|The Nha Trang port. — Photo kieuviet.vn
NHA TRANG (VNS) — Khanh Hoa's People Committee is granting Vingroup the right to purchase 85 billion dong (US$4 million) of Viet Nam National Shipping Lines' (Vinalines) shares in the Nha Trang Port Company.
The additional capital is expected to help Vinalines with its ongoing re-structuring process. Vinpearl is now working with the Nha Trang Port Company to improve and transition the Nha Trang seaport from a cargo-shipping port into a tourism port-terminal.
This April, Vinalines handed over the seaport to the Khanh Hoa Authority for management so as to better serve the local tourism sector.— VNS