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Vinashin inaugurates $20m marine electrical cable plant

Posted on 24 May 2010

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Vinashin marine electrical cable plant with a designed capacity of 8,000 tonnes of products a year, yesterday was inaugurated. The plant, costing total $200 million, covers 45,000 sqm in Hoa Khanh Industrial Zone, Lien Chieu Dist, Da Nang

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Vinashin inaugurates $20m marine electrical cable plant

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Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making