Vingroup Eyes Vietnamese Port Prize


In a bid to become strategic investors, real estate conglomerate Vingroup has expressed an interest in purchasing a stake in each of Vietnam’s largest ports and aims to obtain an 80% stake of Hai Phong Port shortly.

The Vietnamese government recently announced a plan to privatise more than 400 state-owned enterprises, including around 19 sea-ports.

In Tuoitrenews, Duong Thi Mai Hoa, General Director of Vingroup said: “Vingroup is committed to follow all government’s policies and principles in the planning and management of seaports”.

Vingroup are hoping to capitalise on the recent government policy of port privatisation which could see the private investors driving the sectors fortunes.

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