Sunday "Vietnam News" Posted by Henig at KTFA 2-5-2023

KTFA:  Vietnam

Henig:  18,000 tourists spend US$18.3 million on foreign tours during Lunar New Year

08:00 | 05/02/2023

The number of tourists choosing foreign tours accounted for 55 to 65 percent of the total domestic and foreign tours.

Around 18,000 Vietnamese tourists chose foreign tours through travel agencies in Ho Chi Minh City during the Lunar New Year holiday this year, spending a total of VND430 billion (US$18.3 million), according to a report from the city's Department of Tourism.

The number of tourists choosing foreign tours accounted for 55 to 65 percent of the total domestic and foreign tours.

This is an unexpected growth, according to tourism businesses.

Nguyen Nguyet Van Khanh, director of Vietravel's marketing department, said that the company recorded a total of more than 47,000 tourists registered for Tet tourism, much higher than last year.

This year, despite the effects of the pandemic, tourists are still excited about their plans to travel abroad because their favourite destinations have almost returned to normal and visa policies are also more convenient.

Destinations such as Thailand, Japan, the Republic of Korea, Europe and the US always attract many tourists; some tourists even choose to pre-book foreign tours in March and April 2023.

Similarly, travel companies such as Saigontourist, TST Tourist and Benthanh Tourist have had dozens of tourists going abroad during this Tet holiday.

Tran Quoc Bao, deputy general director of Saigontourist Travel, said that the number of tourists travelling aboard on the Lunar New Year holidays through the company reached 21,000.

Source: vietnamnews.vn    LINK

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Henig:  Vietnam develops green agriculture to increase exports to EU

07:00 | 05/02/2023

Vietnam is paying attention to mobilising resources to invest in developing green agriculture with an aim to raising the market share of its agricultural exports to the European Union.

Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share.

This is a modest number, although the agricultural sector has optimised many advantages of the EU-Vietnam Free Trade Agreement (EVFTA).

One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements.

According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice production.

Therefore, to boost farm exports to the EU, the sector is advised to pay more attention to green growth indicators through making policies and roadmaps to reduce greenhouse gas and methane emissions in accordance with international commitments.

Last year, the Ministry of Agriculture and Rural Development approved an action plan to implement the National Strategy on Green Growth from 2021-2030, which aims to specify goals, tasks and solutions to realise the strategy and the national action plan for green growth.

Under the plan, the ministry will work to develop the agricultural sector in an ecological, organic, circular and low-carbon direction to improve growth quality, added value, competitiveness and sustainable development, while reducing pollution in agricultural production and rural areas, and promoting energy efficiency towards carbon neutralisation by 2050. Specifically, the sector aims for 2.5-3% in annual growth, and 42% in forest coverage.

It will also strive to increase the use of organic fertilisers to 30% of all those consumed, along with 30% of pesticides and at least 30% of farm areas using water-saving systems.

The sector will switch 300,000 hectares of rice to other crops with higher economic and environmental efficiency, while aiming for over 2% of organic farms out of the total farming area.

Source: VNA    LINK

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Henig:  Screening tools to enhance FDI quality

06:00 | 05/02/2023

(VEN) - A set of foreign direct investment (FDI) screening tools was launched recently as a result of cooperation between the Vietnam Chamber of Commerce and Industry (VCCI) and the United Nations Development Program (UNDP), promising enhanced effectiveness of foreign investment flows into Vietnam.

Ministry of Planning and Investment data show that Vietnam so far has attracted nearly US$440 billion of FDI from 140 countries and territories.
According to VCCI, FDI is one of the major resources for socioeconomic development. However, certain problems have arisen with FDI projects.

For example, some FDI companies were involved in transfer pricing and tax evasion, or did not abide seriously by environmental regulations, with detrimental social consequences. Local governments had to revoke some investment certificates due to delayed implementation of projects, while some foreign-invested projects still operate at a loss.

Some companies have failed to adhere to environmental laws and regulations. Inspections conducted by the Vietnam Environment Administration in 28 northern provinces from 2017 to 2019 show an increased percentage of FDI companies violating environmental regulations, from 44.5 percent in 2017 to 56 percent in 2018 and 68 percent in 2019.

Moreover, according to a VCCI study, only five percent of FDI projects use high technology, 80 percent use medium technology, and 14 percent use low technology. The local content of products ranges from 20-25 percent, lower compared with other countries in the region.

How to attract quality FDI projects, or to find responsible investors? How to minimize socioeconomic and environmental impacts of low-quality foreign investment projects? These questions are of great concern.

One of the solutions, according to Ramla Khalidi, UNDP Resident Representative in Vietnam, is using a set of screening tools to select responsible investment projects and to ensure their benefits for the Vietnamese people, environment and economy, helping promote Vietnam’s sustainable development.

According to Dau Anh Tuan, Head of VCCI’s Legislation Department, the tools include compulsory assessments by local governments to exclude FDI projects not abiding by Vietnamese laws and causing risks to the socioeconomic life and the environment, while encouraging abidance by international standards and good, responsible business practices.

The screening tools are expected to help improve the quality and effectiveness of FDI in Vietnam, increasing their contributions to Vietnam’s socioeconomic development

Nguyen Hoa    LINK

Henig:  Việt Nam attends Laos’ Bolaven coffee festival

February, 03/2023 - 16:13

Vietnamese coffee businesses are attending Laos’ Bolaven coffee 2023 festival which is underway from February 2-4 in the southern province of Champasak of Laos.

VIENTIANE - Vietnamese coffee businesses are attending Laos’ Bolaven coffee 2023 festival which is underway from February 2-4 in the southern province of Champasak of Laos.

The event is not only an opportunity for coffee growers in Laos to promote organic coffee products to international friends but also a chance for Vietnamese enterprises to expand their market in Laos.

Among the 50 booths displaying products from Laos, Thailand and Cambodia, Việt Nam is represented with three booths introducing its products from three localities, namely Đà Nẵng City, Đắk Lắk and Bình Phước.

Currently, Laos’ coffee products have been exported to more than 20 countries. In 2022, the total export volume of coffee beans of Laos reached about 22,000 tonnes with a value of over US$67 million.

Meanwhile, the General Department of Customs said Việt Nam’s coffee exports in 2022 were valued at nearly $4.06 billion, an increase of 32 per cent over that in 2021.

VNS   LINK

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Henig:  National defence industry sees remarkable progress

February, 04/2023 - 08:57

Lieutenant General Nguyễn Mạnh Hùng, secretary of the General Department of Defence Industry's Party Committee and Political Commissar, speaks to Quân đội nhân dân (People's Army) newspaper on the national defence industry's progress and missions for the future.

Lieutenant General Nguyễn Mạnh Hùng, secretary of the General Department of Defence Industry's Party Committee and Political Commissar, spoke to Quân đội nhân dân (People's Army) newspaper on the national defence industry's progress and missions for the future.

What are the highlights of the national defence industry in 2022?

The national defence industry achieved remarkable results last year with the attention of the Party and the State, the Central Military Commission (CMC) and the Ministry of Defence (MoD), the coordination and support of other ministries and departments, as well as the efforts and determination of everyone in the sector.

One of the highlights was the consultation with the CMC on the new Resolution No 08-NQ/TW on accelerating the defence industry’s development to 2030 and beyond, which was submitted to the Politburo for approval and issuance.

The MoD built an action programme to realise the resolution and submitted it to the Prime Minister for approval. This demonstrates the strategic vision of the mission to develop a self-reliant, multi-functional defence industry that responds to the need to build a modern military. At the same time, a dossier recommending the formation of the Law on National Defence, Security and Industrial Mobilisation was completed, allowing the issuance of circulars and regulations that manage and study the design and production of weapons and technical equipment.

The defence industry also saw breakthroughs in research and mastering a number of core and fundamental technologies; designing, manufacturing and producing a wide variety of arms and equipment, military vessels, as well as supporting tools for law enforcement forces and civilian use.

In the context where market demands are declining and export-import activities encounter multiple challenges, defence industry units have been actively promoting cooperation with local and international businesses to improve production and ensure stable income and employment for workers. The total revenue of the industry reached VNĐ33 trillion (US$1.4 billion) in 2022, of which 59 per cent is economic revenue.

Another notable achievement is the success of international cooperation in the defence industry and the Việt Nam International Defence Expo 2022, which attracted the participation of 174 defence businesses from 30 countries, and received high regard from the international community. This has contributed to the position and reputation of the country, its military and defence industry, opening up numerous cooperation opportunities in the sector with other countries.

Which breakthrough solutions were put in place to achieve these results?

First and foremost, the human factor is identified as the most important. We pay attention to building high quality personnel, particularly in research and development. We also formed specialised research teams that focus on several key aspects. We also link research with production, ensuring that research institutes are the science-technology foundation for factories.

Last year, solutions have been studied and proposed to maintain and improve product quality and repair to ensure stability. Several research projects on new arms production and technical support were also deployed.

In regard to economic development, the General Department of Defence Industry has put forward new strategies and solutions with stringent implementation, which has transformed the thinking on economic development in the sector’s units and departments.

Exchanges and connections with local and international businesses were also established, allowing practical and effective cooperation. Several defence businesses have become partners and suppliers for major enterprises. International standards have also been actively applied in business management and operations, as well as product quality control and digital transformation.

The department also focuses on promoting collective power in its mission and actively coordinates with other units for common growth.

What are the challenges facing the defence industry and the solutions to alleviate these issues?
While the national defence industry has seen comprehensive progress, there are still several shortcomings such as the limited coordination between institutions and policies, or among ministries and departments in the sector’s development. Financial investment and resources for the industry are not yet sufficient, and there are few multi-functional products for civilian use and export. We still have limitations in mastering the fundamental technology and special materials.

To alleviate these issues, the industry has been implementing multiple missions and solutions. The first is focusing on and proposing a complete legal framework for the defence industry, including specific mechanisms and policies on science-technology research and application. We also implement projects that invest in the industry’s potential, mobilising resources and developing high-quality human resources. Business structures were also streamlined to ensure productivity and efficiency.

In addition, the General Department of Defence Industry also suggests and actively consults with the MoD on implementing the mid-term public investment plan in the 2021-25 period, diversifying and effectively using investments to develop the industry’s potential.

The department continues to research and develop mid and long-term investment plans and projects for a modern, multi-functional defence industry. Other tasks include consultation, development and implementation of coordination mechanisms in the sector, promoting joint ventures, technology transfer and international cooperation in product research, production and consumption.

How has the General Department of Defence Industry attracted and developed high-quality human resources?

The defence industry’s human resources are seeing progress in terms of both quantity and quality, with an increase in the number of master’s and doctoral degree holders specialising in new and advanced technology.

To achieve these results, the department has always considered attracting and building high quality human resources a key and fundamental solution, which decides immediate and long-term development.

Recruitments are also conducted based on positions’ demands, reforms and the department’s structure and efficiency improvement. More human resources are assigned to special technical departments. Priority is also given to well-trained people with science-technology and foreign language qualifications, who have the capacity to receive technology transfer, design, produce and repair hi-tech products, and work in an international environment.

The department also looks into and applies suitable policies and benefits to attract and retain qualified staff, such as ensuring a good working environment, conditions for development, income and housing.

To improve the industry’s development in the new context, the department is proposing to the MoD to develop specific policies and frameworks that help attract, train and motivate high-quality human resources.

What are the key missions of the General Department of Defence Industry in the future?

The first mission is to focus on implementing managerial missions assigned by the State on the industry, and building institutions following the direction of the CMC. We will also continue our work on the missions identified in the government’s action programme and the MoD’s plans in regard to Politburo’s Resolution No 08; the draft Law on National Defence, Security and Industrial Mobilisation after receiving the approval for our dossier; and the proposal for specific mechanisms in the industry’s development.

The second is to build the plan and people’s determination for the project restructuring businesses in the 2021-25 period, which focuses on merging enterprises in military ship production and repair, with a strict, determined and appropriate action roadmap that ensures efficiency, stability and growth.

The third is to successfully research and manufacture modern arms and equipment. In 2023, we focus on studying the design and production of strategic weapons, completing the required procedures to start producing military vehicles, effectively implementing science-technology research and development programmes on mobile complexes and new-generation precision weapons, and extending studies in accordance with the MoD’s plans.

The fourth is to continue developing strong research personnel and assign specific tasks to research groups, in order to meet the demands in production goals following Resolution No 08.

— VNS   LINK

"Tidbits From TNT" Sunday 2-5-2023

TNT:

Tishwash:  The Russian bear is knocking on the gates of Baghdad to break American hegemony and open parallel cooperation

Moscow directed its diplomatic compass towards Baghdad to send the most important diplomatic figure to Baghdad, Russian Foreign Minister Sergei Lavreur, to break the ice, open the doors of cooperation, and strike at the American hegemony, which harmed the interests of Iraq and Russia.

Representative Muhammad Al-Baldawi said in a statement to Al-Maalouma that "the American hegemony prevented Iraq from moving except towards Washington, which imposed its political and economic interests," noting that "Lavrov's visit will focus on investing Iraq's capabilities at the level of the commercial, industrial and economic sectors.”

And he continued, "The difficulties that Iraq has gone through in terms of political, economic and social crises are the result of the absolute domination of America over the country," noting that "the government decided to open up to all countries of the world." after getting rid of the restrictions imposed by America on Iraq.”

 Regarding Iraq's openness towards Russia, France and Germany, Al-Baldawi said, "Iraq's compass will rotate properly towards all countries of the world in the coming period, away from America."

And speaking of the Sudanese foreign visits and their importance to Iraq, independent politician Abbas al-Maliki said in an interview with Al-Maalouma that "America dominates the Iraqi economy through the transfer of Iraqi money from oil imports to the American federal account," noting that "Iraq's orientation towards Europe and the East will strengthen its international standing will enable it to gradually get rid of American hegemony at all levels." 

Regarding Al-Sudani's move towards Europe, Al-Maliki states that "America's acquisition of Iraq in this way was the result of an almost complete cut-off from the world, as well as the failure to sign memorandums of understanding that contribute to the advancement of Iraq in all aspects.”

  To confirm the political analyst Sabah Al-Aqili that the visit of Russian Foreign Minister Sergey Lavrov to Baghdad will be the beginning of Iraq's launch towards balanced relations, indicating that the relationship with the Russian side at the present time is governed by several determinants. 

Al-Aqili said in a statement to Al-Maalouma, that "there is no doubt that there is competition between the Russian and the American side to enter the markets of West Asia and Iraq, and Iraq's relationship with the two sides is certainly governed by several determinants, and therefore the Iraqi government must follow the policy of holding the stick from the middle and balancing its relationship with the two sides because the American side is He will put pressure on Iraq as a provocation.” 

He added, “The Iraqi government may practice the theory of a balanced relationship with Russia and hold the stick from the middle, and it remains for it to deal with Russia, America, China and other European countries with a policy of balance and impose on those countries that the relationship with it is far from any interference in its internal political, economic and commercial affairs.”

 In addition, former MP Muhammad al-Bayati said in an interview with Al-Maalouma agency, “One of the reasons for Al-Sudani's going to Germany is that America wants to open new horizons and make some contracts with Europe, especially Germany, so that it will not be greatly affected by the Ukrainian war.

Al-Bayati suggested that "there will be an agreement in this direction because Washington wants some European countries to obtain some contracts from friendly countries, including Iraq, which prompted Iraq to turn towards the German company Siemens."

The former deputy explained: "In the event that this agreement is true, there will be good work by the German company that will be able to work inside the country."    link

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Tishwash:  Allawi: The US Federal Reserve's decisions are systematic and deliberate to control Iraq

The leader of the National Coalition, Iyad Allawi, accused, on Sunday, the United States of America of practicing blackmail against the Sudanese government, indicating that the decisions of the US Federal Reserve are systematic and deliberate to control Iraq.

 Allawi said in a televised interview, followed by Al-Maalouma, that "Iraq must go to sell oil to India, China and other countries in order to obtain dollars urgently and without entering into a crisis, as is happening now."

 He added that "the rise in dollar prices and the decisions of the US Federal Bank were not accidental and could be elements of pressure against the government."

 He pointed out that "Foreign Minister Fouad will visit Washington to discuss the 'dollar' crisis and remove Iraq from Chapter VII, with a pledge towards a clear monetary policy to avoid the crisis."

A member of the House of Representatives, Suhaila Al-Sultani, had warned of America's continued control of the Iraqi economy through its control of the dollar paper, while stressing that the country's survival as a hostage to this situation would diminish its sovereignty.

Al-Sultani said in a previous interview with Al-Maalouma, "Washington today unnaturally imposes its hegemony on Iraq by controlling the Federal Bank."  link

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Tishwash: Associated Press: The Washington-Baghdad agreement stopped the collapse of the Iraqi dinar against the dollar

The Associated Press announced, today, Sunday, that the collapse of the Iraqi dinar against the US dollar, which has been going on for days in an unprecedented manner, has been “stopped now” after an indirect agreement between Baghdad and Washington to address the crisis of dollar smuggling outside the country. 

The agency said, in a report translated by (Baghdad Today), that "the sharp fall of the Iraqi dinar during the last period has been successfully stopped now, after the interview that took place between the Iraqi Central Bank delegation and US treasury officials bore fruit," referring to the meeting that took place last week between the two parties. in the Turkish capital, Ankara.

And it indicated that "the American side was briefed on the reforms and procedures of the Iraqi government and the Central Bank to address the country's commitment to the sanctions imposed by the United States on the countries of the region, including Syria and Iran, as Assistant Director of the US Treasury Brian Nelson praised the dedication of the authorities in Baghdad to improve the level of its cooperation with the American measures."

The agency indicated that "the exchange rates of the dinar against the US dollar witnessed, for the first time in days, expectations of stability in the value during the coming days, with the results of the meeting held in Ankara," stressing that "the Iraqi authorities are still continuing their plans to send a delegation to Washington, from It is expected that he will arrive this week in order to solve the crisis radically   link

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CandyKisses:  Intelligence: $70 million a day smuggled overland through the region

Baghdad – Nas  

Two of al-Sudani's advisers told Middle East Eye that intelligence suggests that dollar smuggling has recently grown by land through the Kurdistan region, and from there to Turkey or Dubai.      

The Qatari-funded website stated in a report by NAS (February 5, 2023) that "in response to the growth of smuggling, the Iraqi government has set up several new checkpoints equipped with sonar devices along the road from Baghdad to Kurdistan."   

Meanwhile, security forces have launched a crackdown to track down currency traders and middlemen who buy and sell dollars on the black market.  

Security sources said several of them had already been arrested over the past few days.   

This has alarmed exchange offices, which receive a fixed daily share of the dollar auction. Almost all of them stopped selling dollars except to well-known customers for fear of arrest.  

Similarly, WhatsApp and Viber groups that were used to solicit dollars from private banks and intermediaries have been deleted out of concern that they could be hacked or hacked, security and financial sources told Middle East Eye.  

Despite this, at least $70 million a day is being smuggled out of Iraq through the Kurdistan region, according to Iraqi bankers and officials.  

The owner of an exchange company involved in dollar smuggling told the website that "his work is only: frankly, all this harassment by the security services has exacerbated the crisis and revived our work."  

"The profits we are now making in exchange for providing the required dollars to traders and venture capitalists, whether in Dubai or Turkey, have multiplied tens of times over the past few weeks," he said.  

"We don't ask any questions and the merchant or customer doesn't want to answer any questions related to him or his money, that's why they turn to us. All they have to do is make a phone call and send their Iraqi money. Sooner or later, and that's it."  

Brokers are now buying dollars from these exchange houses and transporting them overland to Kurdistan.    

Three owners of exchange and brokerage companies and Iraqi officials said that a group of influential local officials and politicians are taking these dollars through the Ibrahim al-Khalil border crossing into Turkey.  

Dollar smuggling or dinar laundering?  

Owners of exchange and financial brokerages told Middle East Eye that the cost of transferring money abroad has increased one and a half times over the past week, as the process has become "more difficult and more expensive."  

The sources said the fees are taken by intermediaries who receive cash from Iraq of no more than $15000,<> per million dollars.  

But according to three owners of exchange and financial brokerage companies and two bankers, it costs $184,<> to exchange a million dollars in a deal to get that money out of Iraq — far more than the local rate.  

Mot:  ~~ LOL - I Wasn't Prepared fer This un!! ~~~

Mot:  ... When Ya Can Tell a Farmer Has too Much Time on his Hands!

News, Rumors and Opinions Sunday Morning 2-5-2023

Kat Anonup Update: BRICS

Sunday, 5 February 2023, 0:10 AM   04 February, 04:05

Gene Decode
BRICS is being used to implement GESARA globally.
BRICS linked to STARLINK / QFS

Charlie Ward
China is leader of BRICS w/1.5 BILLION people
China & Russia decided to do deals with oil w/o the Deep State US $
India also on board.
India has 1.5 BILLION people….so that’s 3 BILLION people off DS US fiat $
Russia came on board with OIL & instead of using the DS US $  they used Gold-backed Currency w/India & China.

THAT’S THE “SECRET” QFS HIDDEN BEHIND-THE-SCENES ASSET BACKED CURRENCY.
So that’s BRICS

WE’RE SEEING THE COMPLETE COLLAPSE OF THE OLD SYSTEM

The gold-asset-backed U.S. $→ the U.S. Note [USN] is expected to go live this week but will take 9-months to roll out.

As of 2-1-23 the paper $, Euro & poundARE WORTH NOTHING.

Exciting 3 months of TRANSITION.
When USN goes live it will not be public but behind-the-scenes.

THIS is when NESARA / GESARA kicks in
we’re seeing the complete collapse  of the tax systems—IRS & Inland Revenue

https://dinarchronicles.com/2023/02/05/kat-anonup-update-brics/

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Kat Anonup Update: Australia to Remove British Monarch from Banknotes

Saturday, 4 February 2023, 20:57 PM

04 February, 12:10

Diana RED
Australia will remove the British monarch from its banknotes replacing Queen Elizabeth II’s image on its $5 note  with a design honouring Indigenous culture,  the central bank said Thursday.

The decision to leave King Charles 3 off the $5 note  means NO MONARCH WOULD REMAIN 
on Australia’s paper currency.  DFSRED

American Patriot  
GCR ALL must fall 

ALMOST EVERY EUROPEAN COUNTRY HAS DENIED  the Cabal’s new proposed fiat digital banking system 
(the Great Reset)  which would have meant  their continued full control of all monies  across the globe 
through digital currency that had no [asset] backing.

ishjay1960

ASSET BACKED CURRENCY
Zimbabwe is backing its currency with Diamonds, most BRICS countries are using Gold/precious metals
but currency can be backed with oil, land, & other tangibles.

https://dinarchronicles.com/2023/02/04/kat-anonup-update-australia-to-remove-british-monarch-from-banknotes/

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Ginger in Wolverine’s room :

Monies dispersed. In Tier 3, those who hold historical bonds, have a paymaster that sees to it that his/her group receives their proper funding as soon as Tier 4B goes.

Liquidity for all! This paymaster signed his NDA pretty recently as well.

Then the cut off of communication happened about a week after that.

This kinda helps us all see how close we are. Be encouraged

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Courtesy of Dinar Guru

Frank26  [Iraq boots-on-the-ground report]  FIREFLY: We hear major changes are coming to all government banks. This announced by new CBI governor Alaq.   FRANK:  ...They brought back Alaq because he knows what Dr. Shabibi wanted with the monetary reform.  Alaq is the perfect man to finish the reform because he started it with Dr. Shabibi.

Mnt Goat  Article Quote:  "Prime Minister Mohammed Shia al-Sudani had said earlier that the Iraqi dinar was “stronger” than the dollar, while urging citizens not to acquire dollars."   we hear it now from the new prime minister himself. There is no more hiding it that they are artificially suppressing the rate of the Iraqi dinar using the peg of the dollar and currency auctions to do it...

The US Already Defaulted on its Debt... 3 Times

Heresy Financial:  2-4-2023

Many Americans are not aware that the United States has already defaulted on its debt. In fact, the United States has defaulted on its debt three separate times in U.S. history.

And given the current situation that the US government finds itself in, we are going to see that default is the only option from here on out. It is a question of when, not a question of if.

Timecodes

0:00 Video Introduction

0:25 The 1934 Default on Liberty Bonds

 3:45 The Short Default of 1979

5:46 Solutions for the Debt Ceiling

8:20 Treasury Department Prioritizing Bond Payments

9:25 Technical Defaults

https://www.youtube.com/watch?v=gRal4XYOTwI

Bill Holter - Perhaps the Fed's Plan is to Crash the System

Silver Bullion TV:  2-3-2023

SBTV spoke with Bill Holter, broker with Miles Franklin Precious Metals Investments, about the coming economic crash that will dwarf the 2008 Great Financial Crisis and why it could be the Fed's plan to crash the overly indebted system.

Discussed in this interview:

 00:00 Introduction

01:35 Getting out of the system

03:49 Is the dollar dead?

09:09 Eisenhower's warning of misplaced power

12:35 Moving away from the dollar

17:04 Game over

19:58 The Fed is popping the credit balloon

22:30 The coming crash

23:43 When the credit dominoes fall

https://www.youtube.com/watch?v=MRcjCF9mZFk 

Saturday "Vietnam News" Posted by Henig at KTFA 2-4-2023

KTFA:  Vietnam

Henig:  Việt Nam to further contribute to strengthening ASEAN solidarity: ambassador

07:00 | 04/02/2023

ASEAN foreign ministers are expected to propose initiatives and solutions to cope with challenges in the region and the world, strengthen the bloc's solidarity during their meeting in Jakarta on Feb 3-4.

JAKARTA — Vietnamese Minister of Foreign Affairs Bùi Thanh Sơn's attendance at the ASEAN Foreign Ministers’ Meeting Retreat (AMM Retreat) in Jakarta on February 3-4 will contribute to enhancing solidarity and consensus in the ten-member grouping, thus elevating Việt Nam's role and position in ASEAN and international forums, a Vietnamese diplomat has said.

In an interview granted to the Vietnam News Agency ahead of the AMM Retreat, Ambassador Nguyễn Hải Bằng, Permanent Representative of Việt Nam to ASEAN, said given the current complicated circumstances, the meeting is expected to offer an opportunity for ASEAN FMs to discuss and reach consensus on the bloc’s orientations.

The ministers are expected to propose initiatives and solutions to cope with challenges in the region and the world, strengthen the bloc's solidarity, enhance ASEAN’s centrality in the region, and facilitate recovery of the entire association and each member nation, the ambassador continued.

According to Bằng, on the sidelines of the AMM Retreat, Son and his counterparts in ASEAN will pay courtesy calls to Indonesian President Joko Widodo, and hold many bilateral meetings.

Since joining ASEAN, Việt Nam has proven its role as an active, responsible member that is willing to lead and contribute to building rules for the bloc.

At the upcoming retreat, Việt Nam will propose initiatives aiming to improve institutional capacity and operational efficiency of ASEAN agencies and review the implementation of the ASEAN Charter for timely adjustment and supplements, towards ensuring that ASEAN Community building efforts are made in an effective and coordinated manner across all three pillars.

Also as part of the community building framework, Việt Nam will join in finalising Timor Leste's observer status and contributing to building a roadmap for Timor-Leste to secure the ASEAN membership.

According to the ambassador, another important issue at the upcoming retreat meeting is measures to materialise the Five-Point Consensus on Myanmar, and Việt Nam stands ready to engage in the process.

Other issues to be tabled for discussion include orientations to boost cooperation between ASEAN and its partners in the spirit of ensuring and promoting the centrality of ASEAN as well as mechanisms and initiatives of or led by ASEAN, including the ASEAN Outlook on the Indo-Pacific, and how to continue urging major countries to soon join the Treaty on the Southeast Asia Nuclear Weapon-Free Zone (SEANWFZ).

The present emerging international and regional issues would also be of great concern as they directly affect ASEAN, he said, noting that the task of the Vietnamese delegation was to raise initiatives in order to build a common stance, helping to ensure ASEAN solidarity and unity.

Speaking of priorities set by Indonesia as ASEAN Chair 2023 that are maintaining ASEAN’s position and consolidating its centrality in the region and the world, and comprehensively spurring economic recovery and growth, turning ASEAN into a bright spot of the global economy, Bằng affirmed Việt Nam's support for and readiness to contribute to these efforts this year.

Source: VNS    LINK

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Henig:  Trade surplus with America exceeds US$100 billion

07:00 | 04/02/2023

Viet Nam enjoyed a trade surplus of US$100 billion with the Americas for the first time in 2022, according to the Ministry of Industry and Trade (MoIT).

In the year, trade with the continent accelerated to US$153.9 billion, representing a year-on-year increase of 10.7 percent. In which, Viet Nam's exports to America reached US$128.2 billion, up 12.4 percent and its imports reached $25.7 billion, up 3 percent on-year.

Trade between Viet Nam and major markets in the Americas saw stable growth, such as that with the U.S. up 11 percent, Brazil up 6.6 percent, Canada up 16.5 percent, Mexico up 7.1 percent, Chile up 9 percent, and Argentina up 8.3 percent.

For the U.S. market, the two-way trade trade turnover increased by 11 percent to US$123.86, of which Viet Nam's exports to the U.S. hit US$109.4 billion, up 13.6 percent compared to 2021.

Deputy Minister of Industry and Trade Do Thang Hai said that 2023 would continue to be a challenging year, thus market situation should be closely monitored and more solutions needed to maintain and expand export markets.

Source: VGP   LINK

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Henig:  Banks plan to pay cash dividends for first time in three years

February, 04/2023 - 08:05

TPBank is due to pay a cash dividend at a rate of 25 per cent instead of a stock dividend like in previous years. This means that shareholders will receive VNĐ 2,500 (US$0.11) per owned share.

HÀ NỘI — Some banks have announced plans to pay cash dividends to shareholders for the first time in three years.

Accordingly, TPBank is due to pay a cash dividend at a rate of 25 per cent instead of a stock dividend like in previous years. This means that shareholders will receive VNĐ2,500 (US$0.11) per owned share.

The payment is expected in the first quarter of 2023. The source is from undistributed profits as of 2021 after disbursing funds according to the audited financial statements.

This is the first bank to consult shareholders on cash dividend payments this year.

TPBank said that accumulated to the end of 2022, the remaining profit and surplus from funds reached more than VNĐ13.36 trillion. Of which, the undistributed profit until 2021 after distributing to funds was nearly VNĐ5.5 trillion.

Last year, TPBank also recorded a 30 per cent growth in profit before tax to nearly VNDĐ7.9 trillion, thanks to an increase in fee income and the recovery of customers whose debts were extended during the pandemic, so risk provisions were reduced.

Previously, Vietnam International Commercial Joint Stock Bank (VIB) said that if it is approved by the general meeting of shareholders and approved by the State Bank, it can pay a cash dividend of up to 35 per cent of the charter capital, meaning that shareholders owning one VIB share can receive VNĐ3,500 in dividends. According to VIB's representative, the payment rate could be higher if irregular revenues were recorded in 2022.

In 2022, VIB recorded a profit before tax of more than VNĐ10.58 trillion, an increase of 32 per cent over the previous year.

Similarly, Vietnam Prosperity Commercial Joint Stock Bank (VPBank) and Asia Commercial Joint Stock Bank (ACB) also plan to pay cash dividends this year.

VNS    LINK

Henig:  PM emphasises importance of boosting external activities at export market conference

February, 04/2023 - 07:58

Prime Minister Phạm Minh Chính said the Ministry of Industry and Trade should take advantage of the free trade agreements (FTAs) that Việt Nam has joined.

HÀ NỘI - At a conference held by the Ministry of Industry and Trade on expanding the export market in Hà Nội on February 3, Prime Minister Phạm Minh Chính emphasised the importance of boosting external activities and fostering bilateral and multilateral cooperation. 

Deputy Prime Minister, Minister of Natural Resources and Environment Trần Hồng Hà and Minister of Industry and Trade Nguyễn Hồng Diên also attended the conference.

Chính said the ministry should take advantage of the free trade agreements (FTAs) that Việt Nam has joined to help diversify export markets and maintain traditional markets, such as the US, China, the EU, Japan, South Korea and ASEAN.

Việt Nam needed to expand its export market to Eastern Europe, the Middle East, South America, South Asia, and Africa and promote supply chain diversification.

Negotiations that are ongoing concerning an FTA with Israel and the opportunities from China's reopening after COVID-19 must also be exploited. 

The PM requested the MoIT implement synchronous solutions to boost exports for commodities with high potential and demand on the global market.

In addition, the sector needed to boost domestic purchasing power by implementing trade promotion programmes on the domestic market and promote the distribution of goods via e-commerce channels.

It needed to focus on calling for investment in modernising the distribution system in rural and mountainous areas to promote Vietnamese goods.

The ministry was also asked to step up market management and the fight against smuggling and trade fraud and take specific solutions to mobilise and bring into full play resources, especially those from different economic sectors.

It needed to coordinate with ministries and sectors to reduce logistics service costs to improve competitiveness.

The leader also stressed the importance of digital transformation, a green and circular economy, and the climate change response while urging the ministry to quickly complete the four master plans on electricity, energy, minerals and oil and gas infrastructure.

At the conference, Minister Nguyễn Hồng Diên said that in 2023, the Ministry of Industry and Trade would focus on implementing programmes to restore and develop the economy, promote disbursement of public investment capital, creating the supply of materials for sustainable product development.

The ministry would focus on solving difficulties for businesses, implementing solutions to removing barriers in terms of credit and administrative procedures to promote economic growth.

It would also promote administrative reform, simplify procedures, and create favourable investment, production and business activities conditions.

According to a report presented at the conference, industrial production recovered in almost all fields and localities last year, of which processing and manufacturing remained the main growth driver with a rate of 8.1 per cent.

Export-import also hit a new record of over US$732.5 billion in revenue, representing a 10-fold rise year-on-year. The trade surplus had been maintained for seven consecutive years, reaching $11.2 billion in 2022.

The total retail sales of goods and services increased by nearly 20 per cent, exceeding the set target by 2.5 times.

Việt Nam is among the top five countries worldwide for e-commerce growth.

At the meeting, the sector proposed the Government continue with policies to boost production and business, attract more foreign investments, and soon build and approve national, regional, provincial and sectoral planning schemes, and further consolidate institutions relating to the sector.

VNS    LINK

***************

Henig:  Vietnam’s rice export forecast to enjoy another successful year

07:00 | 04/02/2023

Vietnam’s rice export is forecast to continue reaping successes this year as the world's rice prices remain high at least in the short term as global economic and political uncertainties have resulted in a high demand for rice reserves, according to experts.

According to the Vietnam Food Association, by the middle of last month, Vietnam earned nearly 115 million USD from exporting more than 226,000 tonnes of rice, an increase of over 41% in terms of both volume and value compared to the same period last year.

The country exported ST24 and ST25 rice to the Middle East region with a record-high price of 1,000 USD per tonne, doubling the price of normal white rice.

Vietnamese rice further penetrated demanding markets like Japan and the EU.

According to experts, more than 80% of rice varieties in Vietnam are fragrant high-quality rice, which is an important factor that helps increase Vietnamese rice's value and accessibility to markets.

This year’s rice prices are forecast to return its peak in 2019 thanks to periodical factors and increasing demand for rice reserves in countries, including such populous nations as China and India.

Moreover, Vietnamese rice exporters are taking advantage of free trade agreements.

Pham Thai Binh, General Director of Trung An Hi-tech Agriculture Joint Stocks Company, said that before the EU–Vietnam Free Trade Agreement (EVFTA) took effect, Vietnamese rice exported to the EU was taxed at high rates, from 5% to 45%, depending on countries.

As the result, it was difficult for Vietnamese rice to compete with those from Cambodia and Myanmar as the EU has exempted import taxes for those countries.

Meanwhile, although Thailand’s rice is heavily taxed but its branding is strong and long-lasting, resulting in its high competitiveness, Binh said.

According to analysts from BIDV Securities Company (BSC), unfavourable weather conditions make major rice exporters like India and Pakistan reduce export volumes while major rice importers like China increase imports.

Vietnam and Thailand are expected to hold negotiations to discuss rising rice prices in the context of increasing prices of input materials.

Last year, Vietnam exported nearly 7.2 tonnes of rice, gaining 3.49 billion USD.

Source: VNA   LINK

*************

Henig:  Greening foreign investment

06:00 | 03/02/2023

(VEN) - The government’s declared commitment to reduce net carbon emissions to zero by 2050 has prompted a wave of high-quality, sustainable foreign direct investment (FDI) projects.

FDI remains key development driver

According to a report by the Foreign Investment Agency under the Ministry of Planning and Investment, in the first 11 months of 2022, the capital of new FDI projects, capital increases of ongoing projects, and capital contributions and stock purchases by foreign investors totaled more than US$25.1 billion, equaling 95 percent of the commensurate period sum in 2021. The processing and manufacturing industry led the way with total investment of US$14.96 billion, accounting for 59.5 percent of registered investment capital. Along with newly registered capital, the adjusted capital grew 18.9 percent. Notably, FDI disbursement reached US$19.68 billion, up 15 percent over the same period last year and a five-year record.

The growth momentum of the adjusted capital signals foreign investors' confidence in Vietnam’s economy and investment environment. What is more, the realized disbursement of foreign investment has spawned economic growth and improved production capacity, while connecting Vietnamese enterprises with global production and distribution chains. More importantly, the flow of investment capital into the high-tech sector is in line with Vietnam's goal of improving the quality and efficiency of foreign investment cooperation.

Alain Cany, Chair of the European Chamber of Commerce (Eurocharm) in Vietnam, suggests that rather than looking at new investment figures, Vietnam should focus on high levels of disbursement. European businesses in Vietnam are much more optimistic than before the pandemic given Vietnam’s flexibility in efforts both to repel COVID-19 and to support business activity. Therefore, investor commitment is reflected not only in pledged capital but in the disbursed sums.

Matsumoto Nobuyuki, Chief Representative of the Japan External Trade Organization (JETRO) in Ho Chi Minh City, commented that among roughly 600 Japanese enterprises operating in Vietnam, some 60 percent expected profits in 2022. Revitalized from the post-pandemic recovery, the number of profitable businesses in both manufacturing and non-manufacturing sectors increased compared to 2021. In comparison with the Asia and Oceania regions, the number of businesses with optimistic forecasts in Vietnam is higher.

The improved business profits are attributed to the post-pandemic recovery. However, the production efficiency improvement and the increased domestic purchasing power also contribute to Vietnam's growth, Nobuyuki noted.

Attracting green, sustainable FDI

Despite the global decline in foreign direct investment, Vietnam is an exception, reflecting investor confidence in its medium and long-term growth prospects.

Along with strong government determination to advance a green economy, Vietnam also has opportunities to attract investment projects of high technology and low impact on the environment from investors in developed nations. In fact, these investors are increasingly interested in environmental and sustainability issues, highlighting Vietnam’s advantages for their investment decisions.

The Ministry of Planning and Investment reports that from the end of 2021, the quality of projects has shifted in line with Vietnam's green growth goals. The Danish Pandora Group’s new LEGO plant, for example, is Vietnam’s

first carbon-neutral factory that uses only renewable energy.

"We perceive a much larger wave from Europe to Vietnam and there will be a wave of business and potential investors to explore Vietnam, especially in the green domains and green industries," Cany predicted.

According to foreign investors, the macroeconomic background is stable, placing the new FDI inflows in the "green" mainstream serving sustainable development and accompanied by investment in human resources, science and technology and the sector ecosystem.

Ngoc Thao    LINK

More News, Rumors and Opinions Saturday Night 2-4-2023

KTFA:

Clare:  Sudanese adviser: Central Bank actions will raise the value of the Iraqi dinar

2/04/2023

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Saturday, that the Central Bank's measures had positively affected the negotiations with the US Treasury, indicating that these measures would raise the value of the Iraqi dinar.

Salih said, "The procedural package launched by the Central Bank of Iraq hours ago is a positive reflection of the success of negotiations between the Central Bank of Iraq and the US Treasury, and is a systematic easing of the restrictions imposed, by adopting international banking tools as transparent channels for the transfer of funds, and in a more detailed way to conduct external transfers." between Iraq and the world.

And Saleh continued, in an interview with the official news agency, which was followed by Mawazine News, that "the issued instructions indicate a systematic liberation of external transfer from the restrictions, instructions and customs previously approved on the movements of the Iraqi balance of payments, which will raise the value of the Iraqi dinar rapidly."   LINK

****************

Clare:  The Russian Foreign Minister is visiting Baghdad this week

2/04/2023

An official source in the Iraqi Ministry of Foreign Affairs revealed today, Saturday, an expected visit by Russian Foreign Minister Sergey Lavrov to the capital, Baghdad.

The source told Shafaq News agency, "The Russian Foreign Minister, Sergey Lavrov, will visit the Iraqi capital, Baghdad, next Monday, at the head of a government delegation and a number of major Russian companies, during which he will meet his Iraqi counterpart, Fouad Hussein, and the three Iraqi presidencies."

And the source, who asked not to be named, stated that "Russian Foreign Minister Sergey Lavrov will discuss in Baghdad the energy, oil and gas file and the work of Russian companies, in addition to the armament file," noting that "there is a possibility to conclude various deals during Lavrov's meetings with Iraqi officials."     LINK

****************

Courtesy of Dinar Guru

Mnt Goat  Article Quote:  "Prime Minister Mohammed Shia al-Sudani had said earlier that the Iraqi dinar was “stronger” than the dollar, while urging citizens not to acquire dollars."   we hear it now from the new prime minister himself. There is no more hiding it that they are artificially suppressing the rate of the Iraqi dinar using the peg of the dollar and currency auctions to do it...

Militia Man  They did have meetings today in Turkey.  They're having meetings tomorrow in Turkey.  The United States, Central Bank governors in Turkey.  Those things are for a reason.  We don't know what all they are but we do know that they're after one thing.   They're after getting this country [Iraq] into the international market with Article VIII compliant currency...It's obvious we're at a threshold.  I'm looking forward to seeing it happen...

**************

Iran, Russia to integrate banking systems to bypass Western sanctions

The memorandum of understanding includes more than 100 banks in 13 additional countries

Iran and Russia signed an agreement Sunday to integrate their banking systems to help them skirt Western sanctions. 

Mohen Karimi, the Central Bank of Iran’s deputy governor, signed a memorandum of understanding with his Russian counterpart in Tehran Sunday. 

"From now on, the financial messengers of all Iranian banks and all Russian banks are linked to each other," Karimi told Iran’s state-run Mehr news agency. 

He said the memorandum of understanding includes more than 100 banks in 13 additional countries but did not name them. 

https://www.foxnews.com/world/iran-russia-integrate-banking-systems-bypass-western-sanctions

America is on the gold standard!

Dr. Kia Pruitt:  2-4-2023

Intel starts about minute 20:00

Our Republic of America is on a gold standard. States are catching up to reflect this, by introducing and passing legislation to utilize gold and silver as legal tender.

 As of 2019, these were the 13 states that we knew had introduced or passed legislation to make gold/silver legal tender (to be used as money):  LINK

https://www.youtube.com/watch?v=-uM7n1ejSVc

The IMF Reports "Gold is a Barbarous Relic No More"

Heresy Financial :  2-3-2023

They have recently published a paper titled “Gold as International Reserves, a Barbarous Relic no more.” This is just shocking to me coming from the IMF, but it is potentially just them recognizing the reality of the world around us today and trying to get in front of that so that they are not relegated to complete oblivion and uselessness.

https://www.youtube.com/watch?v=ib4UIk9z1nI

Toxic Debt Addiction Will Lead To Fatal Economic Destruction -Gold Loves Chaos

Matthew Piepenburg: Toxic Debt Addiction Will Lead To Fatal Economic Destruction - Gold Loves Chaos!

Good as Gold Australia:  2-4-2023

In this latest interview, Darryl and Brian Panes from As Good As Gold Australia interview for the first time, the Commercial Director of Matterhorn Asset Management, and Author of 'Gold Matters' and 'Rigged to Fail', the one and only - Matthew Piepenburg.

 When President Ronald Regan came to office, the US debt limit had to be raised to over US$1 trillion and 8 years later, the debt was US$2.8 trillion.

 Today in 2023, the US Government is talking about raising it from US$31.4 trillion to another breathtaking, unimaginable, record new-level.

How long can this continue before there is a total collapse of the fiat currency system?

The Government has suggested, a trillion dollar platinum coin to solve the debt ceiling crisis - absolutely rediculous, but one shouldn't expect anything different from senseless politicians.

A lot has been said recently about gold and silver having a great year this year and next. A Kitco online news survey showed investors could see silver jumping to US$38 per ounce (AUD$50) or a 50% increase in 2023.

https://www.youtube.com/watch?v=LcyVrLrHbpk

"Tidbits From TNT" Saturday 2-4-2023

TNT:

Tishwash: 33.97 tons.. Iraq ranked second in the Arab world by buying gold in 2022

Today, Saturday, the World Gold Council stated that Iraq is the second Arab country to buy the largest amount of gold in 2022.

The World Gold Council said in a report, followed by (Baghdad Today), that "the central banks of the world bought last year 2022 the amount of 1136 tons of gold, at a value of $ 70 billion, and thus set a record in 55 years."

And she explained, "The volume of gold purchases increased in the second half of last year, from July to December 2022, when central banks acquired 862 tons, while they bought only 274 tons in the first half of the year."

According to the chief analyst at the World Gold Council, "a lot of central bank purchases were driven by the fact that bullion is seen as a safe haven in turbulent times and is expected to retain its value despite geopolitical changes, unlike more volatile currencies and bonds."

According to the council's data, "most of the central bank purchases came from emerging markets, including China, Turkey, Egypt and Iraq, which traditionally have lower bullion sizes than Western banks."

The data showed that "Egypt came as the largest buyer of gold among the Arab countries, as it bought 44.6 tons, and Iraq came second with a quantity of 33.97 tons, and then the UAE came third with a quantity of 18.5 tons   link

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Weekend update for February 4, 2023

WELL, WE CLOSED OUT THE CALL THINKING "NUTTIN" WOULD HAPPEN OVER THE WEEKEND....NOW BANKSTERS ARE TALKING OTHERWISE?????????? TIME WILL TELL

Netglobal:  GM Forex is closed until Sunday 4pm EST I believe. Now is the perfect time to implement the new rate.

************

Tishwash:  Iraqi advisor: Negotiations with the US Treasury succeeded, and the value of the dinar will rise

Mazhar Muhammad Salih, the financial advisor to the Iraqi Prime Minister, confirmed today, Saturday, that the Central Bank's measures have reflected positively on negotiations with the US Treasury, saying that these measures will raise the value of the Iraqi dinar.

Salih told the Iraqi News Agency (INA) that "the procedural package launched by the Central Bank of Iraq hours ago is a positive reflection of the success of negotiations between the Central Bank of Iraq and the US Treasury, and is a systematic easing of the restrictions imposed, by adopting international banking tools as transparent channels for the transfer of funds, in a detailed manner." Wider to conduct external transfers between Iraq and the world.

 He added, "The instructions issued indicate a systematic liberation of external transfers from the restrictions, instructions, and customs previously approved on the movements of the Iraqi balance of payments, which will rapidly raise the value of the Iraqi dinar."

Yesterday, Friday, the Central Bank of Iraq revealed the contents of its governor’s meeting, Ali Al-Alaq, with Assistant US Treasury Secretary Brian Nelson in Turkey.

The media office of the bank said, in a statement received by "INA", that "during the meeting, prospects for cooperation and coordination between the two sides were discussed, in a way that contributes to achieving the stability of the exchange rate in Iraq and the mechanisms related to that."

He added, "The US Treasury confirmed its support for achieving economic stability in Iraq, in reference to strengthening what was discussed between Prime Minister Muhammad Shia al-Sudani and US President Joe Biden in the phone call that took place between them in stressing the importance of Iraq's stability to the region."

He continued, "The US Treasury Department has expressed its readiness for the necessary flexibility to achieve common goals," noting that "it was agreed to continue coordination and cooperation during the meetings to be held in Washington, DC, before the middle of this month.  link

**************

Tishwash:  The Central Bank reveals about an upcoming meeting between Al-Alaq and the US Treasury

A member of the Board of Directors of the Central Bank of Iraq, Ahmed Buraihi, revealed, on Saturday, the existence of a new meeting between the Governor of the Central Bank of Iraq, Ali al-Alaq, with the American side in Washington during the coming days, indicating that the meeting of al-Alaaq and Assistant Secretary of the US Treasury Brian Nelson on Friday in Ankara, it was very positive.

Buraihi said, in a statement to Al-Maalouma, that "the meeting of the Central Bank Governor on the relationship with the US Assistant Secretary of the Treasury Brian Nelson sent great optimism to the specialists, as it will quickly contribute to the decline in the dollar exchange rate." 

He added, "The meeting is preliminary to the next meeting that will bring together the relationship with the Treasury Minister." The Governor of the Central Bank on Al- Alaq   concluded this Friday evening in Turkey his meetings with US Assistant Secretary of the Treasury Brian Nelson and his accompanying delegation, during which the prospects were discussed. Cooperation and coordination between the two sides in a way that contributes to achieving the stability of the exchange rate in Iraq and the mechanisms related to that.   link

************

Tishwash:  Trade memorandum between Iraq and Jordan

The Amman Chamber of Commerce and the Iraqi Business Council signed a memorandum of understanding to enhance the concept of partnership and facilitate and develop the process of cooperation between them in the economic fields in general and trade and services in particular.

The memorandum, which was signed by Chamber President Khalil Hajj Tawfiq and Council President Majid Al-Saadi, stipulated the cooperation of the two parties in the field of exchanging information and data issued by them on a regular basis, especially those related to economic fields and facilitating intra-trade, and disseminating it to the business community and economists in the two countries.

The Chamber stated in a statement that, according to the memorandum of understanding, coordination will take place between them to organize conferences, seminars and workshops on topics of common interest directed to both sides and the business community in general, with the aim of spreading awareness, in addition to exchanging invitations for events held by each side.

According to the memorandum, available advice and expertise will be provided to investors, business owners, exporters and importers in both countries, as well as promoting partnership and investment opportunities for the business community of each.

The memorandum provides for the provision of appropriate conditions for the effective participation of business owners, projects and various bodies in international and national exhibitions, and other arrangements that are held in both Jordan and Iraq, according to the official Jordanian News Agency, Petra.

It also stipulated the formation of a joint committee to consider the affairs and issues of each of the members of the Chamber and the Council of investors and business owners, and to follow up with the competent authorities in both countries.

It is noteworthy that the Iraqi Business Council in Amman was established in 2006. It is a forum for businessmen to exchange views, ideas and business information, provide job opportunities through trade and social missions, and introduce existing investment opportunities in Jordan and Iraq.   link

Mot:  I JUST WANTED TO SHARE 

Mot:  .. My Kind of Guy!!! ~~

Weekend News With MarkZ 2-4-2022

Weekend News with MarkZ 02/04/2023

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

​Member: Good morning everyone. Be blessed today

Member: GM everyone, what's the excitement today thus far?

Member: Is CBDC (Central Bank Digital Currency) going to be offered at the same time as the RV? I heard that today and don’t see how that could happen.

MZ: If we get a CBDC, then we have lost this round of the battle. But no part of me is worried about that. The CBDC simply is not ready and we are getting to close to the commodities backed reset. It is not something  I am worried about but I am keeping an eye on it.

Member: Will Nesara happen the same time as the RV?

MZ: I hear they will start at the same time but that Nesara/Gesara will take months to completely roll out…that is what I have been told.

Member: anybody see NADERS video this morning

Member: yes Nadar is singing!

Member: until we sing at the bank...nothing matters

MZ: Yes, Nader lit things up yesterday…including the singing….he is smiling like he knows something….go check out Nader from the Mid East and like and subscribe for him . I believe he said once when he was singing it was “go”

MZ: I am getting exceptional news out of Iraq this weekend. If I had one or two more verifications in this vetting process I probably would already have come on showing you the golden shirt …I feel we are that close.  The news has been phenomenal out of Iraq and the region…...

 MZ: Redemption Center folks have not been called in yet. They are still very hopeful…and I think this ill be a long week for them. This excitement level is making it hard.

MZ:  No new CMKX news right now. They are still waiting for all of us to go at once.

Member: What is CMKX?

MZ: It was the stock ticker for CMKM diamonds and one of the most successful law suits won against the SEC and the US government won by the Attorney Al Hodges….Search for CMKX  on youtube ….go watch it and it will answer your questions.

MZ: I will see if I can talk Sheila into doing a podcast on CMKX in the next few days.

Member: Do you think they will RV during an information black out with possible internet and phones down? How would we know?

MZ: I have been guaranteed that they will not down the internet worldwide. That they will only take down in pieces and parts as they do cleanups. They may take it down in certain areas for a few hours right before and during an operation …

MZ: there is to much of our medical stuff and 911 calls rely on the voip protocal, to take it down. I am told not to worry about that. But that they will take over much of our social media. In other words we will still be able to have internet and set appointments.

Ember: Will have 2 appointments after RV. The banker and wealth manager at the 2nd one?

MZ: Depends on if you want on appointment with a bank or wealth manager. Some may not want one. Soe may have already lined up their own . the first appointment is to get exchanged and your money in the bank…they would love it if you wanted to use their wealth management teams. It will be up to ou what you want to do.

Member:  Charlie Ward said to watch Monday-end of Chinese’s new year celebration

Member: Just Got off insiders club with Charlie he was tongue and CHEEK POINTING TO Monday after Chinese New Year!

Member: Lots of military activity in Central PA. Not sure why, but multiple helicopter drills and maneuvers daily over the river and convoys on the highways.

Member: So much is happening... I am so excited to see what happens over the next few days. We are getting closer

Member: Mark, what have you heard about the new Treasury out of Texas now?

Member: I also heard ruors the new Treasury location will be in Nevada

Member: Mark, if and when we make our appointments, will the call centers will be available 24/7? I work late

Member: Mark has always said we will have about 10 days to make appointments and 30 days for us to exchange.

Member: Dinar Data just said that the Dinar could now go as high as $4.17.

MZ: I am still hearing above $3 for the rate compared to the USD. There is a whole heck of a lot of yo-yoing going on. They are throwing all kinds of rates at us. They do this on purpose. Its all part of the smoke and mirrors that go along with a major change in currency values. I think they are hiding this one right out in the open right now. The rate and how many days off we areis the question now. .

Member: I think the rates are going to be better than we have been told.

MZ:  Mondays podcast will be at 12 noon est…not 10 AM.   I will be taking my friends to the airport for they can fly away. …I will tweet it out tomorrow as a reminder.

Member:  Mark a huge thanks as always for all you bring to this community.

Meber: Really hope this is our last weekend broke.

The CBD Gurus join the stream at the end. Please listen to the replay for their information

“THE INFO IN THIS PODCAST IS FOR GENERAL INFO & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

The next stream is Monday at 12 PM NOON est……..UNLESS.

https://www.youtube.com/watch?v=7zo19oXvOsk

News, Rumors and Opinions Saturday AM 2-4-2023

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Sat. 4 Feb. 2023

Compiled Sat. 4 Feb. 2023 12:01am EST by Judy Byington

The Iraqi Dinar Reinstated on Wed. 1 Feb. and Revalued on Thurs. 2 Feb., kicking off the Global Currency Reset that takes the world’s monies out of the hands of the Cabal and gives it back to The People.

The Rothschilds/ Rockefellers/ Blackrock/ Fortune 500 companies/ State Street/ Vanguard/ Jesuit Society Cabal have been in control of the world banking system since the beginning – until this week’s implementation of the gold/asset-backed Global Currency Reset by 209 countries.

Almost every European country has denied the Cabal’s new proposed fiat digital banking system (the Great Reset) which would have meant their continued full control of all monies across the globe through digital currency that had no backing.

Global Currency Reset:

On Sun. 29 Jan. 2023 the Iraqi Dinar was listed on the ISX, Nasdaq.

As of Tues. 31 Jan. 2023 the US Inc. fiat Dollar officially transitioned to the new gold/asset-backed US Note.

As of Wed. 1 Feb. 2023 the US Inc. fiat Dollar was no longer recognized as legal tender anywhere in the world and banks were using the new Quantum Financial System.

On that same Wed. 1 Feb. Charlie Ward, head of the Redemption Committee, mentioned on his Insiders Club that the USTN would probably go live this week.

Fri. 3 Feb. MarkZ: Rumors were that the new Dinar Rate has been locked in at $3.93 In-country Rate. That will not affect the Tier4B Contract Rate, which will be higher. Bond Holders and Tiers including Tier4b (us, the Internet Group) might go over the weekend.

Fri. 3 Feb. Shiela: “They (Iraqi Dinar) traded in the ISX all week long and celebrated with fireworks last night over it.”

Fri. 3 Feb. Okie (not Okieoilman) via Twitter: “It is finished. OK. Sit down, relax and get ready to say your Thanksgiving Prayer. I was informed about an hour ago that the RV had taken place in Iraq. I waited for two additional confirmations before informing you of this. It is finished.”

On Friday 3 Feb. all Basel 4 Compliant banks were expected to go public with the new gold/ asset-backed currency International Rates.

Martial Law was ready to go with the Emergency Alert System used as needed.

Fri. 3 Feb. MarkZ: “I was told that even if the Dinar floats it will not affect our contract rate….ours will be collected with the “Oil for Dinar Contract” unless you just go into the regular bank….in which case…the float/street rate is what you will get. …Most of my sources believe it’s locked in at a $3.90 street rate. The bond people are still hearing ”hey, be here tomorrow …they are to do this over the weekend” They hear the 3a groups over the weekend and the 4a tier getting funds the first of the week and us in the 4b group going to the banks/Redemption Centers. The chatter remains good though. It is constant right now…Things are fluid ……Probably the most encouraging parts are what we are hearing out of Nader, Militia Man and Dr. Pruitt. We are seeing so many sources on the ground in Iraq giving us supporting evidence and news on the impending change.”

Fri. 3 Feb. Bruce: “We know that Iraq did their thing with their reinstatement of the Iraqi dinar on Wed. 1 Feb, officially. And then today Thurs. 2 Feb, it revalued and it’s got a rate on the screen and it’s going up. We heard some outrageous contract rates for the dinar which is a real thing.  Oh, and there’s no contract for dong – just so you know  – but there is on the dinar – and is higher than we had been told it would be…  So where we stand right now – is things are so quiet…we are just at a point where they do not want us to know the timing of when this is going to be released… I’m still excited…I’m hoping we get some action here the next couple days… I have to believe we’re very, very close.”

Read full post here:  https://dinarchronicles.com/2023/02/04/restored-republic-via-a-gcr-update-as-of-february-4-2023/

************

Courtesy of Dinar Guru

Nader From The Mid East  When [Sudani] says, 'I'm gonna change the dinar rate...it doesn't mean it's gonna go 2 to 1 or 1 to 1.  It can be back to [the year] 2020.  I hope they put it back in [the year] 2003...we deserve that I think...

Militia Man  A lot of things have happened in the last few days.  You have the Central Bank talking, You have the government talking, you have the United States Federal Reserve Bank talking.  You have meetings going on in Washington ...You have meetings that are said to be done today in Turkey and tomorrow in Turkey.  You have demonstrations that may be taking place in the sense of 'monetary reform, why hasn't it happened yet?'  Some of the articles we're seeing are phenomenal. We have Al-Sudani coming out and talk to the citizens telling everybody 'Hold on a minute.  Don't do anything.  Your dinars are going to be effetely stronger that the dollar'...

Breaking! Gold and Silver are Legal Tender (Money) in Almost all 50 States!

Dr. Kia Pruitt:  2-3-2023

Check out what I found, family! We really are on the gold-standard (or close to it), behind the scenes!

https://www.youtube.com/watch?v=dD_qTseUCUo

Iraqi Dinar update for 02/04/23 - How about a $1.12 exchange rate

Pimpy’s Investment Chat: The other Side of Things :  2-4-2023

https://www.youtube.com/watch?v=mE9BbqqxSA4

Friday Night "Humor While We Wait" Posted by Mot at TNT

TNT:

Mot:  He was really proud of himself, having a quick, witty solution ...

This man went out with the boys, and told his wife that he would be home by midnight. At around 3 AM, drunk as a skunk, he headed for home. Just as he got in the door, the cuckoo clock in the hall started up and cuckooed 3 times.

 Quickly he realized she'd probably wake up so he cuckooed another 9 times.

 He was really proud of himself, having a quick, witty solution, even when smashed, to escape possible conflict.

Next morning, his wife asked him what time he got in, and he told her 12 o'clock. She didn't seem disturbed at all.

Then she told him that they needed a new cuckoo clock.

When he asked her why, she said "Well it cuckooed 3 times, then 'Hiccuped', cuckooed 4 more times, cleared its throat, cuckooed another 3, giggled, cuckooed 2 more times and tooted.

Mot:  I was beginning to think I had paid more for that bull ......

I recently spent $6,500 on this registered Black Angus bull. I put him out with the herd but he just ate grass and wouldn't even look at a cow.

I was beginning to think I had paid more for that bull than he was worth.

Anyway......I had the Vet come and take a look at him. He said,, the bull was very healthy, but possibly just a little young, so he gave me some pills to feed him once per day.

The bull started to service the cows within two days……. all my cows! He even broke through the fence and bred with all of my neighbor's cows! He's like a machine!

I don't know what was in the pills the Vet gave him ... but they kind of taste like peppermint.

Mot:  .... and Another ""Texting Tip"" from Mot! ~~~

Mot:  .. Yet Another Joy of Becoming More Seasoned! ~~~ old band

Mot:  ...... LOL ...... Splains a few - Huh! ......

Mot:  ...... Ya Gots to be Careful What Ya Says to Kids! – LOL 

Some "Vietnam News" Posted by Henig aat KTFA Friday 2-3-2023

KTFA:  Vietnam

Henig:  Economic growth and market upgrade to draw capital

February, 02/2023 - 10:48

HÀ NỘI — The prospect of economic growth and market upgradation is the driving force to attract cash flow into the stock market.

Việt Nam is among the world's fastest-growing economies with an average GDP growth rate of about 6.5 per cent per year in the period before the COVID-19 pandemic. The target of economic growth in 2021-2025 at 6.5-7 per cent per year was set out at the 13th National Party Congress despite the fact that the economy was severely affected by the COVID-19 pandemic in 2021. However, VinaCapital forecasts that this growth can still be maintained in the 2023-25 period.

High economic growth will support the companies listed on the stock market. In 2023, the business results of listed companies may be affected by the slowing growth of exports and consumption and high interest rates. The earnings per share (EPS) growth is forecast to be in single digits in 2023.

However, from 2024, when inflationary pressures are gone, central banks around the world can loosen monetary policy to stimulate the economy, and at the same time, the internal difficulties and challenges of the economy will be tackled, Việt Nam's economy will recover, and the stock market's EPS growth is likely to return to double digits.

Infrastructure investment will remain a priority focus of the Government for many years to come and will have a positive impact on the economy in the long term.

In July 2022, the Government issued Resolution No. 86/NQ-CP on the development of a safe, transparent, efficient and sustainable capital market in order to stabilise the macro-economy, and mobilise resources for socio-economic development.

The Resolution stressed the need to urgently implement measures to upgrade Việt Nam's stock market from the frontier market to the emerging market to attract investment capital. Currently, the stock exchanges and securities companies are testing the new trading system KRX, which can meet the requirements of launching new products, shorten the transaction time, and help the Vietnamese stock market meet the requirements of upgradation.

According to VinaCapital, the growth prospect of Việt Nam's economy in the next 3-5 years and the prospect of upgradation will be an important driving force to attract cash flow from both domestic and foreign investors. The size of the stock market will continue to expand thanks to increased liquidity and there are still many new companies likely to list in the coming years.

Both the Vietnamese economy and stock market are still in a high growth phase for at least the next five years, VinaCapital said.

VinaCapital also cited factors that are forecast to positively affect the market in 2023, including inflation, interest rates, exchange rates, public investment, and China's reopening.

Specifically, global inflation is likely to have passed its peak. The Bloomberg Global Commodity Index peaked in June 2022 and was down about 16 per cent by the end of 2022. US inflation also peaked at 9.1 per cent in June 2022, from where it started decreasing.

Central banks will be less aggressive in tightening monetary policy. In 2022, the US Federal Reserve (Fed) raised interest rates seven times. The Fed is expected to continue to raise interest rates in 2023, but the increase will be much less than in 2022 as inflation pressure has subsided.

Pressure on domestic interest rates and exchange rates has decreased significantly. Specifically, the overnight interbank interest rate fell below 5.0 per cent by the end of 2022. Also in December 2022, credit institutions agreed to apply the maximum deposit interest rate of 9.5 per cent for all tenors, while previously, there were some small banks that pushed deposit rates up to 11-12 per cent.

In addition, public investment will be speeded up in 2023. The National Assembly has approved a public investment plan in 2023 with a total capital of over VNĐ700 trillion, an increase of about 25 per cent compared to the plan in 2022.

In addition, China ending the zero-COVID policy and reopening the economy will have a positive impact on the Vietnamese economy, especially the tourism sector. In the period before the COVID-19 pandemic, Chinese tourists accounted for nearly one-third of international visitors to Việt Nam. In addition, the reopening of China's economy will help reduce input costs for Vietnamese manufacturing enterprises using materials imported from China, and will promote exports from Việt Nam to China, especially for agricultural products, VinaCapital forecasts.

— VNS    LINK

***************

Henig:  FTAs provide a push for Việt Nam’s exports in 2023

February, 02/2023 - 14:00

The 15 free trade agreements (FTAs) to which Việt Nam is a member are expected to give a boost to Việt Nam’s export activities this year, towards the growth target of 6 per cent.

HÀ NỘI — The 15 free trade agreements (FTAs) to which Việt Nam is a member are expected to give a boost to Việt Nam’s export activities this year, towards the growth target of 6 per cent.

Phúc Sinh JSC, based in HCM City, has exported 50 containers of coffee, pepper, cashew nut and other products to Europe, the US and the Middle East in early 2023.

The company shipped about US$50 million worth of goods to Europe in 2020 and $63 million in 2021, which grew some 30 per cent last year.

It is among the hundreds of domestic firms that are effectively utilising the FTAs, contributing to raising Việt Nam’s agro-export revenue to over $53 billion in 2022.

Chairman and General Director of Phúc Sinh JSC Phan Minh Thông noted that with tax incentives, the deals will help Vietnamese goods compete with those from other countries despite difficulties forecast for this year as many major importers are expected to face inflation.

Import-export was Việt Nam’s bright spot in 2022, hitting a record of around $730.2 billion, of which $371.5 billion came from exports, statistics show.

Notably, thanks to the EU-Việt Nam Free Trade Agreement (EVFTA), garment-textile exports to the EU reached $4.46 billion, representing a year-on-year rise of 34.7 per cent.

The sector is projected to rake in $47-48 billion this year, which is within its reach as the FTAs will accelerate the relocation of investment from other countries to Việt Nam, according to Chairman of the Việt Nam Textile and Apparel Association (VITAS) Vũ Đức Giang.

Minister of Industry and Trade Nguyễn Hồng Diên also held that the agreements will further prove their role this year as the market share of many key exports still remains limited in foreign countries.

— VNS    LINK

****************

Henig:  Food and beverage industry to do well this year despite modest economy

February, 03/2023 - 08:14

The food and beverage market is forecast to grow by over 18 per cent this year to VNĐ720 trillion (US$31 billion).

HCM CITY — The food and beverage market is forecast to grow by over 18 per cent this year to VNĐ720 trillion (US$31 billion).

A recent report by iPOS.vn said that, after an impressive rebound in 2022, the F&B industry is poised to achieve “sustainable growth”.

It predicted the market to top VNĐ938 trillion ($40 billion) by 2026.

It expected big players to push strongly this year to gain market share but smaller ones to exercise caution since the economic difficulties would continue in 2023.

New brands like Phê La and Katinat Saigon Kafe would enter, it said.

It forecast some business models to struggle in 2023, including food delivery because sellers would have to reduce their prices to be competitive.

The model developed strongly when the COVID-19 pandemic hit.

A representative of Golden Trust, a company in food and beverage sector, told Việt Nam News that he expected "stable development", but brands should ensure quality in all aspects from infrastructure to services.

A report from Momentum Works said Southeast Asia’s food delivery spending grew by a modest 5 per cent to $16.3 billion in 2022 after a two-year COVID-driven boom.

For the first time in three years growth was driven by the smallest markets, the Philippines, Malaysia and Việt Nam.

Food delivery players in the region, including in Việt Nam, exited unprofitable businesses and markets, it said.

“Major players pivoted away from cost-intensive business models such as dark stores for groceries and dark kitchens for food delivery. This trend is expected to continue into 2023…”

Việt Nam has around 338,600 restaurants and coffee shops, with HCM City accounting for nearly 49 per cent followed by Hà Nội.

The food and beverage market was worth around VNĐ610 trillion ($26 billion) last year.

Of the 3,000 restaurants and coffee shops that took part in a survey done by iPOS.vn for its report, over 46 per cent said they do not have online service. But 83 per cent of them have started to digitise and adopt technology.

Đỗ Duy Thanh, F&B director of Horeca Business School, was quoted by markettimes.vn as saying that when an economy faces difficulties, investors flock back to industries that have high demand, and F&B is an example.

He expected that many new high-end restaurants to open this year.

The slump in the property market would cause people owning properties in good locations to invest in F&B hoping that would attract customers and thus push up the price of their property, he said.

According to the survey, Vietnamese consumers are ready to pay VNĐ40,000-VNĐ70,000 for a beverage, and VNĐ500,000 on special occasions.

Over 77 per cent of consumers said they would continue to spend at this rate or more in 2023.

— VNS   LINK

Henig:  Bình Phước seeks to become modern industrial province

February, 03/2023 - 09:24

The south-eastern province of Bình Phước is seeking to develop its infrastructure and reform administrative procedures to achieve rapid and sustainable development this decade.

BÌNH PHƯỚC – The south-eastern province of Bình Phước is seeking to develop its infrastructure and reform administrative procedures to achieve rapid and sustainable development this decade.

To industrialise, it plans to build roads to connect with neighbouring Đồng Nai and other provinces in the southern region.

The roads will also be connected with major traffic routes in the region, the Cái Mép-Thị Vải Port in Bà Rịa-Vũng Tàu and the Long Thành International Airport in Đồng Nai Province.

The province also plans to build 35 industrial clusters in its 11 districts and towns by 2030 at a cost of VNĐ5.9 trillion (US$260 million).

Of them, 21 will be built on ​​583ha of land from now to 2025, and the other 14 will be built subsequently on another ​​580ha.

Priority will be given to technology, including information technology, supporting industries, agriculture, environmental protection, culture, sports, tourism, and healthcare, according to the provincial People’s Committee.

The industries to be developed include agricultural processing, rubber and plastic, metal, electronics, automobile components, and textiles and apparel.

They are expected to create around 30,000 jobs.

The demand for housing is expected to grow because of the new industrial zones.

Of the planned new residential projects, the Asian Holding Real Estate Company has invested in the 4.7ha Asian Lake View project in Đồng Xoài City.

It includes a residential area, shophouses and an area for entertainment.

Another is the 92.7ha Cát Tường Phú Hưng Complex Urban Area in Đồng Xoài City at a cost of $70 million.

To create the best possible investment climate, Bình Phước has been pushing ahead with administrative reforms, and the time needed to license a project is being cut down to a single day, while the online handling of administrative procedures will make assistance to businesses swift.

It will focus on attracting investments in technology, organic agriculture and processing of agricultural products like cashew, pepper and fruits.

— VNS    LINK

****************

Henig:  Việt Nam, Netherlands eye further cooperation in sustainable development

February, 03/2023 - 06:23

Agriculture plays a pivotal role in the economies of Việt Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries, the diplomat told Đầu tư (Vietnam Investment Review).

HÀ NỘI Due to their similar geographical features and advantages, the Việt Nam and the Netherlands have increased their sustainable development partnership in agriculture, water management, and climate change adaptation, said Ambassador of the Netherlands to Việt Nam Kees van Baar.

Agriculture plays a pivotal role in the economies of Việt Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries, the diplomat told Đầu tư (Vietnam Investment Review).

Close co-operation between the two sides has resulted in new visions and the blooming of business cooperation, with a growing number of the Netherlands' companies doing business and investing in Việt Nam.

The Netherlands is the largest European investor in Việt Nam. With their investments and innovative and sustainable operations, the country's businesses actively contribute to Việt Nam’s progress, he said.

He added that but even more significant, Vietnamese companies setting up businesses in the Netherlands as well.

Regarding the two countries' co-operation in green trade, Kees van Baar said that Việt Nam and the Netherlands are delta countries and are vulnerable to rising sea levels resulting from climate change.

The countries also aim to become climate neutral in 2050 by reducing greenhouse gas emissions.

Currently, the EU is developing and implementing new rules and regulations to support its climate ambitions, like the Carbon Border Adjustment Mechanism and Corporate Sustainability Due Diligence Directive.

He said that these new mechanisms will become effective in the coming years and will modernise and strengthen the rules for imports to the EU markets regarding environmental, social, and governance (ESG) criteria.

For companies exporting from Việt Nam to the EU or being in the supply chain of an EU company, he added that there would be strong incentives to invest in ESG reporting to enjoy low tariffs and easy access to EU markets.

Therefore, the Netherlands invests in ESG capacity building for Vietnamese companies. In the framework of the GEFE 2022 event in HCM City, the embassy offered workshops. It will continue to do so in the context of the ‘Ready to Export’ programme, which is being implemented by the Dutch Business Association in Việt Nam and Vietrade.

Regarding the two countries’ hi-tech co-operation, the ambassador said that the Netherlands is a small country in terms of area, but it is the 15th largest economy in the world.

The Netherlands has a rich history of entrepreneurial innovation with world-famous inventions, ranging from microscopes and telescopes to CDs and DVDs, Bluetooth and Wi-Fi.

During his visit to the Netherlands last December, Vietnamese Prime Minister Phạm Minh Chính visited the world-leading production and knowledge economy of the province of North Brabant and the Brainport region in and around the city of Eindhoven.

In response to PM Chính’s wish to strengthen bilateral co-operation in innovation and creativity, the Netherlands is ready to share with Việt Nam the knowledge and experience of our transition from a traditional agricultural and manufacturing industry into a world-leading high-tech hotspot, the ambassador said.

He added that they plan to organise in 2023 a mission of the Netherlands' businesses, knowledge institutes, and other stakeholders from the innovation ecosystem to Việt Nam to exchange ideas and discuss co-operation possibilities.

VNS     LINK

****************

Henig:  Garment, footwear exports aim to reach US$80 billion by 2025

07:00 | 02/02/2023

Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy.

Việt Nam's textile, garment and footwear sectors aim to achieve a total export value of US$77-80 billion in 2025 and $106-108 billion in 2030, according to the strategy for the development of Việt Nam's textile and footwear industry.
Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy.
Of which, the textile, garment, leather and footwear sectors continue to promote investment in the production of materials and auxiliary materials, as well as supporting industries.

They will encourage the production of fabrics from domestically produced yarn to reduce imports, and form a complete supply and value chain in the region.

For the leather and footwear industry, Nguyễn Đức Thuấn, chairman of Lefaso, said domestic enterprises needed to actively adapt to the requirements of the market and brands on sustainable development standards for products. They must reduce emissions in the production process, and increase the use of solar energy and highly sustainable products.

Also, according to the strategy, Việt Nam's textile and garment industry expects export turnover to reach $50-52 billion in 2025 and $68-70 billion in 2030.

The strategy also states that developing the fashion industry is considered a new direction. Accordingly, this sector will focus on developing designers, and raw material supply, production and distribution systems to form supply chains and create sustainable foundations for the development of Việt Nam's fashion industry as well as fashion centres in Hà Nội and HCM City.

The strategy encourages enterprises to gradually switch their production methods to FOB (free on board) and ODM (original design manufacturer) to add value to products, and build a private brand to improve the competitiveness of the businesses and products.

Materials are the most difficult factor in the textile and garment industry. Therefore, to promote the development of the textile and garment supporting industry, the textile and garment industry strives to have a localisation rate at 51-55 per cent in 2021 - 2025 and 56-60 per cent in 2026-2030.

To achieve this goal, it is necessary to attract investment in the development of supporting industries and the production of raw materials and accessories for the textile and garment industry based on advantages in the free trade agreements Việt Nam has joined.

The projects to develop the supporting industry and the production of raw materials and accessories should be built in regions with a number of textile and garment enterprises to reduce transport charges and production cost and improve competitiveness.

The strategy also mentions the role of State management agencies in encouraging enterprises to invest in producing fiber, yarn, textile and dyeing with advanced technology and connections with domestic garment enterprises.

This approved textile and garment development strategy will help form industrial parks with wastewater treatment areas to attract textile and dyeing projects. Now, the infrastructure for textile, dyeing and fabric production is still limited.

Domestic fabric production only reaches 2 billion metres per year, meeting 25-30 per cent of the demand of the garment industry. Việt Nam's textile and garment industry currently must import 60-70 per cent of the raw materials. Việt Nam has joined many FTAs, creating conditions for textiles and garments to expand export markets with the tariff gradually reducing to zero.

According to Chairman of the Việt Nam Textile and Apparel Association Vũ Đức Giang, in the first quarter of 2023, the number of export orders decreased by 25-27 per cent due to the decrease in global purchasing power.

Therefore, businesses can produce lower-value products, and diversify markets and products to keep production and promote growth.

Chairman of Vinatex Lê Tiến Trường said that many businesses now only ran 70-80 per cent of production capacity due to a reduction in consumer demand. So, Vinatex was now focusing on raw material production more than garment production. The materials were always the first step in greening, creating a foundation for qualified materials as green requirements of the US and Europe.

Vinatex had organised the production of yarn products from recycled materials or organic materials. At the same time, the raw material production factories were equipped with solar power to meet green energy standards.

According to forecasts, the situation of Việt Nam's textile and garment industry in 2023 would be worse than in 2022. Therefore, businesses needed to follow the market's developments to have flexible solutions to ensure efficiency in production and business, as well as promote the export of goods, Trường said.

Source: VNS   LINK

 Henig:  Bình Phước seeks to become modern industrial province

February, 03/2023 - 09:24

The south-eastern province of Bình Phước is seeking to develop its infrastructure and reform administrative procedures to achieve rapid and sustainable development this decade.

BÌNH PHƯỚC – The south-eastern province of Bình Phước is seeking to develop its infrastructure and reform administrative procedures to achieve rapid and sustainable development this decade.

To industrialise, it plans to build roads to connect with neighbouring Đồng Nai and other provinces in the southern region.

The roads will also be connected with major traffic routes in the region, the Cái Mép-Thị Vải Port in Bà Rịa-Vũng Tàu and the Long Thành International Airport in Đồng Nai Province.

The province also plans to build 35 industrial clusters in its 11 districts and towns by 2030 at a cost of VNĐ5.9 trillion (US$260 million).

Of them, 21 will be built on ​​583ha of land from now to 2025, and the other 14 will be built subsequently on another ​​580ha.

Priority will be given to technology, including information technology, supporting industries, agriculture, environmental protection, culture, sports, tourism, and healthcare, according to the provincial People’s Committee.

The industries to be developed include agricultural processing, rubber and plastic, metal, electronics, automobile components, and textiles and apparel.

They are expected to create around 30,000 jobs.

The demand for housing is expected to grow because of the new industrial zones.

Of the planned new residential projects, the Asian Holding Real Estate Company has invested in the 4.7ha Asian Lake View project in Đồng Xoài City.

It includes a residential area, shophouses and an area for entertainment.

Another is the 92.7ha Cát Tường Phú Hưng Complex Urban Area in Đồng Xoài City at a cost of $70 million.

To create the best possible investment climate, Bình Phước has been pushing ahead with administrative reforms, and the time needed to license a project is being cut down to a single day, while the online handling of administrative procedures will make assistance to businesses swift.

It will focus on attracting investments in technology, organic agriculture and processing of agricultural products like cashew, pepper and fruits.

— VNS    LINK

***************

Henig:  Việt Nam, Netherlands eye further cooperation in sustainable development

February, 03/2023 - 06:23

Agriculture plays a pivotal role in the economies of Việt Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries, the diplomat told Đầu tư (Vietnam Investment Review).

HÀ NỘI Due to their similar geographical features and advantages, the Việt Nam and the Netherlands have increased their sustainable development partnership in agriculture, water management, and climate change adaptation, said Ambassador of the Netherlands to Việt Nam Kees van Baar.

Agriculture plays a pivotal role in the economies of Việt Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries, the diplomat told Đầu tư (Vietnam Investment Review).

Close co-operation between the two sides has resulted in new visions and the blooming of business cooperation, with a growing number of the Netherlands' companies doing business and investing in Việt Nam.

The Netherlands is the largest European investor in Việt Nam. With their investments and innovative and sustainable operations, the country's businesses actively contribute to Việt Nam’s progress, he said.

He added that but even more significant, Vietnamese companies setting up businesses in the Netherlands as well.

Regarding the two countries' co-operation in green trade, Kees van Baar said that Việt Nam and the Netherlands are delta countries and are vulnerable to rising sea levels resulting from climate change.

The countries also aim to become climate neutral in 2050 by reducing greenhouse gas emissions.

Currently, the EU is developing and implementing new rules and regulations to support its climate ambitions, like the Carbon Border Adjustment Mechanism and Corporate Sustainability Due Diligence Directive.

He said that these new mechanisms will become effective in the coming years and will modernise and strengthen the rules for imports to the EU markets regarding environmental, social, and governance (ESG) criteria.

For companies exporting from Việt Nam to the EU or being in the supply chain of an EU company, he added that there would be strong incentives to invest in ESG reporting to enjoy low tariffs and easy access to EU markets.

Therefore, the Netherlands invests in ESG capacity building for Vietnamese companies. In the framework of the GEFE 2022 event in HCM City, the embassy offered workshops. It will continue to do so in the context of the ‘Ready to Export’ programme, which is being implemented by the Dutch Business Association in Việt Nam and Vietrade.

Regarding the two countries’ hi-tech co-operation, the ambassador said that the Netherlands is a small country in terms of area, but it is the 15th largest economy in the world.

The Netherlands has a rich history of entrepreneurial innovation with world-famous inventions, ranging from microscopes and telescopes to CDs and DVDs, Bluetooth and Wi-Fi.

During his visit to the Netherlands last December, Vietnamese Prime Minister Phạm Minh Chính visited the world-leading production and knowledge economy of the province of North Brabant and the Brainport region in and around the city of Eindhoven.

In response to PM Chính’s wish to strengthen bilateral co-operation in innovation and creativity, the Netherlands is ready to share with Việt Nam the knowledge and experience of our transition from a traditional agricultural and manufacturing industry into a world-leading high-tech hotspot, the ambassador said.

He added that they plan to organise in 2023 a mission of the Netherlands' businesses, knowledge institutes, and other stakeholders from the innovation ecosystem to Việt Nam to exchange ideas and discuss co-operation possibilities.

VNS     LINK

*****************

Henig:  Garment, footwear exports aim to reach US$80 billion by 2025

07:00 | 02/02/2023

Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy.

Việt Nam's textile, garment and footwear sectors aim to achieve a total export value of US$77-80 billion in 2025 and $106-108 billion in 2030, according to the strategy for the development of Việt Nam's textile and footwear industry.
Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy.
Of which, the textile, garment, leather and footwear sectors continue to promote investment in the production of materials and auxiliary materials, as well as supporting industries.

They will encourage the production of fabrics from domestically produced yarn to reduce imports, and form a complete supply and value chain in the region.

For the leather and footwear industry, Nguyễn Đức Thuấn, chairman of Lefaso, said domestic enterprises needed to actively adapt to the requirements of the market and brands on sustainable development standards for products. They must reduce emissions in the production process, and increase the use of solar energy and highly sustainable products.

Also, according to the strategy, Việt Nam's textile and garment industry expects export turnover to reach $50-52 billion in 2025 and $68-70 billion in 2030.

The strategy also states that developing the fashion industry is considered a new direction. Accordingly, this sector will focus on developing designers, and raw material supply, production and distribution systems to form supply chains and create sustainable foundations for the development of Việt Nam's fashion industry as well as fashion centres in Hà Nội and HCM City.

The strategy encourages enterprises to gradually switch their production methods to FOB (free on board) and ODM (original design manufacturer) to add value to products, and build a private brand to improve the competitiveness of the businesses and products.

Materials are the most difficult factor in the textile and garment industry. Therefore, to promote the development of the textile and garment supporting industry, the textile and garment industry strives to have a localisation rate at 51-55 per cent in 2021 - 2025 and 56-60 per cent in 2026-2030.

To achieve this goal, it is necessary to attract investment in the development of supporting industries and the production of raw materials and accessories for the textile and garment industry based on advantages in the free trade agreements Việt Nam has joined.

The projects to develop the supporting industry and the production of raw materials and accessories should be built in regions with a number of textile and garment enterprises to reduce transport charges and production cost and improve competitiveness.

The strategy also mentions the role of State management agencies in encouraging enterprises to invest in producing fiber, yarn, textile and dyeing with advanced technology and connections with domestic garment enterprises.

This approved textile and garment development strategy will help form industrial parks with wastewater treatment areas to attract textile and dyeing projects. Now, the infrastructure for textile, dyeing and fabric production is still limited.

Domestic fabric production only reaches 2 billion metres per year, meeting 25-30 per cent of the demand of the garment industry. Việt Nam's textile and garment industry currently must import 60-70 per cent of the raw materials. Việt Nam has joined many FTAs, creating conditions for textiles and garments to expand export markets with the tariff gradually reducing to zero.

According to Chairman of the Việt Nam Textile and Apparel Association Vũ Đức Giang, in the first quarter of 2023, the number of export orders decreased by 25-27 per cent due to the decrease in global purchasing power.

Therefore, businesses can produce lower-value products, and diversify markets and products to keep production and promote growth.

Chairman of Vinatex Lê Tiến Trường said that many businesses now only ran 70-80 per cent of production capacity due to a reduction in consumer demand. So, Vinatex was now focusing on raw material production more than garment production. The materials were always the first step in greening, creating a foundation for qualified materials as green requirements of the US and Europe.

Vinatex had organised the production of yarn products from recycled materials or organic materials. At the same time, the raw material production factories were equipped with solar power to meet green energy standards.

According to forecasts, the situation of Việt Nam's textile and garment industry in 2023 would be worse than in 2022. Therefore, businesses needed to follow the market's developments to have flexible solutions to ensure efficiency in production and business, as well as promote the export of goods, Trường said.

Source: VNS   LINK