Vinashin makes major investment

Vietnamese shipbuilding giant Vinashin has agreed to make major investments in the central Thua Thien Hue province, building terminal, shipyard and tourism complex.

Under a deal signed last Friday, the local government gave it the go-ahead to promote projects in the Chan May-Lang Co Economic Zone EZ and to build its head office in Hue city. The state-owned shipbuilder plans to build a container terminal in Chan May port, a large shipyard and an ecotourism complex in the EZ.

The economic zone is set to become a major international trade hub in central Vietnam and a regional and international tourism and resort centre by 2020.