The Hanoitimes - The government’s plans to improve the quality of FDI inflows have brought initial results with more foreign investors targeting to set up high-tech projects in the country. During a recent working session with authorities of southern Binh Duong province, Executive Managing Officer of Sharp Corporation Yoshihiro Hashimoto mentioned a plan to build a factory worth nearly US$2 billion to manufacture high-tech camera modules and smart phone screens in the province. Hoa Lac Hi-Tech Park sets to lure some US$1 billion of investment capital in 2018 In the first stage, Sharp plans to spend roughly US$300 million, about US$200 million of which will be for machinery and equipment. The location of the plant is under discussion. Le Hoai Quoc, head of the Saigon High-Tech Park (SHTP) management board, said many Japanese-invested projects will be licensed in the near future, notably a US$250 million investment in a complex featuring a high-tech hospital and a … [Read more...] about Foreign investors gear capital to high-tech industries in Vietnam
Aircraft support industries
Airbus to cooperate with Vietnam in space industry development
A photo of Hanoi taken by the VNREDSat-1 Illustrative image (Photo: VNA) Hanoi (VNA) - Airbus will work with Vietnam to develop the country’s space industry following a letter of intent inked recently between the company and the Ministry of Science and Technology. Potential areas of bilateral collaboration included the exchange of information on issues related to Earth observation, organising and participating in scientific and technological events, and research into satellite technology, according to Airbus. In 2010, Airbus won a contract to develop, manufacture and launch Vietnam’s first Earth observation satellite. The VNREDSat-1 was successfully launched in May 2013, enabling the country to better monitor and study the effects of climate change, predict and take measures to prevent natural disasters, and optimise the management of its natural resources. The European manufacturer is also developing its industrial presence in the country, where several local … [Read more...] about Airbus to cooperate with Vietnam in space industry development
Airbus backs Việt Nam’s space industry development
A photo of Hà Nội taken by the VNREDSat-1. - VNS PhotoViet Nam News HÀ NỘI — Airbus will work with Việt Nam to develop the country’s space sector following a recent letter of intent inked between the company and the Ministry of Science and Technology. Potential areas of bilateral collaboration included the exchange of information on issues related to Earth observation, organising and participating in scientific and technological events, and research into satellite technology, Airbus said in a statement. “Airbus and Việt Nam are already partners via the VNREDSat-1 satellite. This agreement will allow us to continue working together on topics related to Earth observation and satellite technology, helping to strengthen our close relationship,” said Nicolas Chamussy, head of Airbus Space Systems. In 2010, Airbus won a contract to develop, manufacture and launch Việt Nam’s first Earth observation satellite. The … [Read more...] about Airbus backs Việt Nam’s space industry development
US seeks further cooperation with Vietnam in defence industry
US Secretary of Defence James Mattis (R) and Vietnamese Defence Minister General Ngo Xuan Lich(Source: qdnd.vn) He made the proposals at a meeting with Vietnamese Defence Minister General Ngo Xuan Lich on the sidelines of the 17th Shangri-La Dialogue in Singapore on June 1st. The US is taking into account the transfer of jet trainers and other equipment to Vietnam, the US officer said. He used the occasion to thank Vietnam for hosting aircraft carrier USS Carl Vinson in the central city of Da Nang last March. The minister noted that the US welcomed Vietnam’s voice in the region and the world, and backs the country’s assumption of the chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2020. He also appreciated Vietnam’s participation in UN peacekeeping operations. The ministers highlighted practical outcomes of the Vietnam-US cooperation over the past time, saying these have matched the bilateral comprehensive partnership, contributing to peace … [Read more...] about US seeks further cooperation with Vietnam in defence industry
Vietnam Airlines, ST Aerospace set up aircraft maintenance firm
Vietnam Airlines and Singapore Technologies Aerospace Ltd (ST Aerospace) signed a memorandum of understanding (MOU) on April 26 to establish a joint venture for aircraft maintenance. Representatives of ST Aerospace and Vietnam Airlines at the Vietnam-Singapore Business Forum in Singapore. (Source: channelnewsasia.com) Taking place at the Vietnam-Singapore Business Forum in Singapore, the signing of the MOU was witnessed by Vietnamese Prime Minister Nguyen Xuan Phuc, who is on the second day of his official visit to the country. The joint venture is earmarked to be headquartered at the Noi Bai International Airport in Hanoi and to provide Vietnam Airlines and other airlines across the region with ST Aerospace’s Maintenance, Repair and Overhaul (MRO) solutions, with an average capacity of 17,500 aviation machines a year. The partnership will enable Vietnam Airlines to save time and costs as its planes’ maintenance and repairs will be done in Vietnam instead of … [Read more...] about Vietnam Airlines, ST Aerospace set up aircraft maintenance firm