Vinalines, Belgium’s Rent-A-Port N.V ink cooperation deal

Under the memorandum of understanding (MoU) signed this morning with Vietnam National Shipping Lines (Vinalines), Rent-A-Port N.V. may purchase 10 per cent of Vinalines' stake and may also have other possible cooperation in the projects of a terminal and a logistics facility in Lach Huyen and a general cargo terminal in Dinh Vu in the northern port city of Haiphong. The MoU signing ceremony  this morning marked a possible cooperation between Vinalines and Rent-A-Port On August 30, 2017, the MoU signing ceremony between Vinalines and Belgian Rent-A-Port and Deep C Industrial Zones (including the Belgian government’s investment) took place in Hanoi. The MoU aims to utilise the potential, the expertise, and experience of both parties to promote a transportation link between Vietnam and the EU. Accordingly, there may be possible cooperation between parties in the projects of a terminal and a logistics facility in Lach Huyen and a general cargo terminal in Dinh Vu. In particular, a joint venture to develop the terminal in the area of Lach Huyen deepwater seaport may be established. Besides, there will be another joint venture to develop a logistics hub on a scale of around 250 hectares, opposite the aforementioned terminal to optimise loading and unloading, storing, processing, and distributing grain to meet the increasing demand. In addition, Rent-A-Port may participate in the 630-metre General Cargo Terminal project in Dinh Vu. This project is now invested by Vinalines Dinh Vu, in which…... [read more]

NDO – The Vietnam Administration of Seas and Islands (VASI), under the Ministry of Natural Resources and Environment, and the Republic of Korea (ROK) Coast Guard signed a memorandum of cooperation (MOC), in Hanoi on August 28, in regards to the field of controlling sea pollution. According to the VASI, the MOC between the two units consists of six major contents, which are to share information and experience in supervising, preparing and responding to oil and chemical pollution and oil and chemical toxic spills at sea; to exchange methods to identify hazardous oils and chemical toxics at sea; and to strengthen the capabilities and efficiency of the adaptation systems to these types of incidents. The two sides will also discuss their experience concerning policies, legal frameworks and international treaties; exchange experience via working delegations and through experts, conferences and workshops in the field of international cooperation on sea pollution control; and foster ties in other spheres related to sea pollution control decided by both sides in the case of necessity. Addressing the signing ceremony, Pham Ngoc Son, Acting Director of the VASI, stated that right after its debut in 2008, the VASI signed a memorandum of understanding with the ROK agency, marking the initial step in their bilateral cooperation. Up to date, the two sides have deployed a lot of cooperation activities, particularly since the Law of the Sea of Vietnam took effect, which includes a regulation stating that the VASI is responsible for dealing with oil…... [read more]

The historic August 22-24 official visit to Indonesia by Party General Secretary Nguyen Phu Trong has served as a new driving force for Vietnam and Indonesia to further tighten bilateral investment co-operation. Thanh Tung reports from Jakarta. During the visit, many Indonesian firms and investors expressed their big interest in Vietnam’s market Last Wednesday afternoon, Samal Abdul Nasir Bamadhaj – director of Indonesia’s Intra Asia Indonesia – came to the storied Raffles hotel in  Indonesia’s capital city of Jakarta to sign a memorandum of understanding (MoU) on coal trading and seaport investment with Vietnam’s Hong Phat Group. The document, signed during Party General Secretary Nguyen Phu Trong’s official visit to Indonesia last week, would enable the Indonesian firm to build a $1 billion coal port in Vietnam. “I feel very happy about the signing of the MoU. It is very important to us as it will be the prerequisite for us to co-operate with Hong Phat, and we will realise it very soon,” Bamadhaj told VIR. The port, with a designed capacity of about 15-20 million tonnes of coal per year, will be largely used for cargo and logistics to serve export and import activities between Indonesia and Vietnam, especially coal. This is the first time that Intra Asia Indonesia, a coal miner and trader with three mines throughout Indonesia, has co-operated with a Vietnamese firm. Earlier, Hong Phat’s representatives came to Jakarta…... [read more]

NDO – A delegation of the Vietnamese Finance Ministry, led by Minister Dinh Tien Dung, paid an official visit to Cuba, on August 23-25, with the aim of further strengthening the financial and trade ties between the two countries. During his August 24 talks with Cuban Minister of Finance and Prices, Lina Olinda Pedraza Rodríguez, Minister Dung affirmed that the Vietnamese Government’s guideline is to continuously strengthen the special friendship and solidarity that exists between Vietnam and Cuba, and to share experience and support Cuba in the fields of bilateral cooperation, including finance. The Vietnamese Finance Ministry always gives priority to and regards the Vietnam-Cuba financial cooperation as a long-term, substantive and effective cooperative programme, he stated. Concerning the issue of collaboration between the two ministries, he suggested that both sides regularly maintain and improve the efficiency of the existing cooperative mechanisms, contributing to promoting economic, trade and investment ties between the two nations in commensuration with the bilateral trusted political relations which have been increasingly strengthened. The two sides need to continue effectively implementing the Memorandum of Understanding on bilateral cooperation in the period of 2016-2020, focusing on the fields of tax system management and reforms and training treasury human resources, Dung said, stressing the need to execute specific contents and projects under the cooperation framework of the Vietnam-Cuba Intergovernmental Committee. Minister of Finance and Prices, Lina Olinda Pedraza Rodríguez, highlighted the significance of the historical relationship between Vietnam and Cuba, whilst speaking highly…... [read more]

NDO – A delegation of the Vietnamese Finance Ministry, led by Minister Dinh Tien Dung, paid an official visit to Cuba, on August 23-25, with the aim of further strengthening the financial and trade ties between the two countries. During his August 24 talks with Cuban Minister of Finance and Prices, Lina Olinda Pedraza Rodríguez, Minister Dung affirmed that the Vietnamese Government’s guideline is to continuously strengthen the special friendship and solidarity that exists between Vietnam and Cuba, and to share experience and support Cuba in the fields of bilateral cooperation, including finance. The Vietnamese Finance Ministry always gives priority to and regards the Vietnam-Cuba financial cooperation as a long-term, substantive and effective cooperative programme, he stated. Concerning the issue of collaboration between the two ministries, he suggested that both sides regularly maintain and improve the efficiency of the existing cooperative mechanisms, contributing to promoting economic, trade and investment ties between the two nations in commensuration with the bilateral trusted political relations which have been increasingly strengthened. The two sides need to continue effectively implementing the Memorandum of Understanding on bilateral cooperation in the period of 2016-2020, focusing on the fields of tax system management and reforms and training treasury human resources, Dung said, stressing the need to execute specific contents and projects under the cooperation framework of the Vietnam-Cuba Intergovernmental Committee. Minister of Finance and Prices, Lina Olinda Pedraza Rodríguez, highlighted the significance of the historical relationship between Vietnam and Cuba, whilst speaking highly…... [read more]

At a recent meeting with Cuban Minister of Finance and Prices Lina Olinda Pedraza Rodriguez, Dung suggested the two financial ministries maintain and improve the efficiency of existing cooperation mechanisms to enhance economic, trade and investment collaboration between the two countries in line with their sound political relations. Bilateral cooperation should be focused on taxation management and reform and human resource training for their state treasuries as part of the Memorandum of Understanding on cooperation for 2016-2020, he noted. Minister Dung also urged the two sides to go ahead with joint work to carryout projects under the cooperation framework of the Vietnam-Cuba Inter-Governmental Committee. Minister Lina Olinda Pedraza Rodriguez, in turn hailed the achievements in experience sharing and negotiations of investment projects between the two nations. She called for stronger cooperation in the customs sector as Cuba is making effforts to ensure safety and security for international flights while realizing its open-door policy. The two sides can also consider signing cooperation programmes to promote experience sharing, delegation exchanges and joint activities in combating smuggling and other sectors of mutual interests, she said. The same day, Minister Dung met with Vice President of the Council of Ministers Ricardo Cabrisas Ruiz, who is also Minister of Economy and Planning.The Ministry of Finance dispatched a group of tax specialists to Cuba to share experience in tax management.... [read more]

At a recent meeting with Cuban Minister of Finance and Prices Lina Olinda Pedraza Rodriguez, Dung suggested the two financial ministries maintain and improve the efficiency of existing cooperation mechanisms to enhance economic, trade and investment collaboration between the two countries in correspondence with their sound political relations. Bilateral cooperation should be focused on taxation management and reform and human resource training for their state treasuries as part of the Memorandum of Understanding on cooperation for 2016-2020, he noted. Minister Dung also urged the two sides to push forward with joint work to carryout projects under the cooperation framework of the Vietnam-Cuba Inter-Governmental Committee. Minister Lina Olinda Pedraza Rodriguez, in turn hailed the achievements in experience sharing and negotiations of investment projects between the two nations. She called for stronger cooperation in the customs sector as Cuba is making effforts to ensure safety and security for international flights while realizing its open-door policy. The two sides can also consider signing cooperation programmes to promote experience sharing, delegation exchanges and joint activities in combating smuggling and other sectors of mutual interests, she said. The same day, Minister Dung met with Vice President of the Council of Ministers Ricardo Cabrisas Ruiz, who is also Minister of Economy and Planning.The Ministry of Finance dispatched a group of tax specialists to Cuba to share experience in tax management.... [read more]

Vietnam and Cuba need to focus cooperation on taxation management and reform. Illustrative image (Photo: VNA) Havana (VNA) – Minister of Finance Dinh Tien Dung paid an official visit to Cuba from August 23-25 with the aim of shoring up financial and trade partnership between Vietnam and Cuba. During his talks with Cuban Minister of Finance and Prices Lina Olinda Pedraza Rodriguez on August 24, Dung said the two financial ministries need to maintain and improve the efficiency of existing cooperation mechanisms to promote economic, trade and investment collaboration between the two countries in correspondence with their sound political relations. He recommended that both sides focus cooperation on taxation management and reform and human resource training for their state treasuries as part of the Memorandum of Understanding on cooperation for 2016-2020. Minister Dung also urged the two sides to push forward with joint work to implement specific contents and projects under the cooperation framework of the Vietnam-Cuba Inter-Governmental Committee. For her part, Minister Lina Olinda Pedraza Rodriguez highlighted the achievements in experience sharing and negotiations of investment projects between the two countries. She proposed strengthening cooperation in the customs sector as Cuba seeks to ensure safety and security for international flights while carrying out its open-door policy. The two sides can also consider signing cooperation programmes to promote experience sharing, delegation exchanges and joint activities in fighting smuggling and other sectors of mutual interests, she said. The same day, Minister…... [read more]

With the motto of being a trust-worthy friend and partner as well as a responsible member of the international community, Vietnam will continue proactively and actively participating in UNESCO’s work in the hope of making more contributions to the organisation, stated the top legislator. The NA leader noted  with pleasure the growing relations between Vietnam and UNESCO over the past years, stating that many UNESCO projects are effectively operating in Vietnam, and the organisation’s support in knowledge, technique, management and finance have contributed to the sustainable development in Vietnam, she said. The top legislator highlighted Vietnam’s efforts in actively engaging and contributing to UNESCO’s work, saying that the country is undertaking the role as a member of the UNESCO Executive Board and the World Heritage Committee and running for the post of UNESCO General Director. Lauding Bokova’s success and contributions through two working terms, the NA Chairwoman spoke highly of Bokova’s dedication in strengthening the partnership between Vietnam and the UNESCO. For her part, Bokova said during her current Vietnam visit, she held talks with Vietnam’s authorities to seek measures to increase cooperation between Vietnam and UNESCO, as well as ways to implement the memorandum of understanding between the two sides for the 2016-2020 period. She also signed an agreement to establish two category 2 centres for mathematics and physics under UNESCO’s sponsor.  The UNESCO leader highly valued the Vietnamese top legislator’s sharing on socio-economic development of Vietnam, and the promotion of values of…... [read more]

With the motto of being a trust-worthy friend and partner as well as a responsible member of the international community, Vietnam will continue proactively and actively participating in UNESCO’s work in the hope of making more contributions to the organisation, stated the top legislator. The NA leader noted  with pleasure the growing relations between Vietnam and UNESCO over the past years, stating that many UNESCO projects are effectively operating in Vietnam, and the organisation’s support in knowledge, technique, management and finance have contributed to the sustainable development in Vietnam, she said. The top legislator highlighted Vietnam’s efforts in actively engaging and contributing to UNESCO’s work, saying that the country is undertaking the role as a member of the UNESCO Executive Board and the World Heritage Committee and running for the post of UNESCO General Director. Lauding Bokova’s success and contributions through two working terms, the NA Chairwoman spoke highly of Bokova’s dedication in strengthening the partnership between Vietnam and the UNESCO. For her part, Bokova said during her current Vietnam visit, she held talks with Vietnam’s authorities to seek measures to increase cooperation between Vietnam and UNESCO, as well as ways to implement the memorandum of understanding between the two sides for the 2016-2020 period. She also signed an agreement to establish two category 2 centres for mathematics and physics under UNESCO’s sponsor.  The UNESCO leader highly valued the Vietnamese top legislator’s sharing on socio-economic development of Vietnam, and the promotion of values of…... [read more]




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