Vinashin Begins Construction of Container Production Plant

The Vietnam Shipbuilding Industry Corporation (Vinashin) recently began construction of a container production plant in Lai Vu commune, Kim Thanh district, located in the northern province of Hai Duong, according to VNA reports. The plant, the first of its kind to be built in Vietnam, has a capacity of 30,000 TEU per year to meet the increasing demand from both local and international fleets operating in Vietnam. The plant will be built, at an estimated cost of over $22 million, jointly by Vinashin container company and its Taiwanese partner, Toong Goen. Scheduled to be put into operation in late 2006, the plant will help reduce transport costs for local businesses and will also generate about 1,000 jobs for the province. Source: VNA