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
Thaco's agri arm seeks to expand $44 mln cattle project in central Vietnam
Truong Hai Agriculture JSC (Thaco Agri), the agriculture arm of conglomerate Thaco, looks to aggressively expand its flagship cattle farming project in the central Vietnam province of Gia Lai.
Industries - Wed, November 19, 2025 | 9:56 am GMT+7
Japan food major Acecook eyes new plant in southern Vietnam
Acecook, a leading instant noodle maker with 13 plants operating in Vietnam, is studying a new project in the southern province of Tay Ninh.
Industries - Wed, November 19, 2025 | 9:39 am GMT+7
Vietnam’s largest Aeon Mall to take shape in Dong Nai province
Authorities of Dong Nai province, a manufacturing hub in southern Vietnam, on Monday awarded an investment registration certificate to Japanese-invested Aeon Mall Vietnam Co., Ltd. for its Aeon Mall Bien Hoa project.
Industries - Tue, November 18, 2025 | 8:17 pm GMT+7
Police propose prosecuting Egroup CEO Nguyen Ngoc Thuy for fraud, bribery
Vietnam’s Ministry of Public Security has proposed prosecuting Nguyen Ngoc Thuy, chairman and CEO of Hanoi-based education group Egroup, along with 28 others, for fraud to appropriate property, giving bribes, and receiving bribes.
Society - Tue, November 18, 2025 | 4:01 pm GMT+7
Singapore-backed VSIP eyes large urban-industrial complex in southern Vietnam
A consortium involving VSIP, a joint venture between local developer Becamex IDC and Singapore’s Sembcorp, plans a large-scale urban-industrial development named the "Moc Bai Xuyen A complex along the Tay Ninh-Binh Duong economic corridor in southern Vietnam.
Industrial real estate - Tue, November 18, 2025 | 2:38 pm GMT+7
Aircraft maintenance giant Haeco to set up $360 mln complex in northern Vietnam
Hong Kong-based Haeco Group, Vietnam's Sun Group, and some other partners plan to invest $360 million in an aircraft maintenance, repair and overhaul (MRO) complex at Van Don International Airport in Quang Ninh province - home to UNESCO-recognized natural heritage site Ha Long Bay.
Industries - Tue, November 18, 2025 | 2:13 pm GMT+7
Thai firm opens 20,000-sqm shopping center in central Vietnam hub
MM Mega Market Vietnam (MMVN), a subsidiary of Thailand's TCC Group, on Monday opened its MM Supercenter Danang, a 20,000 sqm commercial complex with total investment capital of $20 million, in Danang city.
Real Estate - Tue, November 18, 2025 | 12:20 pm GMT+7
Vietnam PM asks Kuwait fund to expand investment in manufacturing, logistics, renewable energy
Prime Minister Pham Minh Chinh on Monday called on the Kuwait Fund for Arab Economic Development (KFAED) to strengthen cooperation with Vietnam, particularly in the areas of industrial production, logistics, renewable energy, green economy, and the Halal ecosystem.
Economy - Tue, November 18, 2025 | 11:53 am GMT+7
Thai dairy brand Betagen to build first plant in Vietnam
Betagen, a famous Thai dairy brand, plans to build its first manufacturing plant in Vietnam, located in the southern province of Dong Nai.
Industries - Tue, November 18, 2025 | 8:49 am GMT+7
Banks dominate Vietnam's Q3 earnings season, Novaland posts biggest loss
Banks accounted for more than half of the 20 most profitable listed companies in Vietnam’s Q3/2025 earnings season, while property developer Novaland recorded the largest loss.
Finance - Tue, November 18, 2025 | 8:24 am GMT+7
Highlands Coffee posts strongest quarterly earnings in 2 years on robust same-store sales
Highlands Coffee, Vietnam’s largest coffee chain, delivered its best quarterly performance in two years, with Q3 EBITDA exceeding PHP666 million ($11.27 million), parent company Jollibee Foods Corporation (JFC) said in its latest earnings report.
Companies - Mon, November 17, 2025 | 10:21 pm GMT+7
Hong Kong firm Dynamic Invest Group acquires 5% stake in Vingroup-backed VinEnergo
VinEnergo, an energy company backed by Vingroup chairman Pham Nhat Vuong, has added a new foreign shareholder after Hong Kong–based Dynamic Invest Group Ltd. acquired a 5% stake, according to a regulatory filing on Saturday.
Companies - Mon, November 17, 2025 | 9:52 pm GMT+7
Thai giant CP’s Q3 Vietnam revenue drops 20% as hog prices slump
Thailand’s Charoen Pokphand Foods PCL (CPF) reported a sharp downturn in its Vietnam business in Q3, making the country its only major market to contract.
Companies - Mon, November 17, 2025 | 4:16 pm GMT+7
Surging demand for gas turbines tightens supply chains, extends lead times: Siemens Energy
Demand for gas turbines is rising rapidly, especially in regions with a surge in data center development, tightening supply chains and extending lead times - factors that investors must closely track during project preparation, according to Siemens Energy.
Companies - Mon, November 17, 2025 | 1:34 pm GMT+7
Novaland completes first phase of restructuring, targets 'returning to growth' from 2027
Novaland, a leading real estate developer in Vietnam, said it has completed the first phase of its multi-year restructuring plan and aims to finish the entire program by end-2026, positioning the company to return to growth from 2027.
Companies - Mon, November 17, 2025 | 12:26 pm GMT+7
Vietnam's property developer Regal Group to list shares on HCMC bourse in Q4
Regal Group JSC, a property developer based in the central city of Danang, has applied to list its 200 million RGG shares on the Ho Chi Minh City Stock Exchange (HoSE) in Q4/2025.
Real Estate - Mon, November 17, 2025 | 10:52 am GMT+7




















