India vietnam brahmos missile deal

Officials from India, Thailand, Singapore discuss exercise (Source: straitstimes.com)   New Delhi (VNA) –The Indian navy on September 16 began a trilateral exercise with counterparts from Thailand and Singapore at Port Blair on Adaman and Nicobar islands, according to the Indian news agency ANI. A Defence Ministry press release said the five-day exercise will bolster trust among the three navies in terms of interoperability and mutual understanding, strengthening maritime relationship among three countries and regional security. Participating in the drill are Singapore’s destroyer carrying guided missile Tenility, Thailand’s destroyer Kraburi, India’s guided missile destroyer Ranvir, missile corvette Kora, offshore patrol vessel Sukanya and P8I long-range maritime reconnaissance aircraft. From September 18-20, surface and air operations involving gunnery, force protection measures and communication drills will be conducted./. VNA … [Read more...] about India, Thailand, Singapore hold first maritime exercise

Outdated database, policies hinder sharing economy development Databases and policies that have failed to keep pace with the market’s development have hindered the development of the sharing economic model. At a workshop themed “Strengthening the implementation of the project to promote the sharing economy model,” held in Hanoi on October 10, Pham Xuan Hoe, deputy director of the Banking Strategy Institute, noted that the project had been approved by the prime minister on August 12. The project is aimed at creating a fair business environment for enterprises applying the sharing economy and traditional models and encouraging innovation and the application of digital technology. Vietnam holds strong potential for developing the sharing economy. Recently, Google, Temasek and Bain & Company released a report on the e-economy in Southeast Asia this year. Accordingly, Vietnam’s digital economy will be worth US$12 billion this year and US$43 billion by 2025 … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES

Yellow card pushes seafood industry developing sustainably Vietnam’s seafood exports have been seriously affected since the European Commission issued an official warning against illegal, unreported and unregulated (IUU) exploitation of Vietnamese seafood. The European Commission’s yellow card has seriously affected Vietnamese seafood firms, resulting in a downturn in export value to the EU and a shortage of input material. Given these acute challenges, this company has still raked in six million USD, recorded 12 percent export growth in the first eight months of 2019. This success looks like a timely change in tactics. The EU is no longer Vietnam’s second biggest seafood importer. With import value of 251 million USD, it now stands in fifth position. According to the Vietnam Association of Seafood Exporters and Producers, seafood exports to the EU have fallen, but have witnessed growth in other markets. Seeing the challenge as an opportunity to restructure, the … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 17

Illustrative image (Photo: Internet)   New Delhi (VNA) – Thailand and India on October 19 began a joint naval exercise in the Bay of Bengal that involved helicopters from ships of both nations, according to Indian defence officials.  The five-day exercise commenced off the port of Vishakhapatnam in Andhra Pradesh state of India. Two naval ships of Thailand - UMS Sin Phyu Shin (F-14), a frigate and UMS Tabinshweti (773), a corvette – were deployed for the exercise. India sent its ships INS Ranvijay, a guided-missile destroyer and INS Kuthar, a missile corvette, to the exercise. The exercise, the second of its kind, featured the habour phase from October 18 – 19 with the sharing of expertise on various maritime issues. The sea phase from October 20-22 will involve a variety of drills including anti-air and surface firing exercises, flying exercises using integral helicopters. "The joint exercises this year have increased in scope and complexity and … [Read more...] about Thailand, India begin joint naval exercise

Billion-dollar smart city will express the spirit and vision of a new Hanoi Vietnamese developer BRG Group and Japan’s Sumitomo Corporation have officially announced their US$4.2 billion smart city project on the outskirts of Hanoi. Through a 50/50 joint venture, a whopping 270 hectares of land located some 20 minutes from the city will begin development early next year and is expected to be complete by 2028. The smart city will be state of the art in that it will employ Industry 4.0 technology such as the Internet of Things to ensure energy is conserved. It will also feature surveillance cameras that come with the capabilities to recognise faces together with AI. Reality a long-term vision Marking the first milestone of the North Hanoi Smart City Project just before the 65th anniversary of Hanoi’s Liberation on October 10, Nguyen Thi Nga, chairwoman of BRG Group said, “We build a smart city not for our generation, but for many Vietnamese generations of the future. … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 16