Vinashin
Encyclopedia
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
, Kongsberg
, and Hyundai
. Vinashin was heavily indebted, and executives have been arrested for mismanagement. but it has been claimed that further restructuring would allow debts to be repaid within a year. Vinashin folded under a debt burden of $4.5 billion in 2010; as of March 2011, it was being restructured.
In August 2010, Damen Vinashin began construction on a new shipyard on a 42 hectare site in Haiphong
were built by Vinashin.
Merchant ship construction included dry cargo, tankers, lash carriers, and passenger vessels.
Vinashin was the largest shipbuilder in Vietnam, accounting for approximately 80% of shipbuilding capacity.
Vietnam
Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
. Vinashin was one of Vietnam's leading industrial concerns, and entered into a partnership with Damen
Damen
-CTA stations:*Damen on the Brown Line*Damen on the O'Hare branch of the Blue Line*Damen on the Pink Line-Others:*Damen Group, a Dutch shipbuilding company...
, Kongsberg
Kongsberg
is a town and municipality in Buskerud county, Norway. It is located at the southern end of the traditional region of Numedal. The administrative centre of the municipality is the town of Kongsberg....
, and Hyundai
Hyundai
Hyundai ) is a global conglomerate company, part of the Korean chaebol, that was founded in South Korea by one of the most famous businessmen in Korean history: Chung Ju-yung...
. Vinashin was heavily indebted, and executives have been arrested for mismanagement. but it has been claimed that further restructuring would allow debts to be repaid within a year. Vinashin folded under a debt burden of $4.5 billion in 2010; as of March 2011, it was being restructured.
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
Haiphong
, also Haiphong, is the third most populous city in Vietnam. The name means, "coastal defence".-History:Hai Phong was originally founded by Lê Chân, the female general of a Vietnamese revolution against the Chinese led by the Trưng Sisters in the year 43 C.E.The area which is now known as Duong...
Ships built
Vinashin constructed both merchant ships and military ships. A number of ships in the Vietnam People's NavyVietnam People's Navy
The Vietnam People's Navy is part of the Vietnam People's Army and is responsible for the protection of national waters, islands, and interests of the maritime economy, as well as for the coordination of maritime police, customs service and the border defense force.-History:Following the Geneva...
were built by Vinashin.
Merchant ship construction included dry cargo, tankers, lash carriers, and passenger vessels.
Vinashin was the largest shipbuilder in Vietnam, accounting for approximately 80% of shipbuilding capacity.