Surveillance ship handed over to Coast Guard

Factory X51 (Hai Minh Shipbuilding & Repair One Member Co.Ltd.) under Ba Son Corporation of the General Department of Defence Industry on June 25th handed over surveillance ship CSB 6008 to the Vietnam Coast Guard and launched a second one, coded TS 500.

With a length of 38.2m and width of 7.8m, the ship is built with a water displacement of 397.9 tons and the designated speed of 10 nautical miles per hour, and is able to stand level-7 wind speed (Beaufort Scales). The ship operates effectively within a range of 2,000 nautical miles for 30 consecutive days.

After the handover ceremony, the ship was assigned to Coast Guard Region 3.

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Vietnam Coast Guard receives new high-speed patrol boat

Vietnam Coast Guard receives two home-made modern vessels

The TT400-class vessel, numbered CSB 4035, was assigned to the VCG of Zone 4, which manages and protects the southern waters of Vietnam from Tra Vinh to Kien Giang Provinces and part of the Gulf of Thailand, in which Phu Quoc Island is located.

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Vietnam fails to retrieve $47.3mln compensation for Vinashin after graft case

Three years after sending nine executives of the state-owned shipbuilding giant Vinashin and its subsidiaries to jail for a string of violations, Vietnamese authorities are still struggling to recover millions of dollars for the companies.
Three Vinashin subsidiaries sought compensation totaling over VND1 trillion (US$47.33 million) from the imprisoned executives.

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Vietnam nabs key suspect in Vinashin debacle after 5 years in hiding

The Ministry of Public Security has arrested an executive of shipbuilding giant Vinashin, five years after he fled Vietnam to avoid an investigation into one of the country’s most high-profile corruption cases.
Officials said Giang Kim Dat, 38, will be probed for multiple violations that allegedly caused losses of over VND910 billion (US$40.98 million) at the state-owned group.

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70% foreign stake in Vietnam shipbuilder backed

Shipbuilding Corporation speeds up restructuring subsidiaries PM approves action plan to boost shipbuilding

The proposal, which has been made along with the requirement for such a high volume of shares by the firm based in the Netherlands, comes even as Vietnam’s current regulations impose a 49% limit on foreign investors’ ownership in the domestic stock market.

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Vietnamese Navy receives two home-made missile ships

Addressing the handover ceremony, Senior Lieutenant General Truong Quang Khanh highlighted the staff of the Ba Son Shipyard for making great efforts to complete the modern missile vessels. He emphasised that the second handover of M3 and M4 vessels has marked a milestone in Vietnam’s defence industry in general and the military shipbuilding industry in particular.

He asked Ba Son Shipyard to assign highly-qualified staff with the task of realizing the third handover of M5 and M6 missile vessels in mid 2016 as scheduled.

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Netherlands’ Damen eyes 49% stake in Ha Long Shipyard

Under the current regulations, the ownership ratio of foreign investors in the local stock market is limited to 49%.

In 2014, Ha Long posted output worth more than VND1 trillion ($46 million), or 114.3 per cent of the yearly target, and revenue of more than VND1.38 trillion ($63 million), equivalent to 100.2 per cent of the target.

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Vietnam to build ships for maritime research, survey locally

Accordingly, only member companies of the Hanoi-based Vietnam Shipbuilding Industry Corporation (SBIC), previously known as Vinashin, are allowed to join those tenders to secure the rights to build such ships, the website said on Friday.

Prime Minister Dung has assigned the Ministry of Natural Resources and Environment to actively work with the Ministry of Planning and Investment and the Ministry of Finance to allocate necessary capital for the project.

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Modern fishing ship handed over to fisherman

The ceremony to hand over the ship to fisherman

The Song Dao Ship Building Joint-Stock Company of the Shipbuilding Industry Corporation (SBIC) handed over a new steel-hull ship, coded VO18 01, to fisherman Nguyen Quoc Trong from Nghi Quang commune, Nghi Loc district, Nghe An province on March 2nd. This is the eighth fishing ship of this kind built at the company in the framework of the SBIC’s steel-hull shipbuilding program.

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Binh Dinh fishermen access off-shore ship building credit

BIDV representative and client signing the loan agreement. Photo: Vietnam+

The Bank for Investment and Development of Vietnam (BIDV) has disbursed the first credit package of VND 61 billion (USD 2.8 million) for fishermen in central Binh Dinh province to build new ships serving off-shore operations.

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Vietnam builds 56,200-ton ships, happy to be outsourcing provider

Vietnam’s shipbuilding industry

On April 12, 2015, Dongbacshin organized a ceremony for the hand-over of Truong Minh Dragon, a 12,500-ton ship to Truong Minh International JSC. Also at the event, Dongbacshin signed a contract to build the 56,200-ton bulk ship for Truong Minh.

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Binh Dinh fishermen access off-shore ship building credit

The Bank for Investment and Development of Vietnam (BIDV) has disbursed the first credit package of VND61 billion (US$2.8 million) for fishermen in central Binh Dinh province to build new ships serving off-shore operations

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Shipbuilding corporation healthier after restructuring

The Shipbuilding Industry Corporation (SBIC) has risen from a proverbial shipwreck after an active restructuring and is now ready to sail, stated Chairman of the firm’s member council Nguyen Ngoc Su

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DATC to buy 94 million USD Vinalines debt

The Debt and Asset Trading Corporation (DATC) is negotiating with some banks to buy nearly 2 trillion VND (94 million USD) of debt owned by the Vietnam National Shipping Lines (Vinalines).

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Thorough survey needed to avoid rushing into building ships: President

President Truong Tan Sang has asked authorities of central Khanh Hoa province and relevant agencies to thoroughly survey local fishery reserves and fishing capacity to avoid rushing into building offshore fishing ships resulting in wastefulness.

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Ha Long Shipbuilding Company hands over two tugboats

PANO – Ha Long Single-member Ltd. Shipbuilding Company (Vietnam Shipbuilding Industry Corporation) has completed ATD Tug 2412 No. 3 and ATD Tug 2412 No. 4 for export to Europe.

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Dutch firm eyes 70 percent stake in shipbuilder

The Netherlands’ Damen Shipyards Group is expected to buy at least 70 percent of the stake of Song Cam Shipbuilding Joint Stock Company, reported VnExpress online.

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Shipbuilding Corporation speeds up restructuring subsidiaries

SBIC is to restructure 152 subsidiaries in 2015. (Photo: VNA)

The State-run Shipbuilding Industry Corporation (SBIC) is to restructure 152 subsidiaries in 2015, General Director Vu Anh Tuan revealed at a conference setting the year’s tasks on January 16.

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Tam Đảo 05 jack up drilling rig keel laying ceremony

On 25 Oct 2014 in Vung Tau, PVShipyard and Vietsovpetro have together organized the Keel Laying Ceremony for Tam Dao 05 Jack Up Drilling Rig.  In this project, Vietsovpetro is the Owner and PV Shipyard is the Main contractor with the total investment value of the project upto 230 mil USD.

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Vinalines restructuring gets a further boost

Vinalines, restructuring, debts

In a recent document sent to the prime minister, the Ministry of Transport (MoT) sought government approval for state-run Vinalines to scale down its holdings in the key ports of Haiphong, Quang Ninh, Danang and Saigon from a current 75 per cent to 51 per cent.

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PM approves action plan to boost shipbuilding

Decision 1901/QD-TTg aims to implement Vietnam ’s industrialisation strategy as part of the cooperation framework with Japan until 2020, with a vision towards 2030.

An emphasis will be placed on improving infrastructure and human resources, developing support industries, ship repair services, and exports, as well as building capacity for research and development (R&D).

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Plan on developing shipbuilding industry approved

Accordingly, the current system of shipbuilding plants across the country will be restructured with utilization of the infrastructure and human resources. Support industry for shipbuilding, ship markets and ship repairing services for local demand and export will be developed.

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Shipbuilding plan set to launch

A welder at Ha Long Shipbuilding Company in northeastern Quang Ninh Province works on a ship. The action plan newly approved by the PM focuses on restructuring shipbuilding factories nationwide and developing a shipbuilding support industry. — VNA/VNS Photo Huy Hung

HA NOI (VNS)— The Prime Minister on Wednesday approved an action plan to develop the shipbuilding industry into a key industry under the implementation of Viet Nam’s Sea Strategy by 2020.

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Samsung considers $950 million shipyard project in Vietnam

VietNamNet Bridge – Samsung Heavy Industries – the 3rd largest shipbuilder in the world – is considering opening its first shipyard outside South Korea in Indonesia, Vietnam or Malaysia.

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Australian shipbuilder wants to build cruiser yard in Da Nang

After conducting a survey in the central city of Da Nang, director general of Corsair Marine International Company under the Australian SeaWind Group Mike Rees expressed desire to invest in a cruiser building yard there.

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Samsung Heavy Venturing Overseas

South Korea’s Samsung Heavy Industries Co. (SHI) has revealed plans to spread overseas by establishing the first facility abroad in an effort to revive production following the merger of Samsung’s shipbuilding and engineering units. 


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PM urges Hai Phong to focus on shipbuilding

Hai Phong should try to attract investment and foreign partners to become a mechanical engineering and shipbuilding centre of the country, Prime Minister Nguyen Tan Dung said at a working session with key officials of the northern port city on October 3.

He urged Hai Phong to continue with restructuring efforts and make full use of major infrastructure projects in the region which are almost completed to maintain its growth impetus.

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Oshima recorded historic orders in FY2013

Oshima Shipbuilding of Japan inked newbuilding orders for 65 vessels of a combined 2.36m gt last fiscal year on the strength of ‘mini boom’ in global newbuilding market.
It is the historic level in terms of single annual orders, filling its orderbook scheduled until three years from now. However, new orders are forecasted to slow down as newbuilding market condition is depressed this year.
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Government refuses to give preferential policies to Vinalines in debt restructuring

A vessel of Vinalines transport containers. Vinalines is schedule to list its first public offering by the first quarter of 2015. The Vietnamese Government will not make any preferential policies to support the Vietnam National Shipping Lines (Vinalines) during its restructuring plan. — Photo thesaigontimes.vn

HA NOI (VNS) — The Vietnamese Government will not make any preferential policies to support the Vietnam National Shipping Lines (Vinalines) during its restructuring plan.

Minister of Transport Dinh La Thang said this at a meeting attended by Vinalines’ owners in Ha Noi on August 13. Hosted by the minister, the meeting aimed to share the group’s difficulties and orient its restructuring plan, in which debt restructuring would be a key task to achieve success.

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Made-in-Vietnam AUV successfully tested

The first autonomous underwater vehicle (AUV) , built by Cam Ranh Shipyard in central Khanh Hoa province, has successfully completed its trial run at Cam Ranh Bay, the Ministry of Science and Technology announced on September 22.

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Deputy PM embarks on visit to the Netherlands

Vietnam and the Netherlands agreed to cooperate more closely on climate change, water management, agriculture, energy, and marine-based economic activities, including logistics and shipbuilding.

This agreement was reached between Deputy Prime Minister Hoang Trung Hai and the Dutch Prime Minister Mark Rutte in The Hague, the Netherlands, on September 22.

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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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