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Foreign firms ramp up investments in shipbuilding industry

Speaking with reporter of, Hendrik G. Lacet, Managing Director of Maritime-Consult Lacet (Netherlands), is upbeat about the Vietnamese maritime industry, especially shipbuilding industry. Accordingly, with the eighth rank in the world regarding new shipyards, Vietnam will welcome more orders in the near future and the shipbuilding industry is strongly restructuring to leverage this opportunity.

"Part of the restructuring is to allow foreign shipbuilders, such as Damen Shipyards from the Netherlands, Vard from Norway, Pilion from France and Triyards from Singapore, to secure a firmer foothold in Vietnam. Output for the Vietnamese shipping industry was, until recently, 70% bulk carriers but it has now changed to other ship types, such as product tankers, crew boats, patrol crafts, car carriers, and fishing vessels….," said Hendrik G. Lacet.

Vietnam has great potential to develop maritime sector, especially shipbuilding industry

Sharing view on cooperation opportunities in maritime sector, Director of the UK Maritime Industries Association - Tom Chant commented that it is essential for UK shipbuilders to expand markets and hunt for new partners. Therefore, three of the leading UK shipbuilders, B. Hepworth & Co, Chartco and HAES Systems attended the 6th International Maritime Exhibition (INMEX Vietnam) at the end of March 2017 in Ho Chi Minh City.

Meanwhile, according to Xue Hua, Director of Wei Chai Vietnam - a leading Chinese marine engine manufacturer, Wei Chai Group has been present in Vietnam for 30 years and is a brand chosen by multiple Vietnamese customers. "The next 5-10 years will be the breakthrough stage for the Vietnamese market and Wei Chai Group will accompany with Vietnam in this development," said Xue Hua.

Many economists acknowledged that Vietnam has tremendous potential to develop maritime sector, including shipbuilding industry. Investments for maritime development is estimated to amount to USD1.5 billion by 2020 and this sector is set to develop and grow rapidly to cope with impending pressure from increasing trade.

The Government’s program of building 300,000 steel fishing vessels draw great attention of shipbuilders and foreign investors. Recently, Maritime-Consult Lacet received an order to build 61 new steel fishing vessels. Its factories and Vietnamese partners is speeding up to fulfil the order and expects to deliver vessels in 2017-2018.

"In order to boost up cooperation and investment plans in Vietnam to build steel fishing vessels, we did site visits in Hanoi, Hai Phong,… to hunt for new partners and sites to develop new shipbuilders," said Hendrik G. Lacet, who believes his company will have greater opportunities for cooperation and success in Vietnam’s market.

In a related event, Tran Thanh Binh, Deputy Director of VARD (based in Ba Ria - Vung Tau) said to reporter of Vietnam Investment Review that the Norway-based VARD Group (one of the world’s leading specialized ship designers and builders serving the offshore oil and gas exploration industry) intends to expand its plant in Vietnam to build a longer pier, as well as raise capacity to 9 vessels per year.

Hong Son - DauTuOnline

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