VIMC plans to divest from big seaports

VIMC plans to divest from big seaports

CMSC recommended that VIMC divest capital in seaport enterprises, but only to a 65 per cent ownership rate. 

Trucks carrying containers at Hải Phòng port. VNA/VNS Photo

 

HÀ NỘI — Vietnam National Shipping Lines (VMIC) has completed the corporation's restructuring scheme draft for 2021–2025 and sent it to the related ministries and agencies for comments. VIMC proposes reducing the parent company's state ownership rate from 99.4 per cent to 65 per cent.However, the Committee for the Management of State Capital (CMSC) at Enterprises, a representative of state capital at VIMC, said that seaports are an important component of the maritime industry, a strategic breakthrough in infrastructure. 

VIMC proposes reducing the parent company's capital ownership ratio in member enterprises operating seaports.

Specifically, VIMC suggested reducing the capital ownership of the parent company in five ports to 51 per cent. These ports are Cần Thơ Port (with 99 per cent of the capital), Cam Ranh Port (nearly 81 per cent), Quy Nhơn Port (75 per cent), Đà Nẵng port (75 per cent), Cái Lân port (56 per cent).

For Hải Phòng port, VIMC proposes to reduce the equity ratio from 92.5 per cent to 65 per cent and divest all capital in Việt Nam Hi-tech Transportation Company Limited, where VIMC is currently holding 56 per cent of the capital.

CMSC said that VIMC's member businesses are holding large, important seaports and doing business effectively. In 2021, the profit before tax of port businesses was nearly VNĐ2.6 trillion (US$104.6 million), accounting for 71 per cent of VIMC's consolidated profit, which was mainly from Sài Gòn, Quy Nhơn, Hải Phòng, and Đà Nẵng Port.

CMSC recommended that VIMC divest capital in seaport enterprises, but only to a 65 per cent ownership rate.

As for VIMC's member businesses in shipping, maritime services, and logistics industries, VIMC proposes to divest all capital the company holds in most of these companies, including Oriental Shipping and Trading JSC, Vietnam Sea Transport and Chartering JSC, and Đông Đô Marine JSC.

In the case of Vinaship and VIMC Logistics, VIMC proposed divesting a portion of each company, keeping only 36 per cent of the shares in each.

CMSC agreed with VIMC's proposal on the divestment of member enterprises in the fields of shipping, maritime services, and logistics.

For shipping enterprises, this Committee said that the units mainly operate bulk carriers with a long service life (over 20 years on average), so operating costs are high, and some businesses suffer long-term losses. — VNS

 

vietnamnews.vn
 

Ý kiến bạn đọc
Chủ đề liên quan
Có thể bạn sẽ quan tâm

Proposal to invest in dry ports in the form of PPP

As a later type of development than seaports, but currently dry ports are interested in investing in areas and transport corridors with large container cargo traffic.

Global shipping growth at risk from economic gloom, UNCTAD says

Synopsis The slowdown is expected to impact shipping, which transports more than 80% of global trade, although tanker freight rates could stay high.

By 2025, the ICD could handle up to 8.7 million tons of cargo.

By 2025, develop a dry port system capable of approving about 20% - 30% of the demand for import and export container transport with a total capacity of about 6 - 8.7 million Teu / year.

FM Logistic to manage warehouse operations for gro24/7

Third-party logistics provider FM Logistic recently announced a partnership with gro24/7, one of the largest B2B e-commerce platforms in Việt Nam, to provide warehousing and urban logistics services.

Regional linkages to enhance the value of Vietnamese goods in the supply chain

The logistics service chain linking product consumption and distribution is a bottleneck, hindering the growth of the southern key economic region.

CNL Handled a POWER TRANSFORMER 20/30MVA and OIL-SHELL TR OIL DIALA S4 ZX-I to Brunei.

In July 2022, CNL's Hanoi branch handled a consignment including a POWER TRANSFORMER 20/30MVA weighing approximately 45 tons, as well as its accompanying equipment, and 31 pallet barrels of OIL-SHELL TR OIL DIALA S4 ZX-I.

Shipping costs gone down to pre-pandemic level

Freighters have even started accepting small orders at low prices in the hope they may be able to pool them together to make a trip worthwhile.

Develop a set of professional standards for Vietnam's logistics industry

According to the Vietnam Logistics Service Enterprises Association (VLA), up to now, logistics enterprises are in great demand, need to be trained, fostered and disseminated knowledge; as well as updating legal information on standards, measurements, quality or tools to improve productivity.

Long An develops border trade infrastructure

Enterprises believe that there should be mechanisms and policies to promote investment in border areas; At the same time, it is necessary to focus on investing in the development of transport infrastructure and smooth connectivity for trade.

Development of logistics centers in Lao Cai to promote import and export

On November 22, in Lao Cai city, the Vietnam Trade Promotion Agency, the Ministry of Industry and Trade and the Department of Industry and Trade of Lao Cai province jointly organized a workshop on promoting import and export activities, promoting the role of Lao Cai on the Kunming - Lao Cai - Hanoi - Hai Phong - Quang Ninh economic corridor.