Vietnam Strives to Become Fourth Largest Shipbuilder

According to reports, the Vietnam Shipbuilding Industry Group (Vinashin Group) will exert an all-out effort to make the country the world's fourth largest shipbuilder by 2015. President and CEO of Vinashin Group Pham Thanh Binh spoke about the plan at a ceremony in Ha Noi on July 8 to announce the Prime Minister's decision on the establishment of the Vinashin Group and to mark the 10th founding anniversary of the Viet Nam Shipbuilding Industry Corporation (Vinashin), the predecessor of the Vinashin Group. The Vinashin Group will concentrate on expanding existing shipyards and building additional ones to form major shipbuilding complexes in the country's northern, central and southern regions.

Applying modern technologies and building factories to manufacture supportive components are mentioned in the plan, as the Group targets to increase the percentage of locally-produced spare parts to 60 percent by 2010. The Vinashin Group President also referred to sub-plans to further improve managerial skills and expertise for staffers. Source: VNEconomy