The Vietnam Container Shipping Joint Stock Corporation (Viconship) is mobilizing capital from a share issuance to finance the acquisition of Nam Hai Dinh Vu Port and build the Hyatt Place Hai Phong Hotel in the northern city of Hai Phong.
Three major shipping companies reported their highest ever profits last year even though freight charges fell by over 80% from their peak during the Covid outbreak. - VnExpress International
Many shipping companies are targeting double digit growth this year, mainly based on higher freight rates and recovering demand from the manufacturing sector. Vietnam’s largest listed shipping company Gemadept Corporation expects a 19 percent rise in revenues this year to VND3.8 trillion ($165.4 million), and profits to grow by 24 percent to VND1 trillion. The .