The Vietnam Shipbuilding Industry Group (Vinashin) has recorded promising results, following just four months of its comprehensive restructuring, said Deputy PM Nguyen Sinh Hung.
Hung, who is head of the steering committee for Vinashin restructuring, made the comment while chairing a meeting of the committee in Hanoi on January 27, focusing on the committee’s performances in 2010 and major tasks to be undertaken this year.
Vinashin has resumed all of its production and business activities, including shipbuilding, maritime transport and support industry, creating stable jobs and incomes for workers and fostering the development of its subsidiary companies, Hung said.
He emphasised that the urgent task of the committee and concerned agencies is to successfully restructure Vinashin, making it a driving force of the ship building and repair industry, which will be a spearhead in turning Vietnam into a powerful country in terms of the maritime economy.
To reach this target, it is essential to perfect legal institutions for the group’s operations and immediately map out a development strategy through 2015 with a vision until 2020, along with strengthening its management apparatus, the deputy PM noted.
Under the restructuring plan, Vinashin will consist of a State-owned one-member limited liability company, 41 subsidiary companies and an associated business, with total assets of over 68.2 trillion VND (3.4 billion USD) and debts of more than 53 trillion VND (2.6 billion USD).
The group is expected to rake in more than 21.1 trillion VND (1.05 billion USD) in revenue and 352 million USD from export turnover in 2011, year-on-year increases of 105 percent and 27 percent, respectively./.
Hung, who is head of the steering committee for Vinashin restructuring, made the comment while chairing a meeting of the committee in Hanoi on January 27, focusing on the committee’s performances in 2010 and major tasks to be undertaken this year.
Vinashin has resumed all of its production and business activities, including shipbuilding, maritime transport and support industry, creating stable jobs and incomes for workers and fostering the development of its subsidiary companies, Hung said.
He emphasised that the urgent task of the committee and concerned agencies is to successfully restructure Vinashin, making it a driving force of the ship building and repair industry, which will be a spearhead in turning Vietnam into a powerful country in terms of the maritime economy.
To reach this target, it is essential to perfect legal institutions for the group’s operations and immediately map out a development strategy through 2015 with a vision until 2020, along with strengthening its management apparatus, the deputy PM noted.
Under the restructuring plan, Vinashin will consist of a State-owned one-member limited liability company, 41 subsidiary companies and an associated business, with total assets of over 68.2 trillion VND (3.4 billion USD) and debts of more than 53 trillion VND (2.6 billion USD).
The group is expected to rake in more than 21.1 trillion VND (1.05 billion USD) in revenue and 352 million USD from export turnover in 2011, year-on-year increases of 105 percent and 27 percent, respectively./.
