STX confirms new shipyard in Vietnam

STX Group’s construction of a shipbuilding yard in Vietnam has been confirmed. The Korean shipbuilder announced that the Vietnamese government has recently approved of STX’s plan to construct an offshore production base and that the company plans to invest $150 million by 2015.

This event will provide the STX Group with another overseas production base in addition to the large-sized shipbuilding yard currently being constructed in Dalian of China