The Shipbuilding Industry Corporation (SBIC) has risen from a proverbialshipwreck after an active restructuring and is now ready to sail,stated Chairman of the firm’s member council Nguyen Ngoc Su.
So far, the reform process of the SBIC – formerly known as Vinashin –is on the right track, having restructured 135 million USD of foreigndebt and 16.61 trillion VND (790.95 million USD) of domestic debt, hesaid.
Su revealed that during this year, the SBICplans to restructure its remaining debt of about 10 trillion VND (470million USD).
Currently, the firm has 16,500employees, a sharp decrease from 33,184 in 2010, said Su, adding that in2014 alone, the SBIC laid off more than 4,000 staff.
As of the outset of this year, the SBIC has completed the reform of100 subsidiaries and is striving to reshuffle 152 others, he declared.According to the restructuring plan for Vinashin, the corporation willultimately have one parent company and eight subsidiaries.
Last year, the SBIC equitised two out of the eight member companiesand the remaining six are to complete the process this year.
He noted that foreign investors have become increasingly interested inshipbuilding companies, opening up opportunities for these companies tocollaborate with foreign partners in finance, technology and marketshare.
Vu Anh Minh, Head of the TransportMinistry’s Department for Enterprise Management, said collaborating withforeign partners is a strong solution for the SBIC, as fruitfuloutcomes have resulted from cooperation between the firm’s subsidiariesand a number of partners, including Samsung, Damen and Veka.
In 2015, the SBIC is set to generate total revenue of over 7.2trillion VND (343.8 million USD), including over 4.72 trillion VND fromshipbuilding and 375 billion VND from repair services.
Last year, the SBIC delivered 76 ships, including 33 to foreign clients.-VNA
So far, the reform process of the SBIC – formerly known as Vinashin –is on the right track, having restructured 135 million USD of foreigndebt and 16.61 trillion VND (790.95 million USD) of domestic debt, hesaid.
Su revealed that during this year, the SBICplans to restructure its remaining debt of about 10 trillion VND (470million USD).
Currently, the firm has 16,500employees, a sharp decrease from 33,184 in 2010, said Su, adding that in2014 alone, the SBIC laid off more than 4,000 staff.
As of the outset of this year, the SBIC has completed the reform of100 subsidiaries and is striving to reshuffle 152 others, he declared.According to the restructuring plan for Vinashin, the corporation willultimately have one parent company and eight subsidiaries.
Last year, the SBIC equitised two out of the eight member companiesand the remaining six are to complete the process this year.
He noted that foreign investors have become increasingly interested inshipbuilding companies, opening up opportunities for these companies tocollaborate with foreign partners in finance, technology and marketshare.
Vu Anh Minh, Head of the TransportMinistry’s Department for Enterprise Management, said collaborating withforeign partners is a strong solution for the SBIC, as fruitfuloutcomes have resulted from cooperation between the firm’s subsidiariesand a number of partners, including Samsung, Damen and Veka.
In 2015, the SBIC is set to generate total revenue of over 7.2trillion VND (343.8 million USD), including over 4.72 trillion VND fromshipbuilding and 375 billion VND from repair services.
Last year, the SBIC delivered 76 ships, including 33 to foreign clients.-VNA
