Aalborg signs ship building cooperation agreement with VINASHIN

Denmark Boiler Company Aalborg and Vietnam Shipbuilding Industry Corporation (VINASHIN) have recently signed an agreement on ship building cooperation in Vietnam.
     Accordingly, the two sides will form a Hai Phong based venture company with an investment capital of US$ 3 million since the fourth quarter of this year. The first products are scheduled to finish in 2005.
     This is one of programmes aimed localizing ship industry with the target of 60% by the year 2010.