VN Dealbook: PetroVietnam exits PVTex; Da Nang Port to invest $45m in upgrading unit

VN Dealbook: PetroVietnam exits PVTex; Da Nang Port to invest $45m in upgrading unit

Ships dock at Da Nang Port. Visual from the Da Nang Investment Promotion Centre.

The latest in investment activities in Vietnam has seen Da Nang Port Company ploughing in VND1 trillion ($45 million) in expanding the operation of Tien Sa Port. Meanwhile, the oil and gas titan PetroVietnam will divest from its PVTex subsidiary to invite investors who can better manage the business.

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