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VietNamNews

Vinalines told to speed up project

Update: March, 13/2012 - 10:09

HA NOI — Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Transport to oversee work on the ship-repair complex being built by Viet Nam National Shipping Lines (Vinalines) in the south.

The project is part of the Government's master plan on developing the country's ailing ship-repair sector, according to the Government Office.

The Government hopes the complex will help to meet increasing demand for freight transport, particularly among Vinalines fleet.

Meanwhile, the Government Office stated the complex would not be allowed to operate as a fuel and chemical terminal.

Vinalines last year shipped 36.8 million tonnes of cargo, up 1 per cent against the previous year, backed by increasing export volumes of coffee, cocoa, garments, seafood and steel.

The carrier this year plans to reach a turnover of VND27.2 trillion (US$1.3 billion), a 10 per cent year-on-year increase, of which profit would account for $5.7 million.-VNS

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