Vinashin explanation to the press

vinashin-explanantionOne Vinashin senior officer told Vietnam News  today that the text of six pages signed by managing director of General Tran Quang Vu sent to the Central Department of Propaganda, Ministry of Information and Communications , Association of Journalists of Vietnam and the press bodies is made by a direct, rather than Vinashin explanation "for his own exculpation".

In the four issues is required explanation: about 105,000 tons of shipbuilding and oil, floating oil storage FSO5 slow, not console; about the lack of capital; about not paying the debt for the B in Hai Ha economic zone; on the investment train line running Lotus North - South, leaders said that Vinashin has made "misunderstandings" in the link provided subjective responsibility for this Group.

Slow handover as "cautious"

In explaining the first problem, of Vinashin said product storage FSO5 oil and crude oil tankers of 105,000 tons of large tonnage products, features high-tech and very complex. The world only a few industrial countries and developing new plays is sometimes a problem happening.

Meanwhile, Vinashin actually invest in infrastructure for almost 5 years with about $ 1 billion, forces of science, management and skilled workers ... also in the process of training. Therefore, Vinashin said that the slow deployment, not to hand over the two products is because corporations must be "vigilant" in the process of closing products.

"When the product was first big play in Vietnam, to have the technology and experience required time, to have the adjustment and revise the ...", written by Vinashin said.

Lack of capital for the Government?

Explanation of the problem of capital shortage, causes the Vinashin indicates that the newly formed corporation, state legal capital invested very little time, not adequate to the task assigned, should corporations own borrowers to invest.

The use of $ 750 million loan by the Ministry of Finance and $ 600 million of foreign countries, according to calculations of Vinashin, only approximately 40% to meet investment needs has been approved by the government to corporations.

In addition, the contracts require more capital for shipbuilding, ship owners only response is a cause Vinashin to borrow more working capital from commercial banks.

Stories do not deny the lack of capital, with the number of commercial bank debt until the end of 2008 that some 19,885 billion listed in the press recently, Vinashin said the Government had directed to remove difficulties corporation.

Song in fact, from September 2008 to date, Vinashin has not received any financial resources of the state, nor to issue bonds in domestic and foreign any stage (including the Government's stimulus package), text of Vinashin said.

Meanwhile, the commercial banks in the country by the difficulties in implementing loans and financial policy in the direction of tightening, the same "turned" with Vinashin.

Ppoor in exploiting the ships due to... social awareness

Investment ship Lotus 1300 billion as a Tool to lie if the press, Vinashin said that this is the task assigned by the Government with the aim of building transportation of passengers and cargo high-speed coast, to make strategy of economic development in the sea ...

Vinashin to invest that water transport North - South takes less time, low investment over dozens of times over the railway development but must invest at least 3-4 pairs of vessels, speed 25-30 knots per hour, along with three passengers and cargo port in Ha Long, Chan May and Ho Chi Minh City promote the efficient new projects.

"As society has not fully realize the advantages of the method Vietnamese transport should corporations have to invest a test train, draw experience and make the market, make a habit ... but they are investing crisis economy should pause and corporations will restart when more favorable conditions, "explains the text of Vinashin.

Debit side B: Not related

On debt is not paid for the Economic Zone B in Hai Ha, Vinashin said corporation is one of six large state enterprises with project implementation, accounting for 20% stake in the Company Stock Investment and Development Hai Ha economic zone. So, what is legal here is because this company is responsible.

The payment, by check of the relevant division, is still some obstacles to determining the volume, value ... should not be paid. "For example, means not leveled correctly, some supplies, materials, petroleum is not actually the true cost B ...", written by Vinashin said.

* Also in the text explanation yesterday, Vinashin announced, although 15% of contract value of the partnership was canceled, but jobs are still guaranteed to end 1012 with over $ 4 billion. So far, the corporation has achieved total output value of nearly 21.6 trillion VND; value turnover reached 16.5 trillion VND on. Estimated end of this year, production growth business Vinashin will reach the 12% compared with 2008.

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