On February 02, 2010, Senior General Phung Quang Thanh, National Defense Minister, had signed the Decision no. 418/QD-BQP to approve the transformation of ‘Saigon Newport Company’ into ‘Saigon Newport Corporation’, a one-member limited liabilities company and holding company operating in 31 business activities with charter capital of VND 1,604 billion at the time of establishment.
With regard to the new model, SNP is now comprised of 16 subsidiaries and affiliates which include 3 one-member limited liabilities companies (100% owned by the parent company), 7 joint stock companies (major shares held by the parent company) and 6 joint venture companies (one of which functioning as a training center for development of human resources in container terminal operations) and 2 other enterprises in related fields.
Thanks to the effective operation of these units, Saigon Newport Corporation is affirming its position as a leading container terminal developer and operator in Vietnam.
