Vietnam Ocean Shipping Agency (VOSA) has raised VND167bn ($10.5m) from an initial public offering (IPO) that saw it sell close to 40% of the company.
VOSA sold close to 4.9m shares in at auction at prices of between VND36,100 and VND65,000 the Ho Chi Minh City stock market said in a statement.
The state-run shipping agency posted pretax profits of VND23.2bn last year, 13% down on the figure seen in 2004.
