Dutch shipbuilder looks to tie up with Vinashin

Struggling local shipbuilder Vinashin has just asked the Vietnamese government for approval to sign a memorandum of understanding with Veka Group from the Netherlands to invest in shipbuilding projects in Vietnam, according to an announcement released by the Government Office.
“The Ministry of Transport (MoT) directs and guides Vinashin, which nearly was bankrupted in 2009 due to financial mismanagement, to cooperate with Veka Group based on market demand and the actual financial situation of the group [Vinashin],” Deputy Prime Minister Hoang Trung Hai said in the announcement.  
Source: Sea Ship News