Vietnam, Russia sign plans for engineering projects

Vietnamese and Russian representatives agreed to cooperate on several shipbuilding, engineering and light industry projects during the 17th session of the Russia-Vietnam Inter-Governmental Commission opened in the Russian city of Vladivostok on Saturday.

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Shipping industry to be developed by 2020

Prime Minister Nguyen Tan Dung recently approved a development plan for Vietnam’s shipping industry for 2020, with a vision for 2030, aiming to ease the transportation burden on roads

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Vinalines struggles to settle debts of Vinashin

Vinalines, settle debts, Vinashin, restructure

While Shipbuilding Industry Corporation (SBIC), the successor of the debt-laden Vinashin, is about to undergo the second debt restructuring phase, Vietnam National Shipping Lines (Vinalines) is struggling to settle debts previously.

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Vinalines stops 11 shipbuilding projects

Vinalines has just submit the letter to Vietnam Development Bank, SBIC to inform stop 11 shipbuilding projects that belong to 20 shipbuilding projects of Vinashin before

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New fleet of tuna vessels to set sail in September

The vessel, known as the VIJAS Research and Training Vessel, is the first of 180 tuna boats to be built for the central provinces of Binh Dinh, Phu Yen and Khanh Hoa.

The project has been organised by the Yanmar Company to lift fishermen’s incomes and develop a sustainable tuna fishing industry.

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Japan Offers Vietnam Some Navy Ships

Japan will give six navy vessels to Vietnam to boost its patrols and surveillance in the South China Sea, Japan’s foreign minister said on Friday, in the latest sign of a strengthening of alliances between states locked in maritime rows with China.

The used vessels, worth 500 million yen ($4.86 million), would be accompanied by training and equipment to help the coastguard and fisheries surveillance effort, Japanese Foreign Minister Fumio Kishida said after talks with Vietnamese counterpart Pham Binh Minh.

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Restructuring plans at eight subsidiaries of SBIC appraised

It is not true that all the eight subsidiaries of SBIC suffered losses or went bankrupt as previously thought by many. For instance, Song Cam Shipbuilding Joint Stock Company has enjoyed profits for several straight years.

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Mitsui Engineering & Shipbuilding Company wants to invest in Kim Thanh district

The provincial People’s Committee is willing to remove difficulties and obstacles to help enterprises invest in production and business.

Chairman of the provincial People's Committee Nguyen Manh Hien receives Mr. Shisuke Minoda, CEO of Mitsui Engineering & Shipbuilding Company (Japan)

Mr. Nguyen Manh Hien, Chairman of the Hai Duong provincial People’s Committee, on August 1 received Mr. Shisuke Minoda, CEO of Mitsui Engineering & Shipbuilding Company (Japan).

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President urges Quang Ninh to meet its development potential

President Truong Tan Sang (second, right) yesterday visits officers and staff of the Shipbuilding Industry Corporation in Quang Ninh Province. — VNA/VNS Photo Nguyen Khang

QUANG NINH (VNS) — President Truong Tan Sang has asked the northern province of Quang Ninh to strive to develop further and come at par with economic centres of other countries in the region which share the same potential and conditions.

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Semco-PVMS established cooperative firm

Semco-PVMS established cooperative firm.JPG
 Semco Maritime and PetroVietnam Marine Shipyard join forces to establish high class rig upgrade player in South East Asia – Vung Tau Rig Services. The initiative shall tap into the growing market for rig upgrades in the region.
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Vietnam’s marine economy faces challenges

Aside from large fishing vessels, marine economic development requires a lot of missions to be implemented synchronously. – The Saigon Times Daily had a talk with Nguyen Huu Dung, vice chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP), on the issue.

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Slovenia and Croatia want to enhance all-round cooperation with Vietnam

At the working session, senior representatives from the three nations discussed measures to strengthen bilateral cooperation and a number of international issues of mutual concern.

Both Slovenia and Croatia highlighted Vietnam’s achievements in the socio-economic development process as well as the country’s important role in the South East Asia region. The two countries expressed a strong desire to bolster multi-faceted cooperation with Vietnam after both nations finalize joining the European Union (EU).

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Vietnam treasures relations with the Netherlands

State President Truong Tan Sang reiterated Vietnam’s recognition of great importance to boosting cooperation with the Netherlands while receiving outgoing Dutch ambassador Joop Scheffer in Hanoi on July 10.

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Japan to provide ODA for Vietnam’s patrol shipbuilding

East Sea stance, Japan, China, dispute

Japan is completing legal procedures for an ODA sum to be provided for the Vietnamese Government’s project to build new patrol ships for law enforcement forces, President of the Japanese House of Representatives Committee on Security Eto Akinori has revealed.

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Vinashin-SBIC unsure how to handle 73 subsidiaries

SBIC is still bogged down in difficulties that it has experienced over the last six years, since the day Vinashin (the Vietnam Shipbuilding Industry Group), the forerunner of SBIC, collapsed.

It is still unclear about the fate of its 73 subsidiaries. SBIC has requested the State Capital Investment Corporation (SCIC) to take over the companies, so as to help SBIC ease the burden on its shoulders.

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Steel ship building programme comes to Quang Ngai

The Nha Trang Shipbuilding Co., Ltd under the Shipbuilding Industry Corporation ( SBIC) on July 2 delivered a modern steel fishing vessel to a fisherman in the central coastal province of Quang Ngai, under a programme to enhance capacity of the nation’s fishing fleet.

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Vietnam’s most modern surveillance ship handed over

Ha Long Shipbuilding Co, Ltd handed over fisheries surveillance ship KN-781 to the Vietnam Fisheries Surveillance Force in northern Quang Ninh province on June 30

The fisheries surveillance ship KN-781 has been designed by Damen Group from the Netherlands in accordance with European standards. It is considered one of the two most modern fisheries surveillance ships in Vietnam.

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DQS signed the contract with Vietsovpetro for building 02 service ships (AHTS)

In the morning of 21st March, 2014 at the office of Petrovietnam (PVN), in the conference about Service and Procurement Management, Dung Quat Shipbuilding Industry Company Ltd. (DQS) signed the contract with Vietsovpetro for building 02 service ships (AHTS), 12000 HP.

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Experts urge gov’t to not use Chinese-made engines for fishing boats

fishing boats, fishermen, East Sea

Nguyen Dang Cuong, a veteran shipbuilding engineer, who has held many important posts in the shipbuilding mechanical engineering and fisheries industry, said at a workshop recently that five to six main engines selected for the program include Chinese-made ones.

“My viewpoint is that these Chinese machines must not be considered,” he said. “The main engine is the vital thing of ships. Therefore, we must use the best for the fishing boats we are building. Chinese products mean low-quality or counterfeited ones”.

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Piriou Delivers FSSIV Kacey to Suisse Outremer AG


Piriou Delivers FSSIV Kacey to Suisse Outremer AG
PIRIOU has delivered a 53-meter Fast Supply and Intervention Vessel (FSIV) Kacey to Switzerland-based maritime company SUISSE OUTREMER AG. PIRIOU-designed FSIV Kacey is built in the company’s South East Asia shipyard located in Vietnam.This is the first of a series of three units ordered by SUISSE OUTREMER AG which will be commercially operated by ABC MARITIME AG.

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Steel ship building project enjoys strong results

The first steel fishing vessels built under a Government pilot project have helped fishermen enjoy bumper catches by staying longer in Vietnam’s offshore fishing grounds.

The Shipbuilding Industry Corporation (SBIC) was tasked with building steel vessels to replace tens of thousands of wooden boats nationwide, promoting offshore catch quality and the safety of fishermen.

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Vietnam, Netherlands launch cooperation projects

Netherlands Prime Minister Mark Rutte on June 17 attended inauguration ceremonies for a significant number of projects in Haiphong city, intensifying cooperative relations between the two nations.

During a visit to the Damen Song Cam shipyard in Thuy Nguyen district, Rutte emphasized the Netherlands vast experience in the shipbuilding industry dating back centuries.

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PM receives Dutch counterpart, vows strategic partnership on agriculture

Prime Minister Nguyen Tan Dung (left) and Dutch Prime Minister Mark Rutte review the Vietnamese guard of honour. — VNA/VNS Photo Duc Tam

HA NOI (VNS) — Viet Nam and the Netherlands have agreed to establish a strategic partnership on sustainable agriculture and food security.

This followed talks yesterday between Prime Minister Nguyen Tan Dung and his Dutch counterpart, Mark Rutte.

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Ba Ria-Vung Tau needs more FDI

A Huyndai 30,000 tonne ship arrives at Phu My 1 Port in southern Ba Ria – Vung Tau Province. The province is urged to invest in seaports and logistics industry. — VNA/VNS Ha Thai

BA RIA – VUNG TAU (VNS) — The southern coastal province of Ba Ria-Vung Tau should give priority to developing seaports and logistics industry in order to attract more foreign direct investment (FDI).

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Shipbuilders get new look on path to equitisation

In 2013, Ha Long Shipbuilding posted an output value of more than VND1.3 trillion ($63 million), or 100.56 per cent of the yearly plan, and a revenue of nearly VND1.45 trillion ($69 million), equivalent to 99.8 per cent of the target. — Photo quangninhtv

HA NOI (VNS) — The new-look Ha Long Shipbuilding One-member Co Ltd, is taking shape as the equitisation process nears completion within three months.

According to General Director Nguyen Tuan Anh, the company, which is an affiliate of the Shipbuilding Industry Corporation (SBIC), has made a deal with the Damen Shipyards Group of the Netherlands – one of the leading European groups in manufacturing high-capacity ships.

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Vietnam to make 30,000 steel-clad boats for fishermen by 2020

The government will grant soft loans to fishermen to help them build steel-clad boats that are more effective and safer than their current wooden ones, Prime Minister Nguyen Tan Dung said on Tuesday.

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Steel fishing vessels promoted in Binh Dinh

The People’s Committee of the central coastal province of Binh Dinh and the Shipbuilding Industry Corporation on June 10 inked a cooperation agreement on developing a fleet of steel fishing boats for local seamen.

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Vinalines officially launches restructuring

The Ministry of Transport reportedly just set progress targets for the restructuring of Vinalines, a leading domestic shipbuilder.

Accordingly, restructuring of parent company Vietnam National Shipping Lines (Vinalines) is underway and an IPO will be held in the first quarter of next year.

Vinalines members include the Saigon, Nghe Tinh, Cam Ranh, Can Tho and Nam Can ports, all to be equitised along with the parent company.

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Banks benefit from special debt settlement for Vinashin

Commercial banks have been allowed to keep Vinashin’s bad debts in “pending” status and do not have to declare the debt as bad debt on their financial reports.

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They can also make provisions against risks in accordance with their financial capabilities.

In its golden age, Vinashin, a once-leading group in shipbuilding (an industry that Vietnam had once targeted as a priority for development) was a VIP client of many commercial banks.

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Industry development strategy passed

The strategy targets to mobilize all resources from domestic and foreign economic components to develop and restructure industry towards modernization; generate industrial resources; prioritize competitive areas, namely agro-forestry and fishery manufacturing, electronics, telecom, new and innovative energy, mechanic manufacture, and chemicals.

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Tidewater Invests in 2 PSVs

Troms Offshore Supply AS, a wholly-owned subsidiary of Tidewater Inc., has announced that Tidewater has entered into agreements to purchase two PSV Vard 08 vessels under construction, hulls no 791 and 792 at the Vard Vung Tau yard in Vietnam.

Tidewater Invests in 2 PSV Vard 08s

The vessels have a length overall of 81,70m and a breadth of 18,00m with a deck area of 830 m2.

The two ships will primarily be positioned for operations in the North Sea and arctic waters and will be managed by the Troms team in Norway. Delivery dates are expected in January and April 2015. Both sister ships are based on innovative environmentally friendly design and equipment and will be delivered with the class notation Clean Design.

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Building more vessels for Fisheries Surveillance Force

The Prime Minister has decided to invest US$200 million in building four more large-scale vessels for the Fisheries Surveillance Force to allow them to better carry out their law enforcement missions in the country’s waters and supporting Vietnamese fishermen.

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VN, Poland urged to up trade

The Poland – Viet Nam Business Forum open in Ha Noi yesterday. — VNA/VNS Photo Tran Viet

HA NOI (VNS)  — Viet Nam and Poland have been urged to promote bilateral trade as their investments were modest and not up to potential.

Speaking at the Poland – Viet Nam Business Forum in Ha Noi yesterday, Polish Deputy Foreign Minister Katarzyna Kacperczyk, accompanied by representatives of 50 businesses, said Polish firms have been in Viet Nam to not just expand trade ties with their local partners but also to seek opportunities to invest in the market of 90 million people.

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PM Dung hails efforts of reformed shipbuilding firm

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Prime Minister Nguyen Tan Dung has spoken highly of efforts by the Shipbuilding Industry Corporation (SBIC) in building fisheries surveillance vessels, making a practical contribution to safeguarding the national sea and island sovereignty

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One more steel fishing boat for Quang Ngai fisherman

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​In the morning of 12th June, Cam Ranh Shipbuilding Company Limited (Vietnam Shipbuilding Industry Group) celebrated the launch of the second steel fishing boat named Sang Fish 01.

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Samsung to expand VN investment

Samsung Corporation is interested in investing in large projects in Viet Nam, announced Shin Kim, president and CEO of the Trading and Investment Group of Samsung C&T Corporation.

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Winel Group (Netherlands) to expand production in Hai Phong

The task force of Winel Group (Netherlands) led by Mr Peter, Director General of Winel Vietnam has recently worked with city leaders about plans to expand business and invest in manufacturing specialized doors for ocean-going vessels in Haiphong.

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Hai Phong consecutively ranks second in FDI attraction

By the end of the first quarter of 2014, Hai Phong continues ranking the second in the country in FDI attraction with a total amount of USD 235.4 million, including 11 newly registered projects and 5 adjusted capital projects. At the present, Binh Duong tops the list in attracting investment and Ho Chi Minh city comes third after Haiphong.

The investment projects mainly focus on supporting industries, housing construction, services, trade and automobile spare parts manufacturing ...

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Another steel fishing vessel handed over to fisherman

Fisherman Tran Van Chau in Hai Chinh commune, Hai Hau district, Nam Dinh province on April 18th received a steel fishing vessel, coded Hai Au 02, from the Song Dao Shipbuilding Industry Joint Stock Company of the Shipbuilding Industry Corporation (SBIC).

The ceremony to hand over the Hai Au 02 coded vessel to fisherman Tran Van Chau

The vessel, 25.46m long, 6.5m wide and 3.1m high, has 7 holds and can accommodate 8 fishermen fishing offshore in a maximum of 20 days. It can run 10 nautical miles per hour.

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Lacking funds, Vietnamese submarine never got off the ground

VietNamNet Bridge – In the past, some Vietnamese scientists and engineers spent many years designing submarines on their own. But their works were invariably suspended when the money ran out. Now, however, the debut of a new mini-submarine, developed by Nguyen Quoc Hoa with his own money, has breathed new life into the dream of a made-in-Vietnam submarine.

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Dr Dinh Khac Minh, Head of the Ship Technology Institute, affirmed that Vietnam tried to build a submarine in 1967, during the war. A mock-up was set up, which could dive and resurface in a water tank. However, engineers could get no further with the prototype.

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Following Vinashin, Vinalines now lays down conditions for its equitization

The Vietnam National Shipping Lines (Vinalines) has asked for a lot of favors to settle debts before it goes equitized.

Vinalines finally has decided to follow the same path as Vinashin, which has changed its name into SBIC after the restructuring, to try to overcome the current difficulties.

The government “extended its hand” to save Vinashin by guaranteeing $600 million worth of international rollover bonds issued by the company, in an effort to restructure its huge debts, while asking domestic banks to clear 70 percent of the principal and accept a payment delay for the remaining 30 percent.

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Fairmount Expedition Tows Naga 3 Vung Tau, Vietnam

Tug Fairmount Expedition has towed jack-up rig Naga 3 safely from Labuan, Malaysia, to the PV Marine Shipyard in Vung Tau, Vietnam.

Fairmount Expedition Tows Naga 3 Vung Tau, Vietnam

The Fairmount Expedition was mobilized from Singapore for this 575 miles voyage. During the voyage the Fairmount Expedition only made use of two of her four main engines.

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Quang Ngai fishermen receive first steel fishing ship

A modern steel fishing vessel was handed over to fishermen in the central province of Quang Ngai on April 10, as part of efforts to promote offshore fishing and catch quality.

It was one of the first six ships of its kind built by the Shipbuilding Industry Corporation and also the first transferred to Quang Ngai fishermen, Vice Chairman of the provincial People’s Committee Pham Truong Tho said.

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How much is Vinalines worth?

The investors’ thoughts now concentrate on the IPO of the Vietnam National Shipping Lines (Vinalines) which would go equitized in the first quarter of 2015.

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Vinalines has been found in the list of the state owned economic groups and general corporations which must go equitized in 2014-2015. The Minister of Transport Dinh La Thang has also shown the ministry’s determination to fulfill the equitization soon, which “not only aims to collect money from the stake sale, but also to change the management platform.”

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Da Nang city urged to boost maritime economic development

PM Nguyen Tan Dung has asked key officials of the central coastal city of Da Nang to focus on developing maritime economics and hi-tech industries and applying technical and scientific advances in agriculture to add more values to farm products.

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First steel fishing vessel in Quang Ngai launched

The Vietnam Shipbuilding Industry Group (Vinashin) have launched the first steel fishing vessel coded Hoang Anh 01, for fishermen in the central province of Quang Ngai.

Photo for illustration. Source: vinashin.com.vn

The 25.2m long, 7.5m wide and 3.6m high ship has a total dead weight of 120 tons and a capacity of 903CV. It includes six main holds for containing fish, two for equipment and one for foodstuff.

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SBIC to release IPO by 2015

SBIC, the new name of Vinashin based on the corporation's restructuring process, to launch IPO by 2015. — Photo VNA

HA NOI (Biz Hub) — The Shipbuilding Industry Corporation (SBIC) will release its initial public offering (IPO) by 2015, said Chairman Nguyen Ngoc Su.

The corporation expects to equitise four member units, including the Vinashin Corrugated Iron Company, and the Chan May Port, Ha Long and Cam Ranh shipyards this year, said Su to the online VnExpress newspaper.

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SBIC not ready for equitisation

The Shipbuilding Industry Corporation (SBIC) is asking the Government for a special mechanism to deal with debts and negative equities of its subsidiaries before equitisation in the next 20 months.

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Deputy PM praises committee

Workers at a factory manufacturing motorcycle tyres for the Southern Rubber Industry Joint Stock Company (CASUMINA). Last year the Steering Committee for Enterprise Renovation and Development advised the Prime Minister on carrying out reforms of State-owned enterprises (SOEs) in order to improve their efficiency. — VNA/VNS Photo Danh Lam

HA NOI (VNS)— Deputy Prime Minister Vu Van Ninh yesterday applauded the effort of the Steering Committee for Enterprise Renovation and Development at a meeting in Ha Noi, saying that the committee had fulfilled its assigned tasks for 2013 and early 2014.

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Norwegian firms want to invest in Viet Nam

 

Norway's Minister of Trade and Industry Monica Miland (third right) talks about potential cooperation between the two countries in a meeting with representatives from the Vietnamese Ministry of Industry and Trade in Ha Noi. — Photo baocongthuong

Norway’s Minister of Trade and Industry Monica Miland and about 100 representatives of Norwegian companies are seeking cooperation with Vietnamese firms during a visit to Viet Nam between March 18 and 21. The visit comes even as negotiations are underway between Viet Nam and the European Union on a free trade agreement.

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