The three partners will develop a "special" Vsmart brand 5G phone which will use Qualcomm's Snapdragon 5G modular platform, while also integrating Fujitsu's advanced features such as battery saving, IP68 waterproof standard, and its best 4G + 5G antenna system, according to the partnership agreement. The smartphones will be made at the Hoa Lac Hi-Tech Park in Hanoi, and are expected to be sold in the U.S. and Europe starting April 2020. The model will be the first Vsmart phone to have 5G technology and will also make VinSmart, Vingroup’s electronics unit, one of the first 5G phone manufacturers in the world, said the group’s vice chairman Nguyen Viet Quang. It will also make Vietnam one of the first countries to produce and apply 5G technology. Through this cooperation agreement, Vietnamese engineers can quickly learn, capture and develop the technology to build next generation 5G phones independently, Quang said. VinSmart last year acquired the patents for its four first … [Read more...] about Vingroup partners with foreign tech giants to make 5G smartphones
Salary partner law firm
Vietnam facilitates trade with Russian firms: Deputy PM
Deputy Prime Minister Trinh Dinh Dung (R) shakes hands with Russian Ambassador to Vietnam Konstantin Vukov. (Photo: VNA) Hanoi (VNA) – The Vietnamese Government always endorses and creates favourable conditions for Vietnamese and Russian enterprises to boost cooperation, Deputy Prime Minister Trinh Dinh Dung said on December 11. Receiving Russian Ambassador to Vietnam Konstantin Vukov, Deputy PM Dung expressed his hope that a multitude of business and trade initiatives will be carried out between the two sides, helping develop the Vietnam – Russia Comprehensive Strategic Partnership in a deeper and more effective manner. He said he rejoiced at the fruitful partnership, particularly in the fields of economy, trade and investment. Vietnam has become the largest trade partner of Russia in the ASEAN bloc as two-way trade reached 4.5 billion USD in 2018, up 30 percent from the previous year, he said, adding that a wide range of activities have been held during the … [Read more...] about Vietnam facilitates trade with Russian firms: Deputy PM
North-South Expressway: domestic investors fear foreign competition
Vu Duc Nhan, deputy CEO of transport firm Phuong Thanh Tranconsin Jsc, told VnExpress that the Ministry of Transport requires an investor to have an owner’s equity of 20 percent of the cost of a North-South Expressway project. This means that if a project costs VND5 trillion ($215 million), an investor needs to have VND1 trillion ($43 million) in owner’s equity. The investor also needs to have experience in a similar project in scale, he added. "Very few Vietnamese companies have that money. Only some have recently invested in major national highways." A tightened credit policy on build-operate-transfer (BOT) projects is adding to the burden, Nhan said. Banks are charging an annual interest rate of 11 percent, higher than the 7.8 percent the Ministry of Transport estimated earlier when calling for investors. Many BOT projects are struggling to collect enough tolls due to lower traffic than estimated, making investors reluctant to take on expressway projects, he … [Read more...] about North-South Expressway: domestic investors fear foreign competition
NA Chairwoman:Vietnam appreciates Russia’s stance on East Sea issue
National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan delivers a speech at the Federation Council of Russia In her speech, the top Vietnamese legislator highlighted the constantly developing cooperation between the two legislative bodies and expressed her confidence that the two legislatures will continue to play an important role in building a legal corridor favorable for the Vietnam-Russia comprehensive strategic partnership, strengthen oversight of the implementation of cooperative agreements and projects, and work closely at inter-parliamentary forums. Vietnam always keeps in mind and respects the wholehearted assistance from the Soviet Union’s people, including the Russian people, for its fight for national independence and reunification.Eurasian Economic Union, of which Russia is a key member. Besides, bilateral investment has continued to be intensified with many major projects, including those on oil and gas, carried out in both countries, she said The … [Read more...] about NA Chairwoman:Vietnam appreciates Russia’s stance on East Sea issue
NA leader: Vietnam appreciates Russia’s stance on East Sea issue
NA Chairwoman Nguyen Thi Kim Ngan delivers a speech at the Federation Council of Russia In her speech, the top Vietnamese legislator highlighted the constantly developing cooperation between the two legislative bodies and expressed her confidence that the two legislatures will continue to play an important role in building a legal corridor favorable for the Vietnam-Russia comprehensive strategic partnership, strengthen oversight of the implementation of cooperative agreements and projects, and work closely at inter-parliamentary forums. Vietnam always keeps in mind and respects the wholehearted assistance from the Soviet Union’s people, including the Russian people, for its fight for national independence and reunification. The Vietnamese NA leader also applauded fruitful cooperation in defence and security people-to-people exchange, noting that more and more young Vietnamese have chosen Russia to study. Meanwhile, Vietnam remains a popular destination for Russian … [Read more...] about NA leader: Vietnam appreciates Russia’s stance on East Sea issue