Sign of aquarius zodiac sign

The Hanoitimes - The purchase confirms that Russia is the biggest arms supplier of Vietnam. Vietnam signed a US$350 million deal in 2019 to buy a dozen of combat training aircraft from Russia, the Vedomosti business daily reported on January 28. The purchase deal covers at least 12 Yak-130 combat training jets, Vedomosti cited two unnamed Russian defense industry executives as saying, giving no details about the delivery time. A Vietnamese Kilo-class submarine bought from Russia. Photo: AFP Yak-130 jet is designed for training pilots of advanced fighter aircraft. It can also be equipped with air-to-surface weapons including guided missiles and bombs. According to Vedomosti, Vietnam would be the sixth country to import the Yak-130, following Algeria, Bangladesh, Myanmar, Laos, and Belarus. The contract paves the way for the purchase of more advanced jets from Russia, including the Su-30SM and the Su-35, military expert and Arms Exports magazine editor-in-chief Andrei Frolov was cited as saying. Russia is the biggest arms supplier to Vietnam and Southeast Asia. In 2018, Vietnam ordered a fleet of Russian-made fighter jets, surface ships, and submarines worth more than US$1 billion, according to the state-run TASS news agency. Earlier, Vietnam bought six Kilo-class submarines worth more than US$2 billion. Vietnam has been one of the world’s most active arms importers in recent years, according to Reuters. Hanoi stepped up its imports amid China’s increasingly aggressive territorial claims in the South China Sea, where the neighbors have long-standing rival claims. Vietnam is ranked 23th out of 137 countries and second in Southeast Asia after Indonesia in the military strength ranking 2019 of US-based Global Firepower. The rating is based on 55 parameters, including military resources, diversity of weapon systems, natural resources, geographical features, finances and available manpower. The military strength is formed by …

[Read more...] about Vietnam signs US$350 million deal to buy jets from Russia

Vietnam racks up $1.29 billion in trade surplus in two months The country’s trade turnover during January-February topped some 95.81 billion USD, a year-on-year surge of 25.4 percent. Vietnam’s trade balance posted positive, 1.29 billion USD, in the first two months of the year, the General Department of Customs said on December 28. The country’s trade turnover during January-February topped some 95.81 billion USD, a year-on-year surge of 25.4 percent. Of the total, exports amounted to 48.55 billion USD, a yearly hike of 23.2 percent, while imports were estimated at 47.26 billion USD, or 25.9 percent higher than the same time last year. Foreign-invested companies accounted for 76.4 percent, or 37.07 billion USD, of Vietnam’s total export turnover. Meanwhile, the domestic sector shipped abroad 11.48 billion USD worth of products. There were nine commodities joining the billion-USD export club, including telephones and parts (9.3 billion USD, up 22.8 percent year-on-year); electronics, computers and parts (6.9 billion USD, up 27.3 percent); equipment, machines and parts (5.5 billion USD, up 72.6 percent); footwear (3.2 billion USD, up 15.4 percent); and wood and wooden products (2.4 billion USD, up 51 percent). They made up 73 percent of the country’s export turnover. The US was Vietnam’s biggest importer as it splashed out 14.2 billion USD on Vietnamese products, or 38.2 percent higher than the amount it spent the same time last year. China came second with 8.5 billion USD, followed by the EU with 6.3 billion USD, ASEAN 4.2 billion USD, the Republic of Korea 3.4 billion USD, and Japan 3.2 billion USD. Meanwhile, the country spent big (47.26 billion USD) on imports, with foreign-invested sector purchasing 31.64 billion USD worth of products from abroad for production, up 31.4 percent, while that of the domestic sector surged 16 percent to 15.62 billion USD. In the two-month period, China was the largest exporter of Vietnam, with revenue …

[Read more...] about VIETNAM BUSINESS NEWS MARCH 2

Pham Hong Quat, director general, NATEC and Leon Cai, regional director (Ho Chi Minh City), Enterprise Singapore The Vietnamese agency (NATEC) and Enterprise Singapore (ESG) have renewed their cooperation for another two years. What will be the focuses in the next stage? How will it benefit the innovation landscape for Singapore and Vietnam? Pham Hong Quat: Singapore is considered to be the hub of innovation as well as a “paradise” for startups, with startup-friendly policies including subsidies and a range of incubation schemes. With its advanced IT infrastructure, strong government support, intellectual property laws, and deep tech talent pools, Singapore has become a world-leading technology innovation centre. Thus, the cooperation between NATEC and ESG will provide an open space for best practices and know-how sharing, particularly on the crafting and execution of startup and innovation supporting policies, as well as building and operating startup hubs. Through market access programmes and joint events, Vietnamese startups will have a chance to experience and benefit from peer-to-peer learning with their counterparts. Operating in the world’s leading and most vibrant ecosystem, Singaporean startup founders and teams have admirable skills and qualities, for example, creative thinking; entrepreneurship and management skills; fundraising and management; as well as research and development (R&D). Moreover, there will be a high chance that our startups can find great partners or clients in a new market. One of the biggest concerns for Vietnamese startups might be how to get funding from venture capital funds or angel investors and how to manage them wisely, especially during the crisis. Thus, what they need to focus on is acquiring valuable know-how and skills from their counterparts and taking any opportunity to interact and learn from experienced investors and mentors. Leon Cai: The renewed MoU will build on existing partnerships between …

[Read more...] about NATEC and Enterprise continue cooperation to unlock Vietnam’s innovation potential