{{Short description|Vietnamese shipbuilding holding group}} {{expand Vietnamese|date=August 2025}} {{Infobox company | name = Shipbuilding Industry Corporation | logo = SBIC Logo.png | logo_size = 120px | logo_alt = | logo_caption = | logo_padding = | native_name = {{langx|vi|Tổng Công ty Công nghiệp tàu thủy}} | former_name = Vinashin | type = State-owned enterprise | industry = Shipbuilding, Defence | predecessor = Vietnam Shipbuilding Industry Group | founded = {{Start date and age|2013|10|21}} | founder = | defunct = First quarter of 2024 (projected) | hq_location_city = Badinh, Hanoi | hq_location_country = Vietnam | area_served = Worldwide | key_people = Nguyen Ngoc Su (Chairman)<br>Cao Thanh Dong (CEO) | products = Warships, Fishing vessels, Merchant vessels, Platform supply vessels, Dredgers | services = | revenue = | revenue_year = | operating_income = | income_year = | net_income = | net_income_year = | aum = | assets = | equity = | owner = Government of Vietnam | num_employees = | num_employees_year = | subsid = | homepage = [http://sbic.com.vn sbic.com.vn] | footnotes = | intl = }} '''Shipbuilding Industry Corporation''' ('''SBIC''') is a state-owned shipbuilding holding group in Vietnam, which offers a wide variety of new building choice from merchant vessel to platform supply vessel to other custom made-to-order ships. It was established based on restructured Vietnam Shipbuilding Industry Group.
==History==
frame|right|The logo of formerly Vietnam Shipbuilding Industry Group Shipbuilding Industry Corporation's predecessor Vietnam Shipbuilding Industry Group (Vinashin) was a state-owned shipbuilding firm in Vietnam. It was one of Vietnam's leading industrial concerns, and entered into a partnership with Damen,<ref>{{Cite web|url=http://www.damen.nl/news/Damen_Vinashin_joint_venture_takes_off.aspx?mId=8565&rId=482 |accessdate=2010-09-11 |title=Damen }}</ref> Kongsberg, and Hyundai.<ref>{{Cite web|url=http://www.kongsberg.com/en/KOG/News/FeatureStories/Vinashin.aspx |accessdate=2010-09-11 |title=Vinashin: A rising giant - Kongsberg Gruppen }}</ref> Vinashin was heavily indebted,<ref>{{cite web|url=http://english.vietnamnet.vn/politics/201009/Vinashin-boss-was-suspended-at-behest-of-investigative-agency-933175/ |accessdate=2010-09-13 |title=Vinashin boss was suspended at behest of investigative agency - Politics - VietNamNet |date=2010-09-01 }}</ref> and executives have been arrested for mismanagement,<ref>{{cite web|url=https://www.wsj.com/articles/SB10001424052748704282504575470862890948230?mod=googlenews_wsj |accessdate=2010-09-13 |title=More Officials of Indebted Shipbuilder Arrested - WSJ.com |date=2010-09-13 |url-status=dead |archiveurl=https://web.archive.org/web/20100908074448/http://online.wsj.com/article/SB10001424052748704282504575470862890948230.html?mod=googlenews_wsj |archivedate=September 8, 2010 }}</ref> but it has been claimed that further restructuring would allow debts to be repaid within a year.<ref>{{cite web|url=http://www.fairplay.co.uk/login.aspx?reason=denied_empty&script_name=/secure/display.aspx&path_info=/secure/display.aspx&articlename=dn0020101221000005|accessdate=2010-12-21|title=www.fairplay.co.uk - Vinashin see debt repayment in one year}}</ref> Vinashin folded under a debt burden of $4.5 billion in 2010;<ref>{{Cite news|url=https://www.bbc.co.uk/news/world-asia-pacific-12151218|title=Vietnam's Communist Party congress faces economic test|first=Nga|last=Pham|location=Hanoi|publisher=BBC News|date=2011-01-11|accessdate=2011-01-13}}</ref> as of March 2011, it was being restructured.<ref>{{cite web|url=https://www.google.com/hostednews/afp/article/ALeqM5i-Id3cbSL0PCx627aYtu2Idl9jsw?docId=CNG.ddbecc318a6830dc31e3387a5fe56b59.1b1|accessdate=2011-03-27|title=No penalty for Hanoi ship scandal officials: govt}}{{dead link|date=June 2024|bot=medic}}{{cbignore|bot=medic}}</ref>
==Ports== Vinashin operated several ports and shipyards around Vietnam.{{Citation needed|date=March 2024}}
In August 2010, Damen Vinashin began construction on a new shipyard on a {{convert|42|hectare|acre|adj=on}} site in Haiphong.<ref>{{Cite web|url=http://www.shipbuilding-industry.eu/shipbuilding_v2/?p=2200#more-2200 |accessdate=2010-09-11 |title=Damen Builds New Shipyard in Vietnam }}</ref>
==Ships built== Vinashin constructed both merchant ships and military ships. A number of ships in the Vietnam People's Navy were built by Vinashin. <ref name="kaminco">{{Cite web|url=http://www.kaminco.com/KamincoOverseas/partners/Vinashin.htm |accessdate=2010-09-11 |title=VINASHIN |date=2009-07-02 }}</ref>
Merchant ship construction included dry cargo, tankers, lash carriers, and passenger vessels.<ref>{{Cite web|url=http://www.vinashinship.com.vn/en/home/ |accessdate=2010-09-11 |title=vinashin }}</ref>
Vinashin was the largest shipbuilder in Vietnam, accounting for approximately 80% of shipbuilding capacity.<ref name="kaminco"/>
== Bankruptcy and disbandment == Late 2023, the Government of Vietnam, under the resolution offered by the Politburo of the Communist Party of Vietnam, decided to shut down SBIC from the first quarter of 2024 by actively making SBIC and its 7 subsidiaries bankrupt. Only one subsidiary - which had an effective business and also an important joint venture with Damen - would be left surviving and to be renationalized.<ref>{{Cite web |last=Ngọc An |first= |date=2023-12-23 |title=Chính thức phá sản công ty mẹ SBIC và 7 công ty con từ quý 1-2024 |trans-title=Officially bankrupting the parent company SBIC and its 7 subsidiaries from 1Q2024 |url=https://tuoitre.vn/chinh-thuc-pha-san-cong-ty-me-sbic-va-7-cong-ty-con-tu-quy-1-2024-20231223114846473.htm |access-date=2023-12-24 |website=Tuổi Trẻ |language=vi}}</ref>
==References== {{Reflist|2}}
==External links== * {{Official website|http://sbic.com.vn}}
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Category:Manufacturing companies based in Hanoi Category:Defence companies of Vietnam Category:Shipbuilding companies of Vietnam Category:Government-owned companies of Vietnam Category:Vehicle manufacturing companies established in 2013 Category:Transport in Vietnam Category:Vietnamese companies established in 2013
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