Established in 2007, Doosan Vina is setting long-term corporate goals and longing to contribute to the development of the heavy industry in Vietnam, a reporter of Vietnam Business Forum talks to Mr. Cho Bong Jin, General Director of Doosan Heavy Industries Vietnam (Doosan Vina).
Doosan Vina is now the largest-scale foreign invested project in the heavy industry in Vietnam; could you please share with us the investment scale & production capacity of Doosan Vina?
Doosan Vina – a group of business units (power plant facilities manufacturer) – is jointly established by Doosan Heavy Industries & Construction Co., Ltd and Doosan Mecatec Co., Ltd (under Doosan Group – a leading Korean heavy industries corporation) in Dung Quat Economic Zone, Quang Ngai Province. We have invested approximately US$ 300 million in Vietnam. Apart from 5 main business units, we have invested in building a 12 hectare designated pier & port facility. This port can receive 30.000 to 50.000 DWT vessels. In addition, Doosan Vina also invested in constructing a dormitory for workers and an apartment for experts at Van Tuong new urban area. After 2 years of implementation and 9 months of official operation, all 5 business units are put into operation including boiler, Heat Recovery Steam Generator (HRSG), Material Handling Equipment (MHE), Desalination Plant and Chemical Equipment Processing (CPE).
Could you please introduce the main products of Doosan factories as well as consumption ability in the market?
Boiler plant manufactures the core part of thermal power plants regardless of using various fossil fuels including coal or oil/gas. HRSG helps enhance productivity of thermal power plants to 30%. With an average of 400 HRSG consumed worldwide per year, the demand is very high. According to McCoy Reports, Doosan’s products are high ranking in the list and promise many bright prospects in the future. Production of material handling equipment and container handling cranes meet the huge demand of transportation in the world, around 30.000 vessels per day. All 5 Doosan business units are equipped with the state of the art technology, some valued at US$ millions.
Doosan products are exported to many countries, is any product or equipment produced by Doosan Vina used at Dung Quat Refinery or at other industry facilities in Vietnam?
Many of our products are exported to United Arab Emirates and Brazil. It is expected in 2009 that our export turn-over will reach US$ 200 million. Doosan Vina singed a contract with Siemens (Germany) to manufacture and provide 2 boilers, valued at US$ 70 million, to Nhon Trach II thermal power plant. For Dung Quat Refinery, Doosan Vina has limited contribution because we started operations when Dung Quat Refinery was almost completed. In addition, some other power plants are showing their interest in our products; hopefully, contracts will be signed in the near future. Doosan Vina is making efforts to be the most prestigious address in the Vietnam heavy industries industry, especially in electricity, water, chemical, oil and gas, etc.
Initial results are very positive, especially during the global economic turmoil. According to you, what is the reason for this success?
We have received full support from Quang Ngai Government as well as assistance from Dung Quat Economic Zone’s management Board in the whole process of project implementation. Because “Doosan Vina project matches the development strategy of the mechanical sector in Vietnam, it plays a key role in the development of the country. I think that heavy industries manufacture is a focus of the Vietnam mechanical sector and needs to be prioritized,” said Hoang Trung Hai, Deputy Prime Minister of Socialist Republic of Vietnam at the inauguration ceremony of Doosan Vina dated May 15, 2009.
Human resource is the most concerned issue of foreign investors, how does Doosan Vina deal with this?
Now, our workers total around 1,800, of which 93% are local people. Most of our workers are recruited from Dung Quat Economic Zone’s training centers such as vocational training school, training centers for welders and other centers in the province. Most of them are retrained at Doosan Vina. We also attracted many management specialists from universities from the Central Area. For me, most of our staffs are young, studious, eager to learn, talented and devoted. This is a big force driving Doosan Vina to new heights of development in the future.
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