Nguyen Ayi

Finance
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Passing The Buck

Posted byNguyen Ayi

By Joe Fotalattee

The central bank’s deputy governor Dao Minh Tu said at a news conference on Tuesday that “The central bank will continue its purchases of foreign currencies.”.

Vietnam is working to strengthen foreign exchange reserves by acquiring more U. S. dollars to support its dong currency.

In order to increase their own reserves or supply them to the nation’s banks, central banks intervene in the foreign exchange market. Frequently, they want to keep the exchange rate stable.

An estimate of Vietnam’s foreign exchange reserves this time last year was at $100 billion.

Opinion
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Major Report From US Congress Ignored By Vietnamese Media 

Posted byNguyen Ayi

The arm of corporate media runs long and deep.

by Joe Fotalattee

The Vietnamese press likes to follow Elon Musk’s latest Tweets, but continues to ignore the pending indictments of former president Donald Trump.

The final Jan. 6 select committee report published on Thursday was completely ignored, and I had hoped it was because of Christmas festivities because I didn’t ever want to write about this asshole again.

However, five days have passed and we have to recap, hopefully only once again, why that criminal orange clown is on the faces of books at every Vietnamese bookstore. If Vietnam Beat doesn’t work out, we will write “Satan’s Guide To Unethical Business, Not Paying Taxes, Stiffing Contractors and Preventing Blacks From Renting Apartments.”

Trump was the “central cause” of the incident, according to the report: “The central cause of January 6th was one man, former President Donald Trump, whom many others followed. Without him, none of the activities on January 6th would have occurred. “.

The report’s findings are detailed in its more than 800 pages, which also include the rationale behind the committee’s recommendation that the Justice Department bring a former president to justice for the first time in U.S. history.

The report stated the attack was “foreseeable”. It provides a damning account of how law enforcement responded to unsettling intelligence before the attack.

To attempt to overturn Joe Biden’s victory in Georgia, Trump made 18 attempts to contact the Secretary Of State there.

The “entire White House senior staff” wanted Trump to step in, according to the report: “The entire White House senior staff was in favor of a Presidential statement” urging all rioters to leave the Capitol.

Two days before the assault, then-President Trump insisted he wanted to march with protesters to the Capitol and floated the idea … Read more

News
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Dangerous Fireworks Are Still Illegal

Posted byNguyen Ayi

by Joe Fotalattee

A local official in the Dak Lak province of the Central Highlands confirmed that one child had died and three other children had suffered serious injuries while allegedly playing with firecrackers. Tuoi Tre News reported the incident, which is a somber reminder to remember safety when celebrating this Tet Lunar New Year.

Fireworks have been more accessible in recent years, but the more dangerous ones remain illegal.

Order No. 137, published on November 28, 2020, loosened the restrictions on fireworks and firecrackers, which private use had been prohibited since 1994. In addition to public holidays like Tet and Hung King’s Day, institutions, organizations, people over the age of 18, and businesses can now light fireworks on special occasions like birthdays, weddings, conferences, grand openings, anniversaries, and other cultural events.

The decree, however, made it clear that “explosive sounds” are not permitted and that only “non-explosive” fireworks and firecrackers that produce sound, light, and color are permitted. Sparklers were listed as an acceptable item, but fireworks that shoot into the air are still prohibited.

Good News
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New Year’s Gifts Delivered To Soldiers

Posted byNguyen Ayi

By Joe Fotalattee

New Year’s Gifts Delivered To Soldiers And Civilians

Vietnam+ reported on December 21, Navy Region 4 ships with officers, soldiers, and journalists headed for the Spratly Islands from Cam Ranh military port in the central province of Khanh Hoa.

The ships will dock at islands and islets in the region and deliver supplies and gifts to locals and the soldiers stationed there in honor of the upcoming Lunar New Year (Tet).

CrimeNews
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Military Industrial Complex Looking To Infiltrate Vietnam

Posted byNguyen Ayi

by Joe Fotalattee

According to Reuters, US defense firms discussed supplying military equipment to Vietnam including helicopters and drones, a new sign that the country may reduce its reliance on Russian arms.

According to the US-ASEAN Business Council, which organized the meetings, Lockheed Martin (LMT.N), Boeing (BA.N), Raytheon (RTX.N), Textron (TXT.N), and IM Systems Group met with officials on the sidelines of the country’s first large-scale arms fair last week.

According to a Reuters source present at the weapons discussions, the Ministry of Public Security and the Ministry of National Defense was involved.

US defense companies are in talks to sell helicopters and drones to Vietnam. Vietnam hosted the country’s first international arms expo in Hanoi. Lockheed Martin, Boeing, Raytheon, and Textron are all looking to sell weapons.

Finance
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United States’ Seventh-Largest Trading Partner

Posted byNguyen Ayi

 

Vietnam is United States’ Seventh-Largest Trading Partner.

By Joe Fotalatte

According to Bloomberg data, Vietnam is on track to surpass the United Kingdom and enter the top seven trading partners of the United States this year.

The UK would be absent from the group for the first time since 2004, according to the news outlet.

According to Census Bureau data, the UK’s share of trade with the US fell by 2.6% during the first ten months of the year, while Vietnam’s increased to 2.7%.

For nearly two decades, the top seven US trading partners in terms of goods have consistently been Canada, Mexico, China, Japan, Germany, and the Republic of Korea.