Japan’s Oshima Shipbuilding Company has got its investment license to build a shipyard with a total registered capital of VND3.78 trillion (more than US$180 million) in the south-central province of Khanh Hoa.
The yard, which will be built in two phases and operate in 50 years, will be situated on a 304 ha site in Cam Thinh Dong commune in Cam Ranh town.
It will take four years to finish infrastructure construction and install all necessary facilities.
In the first phase, the Oshima Shipbuilding Company is expected to build 12 vessels each year, with a tonnage of between 38,000 and 56,000, using the latest technology.
On entering the second phase, the shipyard will be able to turn out as many as 24 ships a year.
Once in full operation, the shipyard will employ 3,000 local workers.
Source : VNA/VOV online