Hyundai - Vietnam Shipbuilding

What Hyundai - Vietnam Shipbuilding does

HD Hyundai Vietnam Shipbuilding Co., Ltd (HVS) is a Vietnam-headquartered enterprise shipbuilder that operates as a subsidiary of South Korea's HD Hyundai group. The company constructs mid-size commercial vessels at its shipyard facility in Ninh Hoa, Khanh Hoa Province, with additional regional offices in Hanoi and Ho Chi Minh City. Its current product line spans twelve standardized vessel classes: product/chemical tankers from 39,000 to 75,000 deadweight tonnage (DWT) and bulk carriers from 37,000 to 87,000 DWT, all built under formal safety, health, environment, and quality management frameworks.

The underlying technology stack centers on capital-intensive dock, quay, and equipment infrastructure at the Khanh Hoa yard, with process discipline and engineering know-how inherited and reinforced through HD Hyundai's global shipbuilding organization. Differentiation rests on accumulated construction capability across multiple vessel classes, alignment with international maritime safety and class-society standards, and the Hyundai brand rather than on proprietary software or novel technology platforms. This is fundamentally a heavy-industrial manufacturing operation rather than a software or AI-defined business.

HVS earns revenue via long-cycle, project-based shipbuilding contracts negotiated directly with global shipping companies and bulk cargo operators. Each vessel represents a one-time, multi-million-dollar enterprise sale, with production and delivery measured in years from order to handover. The go-to-market motion is enterprise field sales targeting commercial owners of liquid and dry-bulk fleets. Pricing is not publicly disclosed; the company is privately held with no stock exchange listing, and operates as a wholly-controlled subsidiary under the HD Hyundai parent.

Name

Hyundai - Vietnam Shipbuilding

Legal name

HD HYUNDAI VIETNAM SHIPBUILDING Co., Ltd

Website

https://hvs.com.vn

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

HD Hyundai Vietnam Shipbuilding (HVS) is a Vietnam-based shipbuilding subsidiary of South Korea's HD Hyundai, constructing product/chemical tankers (39K–75K DWT) and bulk carriers (37K–87K DWT) for global shipping companies and bulk cargo operators at its Khanh Hoa Province shipyard.

Ownership category

akta.pro rank

Product category

Commercial Shipbuilding

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (3366)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Bulk Carrier Shipbuilding (Dry Bulk: Capesize/Panamax/Handysize) (IMAJAAAA)

akta.pro secondary industry

Chemical Tanker Shipbuilding (IMAJAAAF)

Keywords

• Commercial shipbuilding
• Chemical tanker construction
• Bulk carrier construction
• Maritime vessel manufacturing
• Shipyard services

Headquarters

HQ city

Khanh Hoa Province

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D

Revenue model

1. Shipbuilding Contracts: Revenue generated from building custom commercial vessels including chemical tankers and bulk carriers. Shipbuilding is a project-based, capital-intensive business with long production cycles and one-time large transactions per vessel.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

HD Hyundai Vietnam Shipbuilding constructs commercial vessels at its shipyard in Khanh Hoa Province, Vietnam, producing Product/Chemical Tankers ranging from 39K to 75K deadweight tonnage and Bulk Carriers ranging from 37K to 87K deadweight tonnage. Vessels are built to international maritime safety and quality standards and delivered to global shipping companies and bulk cargo operators under negotiated, project-based contracts.

Product overview

HD HYUNDAI VIETNAM SHIPBUILDING (HVS) operates as a shipbuilding company that constructs commercial vessels based on stringent quality and safety standards. The company's product portfolio consists of two main vessel types: Product/Chemical Tankers (ranging from 39K to 75K deadweight tonnage) designed for chemical cargo transport, and Bulk Carriers (ranging from 37K to 87K deadweight tonnage) designed for dry bulk cargo. These vessels are built across multiple size categories to serve different commercial shipping requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Product/Chemical Tanker (39K PC) Product/Chemical Tanker with 39,000 deadweight tonnage capacity designed for transporting chemical cargo, constructed to international maritime safety and quality standards for commercial shipping companies.
• Product/Chemical Tanker (49K PC) Product/Chemical Tanker with 49,000 deadweight tonnage capacity for chemical cargo transport, built for commercial shipping companies requiring reliable vessel performance.
• Product/Chemical Tanker (50K PC) Product/Chemical Tanker with 50,000 deadweight tonnage capacity for chemical cargo transport, constructed at the Khanh Hoa shipyard under HD Hyundai quality systems.
• Product/Chemical Tanker (75K PC) Largest Product/Chemical Tanker class with 75,000 deadweight tonnage capacity for chemical cargo transport, serving commercial shipping companies and maritime operators.
• Bulk Carrier (37K BC) Bulk Carrier with 37,000 deadweight tonnage capacity for transporting dry bulk commodities such as coal, iron ore, and grain.
• Bulk Carrier (56K BC) Bulk Carrier with 56,000 deadweight tonnage capacity for transporting dry bulk commodities across global shipping routes.
• Bulk Carrier (60K BC) Bulk Carrier with 60,000 deadweight tonnage capacity for dry bulk cargo transport, built for bulk cargo operators.
• Bulk Carrier (61K BC) Bulk Carrier with 61,000 deadweight tonnage capacity for dry bulk commodity transportation for bulk cargo operators.
• Bulk Carrier (63K BC) Bulk Carrier with 63,000 deadweight tonnage capacity for transporting dry bulk commodities such as coal, iron ore, and grain.
• Bulk Carrier (81K BC) Bulk Carrier with 81,000 deadweight tonnage capacity for large-scale dry bulk commodity transport, serving bulk cargo operators globally.
• Bulk Carrier (82K BC) Bulk Carrier with 82,000 deadweight tonnage capacity for transporting dry bulk cargo across global shipping routes.
• Bulk Carrier (87K BC) Largest Bulk Carrier class with 87,000 deadweight tonnage capacity for high-volume dry bulk commodity transportation.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• HD Hyundai (Parent Company)coreStrategic or Co-development PartnerHD Hyundai Vietnam Shipbuilding operates as a subsidiary of HD Hyundai (Hyundai Heavy Industries group), leveraging the parent company's global shipbuilding expertise, technology, and brand recognition. The relationship provides access to Hyundai's established quality standards, engineering capabilities, and worldwide maritime industry reputation.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Oshima Shipbuilding: Japanese shipbuilder specializing in bulk carriers (Handysize to Panamax) with strong presence in dry-bulk newbuild orders. Directly comparable product overlap with HVS's bulk carrier business.
• Tsuneishi Shipbuilding: Japanese shipbuilder with significant Cebu, Philippines operations building bulk carriers and product tankers. Direct competitor in Southeast Asia–located commercial shipbuilding, similar mid-size vessel focus.
• Mitsui E&S Shipbuilding: Japanese shipbuilder producing tankers, bulk carriers, and LNG carriers. Overlaps with HVS in mid-size tanker and bulk carrier construction for global commercial shipping customers.
• Imabari Shipbuilding: Japan's largest shipbuilder and a leading bulk carrier specialist. Builds a wide range of bulk carriers (Handysize to Capesize) and tankers, directly overlapping with HVS's bulk carrier portfolio.
• Hanwha Ocean (formerly DSME): Major Korean shipbuilder producing tankers, bulk carriers, LNG carriers, and offshore vessels. Directly competes with HVS for global merchant vessel orders, particularly in mid-size product tankers and bulk carriers.
• Yangzijiang Shipbuilding: Chinese shipbuilder listed in Singapore, building bulk carriers, container ships, and tankers including MR product tankers. Direct competitor for mid-size commercial vessel orders, leveraging China's lower-cost production.
• Namura Shipbuilding: Japanese mid-size shipbuilder specializing in bulk carriers and product tankers. Comparable mid-size yard business model with similar product/chemical tanker and bulk carrier offerings to HVS.
• Samsung Heavy Industries: Korean shipbuilder focused on tankers, bulk carriers, LNG carriers, and offshore platforms. Competes for the same commercial vessel order book as HVS, particularly in the global mid-size tanker and dry-bulk segments.
• COSCO Shipping Heavy Industry: Chinese state-linked shipyard group operating multiple yards producing bulk carriers, tankers, and container ships. Competes for global orders in the same vessel categories as HVS, often with cost advantages from scale.

Broad incumbents

• HD Hyundai (Hyundai Heavy Industries): Parent company and the world's largest shipbuilder, building tankers, bulk carriers, container ships, LNG carriers, and offshore platforms. HVS operates as a Vietnam-based subsidiary of this group, building overlapping mid-size tanker and bulk carrier classes.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hyundai---vietnam-shipbuilding

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hyundai - Vietnam Shipbuilding