Mitsubishi Heavy Industries and Bach Dang Shipbuilding open factory in Vietnam

A joint venture between Mitsubishi Heavy Industries Ltd. and Vietnam's Bach Dang Shipbuilding Industry Corp. has opened a factory to produce diesel engines for vessels in Vietnam, the Ministry of Transport said Thursday.

The factory, located in Haiphong City, 100 kilometers east of Hanoi, will produce 22 engines with power capacity of between 2,600 kilowatts and 23,500 kilowatts a year, the ministry said in a statement.

The plant, the first vessel engine manufacturing facility in Vietnam, will contribute to the objective of the country's shipbuilding industry to raise local content to 60%, it said.