News, Rumors and Humor Thursday Night 2-4-2021
TNT:
Tishwash: HCM City (Vietnam) attracts increasing interest from US companies
US companies are increasingly investing in HCM City, the head of its export processing zones’ management said.
Hứa Quốc Hưng, head of the HCM City Export Processing and Industrial Zones Authority (Hepza), said their investments were mostly in transportation, urban infrastructure, smart city, agriculture, health, education, and services.
US chipmaker Intel Corporation recently invested US$475 million in Intel Products Vietnam (IPV), the company’s largest assembly and test plant, IPV chief financial officer Alan Danner said.
It had originally invested over $1 billion.
The fresh investment is meant to bolster production of 5G products, Intel Core processors with Intel Hybrid Technology, and the 10th Gen Intel Core.
Another US company to invest over $1 billion, First Solar, a global manufacturer of thin-film modules, has said it plans to increase its head count in Việt Nam to over 950 and open a second factory in the country at the Đông Nam Industrial Park in HCM City.
With its favourable geographical location, improved infrastructure and attractive incentives, the city is a popular investment destination, according to Hưng.
More than 160 US businesses have invested in the city.
Marie C. Damour, the US consul general in the city, said trade between Việt Nam and the US had seen impressive growth over the last 25 years, with more and more American businesses being interested in partnering with their Vietnamese counterparts and investing in the country.
Bilateral trade rose from $450 million in 1995 to $77 billion last year, she said.
“Việt Nam has great demand for energy, infrastructure and the digital economy, areas in which many US companies are strong.”
The US ranks 11th in terms of FDI in Việt Nam.
Hưng said major US companies were paying closer attention to Việt Nam as an investment destination to set up sustainable supply chains due to the market volatility caused by COVID-19, and so the Government should focus on improving the business climate.
Businesses should also consider producing goods made with US raw materials and technologies and exporting back to that country, forming a closed supply chain that could be beneficial to both countries' businesses, he added.
Việt Nam, especially HCM City, is expected to attract investment from US businesses in sectors like technology, health, education, telecom, aviation, the digital economy, renewable energy, and finance and banking link
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Tishwash: Visa ties up with MoneyGram to offer P2P payment to Viet Nam
Global cross-border P2P payments and money transfer service provider MoneyGram International and Visa on Wednesday launched a real-time peer-to-peer (P2P) payment solution to Việt Nam.
It enables customers to transfer money from the US, UK and 18 other European countries to Việt Nam quickly and securely through Visa Direct.
They can transfer money almost instantly through the MoneyGram mobile app or website to any Visa cardholder in Việt Nam.
“We’ve already hit the ground running in 2021, and this latest integration with Visa Direct further improves our leading customer experience and will help execute our strategy to scale digital growth in one of the largest remittance markets in the world,” Grant Lines, global chief revenue officer at MoneyGram, said.
“We have built a modern, mobile and API-driven company that has enabled MoneyGram to become the preferred partner for cross-border transfers, and we are excited to continue to expand our real-time transfer capabilities with Visa Direct.”
Đặng Tuyết Dung, country manager, Visa Vietnam and Laos, said: “Cardholders can use any Visa debit or prepaid card to receive cross-border payments via Visa’s real-time push payment solution.
“This partnership with MoneyGram will … streamline the remittance transferring process.”
Việt Nam is one of the top 10 remittance recipients in the world.
With Visa Direct, customers can now transfer up to US$2,500 per transaction and $10,000 per day. From now until June 30 this year, consumers can send money to a Visa debit card in Vietnam without having to pay a fee link
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Courtesy of Dinar Guru https://www.dinarguru.com/
Jeff Iraq is in the news. They're kind of suggesting that Kurdistan and Baghdad still have differences with the figures in the '21 budget...I doubt Kurdistan and Baghdad have many differences...be careful of what information you choose to trust...we're looking really good. Everything in Iraq is moving in the right direction. They have set the stage for the rate change. The IMF and WB are calling the shots. Even oil is moving in the right direction. Right now they have a budget surplus of oil. Everything is looking good...
Pimpy Article: "On Monday, the Central Bank of Iraq's hard currency sales increased by 26 percent" This is good. Where before they were holding U.S. dollars because the Iraqi dinar had devalued and so you know they don't want to part with the US dollar. It's a stronger currency against the dinar...This jacks up the foreign currency they [The CBI] hold so the foreign currency assets are increasing. This is good because what that does then it strengthens the Iraqi dinar. We want to see this happen...this is a good thing to see happen.
BANKS, PRIVACY & REAL ESTATE...Q&A WITH LYNETTE ZANG
Feb 4, 2021
Question 1: 0:48 I follow Anna Von Reitz on Facebook. She a lawyer and brilliant. She’s saying most of the banks (She listed which ones) are going to go away. She said to get out of banks and the stock market. I can’t put all my money In Gold and silver. Lincoln did this during the civil war. I expect things to get really ugly.cLynette what now. I’m retired now so I can’t worry about the future. It’s more about what I should do now! Question 2:
4:58 I have a lot of money in a MM account. I would like to get back into the stock market, but I know that now is not the time to do so. I want to have liquidity to move quickly. Thoughts or suggestions on amount I should hold in cash or put into Precious Metals? What will happen to the money if the reset occurs while my funds are in the MM account? Question 3:
11:45 I ended up losing my rental property in 2008 when the Real Estate Market crashed. Overnight, it seemed my loan was called by the bank due and payable and even though I never missed a payment they would not work with me to allow me to keep my rental. How do I protect myself when this happens again. Question 4:
13:21 My grandfather, old school, keeps a lot of cash out of the bank. He is looking to purchase gold & silver and wants to put the cash back into the bank to do so. We are talking a lot of cash (7 figures). He has been doing this for a very long time. I am concerned about the reporting issues, lack of privacy, questions that may be asked. I am also concerned that we will not be able to wire out the funds, that there might be a hold on the funds. What can we do to protect his money, what should we be aware of? I appreciate your thoughts on this.
From Recaps Archives……….
Humor while we wait~ The Best Time For an RV
Midnight to 2 am est......The business day begins in Iraq
9 am est.........banks are open
12 noon est.....west coast banks are open
3 pm est.....Hawaii banks are open
5 pm est.....banks close
8 pm est.....west coast banks are closed
11 pm est....Hawaii banks close
Sunday 5 pm est....Forex updates
Monday......9 am est...make appt for Tuesday
Tuesday....All banks 'sync'
Wednesday......because they forgot to announce it on Tuesday
Thursday.....because its would be great to be in the bank and have money for the weekend
Friday.........Iraq likes Friday
Saturday.....because we have the day off and could still salvage the broke weekend
Anytime America or Iraq has a holiday on a Monday or Friday.......because Dr. Shabbibi always said he needs the banks closed for three days.
Anytime after the morning prayers and announcements in the Mosque in Iraq
After the lower denominations are are distributed.
Immediately after the rate change is posted on the CBI website
24-72 hours after the button is pushed
After President leaves the country......he can't be in country when it happens
As soon as the 'bad guys' are put in jail and the 'cabal' is dealt with
Anytime now since the 'good guys' took the money away from the cabal
After the Prosperity Packages are delivered
When the Black SUV's leave the gurus alone
Any day ending in y
When purple pigs fly.....
Originally posted by PatrickJane at TNT: