Invitation Letter

On behalf of The Organizing Board of “International Exhibition on Shipbuilding, Marine Technology and Transportation", Vietnam Shipbuilding Industry Corporation (VINASHIN) would like to express its sincere thanks and high appreciation for your active support in developing the business cooperation between VINASHIN and your esteemed Company.

Under the support and Vietnam Government, Ministries and Relevant Branches, Vietnam Shipbuilding Industry Corporation (VINASHIN) cooperates with C.I.S Vietnam Advertising & Exhibition Ltd to hold:

The 3^rd International Exhibition on Shipbuilding, Marine Technology and Transportation  - VIETSHIP 2006

Date: February 21-24, 2006

Venue: Vietnam International Exhibition and Fairground Center,

148 Giang Vo Road, Ba Dinh District, Hanoi, Vietnam

Inheriting previous success, Vietship 2006 shall emphasize our strong belief that the Show shall be an essential forum and ideal destination for local and international manufacturers and businesses to introduce their latest products to Vietnam market, exchange technology and plan for future business development.

With a wish to offer Vietnam and international businesses a productive Vietship 2006, VINASHIN warmly welcomes and invites your Esteemed Company to participate the Show.

Our high appreciation for your support and participation for a successful Vietship 2006.

Yours sincerely,

THE ORGANIZING BOARD

Vinashin's Chairman & CEO

(Signed and Sealed)

Pham Thanh Binh