Interested in getting acquainted with important parties from the Vietnamese shipbuilding industry? Grab your chance to join NMT’s trade mission to Vietnam! In 2017, the country held the number 10 position in the world for deliveries of ships, and currently Vietnam is in ninth place for order books per ‘builder country’. At the request of several members, NMT organizes a maritime trade mission to Vietnam from 20 to 25 March 2019, in cooperation with the Dutch embassy in Hanoi, in which we visit the regions of Hai Phong, Hanoi and Vung Tau.
The trade mission is planned ahead of the INMEX Vietnam maritime exhibition, which will take place in Ho Chi Minh from 27-29 March. The mission includes visits to various shipyards, Vietnamese government organizations and Vietnamese and Dutch companies. The mission focuses on both production opportunities and sales opportunities in Vietnam.
The Vietnamese Market
At the end of February 2018, the Vietnamese order book contained 174 seagoing vessels, of which about a third were tugs for Damen. Whilst many competitive Asian shipbuilding countries are currently struggling, Vietnam is doing well. The Vietnamese shipbuilding industry has in fact undergone a major restructuring in recent years, as a result of which the focus has shifted more to special vessels with greater added value.
The restructuring included the allowance of greater influence from foreign shipbuilders, such as Damen, Vard from Norway and Piriou from France. The joint venture of state-owned SBIC with Hyundai, the Hyundai Vinashin yard, is still running well. This yard still has orders running until the autumn of 2020. However, in terms of the number of sea-going vessels under construction, Damen is the absolute leader in Vietnam. Since 2014, Damen has owned a completely new yard in Song Cam. Tugboats and crew boats of up to 60 meters in length are being built here. Damen also has a hand in the design of various ships for the Vietnamese Coast Guard.
Vietnamese shipbuilding is also entering the cruising sector via an order at Vard Vung Tau for an expedition ship. A further shift in the production direction of this type of high-quality vessels lies in the line of intentions.
Of the domestic parties, Ha Long shipyard and Pha Rung shipyard (both of which also work with Damen) and Dung Quat Shipbuilding Industry (part of Petro Vietnam) are the biggest players in terms of output. Ha Long has recently built chemical tankers (in addition to work for Damen), while Dung Quat focuses on the construction and repair of ships and platforms for the oil and gas sector. Dung Quat is also the only shipyard in Vietnam that can build ships of more than 100,000 DWT. Until recently, the output of Vietnamese shipbuilding consisted of about 70% of bulk carriers, but given the collapse of demand in that area, they have successfully shifted their attention to other ship types, such as product tankers, crewboats, patrol boats, car carriers and fishing boats. Considering the current tensions surrounding the South China Sea, it can also be expected that the investments in the Vietnamese naval building will continue, even though the largest naval ships still come from abroad.
Finally, the Vietnamese government has started a large program to build approximately 30,000 steel fishing boats until 2020, replacing wooden boats and additionally to expand the fleet.
The costs for participation in the mission amount to € 950, – excluding VAT p.p for NMT members and € 1050, – for non-members. The costs for travel and accommodation and any other individual costs will be at your own expense. The mission (in Hanoi / Hai Phong / Vung Tau region) is free of charge for participants in the Holland Pavilion at the INMEX Vietnam trade fair.
More information & signing up
For more information, contact Marjan Lacet, Trade Promotion Manager at NMT via E email@example.com or T 088 44 51 022 of M+31 (0)6 12 42 70 62.