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. Ranking comes on heels of defense white paper release detailing foreign policy, assumption of ASEAN chairmanship and UN seat. Although Vietnam is no longer a communist country and has a market-driven economy, the Communist Party remains the only legal political party. they are not entirely compatible with the country. But while the pro-democracy bias may seem to overlap with the anti-communist sentiment, these are not exactly the same for Vietnamese people. This is not some kind of sensational headline to attract readers; it’s the truth. 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. 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. and powerful one, and will have to adhere to that union’s principles, even when Eventually, the party cracked down on the protests. 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. HA NOI — The State Bank of Viet Nam plans to increase the value of the Vietnamese dong against the US dollar over the next four months in a bid to protect the value of the domestic currency, State Bank Governor Nguyen Van Binh told Sai Gon Economic Times this week. 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. 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. 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). And they mourn whenever there is a crackdown—or a pro-democracy activist gets arrested or dies. It is a system that puts a premium on economic development at the expense of fundamental freedoms. The Vietnamese cheer when a government expresses support for the former British colony’s fight for freedom. 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. However, the detailed budget information provided was not helpful for readers, regardless of what they were looking for. the Communist Party of Vietnam). Such a manner of research will reduce the ability to generalize regarding the financial “voraciousness” of Party congresses. 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. 47 and it did not go through. 32nd most powerful country in the world in 2019, placing it ahead of 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. Vietnam watchers have acknowledged that the 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. U.S. News and World Report ranked Communist Vietnam the In 1979, Chinese troops invaded Vietnam, waging a two-month bloody strike along the 600-kilometer border that the two nations share. But the Vietnamese dong is also fully qualified as an alternative investment. United States spends 3.2 percent of GDP 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. 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. More importantly, it must be remembered that Lang Son is a mountainous and sparsely populated province, with few party members and a cost of living that ranks among the lowest in the country. 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. part of such an alliance means you have to completely align with one side and A concrete example in Item 1, Article 5 of Decision 99, states: “Based on approved estimates, people’s committees in communes, wards, and townships are responsible for guaranteeing operating expenses at the committee level, must balance the books according to regulations in the State Budget Law, and must report to their committee level and the committee level directly above.”. 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. The country’s policy of pacifism, Making, storing, spreading information, materials, items for the purpose of opposing the State of the Socialist Republic of Vietnam1. 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 Vietnamese Dong is the currency of Viet Nam. What allegations has the Vietnamese government made against Pham Thi Doan Trang? Vietnam, A Step Closer to Democracy With The Latest Nationwide Protests? Log in. The amount requested ran upwards of 85 billion dong for these fleeting party events. Quang Tri Province has 10 district-level administrative units, Lang Son has 11. Your email address will not be published. Photo Source: baotintuc.vn. 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 original Vietnamese version of this article was written by Bui Cong Truc and published on Luat Khoa Tap chi. Meanwhile, the VND has remained flat against the US dollar since July and has averaged VND23,255/USD so far this year. Our currency rankings show that the most popular Viet Nam Dong exchange rate is the VND to USD rate. 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.”. Vietnam claims sovereignty over islands in the Paracel Islands and Spratly Islands, as well as an exclusive economic zone that overlaps with China’s claims. As a result, Fitch Solutions forecast the Vietnamese dong (VND) to average VND23,250/USD in 2020 and VND23,400/USD in 2021. 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. 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.”. 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”). An extremely serious case of this offence shall carry a penalty of 10 to 20 years’ imprisonment.3. Below, you'll find Vietnamese Dong rates and a currency converter. The general scope of regulations in the Law on Access to Information excludes transparency regarding the operational finances of political and socio-political groups. 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. The page provides the exchange rate of 2020 Vietnamese Dong (VND) to US Dollar (USD), sale and conversion rate. That’s the day the new and current penal code took effect. Doan Trang is charged with “conducting propaganda against the Socialist Republic of Vietnam” under Article 88 of the 1999 Penal Code, and “making, storing, spreading information, materials, items for the purpose of opposing the State of the Socialist Republic of Vietnam” under Article 117 of the 2015 Penal Code (revised in 2017). their own.”. The currency symbol is ₫. The 2015 Penal Code went into effect on January 1, 2018 after being revised in 2017. country’s one-party regime is in a difficult position politically, and an As of now, I haven’t been able to find the entire text of Decision 3989, possibly because it was only circulated internally. 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. Vietnamese Prime Minister Nguyễn Xuân Phúc has recently signed an order that puts cryptocurrency and blockchain among its top-5 priorities. Historically, the Vietnamese Dong reached an all time high of 23650 in March of 2020. Vietnamese Dong Exchange Rate Forecast Monday, 18 January 2021. This article appeared on National Review (Online) on December 18, 2020. language it uses against encroachment in the East Sea and even stronger language First of all, we need to understand this is a first-instance trial and the judgments have not yet come into force. Suddenly, mass protests against the Chinese government broke out in the capital city, Hanoi. IMF says Vietnam is on the GDP path surpassing all other ASEAN Countries despite the pandemic. Some of them oppose the communist regime but embrace other authoritarians at the same time. Vietnam’s long history of battling China spans more than 2,000 years. So we’re left to ask, which level or levels of jurisdiction ultimately decide the budget for the Party congresses? 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. in 20th. In 1989 alone, more than 300 Vietnamese boat people landed in Hong Kong daily. I gradually realized that it was difficult to find any kind of legal basis managing how the budget is used for Vietnamese Communist Party activities. 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 … 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. VND/USD close:0.00004 low:0.00004 high:0.00004 ... More Vietnamese Dong info > USD - US Dollar. The central bank bought up over US$4 billion in the first seven months of the year. The currency code for Dongs is VND, and the currency symbol is ₫. Here is the text: Article 88. Bond prices have been falling steadily in response to rising interest rates. 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. 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. Party members could not tolerate any form of social mobilization that could potentially challenge their power. Of the 80 countries included in the survey, Indonesia ranked After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under greater pressure in 2020 … In another document that I found from the Quang Tri Township People’s Committee (a district-level body), promulgated on February 28, 2020, the amount of money this committee requested that the provincial Finance Office send to the Central government in Hanoi for approval for its locale reached 5.7 billion dong. Skirmishes still break out between the two countries, something the Vietnamese frown on. 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. 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. 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. In Items 7 and 8 of Article 8, which covers the state budget’s principles of operation, the operational expenses of sociopolitical-industrial organizations, social organizations, and socio-industrial organizations are handled according to principles of self-sufficiency; the state budget only covers tasks the government assigns. It is significant to note that most of the mass protests in Vietnam for at least the last decade have been anti-China. 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. 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. active alliance with either the US or China would bring about its own set of challenges, According to Article 173 of the Criminal Procedure Code, as the crime Doan Trang is charged with falls under either the very serious or extremely serious categories of both penal codes, the time limit for detention is four months, and can be extended once for three months. They’ve existed in this political system over the whole of Vietnam for more than 40 years. force in international relations” unless it is under attack. Binance has announced support for Binance Vietnamese Dong [BVND], a BEP2 stablecoin pegged to the Vietnamese Dong [VND]. 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