Vietnam National Shipping Lines has announced plans for initial public offerings for five more large port operators by the end of the year 2014. Hai Phong Port Holding Limited Liability Company has already been equitised. According to Vinalines' restructuring plan, four ports, Cam Ranh Port Limited Liability Company, Nghe Tinh Port Holding Limited Liability Company, Can Tho Port Co., Ltd and Nam Can Port Co Ltd, will sell stakes by end of the year 2014.

Saigon Port will complete its equitisation plan at the same time. The five ports have signed contracts with consultants for the upcoming IPOs. Vietnam National plans to privatise 10 businesses as part of the group's wide restructuring arrangement.

Five were finalised last year 2013. Vietnam National also hopes to equitise three subsidiaries, Vinalines Hai Phong Maritime Services Co and Vinalines Container Shipping Company. "I don't think our ports are too bad," said Nguyen Van Cong, deputy minister of the Ministry of Transport.

In IPOs, only 25% to total capital would be put on sale.