The flotation could take place in May, according tothe company’s general director Vu Khac Tu.

“The biggestport in the north of the country plans to officially operate as a joint stockcompany from July 1, 2014,” he added, according to the Vian news agency.

The IPO could value the company at $206m.

The port accounts for 40% of northern cargo volumesand made a profit of $7m in 2013.

Vinalines