{
  "id": 16530109,
  "title": "Vietnam’s shipbuilding industry needs a boost to venture further out to sea",
  "url": "https://urgent.news/2026/10/25/vietnams-shipbuilding-industry-needs-a-boost-to-venture-further-out",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-25T22:00:32.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/vietnams-shipbuilding-industry-needs-a-boost-to-venture-further-out-to-sea/"
  },
  "original_language": "en",
  "account": "Vietnam's shipbuilding industry is seeking to expand its reach further out to sea, with orders from partners in South Korea, the Netherlands, and other markets. The company is constructing larger vessels, with a 13,000 DWT oil and chemical tanker recently completed at Pha Rung Shipyard. This is part of a series of 10 such tankers for a South Korean shipowner, with contracts and memoranda of understanding for another 10 6,500 DWT vessels until 2030.\n\nNam Trieu Shipyard has also made significant strides, constructing two 65,000-ton cargo ships, a 2,300m³ dredger for IHC (Netherlands), and a 9,300m³ oil tanker for a domestic customer. The shipyard's Chief Executive, Mr. Tran Van Manh, emphasizes a focus on export vessel lines, particularly service vessels with high technical requirements. Global markets, including Europe and China, are showing interest in Vietnam's capabilities for small vessel and service vessel construction.\n\nThese high-value orders present opportunities for Vietnam's shipbuilding industry to upgrade its capabilities. However, this requires support from the State through credit mechanisms, investment incentives, and policies to develop supporting industries. The high-value orders also come with stricter technical specifications, quality, safety, and timeline requirements, as well as a greater workforce. Efficiency is not solely determined by unit price but also by the ability to control costs and increase productivity.\n\nVietnam's shipbuilding industry has a capacity to build approximately 1.23 million tons of new ships and repair approximately 654,000 tons annually, employing nearly 10,000 workers. With the right support, these businesses can invest in modern technology, improve product quality, and penetrate deeper into the international market, enhancing their competitiveness and contributing to sustainable competitiveness.",
  "summary": "Orders from South Korean and Dutch partners, as well as for offshore engineering service vessels, open up new avenues for Vietnam’s shipbuilding industry. However, appropriate support policies are needed to enable businesses to invest systematically and meet the increasingly high demands of the market. In October, at the Pha Rung Shipyard, the factory resembled a ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}