Vinalines receives bank loan for fleet and seaport development

Viet Nam National Shipping Lines Corp has signed a co-operative agreement with the Bank for Investment and Development of Viet Nam for a US$857 million loan for 2009 to 2011.

The capital will be invested in the development of seaports, fleets and marine services. Vinalines posted a 2008 revenue earning of US$1.2 billion, which is 41 percent higher than its 2007 figure.

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