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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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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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In a proposal submitted to the city, the metro operator, the HCMC Management Authority for Urban Railways (MAUR), said it has agreed with the metro consultancy, NJPT, a consortium led by Japan's Nippon Koei, that the chief expert would be paid 2.5 million yen a month and the rest 2.35 million yen. It said these are the lowest salaries for the jobs as set in the contract. They are comparable with the salaries agreed for the mass rapid transit project in Jakarta, it said. Vietnamese experts involved in training engineers will be paid differently, but the details have not been disclosed. In January a school that was training 58 engineers for the metro announced it had put the course on hold citing non-payment of its fees by MAUR. The 15-month training, at Hanoi's Vietnam Railway College in collaboration with NJPT, had begun last July. The trainees, including one woman, are aged 21-35. It appears that payments to teachers and the school can only be made if appendix No.19 to a 2007 contract between MAUR and NJPT is signed, and that requires the city to approve the engineers’ salaries. The contract envisaged completion of the line in 2015. Numerous setbacks that caused delays have pushed the project’s completion to next year. The long delay also forced the two parties to add 19 appendixes to the contract. The 19.7-kilometer route from Ben Thanh Market in District 1 to Suoi Tien Theme Park in District 9 will have 17 Japanese-made trains operating. To cost VND43.7 trillion ($1.89 billion), it has seen 82 percent of the work completed against a targeted 85 percent. MAUR has blamed the delay on Japanese and European engineers installing the tracks being unable to enter Vietnam last year after international flights were suspended due to the Covid-19 pandemic. …

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