VietNamNet Bridge – Experts have warned that Vietnam will fail to develop its shipbuilding industry if it sells Song Cam – the best and only profitable shipbuilder – to Damen company of the Netherlands.
Dutch group wants to buy 70% stake of Cam River Shipyard
The Dutch group, which is now a partner in the Song Cam Shipbuilding joint venture, has officially asked to buy at least 70 percent of the company’s shares, according to the Shipbuilding Industry Corporation (SBIC), previously known as Vinashin, which said it had reported the request to the Prime Minister and Ministry of Transport for consideration.

