I talked with you the shipbuilding industry, and you switched to steel making industry; I talked with you the shrinking new ships demand is hurting every body, and you switched to "we can conquer the difficulty via harder working". Haha, what a skillful debater.
Yes, you post many pictures of the VN-made ships, but it seems that you are NOT clear of the deep difficulty that your country's shipbuilding industry is facing with!! You actually know much less than me, a Chinese that can not read Vietnamese.
Let me reveal you some cruel facts that you would NEVER hear from neither the VCP media, nor the western media. The VCP media doesn't want to tell its people the truth because the VN shipbuilding industry is seen as the core achievement of the VN industrialization; the western media doesn't report it because they simply DON'T care what is happening in your country.
Loot at the following picture. It shows the total orderbook-on-hand of the VN shipbuilding sector. A consecutive drop since 2009. Do you know what it means??
The new ships production 2015 in Vietnam is about 0.6 million GT. So if the new orders doesn't climb up (given the current global economy trend, this is the scenario with the highest probability), and the VN shipyards could just be dependent on the current orderbook, how many months you think your shipbuilding industry could sustain??
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What's even worse is your deep dependency on the Korean Shipbuilders. Hyundai Vinashin is the core shipyard in Vietnam. Actually Hyundai Vinashin owns ~70% of the total orders of the entire VN shipbuilding industry. But do you have any clue about the financial trouble the company is now facing with?
The table below shows the basic financial figures of Hyundai Vinashin, in the time order of 2012 (bottom line) to 2015 (top line). Hyundai Vinashin reported a KRW 200billion LOSS in total in the past four years (sum of the last row)!! Converted to USD, the loss is 180 million USD.
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180 million USD loss may not be a big number to Hyundai, if it could earn sufficient profits from its domestic business. But the sad news is, the sudden decline of the new ships market is KILLING Hyundai Shipbuilding. See the below table, although Hyundai targeted to gain 8.5 billion $ new orders in 2016, but its actual achievement by Sept. 2016 is just 1.2 billion $, or 14% of the original target. Do you know what is the consequence resulted by the new order decline to Hyundai? Read the news at:
Hyundai Heavy Industries Will Cut Jobs, Sell $1 Billion in Assets
So, on the one side is the loss-making subsidiary in Vietnam; on the other side is the large scale job cutting and assets sales in Korea, if you were a normal Korean that wants to protect the Korean interests, what will you respond??
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Sorry, the VN advantage you brag simply does NOT work for shipbuilding industry.