Vinashin Plans Investment
According to reports, Vinashin has obtained the go-ahead from central Vietnam’s Khanh Hoa province to invest in series of industrial parks and urban projects in Cam Ranh Bay. The company will invest in three industrial parks (IPs), including a Cam Ranh IP-township, the South Cam Ranh IP, and a site in northern Hon Qui. The shipbuilding group will also build a 200ha Cam Phu – Cam Linh Urban Area and an ecotourism site in Hon Qui. Vinashin will work out detailed investment plans for each project to submit to the local government. Between now and 2010, the unlisted-shipbuilder plans to build seven shipyards, six shipbuilding industrial parks and seven shipbuilding industrial complexes throughout Vietnam.
Vinashin to Build Shipyard
Vietnam’s largest shipbuilder, Vinashin, has been greenlighted to build a $81m shipyard in the northern port city of Hai Phong, according to Vietnam News Agency. Work on the Vinashin An Duong in Thuy Nguyen district is due to begin late this year and slated for completion by 2009. Vinashin is also set to spend $94m on rebuilding the Cua Viet seaport in the central Quang Tri province. It will turn Cua Viet into a 300-400 ha port complex with a shipyard, ecotourism facilities, a golf course, and a wharf to accommodate 100,000-ton ships. Established in 1996, state-run Vinashin (Vietnam National Shipbuilding Corporation) and its 20 Source: VNA