Vinashin resumes construction of Cua Viet Shipyard
Thursday, 05 Nov 2009
Nhan Dan newspaper reported that Vinashin Business Group will continue a project to build Cua Viet Shipyard in the central province of Quang Tri after a delay due to financial difficulties.
Vinashin announced last year that it would spend VND 1.5 trillion on rebuilding the Cua Viet seaport in the central Quang Tri province. It had planned to turn Cua Viet into a 300 to 400 hectare port complex with a shipyard, ecotourism facilities, a golf course and a wharf to accommodate 100,000 tonne ships.
As part of financial restructuring it is thought that anything non core such as ecotourism facilities and golf courses will have been ditched to get the project back on track.
