Category: SBIC ( Vinashin )

SBIC yet to make gains


Vinashin had incurred a loss of VND86 trillion as of November, 2010. Therefore, the news that SBIC obtained a profit of VND7.9 trillion as of the end of 2013 has raised questions.

SBIC general director Vu Anh Tuan on December 30, 2013 said that the company’s revenue was expected at VND5.7 trillion in 2013. So the VND7.9- trillion profit, which is higher than revenue, is an illogical figure.

The outlook of Vietnam shipbuilding ( SBIC ) in year 2014

A. The restruction of VINASHIN – The establishment of the Shipbuilding Industry Corporation (SBIC)

– In year 2013, the restructuring process of Vinashin has been completing and it was reformed as the Shipbuilding Industry Corp (SBIC), a one member limited liability company owned 100 per cent by the state, set up using VND9.52 trillion ($452 million) of capital. It  will be state-owned with eight subsidiaries, they include: