Shipbuilder Reaches Out to Overseas Markets

The Nam Trieu company, an affiliate of the Viet Nam Shipbuilding Industry Group (Vinashin), has also won contracts with several shipping giants such as Graig of Great Britain and Itochu of Japan, according to VNA The ship maker has freshly reached a 2 billion USD deal to build automobile-carrying freighters for the Hoegh Autolier Company of the Netherland, in addition to a contract with another Dutch company, Rensen, for four freighters worth 12m Euro.

In an effort to meet high demands from overseas customers, the Nam Trieu company has been spending $168.75m in upgrading technology and expanding workplace to increase its building and repairing capacity to 100,000 tons. The company is expected to recruit an additional 3,000 workers this year to bring its total staff to 8,000. (Source: VNA)