NYK, VOSA get approval for Vietnam joint venture
Japan's NYK Group and the Vietnam Ocean Shipping Agency last month received formal approval from the Vietnamese government to establish NYK Line (Vietnam) Co. Ltd.
NYK said it carries more than 130,000 TEUs to Vietnam each year, and the joint venture will be able to respond to anticipated growth resulting from the country’s accession into the World Trade Organization.
The new company, owned 51 percent by NYK and 49 percent by VOSA, is scheduled to open in January.
NYK, VOSA get approval for Vietnam joint venture
