Vietnam to target shipbuilding in latest national economic plan

Shipbuilding has been identified by Hanoi as a key industry to develop under a new economic plan likely to be unveiled officially shortly.

The Ministry of Planning and Investment will unveil a new economic plan through to 2020 with shipbuilding one of 13 industries highlighted for growth. Moreover, private firms will be sought to help grow the sector.

A massive corruption scandal at state run Vinashin – now rebranded SBIC – has blighted shipbuilding in the country for much of the past decade, but after significant restructuring Hanoi is now keen to resume a firm focus on nurturing the sector.

It comes, however, at a time of very limited demand for new ships around the world – and many of its Southeast Asian neighbours also gearing up to develop their own yards.


Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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