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You are here: Home Archive 2009 Mar 12 Vietnamese yards: can they survive the global downturn?

Vietnamese yards: can they survive the global downturn?

by Obsidian last modified Mar 12, 2009 12:00 AM

Vietnamese shipbuilding has attracted a lot of attention over the last few years for taking advantage of the tight capacity in major shipbuilding nations and breaking into the international export market.

But as the global downturn takes hold there are now questions being raised over how sustainable the industry's growth really is.

Vietnam Shipbuilding Industry Group said recently that it expects to export US$1bn worth of ships this year, up...

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