Malaysian economies

The agreements are signed at the Langkawi International Maritime and Aerospace exhibition 2023 mô (Photo: tnst.com.my) Kuala Lumpur (VNA) - Malaysia's Defence Ministry announced on May 26 that it has signed 43 agreements worth 10.1 billion RM (2.2 billion USD) with partner during this year’s 16th Langkawi International Maritime and Aerospace Exhibition ( LIMA ). They include the purchase of 18 FA-50 light attack aircraft from Korea Aerospace Industries (KAI), and four units of Sikorsky's Black Hawk helicopters to be leased from Malaysian firm Aerotree Defence and Services, the ministry said in a statement. KAI, the Republic of Korea's sole warplane manufacturer, won a bid to supply the jets to Malaysia for about 920 million USD. The acquisitions come as Malaysia looks to upgrade or replace several aging military assets. The Government allocated 17.7 billion RM for the defence ministry under this year's budget, a 10% increase from its funding in 2022. The Royal … [Read more...] about Malaysia signs important deals at LIMA 2023

PM Pham Minh Chinh spoke highly of the maintenance of high-level contacts, especially the recent successful phone talks between Party General Secretary Nguyen Phu Trong and U.S. President Joe Biden. He suggested that in the near future, both sides continue enhancing cooperation in the fields of economy, trade, investment, science and technology, education and training, innovation, digital transformation, and climate change response. The host asked the U.S. senators to support the U.S. opening its market to and limiting anti-dumping investigations and trade remedy measures against Vietnamese goods, especially agro-forestry-fisheries, which directly affect the people’s livelihoods. He also urged the U.S. Congress to continue heeding and allocating resources for cooperation with Vietnam in overcoming the war consequences, as well as offer support to the Vietnamese community in the U.S. Expressing their impression on Vietnam's country, people, and development, the U.S. senators … [Read more...] about Vietnam values comprehensive partnership with U.S.: Prime Minister