Hanoi (VNA), Nov. 15 -- The Vietnam National Shipping Lines (Vinalines) is divesting entirely from the International Labour and Services Stock Company ( Inlaco-HP ), according to the State-run corporation.

Vinalines said it will sell approximately 1.52 million shares, equivalent to 24.9 percent of Inlaco-HP's total stake, which has face value of 10,000 VND per share. The shares will be auctioned at a starting price of 2,700 VND per share.

Inlaco-HP is among three member companies Vinalines plans to fully divest from by the end of this year. The other two are Tin Nghia Industrial Park Development JSC and Seagull Shipping Company, in which Vinalines holds a 1.15 percent and a 26.46 percent stake, respectively.

Vinalines also aims to redu...