Vietnam shipyard to build vessel for Britain’s North Star
The Vard Vung Tau shipyard in southern Vietnam has held a steel cutting ceremony to start work on a service operation vessel (SOV) - a means of transport that can serve as a hotel, warehouse, workshop, or temporary home.
This will be the fourth SOV to be delivered by Norwegian shipbuilder Vard to North Star for operation on the Dogger Bank offshore wind farm in the UK's North Sea.

Vard Vung Tau shipyard in Vung Tau town, southern Vietnam. Photo courtesy of the shipyard.
The leading British infrastructure support company placed an order for four SOVs with Vard in 2021, all of which will support the world’s largest offshore wind farm, Dogger Bank, on long-term charters, according to a May 18 report by SWZ Maritime, a maritime industry magazine headquartered in the Netherlands.
The first three SOVs will commence operations this year, ahead of schedule, with the final one to be delivered in 2024, the publication said, without giving a specific date for the launch of the first three.
The total price for the orders is not known. Vard Vung Tau shipyard, located in Vung Tau town of Ba Ria-Vung Tau province, first cut steel for the fourth SOV on Monday.
SWZ Maritime said Vard designed its VARD 4 22 design, in close collaboration with Vard Design in Alesund, Norway, especially for North Star. They feature the latest hull design optimized for low fuel consumption and resistance, as well as high operability and comfort. In addition, the ships will be equipped with new methanol-ready hybrid-propulsion solutions and an increased number of single cabins, providing hotel-quality accommodation for technicians working in the field.
The fourth SOV will be 78 meters long with a beam of 19 meters and be able to accommodate 60 persons in single cabins, Offshore Engineer, a global magazine on offshore energy and technology, said on Tuesday.
The hybrid vessel will be equipped with a diesel-electric propulsion system, highly efficient main propellers, and tunnel thrusters with permanent magnetic electric motors in combination with SeaQ solutions supplied by Vard Electro in Norway. SeaQ is a modern maritime automation system.
According to the Vard Vung Tau shipyard’s website, it is a fully integrated facility capable of undertaking the entire process of shipbuilding from hull construction to final outfitting works. The shipyard is well-equipped to handle complex project management that measures up to the same international standards as more established yards in Europe.
It was established as a green-field yard in 2006, started manufacturing operations in 2008, and was officially launched in 2010.
The beach town of Vung Tau is about two hours’ drive southeast of Ho Chi Minh City, Vietnam’s economic powerhouse. It is part of Ba Ria-Vung Tau province, dubbed the country’s oil and gas hub.
Not far from Vung Tau is HCMC’s Nha Be District, home to the Piriou Vietnam shipyard, owned and operated by Piriou, a French leader in shipbuilding and ship repairs for medium-size vessels. Piriou Vietnam is finishing the cargo sailing ship Grain de Sail II for French cargo company Grain de Sail. It will be the company’s second carbon-free cargo sailing vessel.
- Read More
Vietnam to have 34 cities, provinces, instead of 63: Party chief
Vietnam plans to reduce the number of cities and provinces from the current 63 to 34, as part of a scheme to streamline its administrative apparatus, Party General Secretary To Lam said Friday.
Politics - Sat, March 29, 2025 | 4:18 pm GMT+7
Thailand’s digital ad spending predicted to grow 10% in 2025
Thailand’s online advertising spending in 2025 is forecast to grow 10% to THB35 billion (over $1 billion), based on a gradual rebound of the local economy and intense competition in the digital industry, according to the Digital Advertising Association of Thailand (DAAT).
Southeast Asia - Sat, March 29, 2025 | 3:39 pm GMT+7
US Defence Secretary reaffirms alliance commitment during visit to Philippines
U.S. Secretary of Defence Pete Hegseth reaffirmed Washington’s strong commitment to its alliance with the Philippines during his official visit to the Southeast Asian country on Friday.
Southeast Asia - Sat, March 29, 2025 | 3:32 pm GMT+7
Southern Vietnam province Tra Vinh okays five more wind power projects
Vietnam's southern coastal province of Tra Vinh has granted in-principle approvals for five wind power plant projects, with a total investment of over VND 13.8 trillion ($540 million).
Southeast Asia - Sat, March 29, 2025 | 3:29 pm GMT+7
Vietnam, South Africa eye stronger air logistics links
Vietnam and South Africa are seeking to strengthen air logistics cooperation to meet rising trade and transportation demands.
Southeast Asia - Sat, March 29, 2025 | 3:24 pm GMT+7
Net profit of Vietnam-Singapore Industrial Park nearly doubles in 2024
Vietnam-Singapore Industrial Park J.V. Co., Ltd, or VSIP, the largest industrial park developer in Vietnam, posted VND3.28 trillion ($128.37 million) in net profit in 2024, up nearly 93% year-on-year.
Industrial real estate - Sat, March 29, 2025 | 3:18 pm GMT+7
Trump Organization eyes golf course, hotel projects in Vietnam
A consortium between the Trump Organization and its partner in Vietnam plans multiple investments worth billions of dollars in golf courses, hotels and real estate projects Vietnam, Reuters quoted the consortium’s spokesman as saying.
Real Estate - Sat, March 29, 2025 | 11:06 am GMT+7
Livestock major Dabaco invests in 8.2-hectare dry port in northern Vietnam
Vietnam’s leading livestock firm Dabaco has invested in an 8.2-hectare inland container depot (ICD) in Bac Ninh province, an emerging manufacturing hub in northern Vietnam and home to a Samsung Electronics plant.
Infrastructure - Sat, March 29, 2025 | 10:51 am GMT+7
Phuong Tien Minh appointed CEO of life insurer FWD Vietnam
Hong Kong-headquartered FWD Group Holdings Limited has appointed Phuong Tien Minh as CEO of life insurer FWD Vietnam, effective Thursday, March 27.
Finance - Sat, March 29, 2025 | 10:40 am GMT+7
Vietnam's Deputy PM backs formation of free trade zone in Binh Dinh province
Vietnam’s Deputy Prime Minister Nguyen Chi Dung on Friday expressed his support for an early study of a free trade zone in Phu My Port area, the south-central province of Binh Dinh.
Economy - Sat, March 29, 2025 | 8:25 am GMT+7
Vietnam offers numerous advantages for Skoda Auto's investment: executive
Vietnam offers a range of advantages for investment by Czech automaker Skoda Auto, including its seaport system, logistics infrastructure, and skilled labor, the company’s chairman and CEO Klaus Zellmer said on Thursday.
Industries - Fri, March 28, 2025 | 7:33 pm GMT+7
Vietnam plans to cut import tax for LNG to 2%
Vietnam’s Ministry of Finance is drafting a decree on preferential import tax for some products, including a proposal of 2% tax rate for LNG.
Energy - Fri, March 28, 2025 | 4:31 pm GMT+7
AES’s $2.1 bln LNG power project needs solutions to meet deadline: Vietnam authorities
The 2,250-MW Son My 2 LNG-fired power project, invested by the U.S.'s AES and state-run Petrovietnam subsidiary PV Gas, “needs solutions” to meet its deadline.
Energy - Fri, March 28, 2025 | 4:06 pm GMT+7
Over $9 bln pledged for investment projects in central Vietnam province Binh Dinh
Binh Dinh province on Friday handed over MoUs on investment cooperation, in-principle approvals and investment registration certificates to 62 projects worth over VND231 trillion ($9.03 billion).
Industries - Fri, March 28, 2025 | 4:05 pm GMT+7
Vietnam's giant Vingroup eyes mullti-billion-dollar renewable, LNG power projects
Vietnam's leading private conglomerate Vingroup is seeking the government's permission to develop seven renewable energy projects worth $20-25 billion and a $5.5 billion LNG-fired power project from 2025-2030.
Energy - Fri, March 28, 2025 | 1:09 pm GMT+7
While the buzz around a market upgrade is back, who is this milestone for?
A key issue for the Vietnamese stock market is the underdevelopment of the institutional investor base. The dominance of retail investors can create heightened volatility, which, in turn, reduces the incentive for high-quality companies to list on the stock exchange, writes Gary Harron, head of securities services at HSBC Vietnam.
Consulting - Fri, March 28, 2025 | 10:31 am GMT+7