Vietnam

Intelligence for Better Decision Making

Disciplining and Expelling Party Members in Vietnam
April 10, 2024 | Indirect Indicator

- The Party Secretariat expelled several officials during a meeting held on April 9 at the Party Central Committee headquarters.

- The expelled officials include Mr. Cao Khoa, former Chairman of the People's Committee of Quang Ngai province; Pham Dinh Cu, former Chairman of Phu Yen Provincial People's Committee; Ha Hoang Viet Phuong, Head of the Management Board of Dung Quat Economic Zone and Quang Ngai Industrial Parks; Nguyen The Binh, Director of the Department of Education and Training of Ha Giang province; and Nguyen Tu Son, former Director of the Department of Education and Training of Gia Lai province.

- These officials have violated party regulations and State laws, causing severe consequences and negatively impacting the party and local government's reputation. They have been prosecuted and detained due to these violations.

- Le Duy Thanh, Chairman of Vinh Phuc, was similarly expelled from the Party for the degradation in political ideology, ethics, and living style, and seriously violated Party regulations and State laws.

- The Party Secretariat went forward with expelling seven party members for degrading political ideology, ethics, lifestyle, and serious violations of Party regulations and State laws. Administration was requested to implement discipline in sync with party discipline.

- Disciplinary action was taken against former party members from Phu Yen, Ha Giang, and Gia Lai provinces, leading to their expulsion from the Party and enforcement of administrative discipline.

Gold prices in Vietnam
April 9, 2024 | Indirect Indicator

- The price of gold rose nearly 5% last week, closing at 2,329 USD/ounce, due to geopolitical tensions and the likelihood of a delay in US interest rate cuts.

- Despite the Federal Reserve's reluctance to increase interest rates, the majority of experts and investors believe that gold prices will continue to rise, influenced by the upcoming release of economic data and decisions made by central banks.

- Domestic gold prices are following the trend of worldwide record highs.

- The State Bank of Vietnam ceased issuing treasury bills and instead pumped VND5.952 trillion into the market, raising concerns among securities investors.

- The price of SJC gold bars and gold ring prices continue to vary, with analysts predicting that gold prices will carry on increasing.

- The USD-Index has increased by 0.17%, reaching 104.29 points, which affects the market, especially when coupled with gold prices.

- Gold prices have seen a decrease in the domestic market as companies lowered their prices.

- Experts suggest that gold purchasing power is coming from retail banks, central banks, and speculators, following buying momentum after gold marked above 2,200 USD/ounce.

- The price of 24K plain gold rings has increased significantly, resulting in a narrower gap between gold rings and SJC gold bars.

- World gold prices continue to set new records, currently around 2,347 USD per ounce.

- USD prices have not changed significantly, with the central exchange rate listed at 24,038 VND/USD.

- Gold ring prices in Vietnam have reached an all-time high due to both domestic and global market fluctuations.

- Gold prices have seen an upward trend in the last week, with a continuous increase in both the international and domestic market.

- The market will be closely watching the upcoming decisions from central banks in Canada and Europe, as well as key US economic indicators such as the consumer price index, the producer price index, and the weekly unemployment rate.

- The USD-Index currently stands at 104.29 points, signifying a considerable increase since the start of the year.

Monitored Intelligence for Vietnam - Jan. 25, 2024


News
Media
219

Government
Releases
26

City/State
Releases
0

Embassy
Releases
6
Foreign
Service
Advisories
0
Academic/
Think
Tank
2


Podcasts
0


Videos
0

Social
Media
0

Business
Releases
13

Erudite Risk takes an all risks approach to intelligence reporting. We categorize key intelligence into one of 40 different risk intelligence categories.

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Submarine 'soldiers' protect national maritime sovereignty

Vietnam Net - E | English | News | April 12, 2024 | Geopolitical Conflict and Disputes

Submarine 183 is named after Ho Chi Minh City, and its officers and sailors underwent rigorous training in Russia to operate the new, modern equipment. They faced cultural, food, and language differences, as well as adverse weather conditions. Despite the challenges, the crew excelled and was recognized for their determination. Since then, Submarine 183 has successfully completed numerous tasks at sea, demonstrating the officers and sailors' independence, autonomy, and creativity in protecting national sovereignty.

Ministry issues criteria for traceability of products and goods

Vietnam Plus | English | News | April 12, 2024 | Supply Chain Issues

The Ministry of Science and Technology has issued a circular regulating the management of traceability of products and goods. The circular requires organizations and individuals to trace the origin of goods and provide specific information printed with a code attached to the product packaging, connected to the National Product and Goods Traceability Portal. The portal is expected to be officially put into operation in the second quarter of this year.

TPHCM tìm cách mở thêm trạm sạc cho xe điện

Ho Chi Minh City seeks to open more charging stations for electric vehicles

Dantri | Local Language | News | April 12, 2024 | Supply Chain Issues

Ho Chi Minh City is seeking to open more charging stations for electric vehicles, as the city has experienced a significant increase in the number of electric vehicles beyond expectations. The city has set a goal to promote the conversion to use electric vehicles and green energy in all fields of the transportation industry by the year 2030, and to implement the conversion of all vehicles, equipment, and transportation infrastructure to use electricity and green energy by 2050. There is also discussion around the technical standards, power capacity, and charging station management issues for electric vehicles. The opening of charging stations for electric cars will be a significant part in reducing emissions, and contribute to the city's goal of reaching net zero greenhouse gas emissions by 2050.

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