Quang Nam province yesterday held a ceremony to inaugurate Thien Hau Phuoc shipbuilding yard and announce a decision of the People’s Committee of Quang Nam province as recognizing the first armor factory board shipbuilding in the province. An inauguration ceremony of Thien Hau Phuoc shipbuilding yard in Quang Nam.(Photo:SGGP)
An inauguration ceremony of Thien Hau Phuoc shipbuilding yard in Quang Nam.(Photo:SGGP)
Thien Hau Phuoc shipbuilding joint-stock company is the investor of the shipbuilding yard. The project under the Government's Decree 67 to modernize fishing vessels exploitation for fishermen. The establishment of the shipbuilding yard will create favorable conditions for local fishermen of Quang Nam and Quang Ngai for fishing.
The shipbuilding factory was built at deep-water port on Truong Giang River to allow travelling heavy-loaded ships under 3, 000 tons.
At the inauguration ceremony, Thien Hau Phuoc shipbuilding joint-stock company signed the first contract with Phan Ba Tam, a resident living in Tam Giang commune, Nui Thanh district, Quang Nam with total value of VND 18 billion.