Hyundai Vietnam shipbuilding company exports ships to 16 countries
The company contributes over $5 million to the State budget each year. In 2019 alone, it built and handed over 16 vessels and earned about $458 million.
The Huyndai Vietnam Shipbuilding Co based in the central province of Khanh Hoa built and handed over 119 oil carriers weighing 35,000-87,000 tonnes to clients, earning a revenue of nearly US$4 billion since 2008.
Its products have been exported to 16 countries worldwide.
The company contributes over $5 million to the State budget each year. In 2019 alone, it built and handed over 16 vessels and earned about $458 million, contributing VND119 billion ($5.1 million) to the local State budget.
This year, it set a goal of earning $470 million, including signing contracts for 15 ships and transferring 16 others to clients.
Despite the impact of COVID-19 in the first half of this year, the firm handed over seven ships, earning $234 million, meeting its target.
Established in 1999, Huyndai Vietnam Shipbuilding Co is a joint-venture between Viet Nam’s Shipbuilding Industry Corporation and South Korea’s Huyndai Corporation. — VNS
