Pha Rung Invests US$41 Mln to Build 80,000-ton Ships
Pha Rung Shipbuilding Company will spend VND700 billion (some US$41 million) to build ships of 80,000 tons by the end of this year.
The Bank for Investment and Development of Vietnam (BIDV) will contribute VND391 billion under a recently-signed agreement with the shipbuilder.
The Vinashin Financial Company will fund VND200 billion and the rest is shipyard’s capital.
Over the 25-year development, the company now has 29 affiliates. It is building many big shipyards like Song Gia and Yen Hung as well as Dinh Vu port and industrial park. (Investment)
Vietnamese
