South Korea’s STX to build major shipyard in Vietnam
The Prime Minister has approved a project of the STX Shipbuilding Co Ltd of South Korea to build a shipyard in the Van Phong economic zone in the central province of Khanh Hoa.
According to the head of the zone’s Management Board, Nguyen Trong Hoa, the shipyard will be the largest in the region with an initial investment capital of US$500 million.
The shipyard will be built on 300ha in Van Phong Port. In the first phase of the project, the port will be capable of building 15 ships with a total capacity of about 900,000 DWT.
The shipyard will also be capable of building 25 ships with a combined capacity of 2.5 million DWT when the second phase of the project is finished.
Japan’s Sumitomo, in addition, has registered for a license to deploy $4 billion in building a 2,640 MW thermal power plant in the Van Phong economic zone.
Korea’s Posco is also waiting for a license to pour $1.15 billion into a steel plant with a capacity of 4-8 million tonnes a year, while SP Chemicals Co Ltd of Singapore wants to invest $1.2 billion in a petrochemical plant with a capacity of 1 million tonnes a year.
Hoa further revealed that Sumitomo is awaiting permission to use the Van Phong international transit port in conjunction with the Viet Nam Shipping Lines in the first phase with an investment capital of $196 million.
According to the head of the zone’s Management Board, Nguyen Trong Hoa, the shipyard will be the largest in the region with an initial investment capital of US$500 million.
The shipyard will be built on 300ha in Van Phong Port. In the first phase of the project, the port will be capable of building 15 ships with a total capacity of about 900,000 DWT.
The shipyard will also be capable of building 25 ships with a combined capacity of 2.5 million DWT when the second phase of the project is finished.
Japan’s Sumitomo, in addition, has registered for a license to deploy $4 billion in building a 2,640 MW thermal power plant in the Van Phong economic zone.
Korea’s Posco is also waiting for a license to pour $1.15 billion into a steel plant with a capacity of 4-8 million tonnes a year, while SP Chemicals Co Ltd of Singapore wants to invest $1.2 billion in a petrochemical plant with a capacity of 1 million tonnes a year.
Hoa further revealed that Sumitomo is awaiting permission to use the Van Phong international transit port in conjunction with the Viet Nam Shipping Lines in the first phase with an investment capital of $196 million.