The Police in the central province of Thua Thien-Hue have suspended all operations to salvage the Malaysian sunken vessel ‘Onnekas One’, after fourdivers died from toxic fumes. Eight casualties have been recorded during salvage operations in Onnekas One Vessel. Police officials and local civil defense forces blockaded the scene to prevent local residents from entering the shipwreck area, 500m off the coast of Thua Thien-Hue.
The Vietnam National Petroleum Group (Petrolimex) has set up a corporation which will focus on waterway transport under its restructuring plan.
Billionaire Mike Ryan from the Cayman Islands and Bob Livingston, the founder and chairman of Livingston Group LLC will visit Vietnam to seek out investment opportunities.
Indonesia is seeking Vietnamese investment, especially in the fishing and seafood processing sectors in which it has great potential.At the Vietnam – Indonesia Business Meeting held in HCM City on June 22 by the Indonesian Consulate General, Indonesian and Vietnamese delegates said Indonesia’s waters have huge fish stocks. The country, made up of more than 13,000 islands and with a large demand for fishing and other vessels, is also looking for investment from Vietnamese firms in ports, shipping, and shipbuilding.
Improper investment, capital, and technology policies have prevented the mechanical industry from reaching its set targets over the past ten years. Mechanical industry development would be a step towards improving the socio-economic infrastructure that serves national industrialisation and modernisation. Ten years after implementing the Prime Minister’s resolution No 186 on the mechanical industry development strategy (throughout 2010 with a vision for 2020), support mechanisms for key mechanical products has failed to meet the set targets
VIETNAM SHIPBUILDING NEWS 