Loss-making Vietnamese state-run shipowner Vinalines said it plans to launch an initial public offering (IPO) in the first quarter at Dow Jones. Vinalines said it is aiming for $881m of revenue this year, down 6.6% from last year.
Vietnamese State media quoted Vinalines chief executive Le Anh Son as saying last week that the company recorded a loss of VND 1.63 trillion ($77m) in 2014.
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