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Shipbuilders get new look on path to equitisation

Jun 25th at 13:32
25-06-2014 13:32:15+07:00

Shipbuilders get new look on path to equitisation

The new-look Ha Long Shipbuilding One-member Co Ltd, is taking shape as the equitisation process nears completion within three months.

According to General Director Nguyen Tuan Anh, the company, which is an affiliate of the Shipbuilding Industry Corporation (SBIC), has made a deal with the Damen Shipyards Group of the Netherlands - one of the leading European groups in manufacturing high-capacity ships.

The restructured company, which has strong ties with other shipbuilding companies in Viet Nam, has encouraged Damen to become a dominant power. After equitisation, the company will focus on building oil and gas service ships.

In 2013, Ha Long Shipbuilding posted an output value of more than VND1.3 trillion ($63 million), or 100.56 per cent of the yearly plan, and a revenue of nearly VND1.45 trillion ($69 million), equivalent to 99.8 per cent of the target.

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