| Oman’s State General Reserve Fund (SGRF) has earned an advantage over Vietnamese property giant Vingroup and Vietinbank to become the strategic investor in Hai Phong Port, the largest port operator in northern Vietnam, according to transport ministry’s publication Baogiaothong.vn.
“The criteria for picking a strategic shareholder comprises not only the investor’s financial ability (which does not include loans used to finance the investment), but also the investor’s experience of at least three years in managing seaports,” the publication said, citing Nguyen Canh Tinh, deputy CEO of the Vietnam National Shipping Lines (Vinalines), the parent of Hai Phong Port...............................................Full Article: Source
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