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U.S. Trade and Development Agency


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FOR IMMEDIATE RELEASE:                                                                           MEDIA INQUIRIES:

  Donna Thiessen 

                                                                                                                                                                        (703) 875-4357

 

USTDA PROMOTES THE ADOPTION OF INTERNATIONAL STANDARDS IN VIETNAM

 

USTDA Country Manager Diana Rossiter (right) and Vietnam Airlines President and CEO Nguyen Xuan Hien (left) shake hands following the award of a USTDA grant supporting technical assistance to the airline in meeting global e-commerce standards.USTDA Country Manager Diana Rossiter (right) and Vietnam Airlines President and CEO Nguyen Xuan Hien (left) shake hands following the award of a USTDA grant supporting technical assistance to the airline in meeting global e-commerce standards.


HANOI – (September 15, 2006) Promoting development through the adoption of international standards is the goal of two USTDA grants awarded today in Vietnam totaling $795,000.  The grants will be used to fund technical assistance in meeting the standards of a global e-commerce initiative for the airline industry and in designing a national finance statistics information system consistent with accepted international standards.

 

Ms. Diana Rossiter, USTDA Country Manager for Vietnam, and Mr. Nguyen Xuan Hien, Vietnam Airlines Corporation President and Chief Executive Officer, signed an agreement to confer the first grant awarded today.  The $523,000 agreement was signed in a ceremony held at Vietnam Airlines’ headquarters in Hanoi.  Mr. John Simmons, U.S. Commercial Attaché at the U.S. Embassy in Hanoi, and Mr. Ngyuen Thi Thanh Van, Director of Vietnam Airlines’ Planning and Investment Department, signed as witnesses to the grant agreement.

 

The grant will be used to partially fund technical assistance to the airline in meeting the standards of the International Air Traffic Association (IATA) program Simplifying the Business (StB), a global e-commerce initiative for the airline industry.  The StB initiative strives to establish global standards, cost reduction measures, and international consistency to simplify airline processes pertaining to e-ticketing, bar-coded boarding passes, IATA e-freight, and similar operations.  By upgrading its systems, the airline will be able to better serve its expanding aviation market, enter into code-sharing with other compliant international carriers, and modernize its operations.

 

Vietnam Airlines has selected Unisys Corp of Blue Bell, Pennsylvania, to provide the assistance supported by the USTDA grant.  In carrying out the technical assistance program, Unisys will determine the system upgrades necessary to comply with IATA standards.  In addition to the USTDA grant awarded today, Vietnam Airlines will contribute additional resources toward the completion of the technical assistance and will provide the funding required for the implementation of the systems recommended by Unisys.   

 

The second grant awarded today was conferred in a signing ceremony held at the Ministry of Finance (MOF).  The grant agreement was signed by Mr. John Simmons, U.S. Commercial Attaché at the U.S. Embassy in Hanoi, and Mr. Pham Cong Minh, Deputy Director of the MOF’s Department of Financial Information and Statistics. Mr. Greg Walters, USTDA Asia Business Development Manager, and Mr. Dinh Huu Loi, Deputy Director of the MOF’s Minister's Office, signed as witnesses to the grant agreement. 

 

 

                                                                                                        Mr. John Simmons (left) and Mr. Pham Cong Minh (right) shake

                                                                                                        hands following the award of a grant to the MOF on the

                                                                                                        development of a modern financial system.

 

The $272,000 grant will support technical assistance to the Ministry in meeting its mandate to build a complete information system for financial statistics by 2010.  The MOF has approved a plan to create a modern financial system following the Government Finance System standards of the International Monetary Fund.  The USTDA grant will assist the Ministry in developing a new system capable of providing reliable, transparent and up-to-date trade and economic data consistent with the expectations of international investors and financial institutions.     

 

The contracting opportunity associated with the USTDA grant to the MOF will be announced on the Federal Business Opportunities website at www.fedbizopps.gov.  U.S. firms should submit proposals according to the instructions contained in the Federal Business Opportunities announcement.  The MOF will select the U.S. firm that will provide the USTDA-funded assistance associated with the grant.

 

The U.S. Trade and Development Agency advances economic development and U.S. commercial interests in developing and middle-income countries.  The agency funds various forms of technical assistance, early investment analysis, training, orientation visits and business workshops that support the development of a modern infrastructure and a fair and open trading environment.  USTDA’s strategic use of foreign assistance funds to support sound investment policy and decision-making in host countries creates an enabling environment for trade, investment and sustainable economic development.  In carrying out its mission, USTDA gives emphasis to economic sectors that may benefit from U.S. exports of goods and services.

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