Vietnam russia military cooperation

Netherlands donates ventilators and medical equipment to Vietnam The government and business community of the Netherlands will donate ventilators and medical equipment worth VND43 billion to help Vietnam combat COVID-19, Ambassador Elsbeth Akkerman told her host Prime Minister Pham Minh Chinh in Hanoi on September 10. She affirmed that the Dutch government attaches great importance to the comprehensive partnership and the strategic partnership on climate change adaptation, sustainable agriculture and water management with Vietnam. The relationship between the two governments and their business communities continues to develop effectively for the sake of the economy, people and planet, she said. The Ambassador thanked the Vietnamese Government and the Prime Minister personally for caring about the EU business community, including Dutch businesses in the context of the COVID-19 pandemic, and noted the two countries are having many opportunities and prospects to strengthen …

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By joining the games, the VPA has learnt valuable experience in mastering weapons and military equipment and conducting operation and training while strengthening defense cooperation with Russia and other participating countries and territories. Achievements gained from the event have contributed to affirming the role of defense relations work in Vietnam’s strategy on early safeguarding the nation from afar. Vietnam’s successful Army Games The Army Games 2021 is considered the most successful Army Games of the VPA. In spite of competing with strong rivals in the international environment and unfavorable weather conditions, the Vietnamese delegation strove with their highest determination and ranked seventh out of 42 participating countries and territories in their fourth participation in the games. At the Army Games 2021, the VPA sent 17 contingents to compete in 15 contests of the games. After 14 days of competition, the VPA delegation won one gold, two silver and four bronze …

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Wood exports plummet as amid virus outbreak Wood production and exports have hit a slump in recent months after showing strong numbers during the first half of the year, according to a report by the Ministry of Agriculture and Rural Development (MARD). The country exported US$8.71 billion worth of wood products in the first half of 2021, a 62.9 per cent increase year-on-year. However, the sector has been hard hit by yet another outbreak of the virus. The virus has paralysed some of the largest production centres of the industry including the southern provinces of Binh Duong and Dong Nai, said Bui Chinh Nghia, deputy head of MARD's department of forestry. "We have seen significant drops in wood exports in recent months. Exports for June, July and August dropped by 16 per cent compared to the previous three-month period. August saw the biggest drop at 22 per cent compared to July," said Nghia. More than half of the country's wood producers have had to shutter or scale down …

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Banks on road for digital transformation The banking system and credit institutions are the lifeblood of the nation's economy, with digital information in banking and finance set to become one of the key factors in the digital economy, according to experts. The issue was discussed in an online forum “Digital Finance 2021” held by the Vietnam Financial Times last week. Addressing the online forum, Nguyen Viet Hung, deputy head of the Financial Informatics and Statistics Department, told participants that the digital economy, digital government and digital society were three key pillars that supported the national digital transformation programme. "Digital government helps the government operate more efficiently, effectively and transparently. The digital economy promotes innovation, creates new values, new growth engines and helps increase labour productivity. Digital society helps people have equal opportunities to services, training and knowledge, narrows the development gap …

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Foreign investors maintain confidence in Vietnam’s economy Vietnam attracted 14 billion USD in foreign direct investment (FDI) in the first eight months of this year, only 2 percent lower than the same period last year, showing foreign investors’ confidence in Vietnam’s economic scenario in mid-and long terms. Of the investment capital, up to 11.7 percent has been disbursed, up 2 percent as compared with the corresponding time last year. In August alone, 2.4 billion USD was registered, up 65 percent from the previous month, mainly additional capital injected into the processing and manufacturing industry. However, this month’s FDI disbursement dropped 14.3 percent against July and 12.2 percent year-on-year as the social distancing order has been imposed in major economic centres. Budget collection in August also went up 13.9 percent while total spending reduced 5.9 percent year-on-year. According to the World Bank, Vietnam’s economic recovery in the fourth quarter will …

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