Vina - Offshore Constantly Rising to New Highs

Wholly foreign-invested Vina - Offshore, established in 1995, processes and fabricates maritime oil and gas equipment. The company started off with a small fabrication shop and more than 10 employees. With the spirit of solidarity and determination to overcome difficulties and challenges, the company has successfully fabricated and installed many important oil and gas projects like subsea pipeline and riser clamp for Vietnam Japan Petroleum Co., Ltd, anchor suction piles for SBM; and protective frame system for undersea oil pipelines. The company has played an active role in creating jobs for local people and supporting the local budget.

Apart from the Vietnamese market, Vina - Offshore has also expanded to Asian and European markets with the major business of equipment maintenance. Deputy Director Leong Kwok Keen said “Carrying out foreign projects with the highest quality services will help us maximise personnel advantage and this is also the key to the company’s long-term development orientation in the time to come."

Despite economic slowdown, Vina - Offshore has managed to maintain relationships with customers, provided them with higher quality services to boost their trust and strengthen their cooperation. The company always encourages employees to work harder to provide quality products to lead Vina Offshore to greater successes. The firm also focuses on upgrading infrastructure and modernising equipment to supply more advanced products and services with higher quality. Currently, Vina Offshore is preparing to commence on a new working office building in its estate while investing in modern CNC cutting machines and modern spraying system to reduce manual works and increase operating capacity to meet the rising demand of customers.

 

In spite of pessimistic economic forecasts in 2013, Vina - Offshore expects to earn US$17 million of revenue in the year. To accomplish this goal, the company will seek support from the parent company in techniques and orders and invest in two affiliated companies in Singapore and Indonesia.

 

The integration process gives Vina - Offshore a plenty of opportunities to take big contracts, cooperate in investment for enhanced financial capacity, promote technology transfer, learn management experience, and enhance competitiveness. Nevertheless, the company also faces with numerous difficulties in maintaining market share, competitiveness and investment scale. To take advantage of opportunities and deal with challenges, Vina - Offshore has actively trained advanced technical and management skills of its employees, professionalised all stages of operation to meet the demand of domestic and foreign partners; sought and strengthened cooperation with foreign partners to balance its competitiveness.

 

In the future, Vina - Offshore will make every effort to uplift its position, prove its resources, capabilities, intelligence and skills and modernise machinery and equipment systems to match its new stature and become a trusted supplier of high-quality offshore engineering products and services in Vietnam and in the region. Mr Leong Kwok Keen said: "To achieve these objectives and orientations, apart from our efforts, we expect to receive support and care from local governments to accelerate our development and contribute more to the socioeconomic development of Ba Ria - Vung Tau province in particular and of the country in general.”