The new-look Ha Long Shipbuilding One-member Co., Ltd, is taking shape,with its equitisation process is expected to be completed in Septemberthis year.
According to General Director Nguyen Tuan Anh, thecompany, which is an affiliate of the Shipbuilding Industry Corporation(SBIC), has reached a deal with the Damen Shipyards Group of theNetherlands - one of the leading European groups in manufacturinghigh-capacity ships.
With its effective cooperation with othershipbuilding companies in Vietnam, such as the Song Gam Company andCorporation 189, Damen wishes to become a strategic investor that holds adominant power at Ha Long Shipbuilding.
After equitisation, thecompany will operate under the new model, focusing on building oil andgas service ships with high quality and added value, he said.
Damenwill assist the company in management technology, equipment andwarehouses in order to create high-quality products as well as ensurethe safety for workers, he added.
In 2013, Ha Long Shipbuildingposted an output value of over 1.3 trillion VND (63 million USD), or100.56 percent of the yearly plan, and a revenue of nearly 1.45 trillionVND (69 million USD), equivalent to 99.8 percent of the target.
Despitegood business results, the company’s equitisation process still faces alot of difficulties as the shipbuilding market in the world, andVietnam in particular, is in decline. Low demand has created a shortageof orders at most SBIC shipbuilding companies.
If the equitisation is not conducted drastically and seriously, State capital may be lost, Anh warned.
Asof May 2014, the company has received a contract to build four tugs forDamen Group, while the first car carrier ship will be handed over soon.It will build another four transport ships for a Venezuelan investorand is negotiating for the construction of two oil and gas service shipsfor another partner.
In 2014, Ha Long Shipbuilding targets anoutput value of over 890 billion VND, a revenue of about 1.4 trillionVND and per capita monthly income of 4.8 million VND.-VNA
According to General Director Nguyen Tuan Anh, thecompany, which is an affiliate of the Shipbuilding Industry Corporation(SBIC), has reached a deal with the Damen Shipyards Group of theNetherlands - one of the leading European groups in manufacturinghigh-capacity ships.
With its effective cooperation with othershipbuilding companies in Vietnam, such as the Song Gam Company andCorporation 189, Damen wishes to become a strategic investor that holds adominant power at Ha Long Shipbuilding.
After equitisation, thecompany will operate under the new model, focusing on building oil andgas service ships with high quality and added value, he said.
Damenwill assist the company in management technology, equipment andwarehouses in order to create high-quality products as well as ensurethe safety for workers, he added.
In 2013, Ha Long Shipbuildingposted an output value of over 1.3 trillion VND (63 million USD), or100.56 percent of the yearly plan, and a revenue of nearly 1.45 trillionVND (69 million USD), equivalent to 99.8 percent of the target.
Despitegood business results, the company’s equitisation process still faces alot of difficulties as the shipbuilding market in the world, andVietnam in particular, is in decline. Low demand has created a shortageof orders at most SBIC shipbuilding companies.
If the equitisation is not conducted drastically and seriously, State capital may be lost, Anh warned.
Asof May 2014, the company has received a contract to build four tugs forDamen Group, while the first car carrier ship will be handed over soon.It will build another four transport ships for a Venezuelan investorand is negotiating for the construction of two oil and gas service shipsfor another partner.
In 2014, Ha Long Shipbuilding targets anoutput value of over 890 billion VND, a revenue of about 1.4 trillionVND and per capita monthly income of 4.8 million VND.-VNA
