• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2015.07a
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• pp.171-172
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• 2015

Vinalines is actually known as not only one of Vietnam's state-sponsored economic giants but also the largest shipowner by tonnage in Vietnamese shipping industry. Therefore, a question of how to improve business performance of the corporation is always received deep attention by Vietnamese government, specially after the seriously economic scandal of Vinalines in a last few years. Among development strategies, the study focuses on short-term one in which Vinalines is recommended to restructure its own fleet in order to optimize performance of fleet operation and minimize costs while meeting the customer's shipping demand in near future. The first section is of introduction. Via method of statistical data analysis, section 2 brings to readers a panorama about the development profile and the current situation of development of Vinalines. In section 3, the authors use linear programming for setting a cost-minimization model optimizing Vinalines fleet structure based on available statistics and forecast information by Vinalines. The optimization problem is solved by applying AIMMS software in section 4. Finally, some conclusions and proposals by authors for the development of Vinalines are given.

• Journal of Navigation and Port Research
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• v.40 no.5
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• pp.329-336
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• 2016

The overall purpose of this paper is to conduct research on alternatives for strengthening the competitiveness of a state-run shipping company, Vinalines Corporation, the largest shipping and maritime enterprise in Vietnam. The first section of the introduction gives a panoramic overview of the current development situation of the Vietnam maritime industry and Vinalines. After summarizing a literature review in section 2, some alternatives are proposed in sections 3 and 4 to overcome the current difficulties of Vinalines and to improve the corporation's competitiveness for sustainable development by utilizing linear optimization and financial analysis. The final section presents a summary and recommendation for future study. It is concluded that privatization is the key solution for every problem faced by the corporation at present. Furthermore, modification of laws, restructuring of enterprise governance, financial situation, and fleet are also extremely necessary.

• Journal of Navigation and Port Research
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• v.39 no.5
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• pp.417-422
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• 2015

Sea-ports in Northern Vietnam have experienced a rapid growth of container throughput in recent years. To accompany with such development, huge investment also has been performed to enhance not only local port capacity but also the regional logistics system. Container terminals in Northern Vietnam locate centrally along Cam river of Haiphong city, leaving 2 others in Quang Ninh province. Five out of totally 11 container terminals in the area are under the control of Vinalines - a national corporation in field of maritime industry. In this paper, those terminals are classified in terms of location and ownership. The volume of container throughput and facilities of all container terminals in Northern Vietnam from 2005 to 2014 are recorded in order to compare the performance of groups. A Data Envelopment Analysis (DEA) is then applied to evaluate the relative efficiency of such terminals. Before conclusion, number of suggestions will be contributed to related parties.