part of such an alliance means you have to completely align with one side and The following shows that day's exchange rate of the currency pairs. active alliance with either the US or China would bring about its own set of challenges, What will happen next? Article 117. Here is a legal briefing updated on the morning of October 9, Vietnam time. 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”). The peak of the migration wave was when Hong Kong became home to 200,000 Vietnamese asylum seekers. Share. Eventually, the party cracked down on the protests. The state budget was created to help political and socio-political organizations balance their operational books. Hong Kong films have been overwhelmingly popular in Vietnam for decades. For comparison, the FAQs About The Special Economic Zones and Vietnam’s SEZ Draft Bill, EU Parliament’s Members Ask Vietnam To Release Activist Hoang Duc Binh, Reiterate Human Rights Benchmark for EV-FTA. IMF says Vietnam is on the GDP path surpassing all other ASEAN Countries despite the pandemic. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. Poor-quality products from China (electronics, clothes, food, etc.) 47th, the Philippines 51st, Myanmar 53rd, Thailand 54th, and 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. 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. According to Article 74 of the Criminal Procedure Code, “the head of the Procuracy is authorized, when confidentiality of investigations into national security breach is vital, to sanction defense counsels’ engagement in legal proceedings after investigations end.”. VND/USD close:0.00004 low:0.00004 high:0.00004 ... More Vietnamese Dong info > USD - US Dollar. The country’s weakest attribute was its lack of “strong international alliances”, an area which is unlikely to improve, according to the country’s recently released defense white paper. The People’s Procuracy of Ha Noi will issue an indictment prosecuting Doan Trang. 02:19 Tue, Dec 22 2020 2:50 AM EST Malaysia 58th. 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. Here is the text: Article 88. on military policy) and the Ministry of National Defense (MND) said they consulted with representatives What allegations has the Vietnamese government made against Pham Thi Doan Trang? Making, storing, spreading information, materials, items for the purpose of opposing the State of the Socialist Republic of Vietnam1. The expansion of foreign reserves “should be supportive of the Vietnamese dong” and the local currency should “remain stable at current level towards the end of 2020,” VNDirect said. 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. It is unclear when the motions were filed and approved. Went to my local branch of WF to buy some Dong and told no longer available..this was on PM the 14th. of former senior military leaders, as well as with members of the public who Conducting propaganda against the Socialist Republic of Vietnam1. Before diving deep into legal issues, we’ll provide a general overview on how budgets are used for Party congresses. Editor_In_Chief: Trinh Thanh Thuy You will probably agree with me that the audio and video quality is much better than that of the […], Sterling Currency Group (Dinar Banker) Court Documents Request – Leave A Comment at the bottom of this post. Do you want to INVERT these currencies? Fast forward to today: The territorial dispute over the South China Sea—which also involves Taiwan, the Philippines, Malaysia, and Brunei—is also a factor behind this sentiment. It is a system that puts a premium on economic development at the expense of fundamental freedoms. The population of Quang Tri is about 600,000 and Lang Son about 800,000; both provinces have among the smallest populations in the country, and both economies perform below the national average. Where exactly is Doan Trang being detained? Convert United States Dollar To Vietnam Dong . 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. This is not some kind of sensational headline to attract readers; it’s the truth. In this case, it could become very complicated as with the case of blogger Nguyen Huu Vinh, who was detained for 22 months before going to trial. 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. Ha Noi Police confirmed the information with the Tuoi Tre newspaper. attributes that related to a country’s power: a leader, economically The silver screen has also influenced Vietnam’s perspective on Hong Kong. But while the pro-democracy bias may seem to overlap with the anti-communist sentiment, these are not exactly the same for Vietnamese people. 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. The word đồng derives from the Chinese tóng qián, which refers to Chinese bronze coins from the dynastic periods of China and Vietnam. members annually, in alphabetical order. There’s no doubt that Hong Kong pro-democracy movement fits perfectly into the Vietnamese people’s worldview, which has been shaped by the latter’s long and complicated history of dealing with China and communism, as well as nationalist and anti-government fervor. Government Decree 163/2016 provides a bit more detail to the State Budget Law, stating in Article 9 that the government “entrusts the Ministry of Finance to lay out specifics in the management and use of the state budget for Vietnamese Communist Party bodies.”. This article appeared on National Review (Online) on December 18, 2020. Concurrently, 2020 will also see Communist Vietnam serve as a non-permanent member of the UN Security Council (UNSC), a position which it bid on and won by unanimous vote. China claims almost all of the area bounded by its nine-dash line. In an interview with VNExpress, Vinh Beyond movies, Hong Kong is also a popular tourist destination among Vietnamese, especially during summer and New Year’s holiday. The central bank bought up over US$4 billion in the first seven months of the year. The magazine defines powerful countries as Vietnam, A Step Closer to Democracy With The Latest Nationwide Protests? In January 2015 the State Bank of Vietnam devalued the dong to help Vietnamese exporters who rely on a competitive currency, reports Bloomberg. Suddenly, mass protests against the Chinese government broke out in the capital city, Hanoi. 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. some existential. Vietnam watchers have acknowledged that the I … 01/13/21; Crypto Company BitGo Hires Coinbase’s Former Compliance Chief . defended the country’s policy of no military alliances, stating that “Being a More specifically, the provincial People’s Committee requested nearly 10 billion dong for the provincial Party Congress and 66 billion dong for district-level congresses. There is no chance that the case will be brought to the People’s Supreme Court, the highest tribunal of the land, as it requires motions filed by either the prosecutor general or the chief justice, both controlled by the very ruling Communist Party that wants to silence critics to protect their monopoly. But the two charges suggest that the police take the case further than that. Translated by Will Nguyen. Communist Vietnam rose two spots in the rankings from 2018, bolstered in particular by its high score for “strong military”. Finding information on the costs of organizing the Party Congress specifically, and the costs of running party organizations more generally, forced me to try my luck with reports from the Ministry of Finance, the state management body directly responsible for the budget and national expense. The Vietnamese Dong is expected to trade at 23088.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. headlines, preoccupy policymakers and shape global economic patterns” and forms force in international relations” unless it is under attack. Article 22. 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 answer lies in the two country’s shared history and similar political movements. However, when trillions of dong are spent simply for the Communist Party to pick its own board of leaders, then taxpayers all over the country should accelerate discussions on why this phenomenon keeps occurring. The two crimes that Doan Trang is charged with are almost the same. One might ask, why does Vietnam support Hong Kong’s pro-democracy movement? But the Vietnamese dong is also fully qualified as an alternative investment. Log in. 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. The only reason Doan Trang is charged with the same crime under both the old and current penal codes is that the government has been “investigating” her activities both before and from January 1, 2018. 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. Vietnamese Dong Exchange Rate Forecast Monday, 18 January 2021. Communist Vietnam last served in the Family visitation, according to Article 22 of the Law on Temporary Detention and Custody, depends on the decision of the head of the detention facility. The latest information from the mainstream media is that Doan Trang has been transferred to Ha Noi. An extremely serious case of this offence shall carry a penalty of 10 to 20 years’ imprisonment.3. This, while they lean toward democratization and support democratic movements such as the ones in Hong Kong, Burma, and Venezuela. The currency symbol is ₫. By Staff Writer Last Updated Apr 12, 2020 9:37:03 PM ET. The People’s Procuracy of Ha Noi later approved these motions. There were even expenditures totaling more than 10 billion dong to “renovate and repair service projects for the Party Congress at all levels” (these fixed expenses should have been calculated separately according to the law; it is unknown how this is permissible). For the first time in the country’s history since 1975, Vietnam saw a protest movement in 2011, which lasted for almost three months, from June to August. Although the arrest was jointly conducted by Ha Noi Police, the Ho Chi Minh City Police, and the Ministry of Public Security (MPS), the lead agency is the local government of Ha Noi. Vietnamese Prime Minister Nguyễn Xuân Phúc has recently signed an order that puts cryptocurrency and blockchain among its top-5 priorities. Because of this opacity, I’m forced to look for sources of information at lower levels and with broader scope. Appeal […] the Communist Party of Vietnam). All protests have been severely suppressed by the government. However, the detailed budget information provided was not helpful for readers, regardless of what they were looking for. It’s not easy to find a Vietnamese over 30 years old that has never watched a Hong Kong film or is unfamiliar with Hong Kong film stars. The country’s policy of pacifism, Until the late 1980s, Hong Kong played the role of a “port of first refuge” for Vietnamese people fleeing political persecutions and abject poverty in their country following the end of the Vietnam War. The Vietnamese dong is not expected to rise in value or be significantly re-valued in the foreseeable future, according to Forbes. Our currency rankings show that the most popular Viet Nam Dong exchange rate is the VND to USD rate. 2020-12-20. Cryptocurrency exchange VNDC is launching a Vietnamese Dong-pegged stablecoin that is 100% backed by collateral held by Hong Kong-based regulated trustee First Digital Trust. After all, Vietnam was colonized by China for about 1,000 years before it finally gained its independence in 938 AD. Although Vietnamese people acknowledge that the country has improved significantly economically, severe corruption and deep inequality are among the biggest threats to the regime’s legitimacy. Full history please visit VND/USD History military [base] in the country…” and “will not use force or threaten the use of Given these trouble at sea, some people even suspect China of wanting to destroy Vietnam’s economy. Therefore, if I use the figure for Lang Son (85 billion dong) as the average for each province, then I can extrapolate that the total costs for organizing Party congresses in all 64 cities and provinces is nearly 5.5 trillion dong, not including the central Party organizations and the National Party Congress. Many Vietnamese admire South Korean dictator Park Chung-hee, Chinese nationalist leader Chiang Kai-shek, and Singapore’s founding father Lee Kuan Yew, who was known for his authoritarian leadership style. 2020 VND = 0.08758 USD. Vietnam’s deputy foreign minister, Nguyen Quoc Dung, commented at a lecture at The Institute of Southeast Asian Studies in Singapore that he “hope[s…] during our chairmanship China will show restraint and refrain from these activities [that violate Vietnam’s Exclusive Economic Zone],” adding that “it wasn’t that other ASEAN countries supported China’s actions, but that they did not protest in the same way.”. Articles 88 and 117 fall under the national security chapter of the Penal Code, and therefore access to lawyers is not guaranteed. "Since February, the real value of Vietnamese dong has risen slightly," Binh said. According to the data Luat Khoa Magazine has gathered in previously articles, this amount is enough to keep the Government Inspectorate and the Government’s Committee for Ethnic Minority Affairs operating for more than 25 years, with enough left over to fund the Ministry of Agriculture and Rural Development—one of Vietnam’s pivotal ministries—for up to a year (the 2020 estimate is 5.3 trillion dong. Few people dared to gather in the streets. Ranking comes on heels of defense white paper release detailing foreign policy, assumption of ASEAN chairmanship and UN seat. That the Vietnamese communist revolution ended in 1986 with capitalist market reforms has not abated the usage of these anachronistic and binary terms. Some others think her case is mainly about her role at the Liberal Publishing House, a samizdat publisher founded in February 2019. U.S. News and World Report ranked Communist Vietnam the Take this example from April 15, 2020:  the Ministry of Finance issued an estimated implementation of the 2020 Quarter I budget, that is, the time period during which finance plans and preparation costs for Party congresses are laid out beginning in May. 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. Deputy Minister of National Defense Senior Lieutenant General Nguyen Chi Vinh highlighted the “4 No’s” Learn also about the latest attempts on Putin and by whom. Entry Submitted by Steve L at 7:57 PM EST on December 14, 2020 We were informed by gurus last week that WF and Chase still had Dong available for sale. Mass protests introduced a radical change in a repressive regime like Vietnam. The Swiss Franc and Vietnamese Dong — the Odd Couple . By Steve H. Hanke. It’s unclear whether or not Doan Trang will be allowed access to legal representation and to receive family visitation. Some of them oppose the communist regime but embrace other authoritarians at the same time. the Central Military Commission (CMC, the highest party organ in Communist Vietnam December 18, 2020 • Commentary. wielded against “hostile forces” in the domestic realm. However, reports that China established administrative units in disputed areas in the South China Sea in late 2007 angered the Vietnamese public. Vietnamese Dong Currency Update November 2020. After the trial, if Doan Trang appeals, the case will go up to the People’s High Court in Ha Noi, a tribunal higher than provincial level and lower than the supreme level. “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. It’s highly unlikely the facility head would reject such a request by the police. Our currency rankings show that the most popular United States Dollar exchange rate is the USD to EUR rate. In 1989 alone, more than 300 Vietnamese boat people landed in Hong Kong daily. It abandoned the centrally planned economy model to open up the country to private businesses and foreign investments – a system which it eventually called the “socialist-oriented market economy”. Vietnamese Dong - data, forecasts, historical chart - was last updated on December of 2020. Statement On The Upcoming Trial Of Three members Of The Independent Journalists Association Of Vietnam, 2020 In Pictures: A Year Of Endurance For Vietnam, 2020: 10 Religious Problems That The Vietnamese Government Doesn’t Want You To Know About, CIVICUS 2020 Monitor Report Continues To Rank Vietnam As “Closed” Civic Space, Your email address will not be published. First of all, we need to understand this is a first-instance trial and the judgments have not yet come into force. Required fields are marked *. Meetings with relatives, defense counsels and consular access of persons held in custody or temporary detention[…]4. their own.”. stand by any side but peace, reason, justice, and international laws.”. The visitor, who is a relative of the person held in custody or temporary detention, fails to produce his/her personal identity papers or papers proving his/her relationship with such person, or the case-settling agency has requested in writing the detention facility not to let such person meet with his/her relatives for the reason that such a meeting may seriously affect the settlement of the case; the visitor, who is a defense counsel, fails to produce his/her personal identity paper or paper on the defense for the person held in custody or temporary detention;[…]. The two-year term will begin in January 2020, and joining the country on the UNSC will be Estonia, Niger, Saint Vincent and Grenadines, and Tunisia. and powerful one, and will have to adhere to that union’s principles, even when They focus on destroying political, ideological foundation with a view to eliminating the leading role of the CPV and the socialist regime in Viet Nam, “depoliticising” the VPA, sowing division in the entire nation’s great unity, and driving a wedge between the people and the CPV and the VPA. 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. Vietnamese Dong(VND) To US Dollar(USD) Currency Exchange Rates on 31 Mar 2020 (31/03/2020) This is the page of currency pairs on 31 Mar 2020, Vietnamese Dong(VND) convert to US Dollar(USD). The general scope of regulations in the Law on Access to Information excludes transparency regarding the operational finances of political and socio-political groups. But this, perhaps, demonstrates best the contradictory manner in which the Vietnamese Communist Party handles budget transparency. The society created by the communist regime is marked by corruption and inequality. expressed reservations about non-alignment. 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. Vietnam’s defense spending totaled approximately 5.8 billion USD in 2018, equivalent Vietnam Dong News 06/20/20 – Vietnam is still manipulating currency according to recent report Pimpy’s Investment Chat: Jun 20, 2020 Iraqi Dinar News 06/20/20 check in with us to start right now. A Chinese-built section of Hanoi’s new urban railway “has come under fire after reports of deferred deadlines, cost overruns, and dangers to passers-by from falling materials,” reports the Financial Times. If visitation is granted, Doan Trang’s family can visit her once a month, with each visit lasting no longer than one hour. According to the MPS website, the Investigation Bureau of the Ha Noi Police was the organization that opened the case and filed charges against Doan Trang. “Hostile forces” and “reactionaries” “against the revolution” are blanket phrases that the Vietnamese Communist Party (VCP or CPV) reserves for those who seek to end the Party’s monopoly on power. Exchanges Launching Vietnamese-Dong pegged Stablecoin. Party members could not tolerate any form of social mobilization that could potentially challenge their power. Particularly with Secretariat’s Decision 99, we can see that this document contains regulations that seem to carry more force than even legal documents issued by the National Assembly. The Investigation Bureau of the Ha Noi Police. Bond prices have been falling steadily in response to rising interest rates. 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. For the purpose of this article đồng has been anglicized to dong. 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 enforcement of criminal judgments therefore is not yet initiated. to 2.3 percent of GDP, an increase from 2.23 percent in 2010. The Vietnamese Magazine would like to thank the Asia Democracy Chronicles under the Asia Democracy Network for kindly giving us the permission to re-publish this article. Such a manner of research will reduce the ability to generalize regarding the financial “voraciousness” of Party congresses. Currently, costs associated with organizing Party congresses remain ambiguous. Many Vietnamese citizens hold Hong Kong freedom fighters Joshua Wong, Nathan Law, and Agnes Chow Ting in high regard. 15 Jan 2020 00:00 UTC - 13 Jan 2021 02:08 UTC. ... 27 August 2020 … position in 2010. 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 8 Party Congress (2020-2025 term), Party Bureau of the Bac Ninh Province People’s Committee, February 2020. Skirmishes still break out between the two countries, something the Vietnamese frown on. Any person who for the purpose of opposing the State of the Socialist Republic of Vietnam commits any of the following acts shall face a penalty of five to 12 years’ imprisonment:a) Making, storing, spreading information, materials, items that contains distorted information about the people’s government;b) Making, storing, spreading information, materials, items that contain fabricated information that causes dismay among the people;c) Making, storing, spreading information, materials, items to cause psychological warfare.2. The VCP also implicitly acknowledges the threat social media and online sources of information pose to “national defense”, and similar to other authoritarian, one-party states, conflates Party security with national security. Amid territorial disputes over these islands, Vietnamese people bear the brunt of China’s economic activity in their country. its rankings “based on an equally weighted average of scores from five country That’s the extent of what the State Budget Law says about the Communist Party of Vietnam’s coffers. More than 30 years after the Vietnam War, joining a mass protest had been taboo in Vietnam, with the attendant risk of going to jail for decades. Another district, Huong Hoa, requested 2.5 billion dong in funds for district-level Party congresses and 5.1 billion dong for commune-level ones, totaling approximately 7.6 billion dong. Why are they charging her with two crimes under two separate penal codes? Accordingly, we found that the Ministry of Finance established a separate website that was quite easy to navigate and use. On the other hand, the State Budget Law contains Article 15, which stipulates responsibility for publicizing the state budget. Here is the context: The 1999 Penal Code (revised in 2009) was replaced by the 2015 Penal Code. In 1979,  Chinese troops invaded Vietnam, waging a two-month bloody strike along the 600-kilometer border that the two nations share. Although Vietnam is no longer a communist country and has a market-driven economy, the Communist Party remains the only legal political party. Member nations of such a The page provides the exchange rate of 2020 Vietnamese Dong (VND) to Canadian Dollar (CAD), sale and conversion rate. Vietnam’s long history of battling China spans more than 2,000 years. News From WSJ Vietnamese Dong USDVND. A number of cryptocurrency exchanges recently have shown interest in launching stablecoins pegged to Vietnam’s national currency. 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. A cybersecurity law that sparked nationwide protests in 2018 went into effect at the beginning of 2019, and the end of 2019 has seen an upsurge of Vietnamese citizens arrested for writing Facebook posts critical of the communist regime. Below, you'll find Vietnamese Dong rates and a currency converter. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 2020 Vietnamese Dong (VND) to US Dollar (USD) from Sunday, 17/01/2021 till Sunday, 10/01/2021. Historically, the Vietnamese Dong reached an all time high of 23650 in March of 2020. It’s fair to say that the country’s history is basically one of surviving next to China. 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. possibly have to confront the other, which means more enemies. Here is the date you need to remember: January 1, 2018. The trial will be conducted by the People’s Court of Ha Noi, a provincial-level court. Vietnam does not Filipina Lalaine de Guzman, 48, is demanding answers for the detention of her American partner by Cambodian immigration officers after he was arrested at their home almost 90 days Published on December 19, 2020 12:35 GMT+0 edited on December 19, 2020 12:42 GMT+0. View the currency market news and exchange rates to see currency strength. 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