The rapid growth of Bangladesh has long been attributable to exports in mostly primary industries in areas such as garments and agricultural products, according to a koreatimes.co.kr report.
One lesser-known industry with huge growth potential for the country, however, is shipbuilding.
As a riverine country, the country has taken advantage of shipbuilding as a major form of transportation for trade.
Bangladesh has 700 rivers, providing 24,000 kilometres of waterways.
Driven by this geographical feature, the country holds more than 100,000 skilled and 150,000 semi-skilled workers in the shipbuilding industry.
But it was not long before the country began exporting its ships, due to weak infrastructure for building info-tech facilities.
For this reason, Bangladesh has in recent years shifted its focus into selling small- and medium-sized ships to other countries.
Bangladesh has the potential to become the next Asian economic powerhouse driven by cheap labour and a population of more than 163 million.
The country has reported an average economic growth rate of six percent for the past five years, outperforming that of other underdeveloped countries. In particular, the country is ranked 17th out of 134 nations in terms of its potential growth rate of 6.4 percent or more in 2017 and 2018, according to the World Bank's Dhaka office.
Dockyard and Engineering Works Limited (DEW) is particularly one of the biggest and oldest dockyards in the country.
The facility, established in 1922, boasts 21.78 acres of land on the eastern bank of the River Shitalakshya in Narayanganj in central Bangladesh.
