Viet Nam National Shipping Lines (Vinalines) plans to invest about US$3bil in development through 2010, Mai
The money would mostly be invested in the building and development of its flotilla, the upgrade of seaport infrastructure and the development of transport services, Phuc added.
Vinalines is currently building new ships and buying second-hand ones from foreign partners to increase its total ship capacity from 2.1mil tonnes by the end of 2007 to 2.8mil tonnes by the end of 2008, and up to 5mil tonnes by 2010.
Current ships will gradually be replaced with more modern vessels. Ships with a capacity of 25,000-30,000 tonnes will be replaced by those with 50,000-70,000 tonne capacity.
Phuc said that Vinalines would have 11 projects related to seaport infrastructure development in 2008, including Hai Phong's Lach Huyen International Seaport, HCM City's Hiep Phuoc Seaport and the second phase of the Tien Sa seaport project in Da Nang.
Regarding Vinalines' biggest seaport infrastructure project in 2008 - the construction of the Van Phong International Ship Container Terminal - Phuc recently confirmed in the Giao Thong Van Tai (Traffic and Transport) Newspaper that the project would be launched this June.
The building of Vietnam's first international ship container terminal was supposed to have started on January 25 this year, but the work was delayed to allow South Korea's Posco to build a $5bil steel mill in the vicinity.
Vinalines will also invest in upgrading Nha Rong and Khanh Hoi ports in HCM City, along with Song Han port in Da Nang, into tourism seaports with developed cargo storage systems and logistical services. In the future, Vinalines will build three logistical service centres in the north, centre and south of the country.
In order to garner proper finances for its investment projects, Vinalines plans to diversify its capital mobilisation channels, including loans from domestic and foreign financial institutions and loans from the State, building its plans to issue construction and enterprise bonds to the domestic and international markets, as well as towards establishing financial companies.
Phuc conceded that the lack of a qualified human resource department would be a challenge for Vinalines' development plans.
"Vinalines has been passive in human resource training," he said.
The corporation has set a long-term plan by co-operating with the University of Maritime for human resource training to establish a maritime human resource training centre in the central province of Nghe An.
In 2007, Vinalines had a total transported cargo of 24.9mil tonnes of cargo. Revenues reached VND14.6tril ($912.5mil), an increase of 26-51% over 2006.
By the end of 2007, the total capacity of Vinalines' flotilla was estimated at 2.1mil tonnes, accounting for about 60% of the nation's total shipping capacity.
The corporation is currently preparing to open representative office in key Vietnamese export markets such as Japan, the EU and the US. This year, the corporation is expected to complete its restructuring process.
The money would mostly be invested in the building and development of its flotilla, the upgrade of seaport infrastructure and the development of transport services, Phuc added.
Vinalines is currently building new ships and buying second-hand ones from foreign partners to increase its total ship capacity from 2.1mil tonnes by the end of 2007 to 2.8mil tonnes by the end of 2008, and up to 5mil tonnes by 2010.
Current ships will gradually be replaced with more modern vessels. Ships with a capacity of 25,000-30,000 tonnes will be replaced by those with 50,000-70,000 tonne capacity.
Phuc said that Vinalines would have 11 projects related to seaport infrastructure development in 2008, including Hai Phong's Lach Huyen International Seaport, HCM City's Hiep Phuoc Seaport and the second phase of the Tien Sa seaport project in Da Nang.
Regarding Vinalines' biggest seaport infrastructure project in 2008 - the construction of the Van Phong International Ship Container Terminal - Phuc recently confirmed in the Giao Thong Van Tai (Traffic and Transport) Newspaper that the project would be launched this June.
The building of Vietnam's first international ship container terminal was supposed to have started on January 25 this year, but the work was delayed to allow South Korea's Posco to build a $5bil steel mill in the vicinity.
Vinalines will also invest in upgrading Nha Rong and Khanh Hoi ports in HCM City, along with Song Han port in Da Nang, into tourism seaports with developed cargo storage systems and logistical services. In the future, Vinalines will build three logistical service centres in the north, centre and south of the country.
In order to garner proper finances for its investment projects, Vinalines plans to diversify its capital mobilisation channels, including loans from domestic and foreign financial institutions and loans from the State, building its plans to issue construction and enterprise bonds to the domestic and international markets, as well as towards establishing financial companies.
Phuc conceded that the lack of a qualified human resource department would be a challenge for Vinalines' development plans.
"Vinalines has been passive in human resource training," he said.
The corporation has set a long-term plan by co-operating with the University of Maritime for human resource training to establish a maritime human resource training centre in the central province of Nghe An.
In 2007, Vinalines had a total transported cargo of 24.9mil tonnes of cargo. Revenues reached VND14.6tril ($912.5mil), an increase of 26-51% over 2006.
By the end of 2007, the total capacity of Vinalines' flotilla was estimated at 2.1mil tonnes, accounting for about 60% of the nation's total shipping capacity.
The corporation is currently preparing to open representative office in key Vietnamese export markets such as Japan, the EU and the US. This year, the corporation is expected to complete its restructuring process.