Vietnam Helicopter Corp signs USD 216 million insurance deal

15 Aprril 2014, Vietnam Helicopter Corp (VNH) has signed a contract worth nearly  USD 612 million with a consortium of three domestic insurance firms, including Baoviet Holdings and PVI Holdings and  Military Insurance Corporation (MIC). Insurance contract is valid for the period 2015-2016.

PVI is the leader of Insurance Consortium, insurance rates are as follows: PVI Insurance (60%), Baoviet Holdings (30%) and MIC (10%). With responsibility covered over USD 150 million per incident. The insurance contract will provide for 28 aircraft, 136 pilots and technicians with a total value of nearly USD 216 million.


General Department of Logistics & Technology - Ministry of Public Security, Vietnam Government Information Security Committee - Ministry of Defence, Vietnam Computer Emergency Response Team (VNCERT) and International Data Group (IDG ASEAN) would like to introduce:


Time: 25th March 2015
Venue: Melia Hotel, Hanoi


Conference theme: Strengthening information security to protect privacy & enable trust in today’s risk landscape



  • How the Internet of Everything will shape the next 25 years of Internet history?

  • Strengthening information security and privacy in Vietnam while addressing increasing security risks

  • Fighting Mobile threats – Worry-free Security for your work and life

  • How to Maintain Proactive security in the Post-“Heartbleed” and “Shell Shock” World?

  • Emerging storage and technologies to accelerate Big Data Analytics

  • Accelerate the ROI of the cloud and virtualization with security for the modern Data Center

  • Understanding and Defending against the modern DDoS attack

  • Network vs. Endpoint vs. Application – How to best protect your organization from Advanced Persistent Threat (APT)



Sponsorship Registration Enquiry

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Delegate Registration Enquiry




Ms. Nguyen Van Anh
General Manager -
IDG Public Sector

Ms. Le Linh Chi
Content & Marketing

Mr. Nguyen Vinh Nguyen
Attendee Executive

Tel: +844 3933 5611 ext. 18
HP: +84 906 061 688
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Tel: +844 3933 5611 ext. 20
HP: +84 946 004 486
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Tel: +844 3933 5611 ext. 27
HP: +84 977 999 094
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Russia will hand over the third Kilo submarines 636 class for Vietnam by year-end 2014

The  third Diesel-electric submarines 636 Project will be transferred to Vietnam Naval Forces before the end of this year.

A senior source in the Russian shipbuilding industry said the fourth submarine will be delivered to customers in 2015. The fourth Kilo submarine will conduct tests in this year.

The multipurpose diesel-electric submarines of Project 636 belong to the third generation. They are considered one of the quietest in the world, and the submarines can cruise underwater at a speed of 20 knots and has a cruising range of 400 miles.

Vietnam plans to expand airports to handle growing passenger traffic

Vietnam is preparing to expand its airports and start work on the development of new international hubs to tackle the increasing number of air travellers.

Key expansion projects were presented by deputy director of airport operation department at the Airports Corporation of Vietnam (ACV) Vu Pham Nguyen An at the Annual South East Asia airport expansion summit recently held in Hanoi.

The projects will be carried out at six airports across the country, including two major airports in Hanoi and Ho Chi Minh City.

The construction of Terminal 2 at the Hanoi airport will be completed by the year end and is expected to serve up to 15 million passengers annually by 2020.

"The project will be submitted to the Vietnamese National Assembly for approval in October."

The government will further consider the need for two additional terminals, which will help the airport to increase its capacity to 50 million passengers annually by 2020.

While the first phase of the construction was completed in April, the other phases will be finalised by early 2015.

The government will also upgrade the domestic terminal and develop the international terminal of Tan Son Nhat International Airport in Ho Chi Minh City.

According to the plans, the domestic terminal will be extended to 40,048m² and will handle up to 113,000 flight movements every year, while the international terminal will see the expansion of the left and right wings as part of the Terminal 2 renovations. A total of 40 additional check-in counters and two waiting halls will also be added to help increase the passenger capacity.

In addition, repair and expansion projects are being implemented in the airports in Hai Phong city, and in the Khanh Hoa, Nghe An and Thanh Hoa provinces.

While talking to the Vietnam News Agency, Nguyen An said that there was also a plan to construct Long Thanh International Airport in Dong Nai province's Long Thanh district.

"The airport will handle 100 million passengers and five million tonnes of freight a year," Nguyen An said.

"The project will be submitted to the Vietnamese National Assembly for approval in October."

Israeli Company Elbit Systems to upgrade main battle tank for a customer in Asia-Pacific region

  The Israeli Company Elbit Systems has been awarded a $290 million contract by a customer in the Asia-Pacific region to perform a tank upgrade program. The contract will be performed over three years. The tank upgrade includes night vision technology integration. Elbit Systems will also provide equipment such as gunner sights and fire control systems.

Elbit Systems said that the upgrade program will provide the tanks with night operation capabilities through advanced systems such as gunner sights and fire control systems.

Elbit Systems president and CEO Bezhalel (Butzi) Machlis said, “We are very pleased to be awarded this significant contract, demonstrating our unique capabilities and experience in upgrading main battle tanks. Asia-Pacific is one of Elbit Systems’ key markets and we are very glad to announce yet another success in this region.”

The new contract is a timely boost for Elbit Systems after yesterday’s disappointing fourth quarter and full year results for 2013 saw the company’s share price fall 3.67% on Nasdaq to $59.64, giving a market cap of $2.52 billion.

The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems ("UAS"), advanced electro-optics, electro-optic space systems, EW suites, signal intelligence ("SIGINT") systems, data links and communications systems and radios.

The Company also focuses on the upgrading of existing military platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services, including training and simulation systems.