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Vietnam’s state-owned maritime conglomerate is in a complete mess, as a result of some shocking decisions made at board level. So much so, that former chairman Duong Chi Dung is now on the run from police after an arrest warrant was issued recently. Chief amongst its failings was a massive investment in a series of port development projects that are haemorrhaging money. And that was in its core business; investments in non-core operations have lost it even more.