Cooperation

By To Hang The Kuwait Amir chairs the last session of ACD summit on Wednesday. The summit gathering leaders and officials from 32 Asian countries is expected to lay foundation for high level cooperation in the continent.—Source fadc2012.media.gov.kw KUWAIT (VNS)– Asian leaders yesterday pledged to promote investment and remove trade barriers to achieve economic integration for all countries in the continent. The commitment was included in a communique of the first Asia Cooperation Dialogue (ACD) summit which was held in the State of Kuwait. "The mutual protection of assets in ACD member states will promote regional investments and economic integration while encouraging joint Asian investments in other continents", it said. The joint statement also stressed the importance of co-operation in the financial sector, where leading Asian financial centres will support financial institutions in emerging economies by … [Read more...] about Asian nations determined to boost trade cooperation

Ha Noi-- VietJet Air has signed an Inventory Technical Management (ITM ) services agreement with the SIA Engineering Company (SIAEC), a major provider of aircraft maintenance, repair, and overhaul (MRO) in the Asia-Pacific, the VietJet Air said today. "VietJet Air has decided to cooperate with SIAEC in a bid to meet the dispatch demands and strict maintenance work of its A320 fleet", Vice Director General of VietJet Air, Priram Singh said. With this cooperation, VietJet Air will provide its customers with cheap prices and friendly services, meeting international standards for low-cost flights, the Vietjet Air vice director added. Under the contract, SIAEC will provide VietJet's fleet of aircraft with a wide spectrum of ITM services, including spares pooling and support, component repair and overhaul. ITM services aim to bring high dispatch reliability for VietJetAir, can lower aircraft maintenance costs and effectively use the spares pooling and support of both sides. The contract … [Read more...] about VietJetAir signs technical cooperation with Singaporean Engineering Company

HA NOI (VNS)— The Governor of the State Bank of Viet Nam granted a license to establish the Cooperative Bank of Viet Nam at the request of the Central People's Credit Fund on Tuesday. The bank will be headquartered in Nguyen Thi Dinh street in Ha Noi's Cau Giay District. Its charter capital will be VND3 trillion (US$142 million) sourced from the State, the fund's members and other legal entities. The bank, licensed to operate nationwide for 99 years, will be allowed to set up a network of domestic and foreign branches once it secures the central bank's written approval.-VNS … [Read more...] about Cooperative bank established

According to the MoU, both sides agreed to exchange knowledge about auditing performance in the public sector, hold training courses and conferences as well as cooperate in other area related to public sector auditing. They also agreed to support each other at multilateral forums.At the signing ceremony, Vietnam’s State Auditor General Ho Duc Phoc said that since both sides established cooperative ties in 1999 and inked a MoU in 2011 in Bali, the two audit institutions have held conferences to exchange experience in fields of mutual interests.Vietnam hails practical cooperative activities with Indonesia’s audit body, he noted, expressing his hope that the MoU will serve as a catalyst to enhance auditing capacity for the two organisations and contribute to transparent finance management in the region.Meanwhile, Chairman of the Audit Board of Indonesia Moermahadi said that the bilateral cooperation will promote the audit capacity of both sides.ASEANSAI was founded in Jakarta, … [Read more...] about Vietnam, Indonesia step up audit cooperation