Maritime sovereignty

Hanoi (VNA) – The State-owned Vietnam National Shipping Lines (Vinalines) plans to divest capital from 13 member companies this year. The corporation will reduce its ownership in six businesses and divest all of its capital from seven others. With this divestment plan, the liquidation of vessels and impact of its shrunken market share in temporary import for re-export services, the firm forecasts its consolidated revenue this year will decrease by 14.5 percent from 2019 to over 10.31 trillion VND (444.26 million USD). Since 2013, when Vinalines began restructuring, the firm has divested capital from many companies, cutting the number of its subsidiaries from 73 to 35. Notably, it has divested all capital invested in enterprises operating in other sectors like banking, securities, insurance and real estate to focus on its main business sectors of seaports, sea transportation and maritime services. Divestments from poorly-performing subsidiaries have helped slash the … [Read more...] about State-owned Vinalines to divest capital from 13 firms in 2020

At the event At the event, General Ngo Xuan Lich held that the ADMM has increasingly been proved to be an effective mechanism of cooperation, dialogue and exchange at the defense ministerial level since its first meeting in Malaysia in 2006. It has become a regional mechanism dealing with strategic defense-security matters, contributing to building trust and enhancing mutual understanding among ASEAN member countries. It also helps foster dialogues and defense cooperation between/among ASEAN countries and partners. … [Read more...] about ADMM Retreat: Building mutual trust among regional countries

Meanwhile, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator Mark Lowcock provided an overview of the situation on the ground. He said air and ground-based strikes in northwestern Syria killed at least 100 civilians between February 1 and 16, more than 90 per cent of those deaths occurred in areas not controlled by the Government of Syria. … [Read more...] about Việt Nam supports seeking political solutions in Syria

Vientiane (VNA) – Deputy Prime Minister and Foreign Minister Pham Binh Minh on February 20 suggested that the Mekong-Lancang cooperation (MLC) should contribute to consolidating coordination between countries in handling regional challenges and bringing about long-term benefits for people. The mechanism should aim for strengthening the economy’s resilience in the face of uncertainties, Minh said at the fifth MLC Foreign Ministers’ Meeting in Vientiane, Laos. He emphasised the need to focus resources on vulnerable sectors and those that serve as economic engines of member countries. He elaborated that in agricultural cooperation, it is necessary to focus on raising technology capacity for businesses, and improving market stability and confidence for farm produce. Minh also pointed to the severe drought in the Mekong River Basin that requires relevant countries to take drastic actions to ensure the river’s sustainable development. He proposed intensifying … [Read more...] about Mekong-Lancang cooperation contributes to addressing regional challenges

LAGOS, NIGERIA - EQS Newswire - February 20, 2020 - On February 21, 2020, MDXi, MainOne's data center subsidiary, will announce the local offering of Microsoft's Azure Stack to its customers as part of its 'Managed Cloud Services'. The Stack platform provided in partnership with Microsoft and HPE will be unveiled at MainOne's 5th annual gathering of customers, partners and tech professionals, called Nerds Unite. … [Read more...] about MDXi to Unveil First Locally Available Microsoft Stack Cloud Offering at Nerds Unite 2020 in Partnership with Microsoft and HPE