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The shipbuilding industry is one of the main priority sectors of the government of Vietnam. Most recently, the government has made USD 750 million available for the sector in order to finance the development into a modern industry that can meet the future international quality demands. |
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The government has also decided to make shipbuilding a key export industry through the Shipbuilding Industry Development Program 2002-2010. It aims to export USD 5 billion worth of ships by 2010 and extend the shipbuilding capacity to container ships of 1500 TEU, cargo ships of 100,000 tonnes, oil tanker of 100,000 tonnes and ship repairing of 400,000 tonnes. Vietnam aims to be the 4th largest shipbuilder over the next decade. |
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Vietnam has more than 60 shipbuilding and repairing yards. |
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Several of the shipyards in Vietnam are capable of repairing up to 50,000 DWT vessels. |
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Vietnam has begun surpassing many of its neighbours, becoming the second fastest growing economy in Asia. |
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Strong GDP growth underpinned by industry and service sectors. GDP growth is projected at a steady rate of 8.5 % in 2007 and 2008. |
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Imports surged more than 30% in the first half of 2007. |
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Trade volume reached 84.7 billion in 2006. |
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Foreign Direct Investment is soaring past WTO ascension. |
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The shipbuilding industry is one of the main priority sectors of the government of Vietnam. The government aims to export USD 5 billion worth of ships by 2010 and
to be the 4th largest shipbuilder over the next decade. |
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Vietnam’s container traffic is currently 3.4million TEU’s per year with about 65% going through Ho Chi Minh City. The contained traffic in Vietnam is growing at an average rate of 20% per year. |
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Vietnam National Shipping Lines, the largest shipping firm in Vietnam, plans to raise the loading capacity of its ship fleet to 2.46 million deadweight tons (DWT) by 2010. They will invest more than USD500 million into infrastructure works and more than USD 88 million into buying new equipment and developing services. |
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The Government has a master plan for port development to 2010 which includes a proposal for a major international hub and planned development of new deep-water ports in the central and southern regions. |
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Vietnam has more than 100 ports with 65% of Vietnam’s total cargo flowing through the south of Vietnam and HCMC becomes an important location as it is the business centre of Vietnam. |
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Two major ports are planned (new port at Van Phong and the relocation of HCMC port to Cai Mep and Thi Vai rivers), plus major improvements to many existing facilities. |
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Port capacity in HCMC is expected to double by 2010. With the phenomenal increase in ports capacity and cargo flow, supply chain management becomes critical. |
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