Independent journal on economy and transport policy
08:32 GMT+2
Vinalines wastes money on ineffective ports
(TuoiTreNews)
May 21, 2012
Tuoi Tre
Besides the huge los Vinalines has made on a myriad of old, deteriorated vessels as recently reported by Tuoi Tre, the state-run shipping line has also thrown money out of the window with a series of unprofitable ports.
All of the loss-stricken port projects worth thousands of billions dong were made under the regime of Duong Chi Dung, its former chairman, who is wanted for 'intentionally violating state regulations on economic management that causes severe consequences.' (VND1 trillion = US$48 million) ...... Read more on TuoiTreNews
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