VN Dealbook: Vinalines to reduce stakes in subsidiaries to 20%, SCIC to fully divest from supermarket Intimex

With the state holding the majority of stake in Vietnam’s two biggest port operators, Hai Phong Port’s and Saigon Port’s shares were not attractive to the investors. Therefore, the local government has agreed to allow private investors to purchase up to 80 per cent of both port companies as the Vietnam National Shipping Lines sells its holdings. Another divestment involves the State Capital Investment Corporation and retailer Intimex, which will see the former divest its entire 49 per cent ownership.