State-owned Vietnam Shipbuilding Industry Corporation’s frauds cost the state budget VND907 billion ($45.35 million), the Ministry of Public Security has said. The ministry also suggested prosecuting 9 top executives at Vinashin and its affiliates for “deliberately acting against the state’s economic management regulations and causing serious consequences.” In 2007, Vinashin’s chairman cum CEO Pham Thanh [...]
Sep 28 2011 | Posted in
Shipbuilding |
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The Ben Kien Shipbuilding Industry Co. Ltd., under the Vietnam Shipbuilding Industry Group (Vinashin) on August 27 launched a 16,800 DWT-cement ship and laid down a keel to build a second similar ship. The ship is part of the contract to build four 16,800 DWT cement ships for KGJS Cement Holding A/S (KGJ Cement) company [...]
Aug 30 2011 | Posted in
Shipbuilding |
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The Bach Dang Shipbuilding Industry Corp on August 1 handed over a cargo ship to its client, the Northern Shipping Joint Stock Company (Nosco). The 6,500 DWT ship is one of the twenty ships that the company is building for Nosco’s parent company, the Vietnam National Shipping Lines. The 102.79m long and 17m wide ship [...]
Aug 3 2011 | Posted in
Shipbuilding |
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The Sai Gon Shipbuilding Industry Company (SSIC), a member of Vinashin, on July 20 handed over the ship “New Lucky VII” to its owner, Franbo Lines Corp. of Taiwan (China) and inaugurated the largest dry dock in southern Vietnam. The 6,850-tonne New Lucky VII, a cargo ship with a special function of transporting timber products, [...]
Jul 21 2011 | Posted in
Shipbuilding |
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The Nam Trieu Shipbuilding Industry Corporation (Nasico) under the Vietnam Shipbuilding Industry Group (Vinashin) on July 12 inked a contract on the building of two ships, each capable of carrying 6,900 cars, for the Blystad group of Norway. The car carriers, which measure 199.9 m in length, 32.26 m in height and 10 m in [...]
Jul 13 2011 | Posted in
Shipbuilding |
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A delegation of seven French businesses will arrive in Vietnam on June 20 for a three day visit learn more about Vietnam’s ship building industry, according to the French embassy in Hanoi. The working visit aims to strengthen cooperation between French and Vietnamese businesses to develop sustainable partnerships and cooperate in trade, industry and technology. [...]
Jun 18 2011 | Posted in
Shipbuilding |
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The state-owned Shipbuilder (Vinashin) will have to pay all its debts in a specific time line, Minister, Chairman of the Government Office, Nguyen Xuan Phuc, said at a press conference. Vietnam Shipbuilding Industry Group (Vinashin), the state-owned company with more than $4 billion of debt, will have to pay all its debts in a specific [...]
Jun 4 2011 | Posted in
Shipbuilding |
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Vietnam Shipbuilding Industry Group, the state-owned company with more than $4 billion of debt, asked holders of a local-currency bond it defaulted on in April to write off as much as 90% of the money owed Vietnam Shipbuilding Industry Group, the state-owned company with more than $4 billion of debt, asked holders of a local-currency [...]
Frustration over Vietnamese state-run shipbuilder Vinashin’s failure to repay loans it defaulted on last year is intensifying among creditors Frustration over Vietnamese state-run shipbuilder Vinashin’s failure to repay loans it defaulted on last year is intensifying among creditors, potentially jeopardizing Vietnam’s plans to draw more investment to improve its infrastructure and reduce the bottlenecks that [...]
Some members of the Vietnam Shipbuilding Industry Group Vinashin have recovered from the economic crisis and stabilised their production and business to create more jobs and ensure workers’ incomes. On April 9, Vinashin’s Party Committee held its second Party Congress for the 2011-2015 term in the presence of politburo member and Deputy Prime Minister Nguyen [...]
Apr 10 2011 | Posted in
Shipbuilding |
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