Under the contracts, the corporation will build three 105,000-tonne ships for the Vietnam Oil and Gas Group and twenty-two 54,000-tonne ships for the Ocean Transport Company and its foreign partners.

As scheduled, the corporation will launch one 104,000-tonne ship by June 2009 and one 105,000-tonne ship by the end of this year.

According to deputy general director Dinh Tien Dung, his corporation call up engineers from northern shipyards and train staff in order to fulfill the recently-signed contracts. It will also speed up infrastructure development, upgrade facilities, invest more in production and improve the professional skills of its staff in line with international standards.