The licence for the US$180 million project in Cam Ranh City's Cam Thinh Dong Commune was granted to Oshima Shipbuilding Viet Nam Ltd (Japan) in 2012.— Photo baokhanhhoa

HCM CITY (Biz Hub)— Deputy PM Hoang Trung Hai has agreed in principle to include a shipbuilding facility in Khanh Hoa Province in the country's masterplan for the industry.

The licence for the US$180 million project in Cam Ranh City's Cam Thinh Dong Commune was granted to Oshima Shipbuilding Viet Nam Ltd (Japan) in 2012.

The 50-year project will develop a shipbuilding facility that can build 38,000 and 56,000 tonne vessels.

Oshima is scheduled to start construction of the 304ha facility in February 2015 after three years of site clearance and ground filling.

When construction is completed in 2017, the facility will employ some 3,000 local workers.

The new plant, set to start operations in 2017, will be able to build twenty four vessels per year by 2026.

Deputy PM Hai has asked the Transport Ministry to expedite work on the development masterplan for the shipbuilding industry and submit it to the Government soon. — VNS