Seaports attract investors as the State changes its mind about the state’s ownership ratio.
Until 2014, the state held more than 51 per cent of shares of the seaports and 75 per cent of the seven most important ports. However the state will still hold 51 per cent stakes in the most important ports: Hai Phong, Da Nang and Sai Gon. According to Mr. Nguyen Nhat, head of the Vietnam Maritime Bureau (Vinamarine), the other ports will be better managed under private control.
There was one important takeover case last year. The shares of state-owned Vietnam National Shipping Lines (Vinalines) in Nha Trang Port were acquired by one of the largest real estate firms in Vietnam. Furthermore, business owner Mr. Tran Tuan Loc, overseeing a newly emerged business in Ho Chi Minh City, aims at estabilishing himself as main shareholder of Nghe Tinh Port in Nghe An Province. A real estate firm in Hanoi also shows in Quy Nhon port in the Central province. Do Quang Hien, chair of T&T Group, will most likely become the biggest shareholder of Quang Ninh Seaports when the takeover takes place in 2015.