STX Group's three flagship companies, STX Corp , STX Shipbuilding Co and STX Engine, will invest in the project, said a spokesman from the heavy industry and shipping-focused business group.
The group has won the Vietnamese government's approval to set up a unit, STX-VINA Heavy Industry, which will mostly focus on offshore plant construction. It is yet to be decided whether STX Group would build ships from the Vietnam unit, the spokesman added.