Vinalines to list in Hanoi on September 5

Vietnam National Shipping Lines (Vinalines) will auction more than 488m shares in its initial public offering (IPO) at the starting price of VNĐ10,000 ($0.43) per share. The IPO is scheduled to take place on September 5 on the Hanoi Stock Exchange. The offered shares are equivalent to 34.8% of Vinalines’ charter capital.

Vinalines is a leading company in the field of maritime transportation and logistics, shipbuilding and seaport exploitation in Viet Nam. Some of its affiliates are the Haiphong Port, Saigon Port, the Viet Nam Ocean Shipping JSC, the Viet Nam Sea Transport and Chartering Company and Vinaship.