Vietnam has been listed as one of the top shipbuilders in the world by Fairplay magazine in 2007. And the country's shipbuilding sector is on track to reach the top four largest in the world. Representing approximately 80% of the domestic shipbuilding capacity. Vietnam Shipbuilding industry Group (Vinashin) is the largest shipbuilder and the most active industry player in Vietnam. Vinashin offers a diversified business including shipbuilding, ship repair, shipping, heavy industry and other related services with an emphasis on core business in shipbuilding and ship repair.

Offering a wide variety of newbuilding choice from bulk carriers, container ships, oil tankers, car carriers to other custom made-to-order ships, all with sizes ranging from smaller sub-handy size to VLCCs, Vinashin can meet the hard requirements of the international Shipping community. Vinashin's order book is now in excess of 14,000,000 DWT of which 40% is for domestic market and 60% is for international markets. Key customers include many respected names from the European shipping market such as UK, Norway, Denmark, Germany, Greece, Holland, Israel, Italy, etc. to Asian customers from Japan and Korea.

Compared to major players from established shipbuilding nations like Europe, Japan and Korea, Vinashin has been considered as more flexible and adaptive to constructive terms and conditions.