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Prime Minister asks Vinalines to equitise

Hanoi: Recent entrant into the international container shipping market Vinalines has been asked by the Vietnamese Prime Minister Nguyen Tan Dung to consider equitising in addition to issuing bonds and taking out loans to finance new developments.
The Prime Minister, who was present at a business planning meeting for state run Vinalines, also said that the company should speed up its purchasing process for new vessels and decrease its dependency on government funding, particularly for long term projects.
This advice comes on the heels of Vinalines decision to deploy recently purchased 590 teu vessels, Vinalines Pioneer and Van Xuan, along a route calling at Ho Chi Minh City, Hai Phong and Hong Kong, reports VinaDynaliners.  [08/03/07]

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