According to Markku Mattila, president of MacGregor’s Asian operations: “Vinashin will spearhead Vietnam’s entry into shipbuilding and is expected to become a major exporter within the next 10 years.”
In the five years up to 2005, Vinashin has invested D4.21 trillion (US$280 million) in strengthening technology and increasing the volume of local content, which is currently around 40 per cent of ship content.
Vinashin was founded in 1996 and is one of the largest Vietnamese state-owned corporations to be established in the country. It has 82 subsidiaries including 20 shipyards.
