China Merchants venture to build seaport in Vietnam

9/10/2008 10:09:02 AM

Port operator China Merchants Holdings has formed a US$60 million joint venture with Vietnam National Shipping Lines Corporation to build and operate the Ben Dinh Sao Mai Deep Seaport in Ba Ria-Vung Tau Province, Vietnam, Dow Jones reported.   China Merchants owns 49 percent of the venture and will contribute $29.4 million of the capital. Vietnam National Shipping Lines will contribute $30.6 million.   CargonewsAsia

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