Vietnam Shipbuilding Industry
am INVESTMENT
IN
VIETNAM SHIPBUILDING INDUSTRY
1. INTRODUCTION
Now-a-days to transport a finished goods or product via ship is very cheaper & convenient. As a result recently the industry of shipbuilding is flourished. So we want to make our FDI into a shipbuilding industry.
To make a FDI we select Vietnam as our host country. Vietnam is rapidly emerging as a new center of economic growth in South-east Asia. Foreign investors seek business opportunities in both the domestic market of over 80 million potential consumers, and in low cost production sites. North American and European investors are in particular eyeing the domestic markets while investors from neighboring countries such as Taiwan are to a higher degree using Vietnam as an export base Vietnam’s young population – 95% are younger than 65 – is eager to explore Western consumer goods, and present a huge potential market for foreign investors. The high economic growth of the 1990’s, on average 7.3% annually, is expected to continue, suggesting an even larger market in the future. International integration, notably the membership in the ASEAN Free Trade Area (AFTA), and the anticipated membership in the WTO facilitate access to this attractive market.
Vietnam is the country with the coastal line of 3,260 km in length, close to internationally important marine routes. Its weather and natural condition are profitable for the development of marine shipping and commerce. Among which, the marine system with the “key’ position plays important role in the developing of the shipping and marine services.
Nowadays, Vietnam has 266 great and small quays in 24 provinces, in coastal regions, among which they are mainly small ports (picking up ships below 10.000 DWT) and there are some great ports which are capable of accepting great weight from 10,000 DWT to 40,000 DWT such as Cai Lan Port, Hai Phong Port, and Saigon Port.
So, for these reason investment in VIETNAM on shipping industry is
IN
VIETNAM SHIPBUILDING INDUSTRY
1. INTRODUCTION
Now-a-days to transport a finished goods or product via ship is very cheaper & convenient. As a result recently the industry of shipbuilding is flourished. So we want to make our FDI into a shipbuilding industry.
To make a FDI we select Vietnam as our host country. Vietnam is rapidly emerging as a new center of economic growth in South-east Asia. Foreign investors seek business opportunities in both the domestic market of over 80 million potential consumers, and in low cost production sites. North American and European investors are in particular eyeing the domestic markets while investors from neighboring countries such as Taiwan are to a higher degree using Vietnam as an export base Vietnam’s young population – 95% are younger than 65 – is eager to explore Western consumer goods, and present a huge potential market for foreign investors. The high economic growth of the 1990’s, on average 7.3% annually, is expected to continue, suggesting an even larger market in the future. International integration, notably the membership in the ASEAN Free Trade Area (AFTA), and the anticipated membership in the WTO facilitate access to this attractive market.
Vietnam is the country with the coastal line of 3,260 km in length, close to internationally important marine routes. Its weather and natural condition are profitable for the development of marine shipping and commerce. Among which, the marine system with the “key’ position plays important role in the developing of the shipping and marine services.
Nowadays, Vietnam has 266 great and small quays in 24 provinces, in coastal regions, among which they are mainly small ports (picking up ships below 10.000 DWT) and there are some great ports which are capable of accepting great weight from 10,000 DWT to 40,000 DWT such as Cai Lan Port, Hai Phong Port, and Saigon Port.
So, for these reason investment in VIETNAM on shipping industry is
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