The Pha Rung Shipbuilding Industrial Company, a member of the Vietnam Shipbuilding Industrial Economic Group (VINASHIN), on January 27 launched the construction of three shipbuilding and repair factories which are considered to be the biggest in Vietnam so far. These include the Yen Hung Shipbuilding Factory, the Sea Ship Repairing Factory in Yen Hung Supporting Industry Complex and the Pha Rung VINASHIN-MAN Engine Manufacturing Factory. Total cost for construction of the three factories is put at VND 4.5 trillion. According to Mr Nguyen Van Hoc, General Director of the Pha Rung Shipbuilding Industrial Company, with the construction of the Pha Rung VINASHIN-MAN Engine Manufacturing Factory, Vietnam will become the fourth country in the world to manufacture sea ship engines.