India’s shipbuilding enterprises said they would comply with the needs of the Vietnamese shipyard industry at the Maritime Industry Business Meeting in Hai Phong City on September 25.

VietNamNet Bridge - Vietnamese manufacturers say they are capable of making components or spare parts for multinational groups, but have chosen not to do so because the local market is not large enough.

 Underground commercial center awaits investors; Government-backed loans still rise despite restrictions; SOE equitisation to quicken; Shipbuilding industry sees 25-30 pct growth annually

 VietNamNet Bridge – Opinions from a well-informed circle say South Korean and Japanese “big guys” would jump into the Vietnamese shipbuilding industry. Does it mean the shipbuilding industry will be saved?

 VietNamNet Bridge – According to the state-owned shipbuilding company Vinashin’s plan to restructure and revamp, the company intends to keep only a workforce of 8,000 workers and lays off nearly 14,000 others.

The Ministry of Transport (MOT) believes that it would be better to demolish old ships and sell as scrap iron. However, the current laws don’t allow to do this.