The year 2023 is considered quite successful for a number of ship building enterprises in Hai Phong when signing contracts to build and hand over high-quality ships. Companies such as Pha Rung Ship Yard, Damen-Cam River Joint venture … reported achieving the year revenue target before the end of the year. It is expected that from 2024, the demand for replacing the old vessels will increase, which is an opportunity to promote the development of the ship building industry in Vietnam in general and in Hai Phong in particular.

The innovation of Hai Phong shipbuilding is also reflected in the cooperation with foreign ship building enterprises to both receive orders and improve the ability to adapt to new ships. With technical conditions and facilities, Hai Phong ship building industry is ready to accept new opportunities and challenges, build high quality ships, serve demanding markets, and diversify products.
To ensure production maintenance and gradual development, businesses are also focusing on investing, training human resources, innovating technology to avoid the backwardness and move forward to catch up with the market's shifting trend to different types of products which use green energy, LPG, or electricity.