Posted on 22 October 2007

 

Source: Vietnam news, October 19, 2007

Viet Nam Steel Corporation on Tuesday signed a co-operation agreement with the Viet Nam National Shipping Lines (Vinalines), said Nguyen Thanh Dong, chief of Viet Nam Steel’s Committee Secretariat.

 

"Vinalines has a high-quality fleet and we have already been partners for a long time," said Dong.

 

The two sides agreed to use one another’s products in their business activities. Vinalines will use steel made by Viet Nam Steel to build and repair its vessels as well as build ports and other facilities. Viet Nam Steel will in turn use the shipping fleet and port system of Vinalines for transporting their products.

 

The two corporations will co-operate to build steel-specific ports, including the Thi Vai International Port, located on 41ha in the southern province of Ba Ria-Vung Tau. The companies also plan to set up a joint-stock company to invest in a team of vessels to be used by Viet Nam Steel to transport iron ore and other steel production materials.

 

Longer-term co-operative plans include building industrial zones and investing in real-estate, banking and labour export. — VNS

 

 

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