Hyundai Vietnam shipbuilding company exports ships to 16 countries
The Huyndai Vietnam Shipbuilding Co.Ltd based in the central province of Khanh Hoa built and handed over 119 oil carriers weighing 35,000 – 87,000 tonnes to clients, earning a revenue of nearly 4 billion USD since 2008.
Khanh Hoa (VNA) – The Huyndai Vietnꦰam ShipbuildingCo.Ltd based in the central province of Khanh Hoa built and handed over 119 oilcarriers weighing 35,000 – 87,000 tonnes to clients, earning a revenue ofnearly 4 billion USD since 2008.
Its productshave been exported to 16 countries worldwide. Thecompany contributes over 5 million USD to the State budget each year. In 2019alone, it built and handed over 16 vessels and earned about 458 million USD,contributing 119 billion VND to the local State budget. Thisyear, it set a goal of earning 470 million USD, including signing contracts for15 ships and transferring 16 others to clients. DespiteCOVID-19 in the first half of this year, it still ensured jobs for over 5,000workers with a monthly average income of 8.6 million VND. The firm handed over seven ships with an earning of 234 million USD, meeting its target. Inorder to help residents overcome the pandemic, the company built houses,granted scholarships and notebooks to pupils in Ninh Hoa township, and studentsat Nha Trang and Thai Binh Duong universities at a cost of nearly 1 billion VND(43,400 USD). Establishedin 1999, Huyndai Vietnam Shipbuilding Co.Ltd is a joint-venture between Vietnam’sShipbuilding Industry Corporation and the Republic of Korea’s HuyndaiCorporation. After21 years of operation, it has become the leading shipbuilding factory inVietnam and the region, with an annual capacity of 20 vessels./.
Being unable to recruit skilled workers, some shipbuilding businesses currently have to hire seasonal workers, which has cost them time to provide training and greatly affected their business plans.
Vietnam National Shipping Lines (Vinalines) has developed scenarios under which they would restructure resources and reduce costs in a bid to cope with market difficulties amid negative impacts from the COVID-19 outbreaks, especially in the Chinese market.
The COVID-19 pandemic led to a downturn in global supply chains and demand for goods transport, which hit maritime shipping and shipbuilding hard worldwide. The Dung Quat Shipbuilding Industry Company Ltd (DQS), however, may be the exception, having received a host of orders locally and overseas this year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
Illustrative image (Photo: VNA) 
