Vinashin

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Vinashin
Fate Bankrupt
Headquarters Vietnam
Website www.vinashin.com.vn

Vinashin is a state-owned shipbuilding firm in Vietnam. Vinashin was one of Vietnam's leading industrial concerns, and entered into a partnership with Damen,[1] Kongsberg, and Hyundai.[2] Vinashin was heavily indebted,[3] and executives have been arrested for mismanagement.[4] but it has been claimed that further restructuring would allow debts to be repaid within a year.[5] Vinashin folded under a debt burden of $4.5 billion in 2010;[6] as of March 2011, it was being restructured.[7]

Ports

Vinashin operated several ports and shipyards around Vietnam.

In August 2010, Damen Vinashin began construction on a new shipyard on a 42 hectare site in Haiphong[8]

Ships built

Vinashin constructed both merchant ships and military ships. A number of ships in the Vietnam People's Navy were built by Vinashin. [9]

Merchant ship construction included dry cargo, tankers, lash carriers, and passenger vessels.[10]

Vinashin was the largest shipbuilder in Vietnam, accounting for approximately 80% of shipbuilding capacity.[9]

References

  1. ↑ "Damen". Retrieved 2010-09-11. 
  2. ↑ "Vinashin: A rising giant - Kongsberg Gruppen". Retrieved 2010-09-11. 
  3. ↑ "Vinashin boss was suspended at behest of investigative agency - Politics - VietNamNet". 2010-09-01. Retrieved 2010-09-13. 
  4. ↑ "More Officials of Indebted Shipbuilder Arrested - WSJ.com". 2010-09-13. Retrieved 2010-09-13. 
  5. ↑ "www.fairplay.co.uk - Vinashin see debt repayment in one year". Retrieved 2010-12-21. 
  6. ↑ Pham, Nga (2011-01-11). "Vietnam's Communist Party congress faces economic test". Hanoi: BBC News. Retrieved 2011-01-13. 
  7. ↑ [http://www.google.com/hostednews/afp/article/ALeqM5i-Id3cbSL0PCx627aYtu2Idl9jsw? docId=CNG.ddbecc318a6830dc31e3387a5fe56b59.1b1 "No penalty for Hanoi ship scandal officials: govt"]. Retrieved 2011-03-27. 
  8. ↑ "Damen Builds New Shipyard in Vietnam". Retrieved 2010-09-11. 
  9. ↑ 9.0 9.1 "VINASHIN". 2009-07-02. Retrieved 2010-09-11. 
  10. ↑ "vinashin". Retrieved 2010-09-11. 

External links


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