Viconship to borrow 2,200 billion VND from subsidiaries

Viconship (Vietnam Container Joint Stock Company) has approved a plan to borrow up to 2,200 billion VND from four of its subsidiaries. The funds are intended to restructure cash flow, supplement working capital, and meet short-term financial requirements.

The planned loans are distributed as follows: - Nam Hai Dinh Vu Port Co., Ltd: up to 1,000 billion VND - Green Port Service Co., Ltd: up to 500 billion VND - Green Logistics Center Co., Ltd: up to 500 billion VND - Blue Star Shipping Co., Ltd: up to 200 billion VND

Repayment of principal and interest will occur either in a single lump sum at the end of the contract or through staggered payments as agreed upon.

In related financial activities, the company recently issued 500 billion VND in 36-month bonds with a fixed interest rate of 11% per annum. Viconship has also previously announced plans for capital increases through stock issuances, including dividend payments and offerings to existing shareholders, scheduled for the 2026-2027 period.