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Vinalines to operate as joint stock company in SeptemberVinalines to operate as joint stock company in September

Vietnam National Shipping Lines (Vinalines) will officially begin operations as a joint stock company on 1 September and change its name to the Vietnam Maritime Corporation (VIMC).

Michele Labrut, Americas Correspondent

August 17, 2020

1 Min Read
Kalyakan - stock.adobe.com

The news was announced at its first shareholders’ meeting, on 13 August in Hanoi, according to Vietnamese media.

“This is an important step in the corporation’s development, adding that it helps increase resources for VIMC to improve its management system, thus enhancing service quality and increasing competitiveness to ensure sustainable development,” said Le Anh Son, chairman of Vinalines’ Members’ Council.

The corporation will continue to focus on the key business lines of seaports, marine transportation, and marine services.

VIMC currently holds capital in 19 subsidiaries and 16 associates and shares in 16 seaport enterprises, and manages and operates more than 13,000 metres of wharves, including at key ports around the country such as Hai Phong Port, Saigon Port, Da Nang Port, and Quy Nhon Port.

It has set a target of transporting 18m tonnes of goods and shipping 139m tonnes of commodities via its port network by 2025.

About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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