News

Crime
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Up In Smoke

Posted byNguyen Ayi

by Joe Fotalattee

Two men who smoked on a plane were given a nine-month flight ban by the Vietnam Civil Aviation Authority, according to reports from VnExpress.

The men from Hai Duong and Dong Thap provinces are unable to fly until September 30 of the following year.

It is illegal to smoke on airplanes, including with e-cigarettes, and violators risk fines of VND3-5 million ($127–212) and possible 12-month bans.

In a separate incident, a resident of the southern province of Kien Giang attempted to board a plane while using another person’s boarding pass and ID card. He has been denied boarding for 12 months and will undergo visual inspections at security checkpoints for another six months.

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.

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.

Good NewsNews
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Vietnam Fire Department Saves Lives

Posted byNguyen Ayi

Vietnam Fire Department Saves Lives

by Joe Fotalatte

The Flemington building in District 11, Ho Chi Minh City, caught fire around 12:25 this afternoon, with 200 people trapped by the blaze.

Firefighters responded quickly to the information and arrived on the scene to use ladder trucks to rescue four people trapped on the building’s 14th floor.

When the fire alarm went off, many people in the building tried to move to the lobby by the stairs. Many individuals were, however, confined to their living quarters.

Fourteen fire trucks and 80 firefighters responded to put out the fire, and with help from local police, gave instructions to 200 people on how to escape the building.

The Fire Prevention and Fighting and Rescue Police Division (PC07) of the municipal Public Security Department said it was working with the District 11 Police to conduct an investigation.