Pacific Corporation and ST Kinetics sign an Memorandum of Understanding
ST Kinetics is a subsidiary of ST Engineering, which is a part of Temasek Holdings in Singapore. The Company has a vast of experience in the land systems technologies, designing, development, system integration, manufacture and maintenance of weapon equipment, ammunition and defense platforms, etc., supplying to many customers all over the world.
Photo: Mr. Patrick Choy – Representative of ST and Mr. Phan Van Quý – Chairman of Pacific Corporation at the Signing Ceremony
Pacific Corporation has been given the principal agreement by the Prime Minister and Ministry of Defense to raise investment in the Defense Industry Project in accordance to the Government Office’s letter 935/VPCP-NC dated February 9th, 2010 and Ministry of Defense letter 5403/BQP-CNQP dated September 9th, 2010.
Both parties will develop and set up a production plan to serve the Vietnamese and international markets when all conditions are met in accordance to the laws and agreement by both parties.