Although foreign direct investment (FDI) in 2020 is likely to be weaker than 2019 due to Covid-19, Fitch Solutions expected the Vietnamese central bank to continue intervening to maintain the Vietnamese dong (VND) stability over the coming quarters and have revised its forecast for the VND to average VND23,250/USD in 2020, from VND23,475/USD previously. The page provides the exchange rate of 2020 Vietnamese Dong (VND) to Canadian Dollar (CAD), sale and conversion rate. A travellers guide to Vietnamese Dong forecasting 21st January 2020 Vietnam calls Aussies with the promise of fragrant food, incredibly low prices and a culture unlike our own. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. The U.S. Treasury Department has branded Vietnam and Switzerland as currency manipulators while putting China and nine other countries on a watch list in … Some people suspect that Doan Trang is linked to the Dong Tam case as she authored and distributed two Vietnamese-English reports on Dong Tam (in February and September 2020). Vietnam, A Step Closer to Democracy With The Latest Nationwide Protests? Full history please visit VND/USD History The state of public governance in Vietnam is similar to China’s – a combination of a communist one-party rule that suppresses human rights and a party-controlled market economy that favors members and sympathizers of the party. The estimate clearly is of no use to citizens who want to inspect and oversee financial transparency. military [base] in the country…” and “will not use force or threaten the use of This is a bit complicated. influential, politically influential, strong international alliances and strong Will #MeToo finally have its break in Vietnam? Vietnamese Prime Minister Nguyễn Xuân Phúc has recently signed an order that puts cryptocurrency and blockchain among its top-5 priorities. Meetings with relatives, defense counsels and consular access of persons held in custody or temporary detention[…]4. Not many countries in the world have had such a long and complicated history with China as Vietnam does. However, these strictly party affairs actually draw from the government’s budget, tapping into taxpayer money that could be used for state administration or policies supporting people’s livelihoods. The paper was the first of They had dealt with protests before, but those involved economic issues. Here is the text: Article 88. These protests were about protecting the country’s territorial integrity, which was at the core of the nationalism that the party had spent its whole history building. Expenses of all Party congresses up to the 13th National Party Congress this year are regulated by Decision 3989-QĐ/VPTW, issued August 16, 2019 by the Central Party Office. The central bank bought up over US$4 billion in the first seven months of the year. Her famous book titled “Politics for the Common People” was published in 2017, and there was a report on the environmental disaster in central Vietnam in 2016. Photo Source: baotintuc.vn. The currency code for Dongs is VND, and the currency symbol is ₫. However, the lamp of freedom had already been lit in the hearts of many Vietnamese. Vietnamese people are well aware that bad governance is the root cause of a slew of major challenges afflicting their lives such as unsafe food, land disputes, low wages, heavy pollution, low-quality education and healthcare, poor infrastructure, wrongful convictions, and a wide range of other human rights abuses. Since 19 June 2014, the Vietnamese dong has been devalued a total of five times in an effort to help spur exports and to ensure the stability of the currency. A number of cryptocurrency exchanges recently have shown interest in launching stablecoins pegged to Vietnam’s national currency. They will elect members to the Party’s Central Committee, from which the Secretariat and the Politburo will be drawn, as well as those positions seen as stepping stones to Vietnam’s top leadership posts. A similar mass movement happened in June 2018 when the Parliament attempted to pass a special economic zones bill that were seen to open up three strategic areas in Vietnam for China. The country’s policy of pacifism, Translated by Will Nguyen. Skirmishes still break out between the two countries, something the Vietnamese frown on. military.”. So  we’re left to ask, which level or levels of jurisdiction ultimately decide the budget for the Party congresses? Communist Vietnam uses even less-restrained language for its domestic opponents, whom it considers to be at virtual war with: The hostile forces who conspire with reactionaries and political opportunists inside the country have no given up their plots against the Vietnamese revolution. After all, Vietnam was colonized by China for about 1,000 years before it finally gained its independence in 938 AD. The “legal” basis often cited in related documents mostly stems from Decision #99-QĐ/TW, issued May 30, 2012 by the Party Central Secretariat, promulgating regulations on Party business expenses, of Party organizations at the fundamental level and those directly above (“Decision 99”). This article will summarize a number of counter-intuitive but actual political realities that Vietnamese citizens have faced for decades and will most certainly continue to face if fundamental changes do not occur. position in 2010. But this, perhaps, demonstrates best the contradictory manner in which the Vietnamese Communist Party handles budget transparency. Without explicitly calling out China as the culprit of “unilateral actions” and “power-based coercion”, a section in the white paper makes Vietnam’s opposition clear: New developments in the East Sea, including unilateral actions, power-based coercion, violations international law, militarisation, change in the status quo, and infringement upon Viet Nam’s sovereignty, sovereign rights, and jurisdiction as provided in international law, have undermined the interests of nations concerned and threatened peace, stability, security, safety, and freedom of navigation and overflight in the region. However, here is what we can expect: Contact Trinh Huu Long: long.trinh@liv.ngo. And this is a conservative estimate. Why are they charging her with two crimes under two separate penal codes? Because of this opacity, I’m forced to look for sources of information at lower levels and with broader scope. If the investigative agency requests the detention facility not allow the detainee to meet with relatives, the facility head may accept the request, and Doan Trang will not be able to see her family before trial. The People’s Procuracy of Ha Noi later approved these motions. Ranking comes on heels of defense white paper release detailing foreign policy, assumption of ASEAN chairmanship and UN seat. As a result, Fitch Solutions forecast the Vietnamese dong (VND) to average VND23,250/USD in 2020 and VND23,400/USD in 2021. 02:19 Tue, Dec 22 2020 2:50 AM EST Your email address will not be published. The general scope of regulations in the Law on Access to Information excludes transparency regarding the operational finances of political and socio-political groups. Binance has announced support for Binance Vietnamese Dong [BVND], a BEP2 stablecoin pegged to the Vietnamese Dong [VND]. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. Five Facts About Vietnam’s Death Sentences and Executions in 2018, “Piss on Trump” Opens Up Much Needed Debates on Individual Rights Among Vietnamese. The state budget was created to help political and socio-political organizations balance their operational books. In writing the white paper, Vietnamese Dong Currency Update November 2020. the Communist Party of Vietnam). alliance will be placed under the leadership of one country, normally a large the Central Military Commission (CMC, the highest party organ in Communist Vietnam U.S. News and World Report ranked Communist Vietnam the In the case of committing less serious crimes, the offenders shall be sentenced to between 10 and 20 years of imprisonment. Pham Thi Doan Trang, a leading democracy activist and a prominent Vietnamese journalist, was arrested on October 6, 2020 in Ho Chi Minh City by Vietnamese police. The two crimes that Doan Trang is charged with are almost the same. Currently, costs associated with organizing Party congresses remain ambiguous. However, reports that China established administrative units in disputed areas in the South China Sea in late 2007 angered the Vietnamese public. Party members could not tolerate any form of social mobilization that could potentially challenge their power. Vietnam does not The page provides the exchange rate of 2020 Vietnamese Dong (VND) to US Dollar (USD), sale and conversion rate. Here is the date you need to remember: January 1, 2018. Yet by an ironic twist of fate, it saved the Vietnamese people from the starvation that the party itself created before it began an economic reform program called Doi Moi in 1986. to 2.3 percent of GDP, an increase from 2.23 percent in 2010. According to The Diplomat, “during [Vietnam’s] campaign for the seat and in comments thereafter, officials have indicated that [their goals] would generally include areas such as promoting sustainable development and advancing preventive diplomacy, drawing on Vietnam’s own historical experience with war and peace as well as contemporary events such as its hosting of the second Trump-Kim summit.” Communist Vietnam last held a seat on the UNSC in 2008-2009. In 2014, more anti-China protests flared up across the country, involving not only activists but also workers, farmers, and students, due to China’s deployment of the Haiyang Shiyou 981 oil rig to Vietnamese waters. 47 and it did not go through. The ASEAN chairmanship rotates through its ten are being sold in Vietnam, and while people complain about shoddy goods from the mainland, they have not found a way to stop the sales of these goods within their borders. USDVND | A complete Vietnamese Dong currency overview by MarketWatch. Below, you'll find Vietnamese Dong rates and a currency converter. In 1988, China and Vietnam clashed in the South China Sea when China’s warships attacked and killed 64 Vietnamese soldiers and seized the Johnson Reef. Ha Noi Police confirmed the information with the Tuoi Tre newspaper. Decades of fighting—from the independence struggle with the French before 1945, the Dien Bien Phu victory in 1954, the Vietnam war with the United States, and 10 years of conflict with China starting in 1979—helped build the communist party’s legitimacy. Article 22. Her family told us that they were informed by Ha Noi Police in the evening of October 8 that she is being detained at Detention Center No. bloc will no longer be independent and have the autonomy to decide things on For example, this past April, official correspondence from the Lang Son Province People’s Committee sent to the Ministry of Finance asked for financial support in organizing the province’s Party congresses for the 2020-2025 term. that would guide Communist Vietnam’s foreign policy: “Vietnam will not join any military alliances, will not associate with As such, when speaking of jurisdiction and general scope, documents issued by Party organizations are no less valid than laws passed by the National Assembly or decrees issued by the government. they are not entirely compatible with the country. Many Vietnamese citizens hold Hong Kong freedom fighters Joshua Wong, Nathan Law, and Agnes Chow Ting in high regard. On the other hand, the State Budget Law contains Article 15, which stipulates responsibility for publicizing the state budget. The Vietnamese dong is not expected to rise in value or be significantly re-valued in the foreseeable future, according to Forbes. However, the roster of expenditures only lists three accounts: normal costs (the highest, at 343 trillion dong, or US$14.7 billion), interest and debt costs, and salary reform costs. “The VND may move within the range of 0.5 percent on either side,” VNDirect forecast, adding there will be more upside risks for the dong in 2021. According to the document, money spent to cover the expenses of representatives and guests for the two-day Party Congress at the commune-level alone would amount to almost 800 million dong, propaganda work in service of the congress would be 150 million dong, and money “for direct supplement payment” would be nearly 300 million dong. Hong Kong films have been overwhelmingly popular in Vietnam for decades. 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