Archive for the ‘Vietnam’ Category

Russia to build 12 fighters for Vietnam

May 14, 2009

Russia has secured an order from Vietnam for 12 Su-30MK2 fighter jets worth more than 500 million dollars (368 million euros), the Vedomosti newspaper said, citing top aviation industry officials.

The contract with Russian state arms exporters Rosoboronexport was inked in January, according to the paper.

AFP

Russian jets over the Kremlin in Moscow. Russia has secured ...

Russian jets over the Kremlin in Moscow. Russia has secured an order from Vietnam for 12 Su-30MK2 fighter jets worth more than 500 million dollars, the Vedomosti newspaper said, citing top aviation industry officials

(AFP/File/Alexander Nemenov)

The supersonic fighter jets are to be sold without on-board weapons, and no time frame was given for the deal.

Contracts for missiles and other arms to equip the planes are worth hundreds of millions of dollars more, the daily reported.

Just last month, media reported Russia had sealed a 1.8-billion-dollar deal for the sale of six submarines to the Vietnamese navy.

With these contracts Vietnam becomes one of Russia’s five largest arms clients, alongside India, Algeria, Venezuela and China, Vedomosti said.

The weapons trade has proved one of Russia’s most profitable sectors since the collapse of the Soviet Union.

Read the rest:
http://news.yahoo.com/s/afp/20090514
/bs_afp/russiavietnamdefence_20090514065823

Related:
Vietnam Orders Fleet of Russian Subs, Sending Message to China

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Vietnam Orders Fleet of Russian Subs, Sending Message to China

May 7, 2009

In what may be a not-so-stealthy message to Beijing amid citizen protests of China’s growing influence in its country, Vietnam has ordered a small fleet of silent Russian attack submarines.

Foreign policy experts say Vietnam’s national identity is bound up in the idea of opposition to China, and the deal to buy the subs is the latest sign that the country of 87 million is concerned about “Sinification.”

By Joseph Abrams
Fox News

“The Vietnamese government is committed to a normal relationship with China, but nobody in Vietnam sleeps with their China eye closed,” said Brantly Womack, professor of foreign affairs at the University of Virginia.

“A good part of Vietnam’s patriotic identity is its righteous resistance to China.”

Vietnam’s $1.8 billion deal with Russia for six Kilo-class submarines is a substantial order for the tiny, struggling country, whose annual military budget is estimated at just $3.6 billion, according to Jane’s Intelligence Review.


Above: Kilo submarine
.
While not a signal of an arms race, “it’s something that is pretty clearly a response to Chinese buildups” of force in the area, said Womack….

Read the rest:
http://www.foxnews.com/story/0,2
933,519341,00.html

Related:
China rejects US criticism over military strength

China “Demands” U.S. Stop Violating Chinese Exclusive Economic Zone
.

China’s Military Build-Up Meant To Take On U.S., Says Joint Chiefs Chairman

China’s Naval Might: Future Dawning Quickly

China’s Lust for Resources May Be Vietnam’s Gain

May 2, 2009

Vietnam is pressing ahead with efforts to lure investments from Chinese mining companies despite facing an increasingly bold environmental lobby at home and a deep-seated suspicion of China.

Prime Minister Nguyen Tan Dung calls mining an important element in Vietnam’s economic development. But in recent weeks, growing opposition to mining has put his government on the defensive.

On Tuesday, Deputy Industry Minister Le Duong Quang issued a statement saying a state-run Vietnamese company will go ahead with a $460 million venture with a Chinese company to extract bauxite ore from Vietnam’s pristine Central Highlands region. But in an apparent attempt to placate criticism, he emphasized that the Chinese company won’t have an equity stake in the project.

Mining poses a policy conundrum for Vietnam’s Communist leaders. The country has a large trade deficit with China — $11 billion in 2008 — and is eager to increase exports such as minerals to its larger, more prosperous northern neighbor.

Chinese companies, for their part, are keen to participate in mining projects in the Central Highlands, which the Vietnamese government says holds 5.4 billion metric tons of bauxite — the world’s third-largest reserve of the ore, which is used as a raw material to make aluminum. Vietnam says it needs around $15.6 billion to invest in mining and refining bauxite by 2025 in order to make the most of its deposits.

Read the rest fromThe Wall Street Journal:
http://online.wsj.com/article/SB1
24122437540679313.html