Maritime acquisition publication 01 470

Jakarta (VNA) – The third Multilateral Naval Exercise Komodo 2018 (MNEK 2018) began on Lombok island in Indonesia’s West Nusa Tenggara on May 5. The biennial event aims to strengthen friendship, build trust, and enhance coordination capacity among naval forces in humanitarian assistance and settlement of maritime security matters. Themed “Readiness and Cooperation for Responding to Humanitarian and Disaster Relief Contingencies,” the Komodo drill 2018 is expected to promote collaboration among countries in the field, especially in giving early warnings to prevent disasters, mitigate damages, and increase emergency rescue. Participating naval officers witnessed traditional performances such as parachuting, aircraft demonstration, and international fleet review with the participation of 50 ships of all kinds from countries, including Hospital Ship 561 of the Vietnam People’s Navy. The Komodo exercise was initiated in 2014. This year’s event … [Read more...] about Indonesia’s Third Multilateral Naval Exercise Komodo begins

Hanoi (VNA) – The Investigation Police Agency under the Ministry of Public Security (C03) on January 21 launched legal proceedings against four more people for allegedly involving in the case of Nhat Cuong Mobile company. The C03 arrested three men with search warrants also issued for them. Meanwhile, another man is being wanted on suspicion of smuggling. Last May, the police issued a nationwide wanted notice against Bui Quang Huy, director-general of Nhat Cuong Technic Co., Ltd, the parent company of Nhat Cuong Mobile, a popular smartphone chain store in Hanoi. Huy, born in 1974, was charged with smuggling; money laundering; and violating accounting regulations, causing serious consequences. When the police attempted to arrest him, he fled the country. Huy and his accomplices are accused of organising a transnational smuggling ring and establishing two systems of accounting documents to conceal trillions of VND worth of revenues. Two officials at the Hanoi … [Read more...] about Four more face legal proceedings in Nhat Cuong case

Hanoi (VNA) - The Ministry of Finance has reported that twelve out of 136 wholly state-owned enterprises had posted losses of 720 billion VND in total (31 million USD) in the first half of last year, and six others faced warnings regarding financial security. The report pointed out state-owned enterprises (SOEs) that posted big losses, including Vietnam Maritime Corporation, Vietnam Coffee Corporation and Corporation 15, with 617 billion VND, 37 billion VND and 48 billion VND, respectively. The report focused on evaluating business performance and publicised financial information from SOEs and enterprises that had at least 50 percent of their charter capital controlled by the State. As of November 30, four out of 20 ministries, ministerial-level agencies and Government agencies had not submitted full financial reports for the SOEs under their management, the report said. On top of that, ten out of the 63 People's Committees in the … [Read more...] about Twelve SOEs report losses in 2019

Excessive alcohol consumption resulted in 79,000 deaths and hundreds of thousands of hospitalisations for the treatment of alcohol-related diseases including stroke and hypertension in 2016 alone, said Kidong Park, the World Health Organisation Representative in Vietnam. … [Read more...] about Drink drivers could have their licences revoked permanently

Hanoi (VNA) – Hanoi will grow about 120,000 trees in districts, towns, public places, offices, schools and hospitals this spring in memory of President Ho Chi Minh. The tree planting festival will take place from January 30 to February 5 throughout the capital city. In 2020, the city plans to have up to 250,000 new trees.  Vietnamese people have a special tree planting festival in spring, which highlights the country’s traditional custom initiated by President Ho Chi Minh in the hope of greening up the country./. … [Read more...] about Hanoi to plant about 120,000 new trees this spring