Representatives from Viet Nam, Thailand and South Korea at the signing ceremony. — Photo courtesy of Bao Viet HA NOI (Biz Hub) — A meeting in Bangkok earlier this month was told that cooperation in insurance services between Viet Nam, Thailand and South Korea will be enhanced. A trilateral cooperation agreement in insurance services between Vietnam's Bao Viet and Bao Minh Insurance Corporation, Thai's Dhipaya insurance company (Dhipaya) and South Korea's ENC Plus was made official at the signing ceremony in Bangkok city. The Thai's state-owned Dhipaya, established in 1951, earned revenue of USD$850 million in 2013. The company has increased investment in insurance industry in Viet Nam. Dhipaya aims to expand its operations in the Mekong delta in the next five years. The Korean ENC Plus, an insurance broker, has supported Viet Nam's Bao Viet and Bao Minh Insurance Corporation with reinsurance services for large scale projects in Korea. The cooperation agreement has given … [Read more...]
Vietnamese, Cambodian women strengthen cooperation
The Vietnam Women’s Union (VWU) and the Cambodian Women’s Association for Peace and Development (CWAPD) signed a cooperation agreement for the 2013-2017 period in Phnom Penh on January 21. The document was inked by VWU President Nguyen Thi Thanh Hoa and Cambodian Deputy Prime Minister Men Samol, President of the CWAPD. Speaking at the event, Hoa said that the agreement will provide an important foundation for promoting the cooperation between the two unions in particular and the two countries’ women in general. Men Samol expressed her gratitude to Vietnamese volunteer soldiers, including many women, for helping Cambodian people overthrow the Pol Pot genocidal regime in 1979 and revive. On the occasion, Men Samol presented the Cambodian Royal Government’s Order of Merit to 31 VWU officials, including VWU President Nguyen Thi Thanh Hoa, former Vice President and former VWU President Truong My Hoa and former VWU Vice President Vo Thi Thang. Hoa awarded the … [Read more...]
Asian nations determined to boost trade cooperation
By To Hang The Kuwait Amir chairs the last session of ACD summit on Wednesday. The summit gathering leaders and officials from 32 Asian countries is expected to lay foundation for high level cooperation in the continent.—Source fadc2012.media.gov.kw KUWAIT (VNS)– Asian leaders yesterday pledged to promote investment and remove trade barriers to achieve economic integration for all countries in the continent. The commitment was included in a communique of the first Asia Cooperation Dialogue (ACD) summit which was held in the State of Kuwait. "The mutual protection of assets in ACD member states will promote regional investments and economic integration while encouraging joint Asian investments in other continents", it said. The joint statement also stressed the importance of co-operation in the financial sector, where leading Asian financial centres will support financial institutions in emerging economies by sharing knowledge and expertise. The move will help … [Read more...]
Nuclear powers stress ‘urgent’ Iran cooperation with IAEA
VIENNA – The United States, China, Russia, France and Britain reiterated their call on Thursday for Iran to cooperate with the UN nuclear watchdog over its disputed nuclear programme. "We remain concerned by Iran's persistent failure to comply with its obligations under UNSC (UN Security Council) resolutions and to meet the requirements of the IAEA Board of Governors Resolutions," the five powers said in a statement on the sidelines of a non-proliferation meeting in Vienna. "We stress the need and urgency for Iran to reach an agreement with the IAEA on a structured approach, including on access to relevant sites and information... to resolve all outstanding issues, particularly those relating to possible military dimensions" of Tehran's nuclear programme," they added. These demands were already spelled out in a resolution adopted by the board of the governors of the International Atomic Energy Agency (IAEA) in November, they noted. The document was then approved by the 35-member … [Read more...]
VietJetAir signs technical cooperation with Singaporean Engineering Company
Ha Noi-- VietJet Air has signed an Inventory Technical Management (ITM ) services agreement with the SIA Engineering Company (SIAEC), a major provider of aircraft maintenance, repair, and overhaul (MRO) in the Asia-Pacific, the VietJet Air said today. "VietJet Air has decided to cooperate with SIAEC in a bid to meet the dispatch demands and strict maintenance work of its A320 fleet", Vice Director General of VietJet Air, Priram Singh said. With this cooperation, VietJet Air will provide its customers with cheap prices and friendly services, meeting international standards for low-cost flights, the Vietjet Air vice director added. Under the contract, SIAEC will provide VietJet's fleet of aircraft with a wide spectrum of ITM services, including spares pooling and support, component repair and overhaul. ITM services aim to bring high dispatch reliability for VietJetAir, can lower aircraft maintenance costs and effectively use the spares pooling and support of both sides. The contract was … [Read more...]
Cooperative bank established
The Governor of the State Bank of Viet Nam granted a license to establish the Cooperative Bank of Viet Nam at the request of the Central People's Credit Fund on Tuesday.— Photo cafeland HA NOI (Biz Hub)— The Governor of the State Bank of Viet Nam granted a license to establish the Cooperative Bank of Viet Nam at the request of the Central People's Credit Fund on Tuesday. The bank will be headquartered in Nguyen Thi Dinh street in Ha Noi's Cau Giay District. Its charter capital will be VND3 trillion (US$142 million) sourced from the State, the fund's members and other legal entities. The bank, licensed to operate nationwide for 99 years, will be allowed to set up a network of domestic and foreign branches once it secures the central bank's written approval.—VNS … [Read more...]
Vietnam-Laos information-communications cooperation applauded
Lao Deputy Prime Minister Sonesay Siphandone welcomed Vietnamese Minister of Information and Communications (MIC) Truong Minh Tuan in Vientiane on November 1. Lao Deputy Prime Minister Sonesay Siphandone welcomes Vietnamese Minister of Information and Communications (MIC) Truong Minh Tuan Tuan affirmed that Vietnam has been highly aware of the significance of the traditional friendship, special solidarity and comprehensive cooperation between Vietnam and Laos, adding that Vietnamese sectors and ministries have always worked hard to deepen bilateral ties in all fields, including information and communications. Briefing the Deputy PM on the outcomes of his Laos visit, Tuan said that the Ministry of Information and Communications (MIC) will work with the Lao side to organise an exhibition of books, photos and media publications on the Vietnam-Laos relations in 2017, and an information and communications technology (ICT) forum. The MIC will also sign cooperation deals with the … [Read more...]
Canadian PM’s Vietnam visit opens more cooperation opportunities
Former Canadian Ambassador to Vietnam David Devine (Source: VNA) Ottawa (VNA) – The upcoming official visit toVietnam made by Canadian Prime Minister Justin Trudeau from November 8-9 willhelp open up more cooperation opportunities for both countries, said formerCanadian Ambassador to Vietnam David Devine.In his interview granted to Vietnam News Agency’scorrespondents ahead of the visit, former Ambassador Devine said that in thelast five years, the two countries have seen tremendous growth in trade,investment and education.In the field of education, the number of Vietnamese studentscoming to Canada to study enjoyed the growth rate of 30 percent in 2015 and2016, with around 7,500 students each year.According to a recent survey, Canada is the third mostpopular destination for Vietnamese students, he stated.In terms of trade, Vietnam became the largest trade partnerof Canada among ASEAN countries in 2015, with two-way trade reaching 5.5billion CAD (4.3 billion … [Read more...]
Vietnam-Laos ICT cooperation forum held in Vientiane
The signing of a cooperation deal between the Vietnam Academy of Post and Telecommunications and Laos’ University of Information Technology and Communications. (Photo: VNA)Vientiane(VNA) – The Ministry of Information and Communications (MIC) and the LaoMinistry of Post and Telecommunications (MPT) jointly held a forum in Vientianeon November 2 to seek measures to foster bilateral cooperation in informationand communication technology (ICT).Addressing the event,MIC Deputy Minister Hoang Vinh Bao and MPT Deputy Minister Thongsay Xanexayaagreed that the forum is a good chance for Vietnamese post, telecommunicationsand information technology firms to access new projects of Laos to expand theirinvestment, while giving a platform for ICT firms of both sides to discussfuture partnership.Representatives fromMPT shared Laos’ ICT infrastructure investment policies. Meanwhile, the VietnamPost and Telecommunications introduced its strengths and potential incollaborating with the … [Read more...]
Vietnam, Indonesia step up audit cooperation
According to the MoU, both sides agreed to exchange knowledge about auditing performance in the public sector, hold training courses and conferences as well as cooperate in other area related to public sector auditing. They also agreed to support each other at multilateral forums.At the signing ceremony, Vietnam’s State Auditor General Ho Duc Phoc said that since both sides established cooperative ties in 1999 and inked a MoU in 2011 in Bali, the two audit institutions have held conferences to exchange experience in fields of mutual interests.Vietnam hails practical cooperative activities with Indonesia’s audit body, he noted, expressing his hope that the MoU will serve as a catalyst to enhance auditing capacity for the two organisations and contribute to transparent finance management in the region.Meanwhile, Chairman of the Audit Board of Indonesia Moermahadi said that the bilateral cooperation will promote the audit capacity of both sides.ASEANSAI was founded in Jakarta, … [Read more...]