Vietnam: Industrial park to house shipbuilding

The management board of Van Phong Economic Zone in the central coastal province of Khanh Hoa has granted the investment licence for establishing the Nam Cam Ranh Industrial Park in the centeral coastal province of Khanh Hoa. The Nha Trang Shipbuilding Industry Co, an affiliate of the Viet Nam Shipbuilding Industry Group (Vinashin), received its licence. earlier this month.
It will spend VND980 billion (US$56 million) on building infrastructure for the industrial park, which will have shipbuilding and repair yards as well as factories to manufacture related equipment.
The group will also construct plants manufacturing steel plates, cranes, derricks, and thermoelectric diesel generators.
The 204ha park, which will be constructed at the Cam Thinh Dong Commune in Cam Ranh Town over three years, will be the largest industrial park to date in the province.
The Nam Cam Ranh Industrial Park will be the fifth major shipbuilding facility in Khanh Hoa Province after the Huyndai – Vinashin shipyard (HVS); a shipbuilding and heavy industry complex built by the STX group; the Nha Trang shipyard; and the Cam Ranh shipyard.