Vinashin Builds Big Shipyard in Thanh Hoa

The State-run Vietnam Shipbuilding Industry Corporation (Vinashin) yesterday commenced construction on Nghi Son Shipyard in Nghi Son deepwater port in northern Thanh Hoa province.

 

The 50-ha shipyard, costing VND600 billion ($37.97 million) in the first phase from 2005 to 2010, will be able to build and repair oceangoing ships of over 50,000 DWT.

 

In the second phase, the Nghi Son Shipyard will be added VND900 billion ($56.96 million) to construct and repair ships of 100,000 DWT.

 

This is one of the largest and most modern shipyards in Vietnam, a Vinashin official said.

 

Nguyen Thanh Binh, general director of Vinashin, said the shipyard will make its first vessel in late 2007.

 

The State-backed Vinashin has recently begun construction on several shipyards along the coastline of Vietnam.

 

On December 11, the corporation started building Danang Shipyard, costing VND600 billion in the initial stage, in Danang City.

 

On December 1, Vinashin also kicked off the construction on Cam Ranh Shipyard, costing VND2,500 billion ($159 million), in central Khanh Hoa province.

 

In late November, Vinashin commenced building Thinh Long Shipyard, costing VND595 billion ($37.65 million), in northern Nam Dinh province. 

 

In an effort to modernize and raise the capacity of the Vietnamese shipbuilding industry, Vinashin has planned to invest $3 billion from now to 2015 to build new shipyards and upgrade existing ones. The corporation has set up shipbuilding complexes in Haiphong City, Hai Duong, Nam Dinh, Thanh Hoa, Quang Ninh and Quang Ngai and Ba Ria Vung Tau provinces.
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