China’s central government is planning the consolidation for several industry sectors to optimise the state-owned regional assets structure and reduce horizontal competition.

Vinalines’s IPO fell short of its target of selling a 34.8% stake for $210m, raising just $2.33m (VDN 54.35 Billion) on Hanoi Stock Exchange Wednesday.

COSCO Shipping Holdings has held true to its pledge to keep Orient Overseas (International) Ltd, the parent of Orient Overseas Container Line (OOCL), as a listed company in Hong Kong.

Vietnam’s largest state-owned shipping firm is finally ready to be privatised through an initial public offering (IPO) in the middle of the year, according to Vinalines acting ceo Nguyen Canh Tinh.