Vinalines to build 9 seaports in 2008

The Vietnam National Shipping Line (Vinalines) will kick off the construction of 11 projects, including 9 seaport projects, said its General Director Mr. Mai Van Phuc.
These are the constructions of Van Phong international port (Khanh Hoa), the first phase of Hai Phong international port, and a new port in Hiep Phuong (Ho Chi Minh City) to prepare for the transfer from Nha Rong and Khanh Hoi Ports.

Vinaline has also established a yard to repair ships in Ba Ria – Vung Tau, Quang Ninh provinces and Hai Phong City. At present, businesses must spend hundreds million USD a year sending ships abroad to be repaired because the country is short of yards capable of repairing ships.
Vinalines spent a staggering 630 million USD on 30 new ships last year, a record for the corporation.
It is targeting 17 trillion VND (1 billion USD) in earnings this year, a year-on-year increase of 16 percent.
Last year, Vinalines earned 14.64 trillion VND while posting profits of 861 billion VND, with respective gains of 26 and 51 percent over 2006. Such impressive results saw Vinalines contribute 777 billion VND to the State budget last year.

Source: Tuổi trẻ