The shipbuilding industry is again in Vietnam
- NEWS
- 11-05-2024
More than 100 names in the shipbuilding industry from many countries such as Vietnam, USA, UK, Singapore, Thailand, Germany, Malaysia, Korea, Japan, China... are present at the Marine Machinery and Equipment Exhibition. Shipbuilding (VIMOX) 2023 is taking place from July 5-7. This is an important turning point in the shipbuilding industry globally in general and in Vietnam in particular. In particular, it demonstrates the development potential of the maritime industry in Vietnam.
With updates on progressive and innovative technologies as well as expertise in the field of marine technology and shipbuilding, the exhibition is expected to become an important trade bridge to help businesses and investors have the opportunity to opportunity to access information and seek investment opportunities to further promote the shipbuilding industry.
According to Dr. Hoang Hung, Vice President and General Secretary of the Vietnam Shipbuilding Science and Technology Association (VISIA), Vietnam's shipbuilding industry was slow and faced many difficulties in the early years of the years. 2000 due to the impact of the global economic recession and the specific difficulties of the Vietnamese economy.
Domestic and international shippers have difficulty arranging capital to develop fleets. This led to a large decrease in orders for the Vietnamese shipbuilding industry, and even periods when there were none, leading to many shipyards having to convert production and business or go bankrupt.
Typically, after 13 years of being taken over by Vietnam Oil and Gas Group (PVN), Dung Quat Shipyard (DQS) in Quang Ngai still owes thousands of billions of dong due to debts and losses left over from the Vinashin era. This is one of 12 major projects with trillion-dollar losses in the industry and trade sector that are being asked to be reviewed and handled...
Currently, the shipbuilding industry is still facing many challenges in accessing capital, lack of human resources, especially passive sources of materials, equipment, machinery...
However, Mr. Kenny Yong, CEO of Fireworks Trade Media, said that Vietnam's shipbuilding industry has emerged as a competitive force that cannot be underestimated, demonstrating remarkable growth, resilience and adaptation. tell.
“With its long coastline, skilled workforce and strategic geographical location, Vietnam possesses a unique advantage in seizing the opportunities offered by the global maritime industry,” Mr. Kenny Yong identify.
yacht-related industries and services will
The industry and services related to yachting will be "hot" again when international tourists increase sharply.
Experts say that there is a new generation of cargo ships designed and built in Vietnam. In particular, with the potential of marine tourism, plus the middle class, the recreational yacht industry will grow strongly. In particular, in the context of the world's rapidly growing yachting industry, the entire world yachting industry is experiencing an overload of orders by 2026-2027.
For example, Da Nang has many geographical advantages to develop yacht-related industries and services. The construction and development of yacht industry and services will contribute to attracting domestic and foreign tourists, while creating new development momentum for this city.
According to a report by the Institute of Transport Strategy and Development, in the period 2022-2030, with a vision to 2045, in Da Nang there are 19 priority investment projects in the field of industry and services related to yachts.
The total investment of the projects is about VND 6,850 billion from socialized capital, related to the yacht building and repair industry, manufacturing support industry, assembly and commercial services, and port services. and travel services. Accordingly, revenue from the yacht industry and marina services is divided into 2 phases. In the period 2022-2025, it is estimated to reach 400 billion VND/year. In the period 2026-2030, it is estimated to reach 1,000 billion VND/year, mainly from supporting industries and manufacturing components and accessories...
Currently, shipping fleets around the world have been operating on global routes with many ships originating in Vietnam, thereby clearly demonstrating the capacity of the domestic shipbuilding industry. Over the past year, Vietnam's shipbuilding businesses have had more hope to thrive again when they have received large shipbuilding contracts.
At the end of last year, Pha Rung Shipbuilding Company under the Shipbuilding Industry Corporation (SBIC) "closed" a contract to build a series of 5 specialized ships carrying oil and chemicals with a tonnage of 13,000 tons each for the Company. Yentec company exports to Korea. The contract is implemented for 3 years, of which 3 new ships will be deployed this year, the remaining 2 ships will be completed and handed over to Yentec in 2025.
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