Vietnam approves IPO plan for shipping major Vinalines

Vietnam approves IPO plan for shipping major Vinalines

Moving ahead with its privatisation exercise, the Vietnamese government has approved the sale of 35 per cent stake in Vietnam National Shipping Lines (Vinalines) at a starting price of VND10,000 ($0.4) apiece in its initial public offering (IPO), which is expected to be conducted in September.

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