Rolls-Royce Extends into Vietnam

Wednesday, March 19, 2008

Rolls-Royce, a provider of marine power systems and services, signed a memorandum of understanding (MoU) with Vietnam Shipbuilding Industry Group (Vinashin) in . The aim is to work together to help develop ’s fast-growing marine industry.
The scope of the partnership will include identifying potential strategic partners for development of shared business interests, which include the delivery of propulsion systems as well as developing a sourcing strategy that enhances the business activities of both parties in and for the export market. It will also develop a sourcing strategy that enhances the business activities of both parties in and for the export market.
The agreement also recognises Vinashin’s goal of enhancing both management and technical skills of its workforce by including the development of a training structure which will call on the technical expertise of Rolls-Royce.
The signing ceremony was attended by John Paterson – President of Marine, Rolls-Royce and Pham Thanh Binh – Chairman & CEO of Vinashin, and other representatives.

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