Vinashin Sets Up Joint Venture with Dutch Partner

Friday, February 09, 2007
The Vietnam Shipbuilding Industry Corporation (Vinashin) has signed a contract with its Dutch partner, Damen Shipbuilding Corporation, to set up a shipyard in the northern port city of Hai Phong. The 42-ha Damen-Vinashin shipyard will be built at an estimated cost of $39 million. It expected to take two years to build. Upon completion, the joint venture will manufacture a variety of vessels including tug boats, high-speed ships, and vessels for offshore service. Source: Business in Asia Today

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