Vietnam Bank to Fund EUR13 Mln to Build Four 3,300-Ton Dry Cargo Vessels

12:07:41 AM | 8/20/2008

The Military Bank Aug 15 inked a EUR13 million deal with the Vietnamese Ministry of National Defence-run Hong Ha shipbuilder to build four 3,300 dry cargo vessels, the Lao Dong (Labor) newspaper said.
 
Hong Ha shipbuilder recently signed a deal with the Dutch Seatrium Shipbuilding B.V to build those ships with a total cost of EUR23 million, each vessel valued at EUR5 million, the paper said.
 
The Vietnamese shipbuilder expects to deliver the ships to the foreign client in Nov next year. (Labor)