Vietnam's shipbuilding industry sets sail

Vietnam expands ship building capacity
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Viet Nam is one of the five leading shipbuilders in the world, according to Fairplay, an international shipping weekly magazine based in the UK.

Nguyen Quoc Anh, general director of the Viet Nam Shipbuilding Industry Group (Vinashin), said the ranking was made because of the country’s young, dynamic, and skillful labour force and its shipbuilding technology. To maintain a top position, though, the proportion of local content in ships made in Viet Nam should be increased, he added. Vinashin, the country’s largest shipbuilder, plans to increase the proportion of local content to 65 per cent by 2015.

Vinashin also plans to open its rolled steel plant with an annual capacity of 500,000 tonnes to build ships in the third quarter of the year. It will also produce its first engine for ships in the fourth quarter of the year. Vinashin is currently negotiating with Swiss producers to produce modern ship engines that are environmentally friendly, according to Anh.
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Viet Nam’s largest shipping exhibition, Vietship, opened in Ha Noi’s My Dinh National Conventional Centre yesterday. Speaking at the event, Deputy Prime Minister Nguyen Thien Nhan said the exhibition would create more opportunities for domestic ship-builders to boost co-operation with their foreign counterparts in investment, technology transfer and trade promotion.

Nhan also praised the industry’s achievements, adding that maritime science and technology was a top priority for the nation under its economic development strategy. The country aimed the sea-related economy to make up 53 to 55 per cent of the country’s GDP; around 60 per cent of the country’s total export turnover.

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Vietnam's boat building industry expanding
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und 400 of the world’s leading firms and organisations involved in the maritime industry attended the event and hundreds of millions of US dollars worth of deals were expected to be signed. The exhibition aimed to turn the domestic shipbuilding industry from assemblers into manufacturers, Vinashin’s Nguyen Quoc Anh said.