Hoang Long Shipbuilding Industry is preparing a VND250 billion ($9.62 million) shipbuilding and repair facility in Thanh Hoa, Vietnam, while building 10 vessels under contracts worth about VND350 billion, Thanh Hoa’s provincial broadcaster reported on September 30.
Chairman Ngo Huu Tien said the provincial People’s Committee had approved the investment policy for the project in Quang Phu ward. The company is completing the required procedures and aims to begin construction in December 2026. The planned facility will provide a larger production space for shipbuilding and repair work.
The vessels currently under construction range from 2,500 to 4,500 tonnes. A 4,500-tonne cargo ship is being built at the company’s existing facility in Ham Rong ward.
The broadcaster also reported that Hoang Long had signed 14 newbuild contracts for vessels of 2,200–3,500 tonnes, with customers in Hai Phong, Nam Dinh, Thanh Hoa and other locations.
Revenue rose from VND62 billion in 2023 to VND138 billion in 2025, with about VND250 billion forecast for 2026. The company has a workforce of nearly 200.
Tien said the investment was intended to expand production and meet demand for large-tonnage shipbuilding.
Production at the existing yard includes cutting and shaping steel sheets using computer numerical control systems, followed by fabrication, assembly and finishing. The broadcaster described a relatively integrated production line extending from design and drawings through to vessel completion.
Thanh Hoa’s revised provincial plan for 2021–2030, with a vision to 2050, designates the Nghi Son–Le Mon area for shipbuilding and repair to be developed at industrial scale.