An agreement for the purpose, signed Monday during a visit by Norwegian State Secretary of the Ministry of Foreign Affairs, Anne Stenhammer, envisages $1.8 million aid from the government and the rest from three leading shipyards – Det Norske Veritas, Hoegh Autoliner, and Jotun Paint.
It targets to equip state-owned shipbuilding giant Vinashin with management and quality control skills. It is also expected to help Vietnam’s shipbuilding industry attain international standards.
A Vinashin affiliate is now building eight vessels for Hoegh Autoliner at a cost of $563 million. The first will be delivered by December 2009 and the remaining in the next six months.
Vinashin and its 20 subsidiaries hope to turn Vietnam into the world’s 11th largest shipbuilding nation in the near future, up four spots in the list.
Under a Vietnam government strategy, Vinashin will build a national shipping fleet to meet domestic transport and 30 percent of transport demand for crude oil export. It has also set its sights on exports of US$1 billion by 2010.