Business · Companies · 2 hrs ago
HD Hyundai Vietnam Shipbuilding targets 23 ships a year by 2030
HD Hyundai Vietnam Shipbuilding plans to build 23 ships a year by 2030 as it marks its 30th anniversary.
The company is in Ninh Hoa, in Vietnam’s central Khanh Hoa province, and was set up in 1996 as a joint venture between HD Hyundai and Vietnam’s state shipbuilding company.
It plans to invest $100 million to expand its docks, quay walls and other production facilities.
The company says it accounts for about 70% of Vietnam’s ship orders and more than 80% of its ship deliveries.
Its site lease has been extended until 2066, giving the company a longer period to operate there.
The 2030 target is part of a plan to expand capacity, with a longer-term goal of building 30 ships a year.
HD Hyundai Vietnam Shipbuilding plans to build the capacity to produce 23 ships a year by 2030.
The company announced the target at an event marking its 30th anniversary, held on October 15 in Ninh Hoa, Khanh Hoa province.
It plans to invest $100 million in expanding docks, quays and production facilities.
The company also aims to reach annual production of 30 ships over the medium to long term.
- Who
- HD Hyundai Vietnam Shipbuilding.
- What
- It plans to expand production capacity to 23 ships a year by 2030, with a longer-term goal of 30 ships a year.
- When
- The company announced the plan on October 15, 2026.
- Where
- Ninh Hoa, Khanh Hoa province, Vietnam.
- Why
- The company said the investment will support its growth strategy and expansion of production capacity.
This story does not have two clearly opposing sides.
HD Hyundai and Vietnam National Shipbuilding Corporation established the company as a joint venture.
The company agreed with Vietnamese authorities to extend its production-site lease by 20 years, to 2066.
The company held its 30th anniversary event and announced its production targets.
The company aims to build capacity to produce 23 ships a year.
- 2030 target
- 23 ships a year
- Long-term target
- 30 ships a year
- Planned investment
- $100 million
- Lease extension
- Production-site lease extended to 2066
- Workforce
- About 5,100 people
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What people are saying
The past 30 years of HD Hyundai Vietnam Shipbuilding are not just the growth of one company, but a history of cooperation created together by the two countries
We will continue to contribute to the development of Vietnam's shipbuilding and marine industry and further develop economic cooperation and trust between the two countries