Vinalines valued at over VND16.7 trillion

7/7/2017 - 5:53:36 PM

The overall value of Vietnam National Shipping Lines (Vinalines) for equitisation was determined at VND16,741 billion (US$736.60 million) including VND10,144 billion (US$446.33 million) worth of State capital.

Vinalines has submitted the appraisal figure to the Ministry of Transport for approval as a basis for its upcoming equitisation.

The corporate value was assessed by the Vietnam Auditing and Valuation Company in co-operation with ATC Auditing and Valuation Firm.

Vinalines is scheduled to launch IPOs in December 2017 under which the State will hold 65% of Vinalines' chartered capital while strategic investors will be offered 17.25% of the chartered capital.

This is the second time Vinalines has carried out a valuation of its corporate value to serve equitisation purposes.

Earlier in 2014, Minister of Transport Dinh La Thang signed a decision to approve the value of Vinalines at VND21,287 billion (US$936.62 million) including nearly VND9,000 billion (US$396 million) of State capital.

Vinalines has begun to seek potential strategic partners while waiting for the approval of its corporate value from the Ministry of Transport.

Vinalines organised the first meetings in April to introduce its development orientation to Singaporean enterprises to seek investment opportunities in preparation for the IPOs.

Source: NDO

Being attracted to the taste of chrysanthemum tea at the organic farm in the heart of the city

Being located more than 10 km from the center of Hoa Binh city, Sen Vang Organic Farm is in Dong Chua hamlet, Thong Nhat ward. This is an ideal destination for those who want to immerse themselves in the nature and find the peace after the hustle and bustle of life. With an area of over 60 hectares, the farm is systematically planned, harmoniously combining the wild natural landscape and diverse experience areas. Sen Vang chrysanthemum tea is produced from organic, completely natural ingredients.

Hoa Binh’s investment attraction in 2024 – indicator of economic recovery

In 2024, Hoa Binh province witnessed signs of economic recovery, particularly in investment attraction. Notably, several projects are showing good progress, indicating that the vitality of businesses is positively correlated with the overall economic recovery.

Lac Thuy makes breakthroughs in investment attraction, industrial development

The 25th Party congress of the Lac Thuy district for the 2020-2025 term identified the development of industry, trade, and services as its top priorities to drive the shift of the economic structure towards increasing the proportion of industry and services while reducing the that of agriculture, thus contributing to creating a motivation for socio-economic development in the locality.

Hoa Binh HKK Knitting Co. Ltd. ensures social welfare for workers

Hoa Binh HKK Knitting Co. Ltd., located in the Hoa Binh Left Bank Industrial Zone, employs nearly 500 local workers with an average monthly salary of 8 million VND (3,150 USD).

Yen Tri commune plans to turn medicinal herbs into OCOP products

Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.

Hoa Binh promotes overseas, domestic employment opportunities

Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.