Hang son doong in vietnam

Hanoi welcomes Washington’s decision to remove Vietnam from the list of currency manipulators and will maintain dialogue and consultancy with the U.S. over this issue, Le Thi Thu Hang, the Vietnamese Ministry of Foreign Affairs’ spokesperson said on Saturday.

Hang’s statement followed the U.S. Treasury Department’s move to stop branding Vietnam as a currency manipulator on Friday.

The department on April 16 delivered to the U.S. Congress its semiannual report entitled ‘Macroeconomic and Foreign Exchange Policy of Major Trading Partners of the U.S., April 2021,’ in which Vietnam and Switzerland had been removed from the list of currency manipulation countries.

Such removal came after the department confirmed that they did not have enough evidence to prove that the Vietnamese dong and the Swiss franc were being manipulated.

But the two countries will be under enhanced monitoring, the U.S. Treasury Department warned.

Asked by reporters about Vietnam’s response to this move, Hang said Hanoi highly appreciates the U.S. Treasury Department’s positive adjustment in relation to its currency manipulation judgment.

In recent times, relevant Vietnamese agencies have shared information and discussed with its American counterparts to clarify that Vietnam’s exchange rate policy has been applied in a uniform and flexible manner that matches the country’s actual conditions for macroeconomic stabilization, not to create any unfair competitive edges in international trade, Hang underlined.

“In the spirit of attaching importance to economic and trade relations with the U.S., a pillar of the comprehensive partnership between the two countries, Vietnam will maintain a constructive dialogue and consultation with the U.S. on this issue,” the spokeswoman added.

In a statement on Saturday, the State Bank of Vietnam (SBV) said it will continue to pursue a flexible exchange rate policy aimed at containing inflation and ensuring macro-economic stability, while not creating any unfair trade advantage.

The SBV elaborated that it has applied solutions to gradually improve the exchange rate flexibility while maintaining stable and smooth operation of the foreign currency market.

Recent positive developments in the foreign currency market as well as in the SBV’s operations have been recognized by the U.S. Treasury Department, the central bank said.

The SBV said it will continue to coordinate with relevant ministries and agencies to discuss and work on issues of Washington’s concerns in the spirit of cooperation and mutual benefits, toward a harmonious and sustainable commercial relationship between the two sides.

In its similar report released in December, the U.S. Treasury Department labeled Vietnam and Switzerland as currency manipulators, alleging that the two economies violated the three criteria on trade and currencies.

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Le Thi Bang

Le Thi Bang is taking care of her son, Mai Xuan Phuc, at the National Hospital of Rehabilitation and Nursing. She has brought him to various hospitals and incurred a huge debt. Bang said she couldn’t borrow anymore but her son has still not recovered.

Bang said she lived together with a man whose wife went overseas and didn’t return. When their son was six years old and their daughter was two years old, his wife returned so they separated.

Bang’s daughter is disabled and has heart disease. Bang puts all her hope on her son. But unfortunately, after an accident, her son suffers from brain traumatic injuries. He is now paralysed and not fully conscious. Bang worked as a bricklayer to earn money. When she becomes weak, she wanders the streets to sell toothpicks and other items.

Bang takes care of her son at the hospital

“My daughter just had heart surgery last year. I encouraged Phuc to study hard to become a pillar for me and his sister. But after the accident, he has been bed-bound for over a year. I don’t know what to do next,” Bang said.

Dr Nguyen Van Duong said, “Phuc suffers from brain traumatic injuries and lumbar spine injury. He still can’t talk and can move his left hand a bit. The treatment is long and rehabilitation is difficult. The hospital is also planning on calling for help for the family.”

Mai Xuan Chien, chairman of Quang Luu Commune People’s Committee, said, “We were able to raise VND50m for them. However, her family still needs lots of help.”

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Police in Vietnam discovered six foreign border jumpers as they were traveling along a northern expressway last weekend.

The foreigners were transported in an automobile driven by 32-year-old Le Van D., a resident from the northern province of Thai Nguyen, along the Bac Giang – Lang Son Expressway on Saturday.

The car was pulled over by a group of traffic police and immigration officers.

The six foreign men were unable to present their ID or necessary documents required for entry into Vietnam, according to Lieutenant Colonel Nguyen Truong Son, a police official in charge of patrolling the expressway.

They admitted to having entered Vietnam illegally via a trail in the northern province of Lang Son.

The border jumpers were heading to other northern provinces to find a job.

All of them, as well as the automobile, have been handed over to the Immigration Department for further verification.

VnExpress quoted Lieutenant Colonel Son as saying that his team of traffic police officers had coordinated with other units to capture dozens of foreign border jumpers along the Bac Giang – Lang Son Expressway since late 2020.

Stretching 64 kilometers, the expressway was open to traffic in September 2019 to enhance trade and attract more investment to the border province of Lang Son, as well as shorten travel time between the area and Hanoi.

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A ceremony marking the handover was held April 9 at the offices of the 3rd Regional Coast Guard in the southern province of Ba Ria – Vung Tau.

Attending the ceremony were Vietnam Coast Guard commander Lieutenant General Nguyen Van Son, U.S. Consul General Marie Damour and other officials, the U.S. embassy said in a Facebook post Saturday.

Lt. Gen. Son said that Vietnam highly appreciated the U.S. gesture and considered the event “an important milestone of the Vietnam-U.S. partnership,” helping Vietnam improve its law enforcement capacity at sea.

The cooperation between the coast guards of both countries has strengthened in recent years.

In 2017, the U.S. Coast Guard handed over the Hamilton-class (the second-largest class of vessels in the U.S. Coast Guard) USCGC Morgenthau cutter to the Vietnam Coast Guard under their Excess Defense Articles (EDA) program. The ship was then commissioned for the Vietnam Coast Guard and renamed CSB 8020.

The U.S. has also sold a total of 24 Metal Shark high-speed patrol boats and is overhauling the USCGC John Midgett, another Hamilton-class vessel, to hand it over to Vietnam.

At a press conference in Hanoi, outgoing U.S. Ambassador Daniel Kritenbrink had remarked that security cooperation was developing strongly between the two countries, especially between the two militaries.

He said that Vietnam and the U.S. have worked together to implement a United Nations resolution on North Korea and to promote a common stance on the East Sea. The U.S. has assisted Vietnam in building its defense capacity, especially maritime capabilities, and supported Vietnam in sending peacekeeping personnel to South Sudan.

Referring to East Sea disputes, Kritenbrink had stressed that the U.S. always stood by its partners and allies in building an international order based on rules, and opposed ” the provocative actions of China with the other countries in the region.”

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