Vietnam aims to be number four

Vietnam aims to be number four

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 recent ceremony in Hanoi to announce the Prime Minister’s decision on the establishment of the Vinashin Group and to mark the 10th anniversary of the Vietnam Shipbuilding Industry Corporation (Vinashin), the predecessor of the Vinashin Group.

To realise this ambitious plan, 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, said Binh. Applying modern technologies and building factories to manufacture marine equipment components are mentioned in the plan, as the Group targets to increase the percentage of locally-produced spare parts to 60% by 2010.

The Vinashin Group President also referred to plans to further improve managerial skills and expertise for staff workers.

Over the decade, Vinashin has been composed of 93 affiliates and has registered an annual growth rate of 35-45%. It has to date sealed contracts worth over $5 billion to build ships.