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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 …

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This move comes following the northern neighbour detecting the SARS-CoV-2 virus on the packaging of German pork, Brazilian beef, and Indian fish, that was in the process of being imported into China. Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said that since November 10 competent authorities operating the Chinese border gates have begun to apply strict quarantine measures relating to fumigation and origin traceability on frozen seafood shipments imported into their major ports. In line with the latest Chinese regulations, all frozen seafood shipments, including tra (pangasius) fish fillets, are required to have samples taken from their packaging for COVID-19 inspection at ports. Despite this, there remains plenty of unclear and specific instructions relating to customs clearance procedures, thereby causing large quantities of goods to get stuck at ports. The Chinese move has put Vietnamese businesses at a disadvantage, causing their operational costs to rise while export prices have seen sharp declines, Hoe said. At present, the export price of pangasius fillets has endured a fall from US$2.3 per kilo to under US$2 per kilo. Hoe therefore advised seafood companies to remain calm and avoid lowering prices, a factor which would negatively affect exports to the Chinese market and the global seafood industry in general. Domestic enterprises have also been encouraged to actively negotiate with partners in an effort to adjust import and export rules, so as to resume their exports to the Chinese market. …

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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 …

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