News agencies

Seoul (VNA) – Senior defence officials of the Republic of Korea (RoK) and Indonesia held an annual consultation session via video conference on November 24, reaffirming their commitment for cooperation in the field of defence industry. It was attended by Major General Sung Il, an international cooperation officer at the RoK Defence Ministry, Major General Dadang Hendrayudha of Indonesia’s Defence Ministry, and representatives of eight companies from the two nations. During the session, the two sides agreed to beef up cooperation to protect defense technologies and discussed other pending issues, according to the Defense Acquisition Programme Administration. It was a meaningful meeting that could help resolve pending defense industry issues between the two countries and will greatly contribute to strengthening their cooperation down the road, Sung said. The talks took place as Indonesia is hundreds of millions of dollars in arrears on its dues for the RoK's … [Read more...] about RoK, Indonesia reaffirm commitment to cooperate in defence industry

Figures released the Agency of Foreign Trade under the Ministry of Industry and Trade showed that Vietnam shipped 363,000 tonnes of cashew nuts abroad in the first nine months of 2020, raking in 2.3 billion USD, up 10.6 percent in volume but down 4 percent in value compared to the same period last year. … [Read more...] about Cashew nut exports to thrive in year-end months: insiders

Hanoi (VNS/VNA) - The Ministry of Transport (MoT) had decided to stop collecting tolls from build-operate-transfer (BOT) roads that had quickly fallen into disrepair after opening. The action taken by Transport Minister Nguyen Van The has been applauded by experts and drivers whose money is going straight into the pockets of BOT investors. Several BOT highways have raised public concern after experiencing problems even in their trial periods. For example, a section of the Da Nang-Quang Ngai Expressway funded by the Japan International Cooperation Agency (JICA) was opened to traffic in August last year, but after 14 months of operation, cracks and holes have appeared on the road surface. The damage has caused risks for vehicles traveling at high speeds on the expressway. The minister has asked the Vietnam Expressway Corporation (VEC) – the investor – to stop collecting tolls on the road until the damage is repaired. Toll collections would resume 16 days after … [Read more...] about BOT road investors face quality backlash

As for rooftop solar power projects, the Bac Lieu Department of Industry and Trade has coordinated with other relevant departments and agencies to launch a program to provide consulting for the installment of rooftop solar power systems across the province. … [Read more...] about Bac Lieu seeks to boost renewable energy development

Hanoi (VNS/VNA) - Vietnam has been ranked second after the US on a list of the world's most active, dynamic and potential markets for merger and acquisition (M&A) deals this year. According to the latest M&A Investment Index compiled by research firm Euromonitor, Vietnam's standing had increased from last year. Vietnam was listed among a group of countries with positive M&A prospects together with China, the Philippines, Taiwan and Saudi Arabia. Euromonitor forecast that Vietnam would retain its position in the top 20 countries with the highest investment M&A index in 2021, surpassing China and Indonesia. According to the report, Vietnam was also in the top five markets with the fastest M&A growth performance in the world, behind Singapore, Ireland, the Philippines and Qatar. The driving force behind M&A deals in Vietnam and other countries in Southeast Asia was a result of foreign investments shifting from … [Read more...] about Vietnam ranks second on M&A potential list