Vietnam needs $2.5 bln for shipbuilding industry through 2010

The Vietnam Shipbuilding Industry Corporation (Vinashin) said it needs VND40 trillion (US$2.5 billion) to carry out projects under the strategy of $1-billion in ship exports to 2010.

To meet the export target within five years, Vinashin plans to invest in building and upgrading infrastructure of 10 large shipyards to make them capable of building 3,000-10,000 ton ships.

It also plans to build seven shipyards, six shipbuilding industrial parks and seven shipbuilding industrial complexes throughout Vietnam.