HD Hyundai Vietnam expands its reach on its sea voyages.
In a momentous commemoration ceremony attended by Comrades Lam Dong, Tran Hoa Nam, Nguyen Tan Tuan, and other distinguished delegates, HD Hyundai Vietnam Shipbuilding Co., Ltd. (HVS) marked a significant milestone in its 30-year journey of formation and development. The event celebrated the company’s exceptional achievements in shipbuilding and ship repair, highlighting its pivotal role in fostering economic, trade, and investment cooperation between Vietnam and South Korea.
Building Capacity, Connecting Markets
Established on October 16, 1996, in Ninh Hoa area, HVS stands as one of the pioneering cooperation projects between Vietnam and South Korea in the shipbuilding industry. Initially focusing on ship repair, the company transitioned to new shipbuilding in 2008. Over the years, HVS has delivered approximately 210 ships with a tonnage of up to 115,000 tons to shipowners across the globe, including Japan, South Korea, Singapore, Europe, and other countries.
In 2025 alone, HVS’s ship delivery output accounted for around 80% of the country’s total output, generating revenue exceeding $670 million. With a total investment capital surpassing $351 million, HVS has emerged as the largest shipbuilding enterprise in Vietnam, a testament to the robust strategic partnership between Vietnam and South Korea.
Continued Growth and Commitment to Excellence
As HVS celebrates its 30-year legacy in Khanh Hoa, the company remains dedicated to enhancing its production capacity, nurturing human resources, and implementing management systems and technologies that align with international standards. Moreover, HVS has fostered collaborations with shipowners, customers, contractors, and suppliers both domestically and internationally, solidifying its position as a key player in Vietnam’s shipbuilding industry.
Apart from its core business activities, HVS places a strong emphasis on job creation, technical personnel training, and enabling Vietnamese businesses to engage in the supply chain. With over 5,000 employees, the company significantly contributes to the province’s export turnover, further driving industry, trade, and services in Khanh Hoa.
Looking towards the future, HVS is committed to enhancing its competitiveness, developing high-value-added vessels, and aligning its operations with global maritime trends. The company’s unwavering dedication to innovation, sustainability, and industry excellence underscores its pivotal role in shaping Vietnam’s maritime industry.
In conclusion, HVS’s 30-year journey symbolizes a testament to fruitful collaboration between Vietnam and South Korea, paving the way for a future marked by continued growth, innovation, and sustainable development in the shipbuilding sector.
