Vietnam’s Vinashin Sells Four Ships Worth $110M

Monday, August 16, 2010

According to a report from Bloomberg, Vietnam Shipbuilding Industry Group sold four newly-built ships worth almost $110m, as the Vietnamese government tries to restructure and stabilize the state-owned company that almost went bankrupt due to losses. The shipbuilder, also known as Vinashin, is trying to complete ongoing ship-building projects.

(Source: Bloomberg)

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