The city's main port terminal is seeing rises in flows of goods and cruise tourists

It plans to sell 65 percent of shares in an IPO by the end of the first quarter

The shipping giant is also looking at an IPO and more divestment plans to rescue itself    

Vinalines, the port owner, has been drowned in financial difficulties and is trying to restructure its debt

The Soai Rap River is currently unable to accommodate large cargo ships of more than 50,000 DWT

The state-owned company plans to sell its stakes in the southern Vietnam ports, citing financial problems

State-owned Vinalines currently owns 95 percent of Hai Phong Port and 65 percent of Saigon Port   

  Thousands of passengers were stranded in seaports and some domestic flights were cancelled    

The Ministry of Transport wants to have eight ports by 2030 that can handle giant international cruise vessels.