Professional Documents
Culture Documents
PART 1
1.1 Location :
Vietnam is a country located on the Indochinese peninsula, Southeast Asia, along
the Pacific Ocean. Vietnam has a land border of 4,550 km with China in the north,
Laos and Cambodia in the west; East sea bordering the east.
Vietnam's GDP increased by 2.91% in the first half of 2020 compared to the same
period last year. The increase is within the previous forecast of the Ministry of
Planning and Investment. However, it was the lowest increase in the recent decade
due to complicated development of Covid-19 epidemic
1.4 CPI
The average consumer price index in 2020 increased by 5.15% compared to 2019.
Food and catering services are estimated to increase by 12.55% compared to
the previous year, contributing to the general CPI increase of 5.24%, mainly
due to the increase in rice prices because of consumer demand, domestic
production and import demand. rice exports of other countries increased due
to concerns that the Covid-19 epidemic could be prolonged; price of pork
increased and processed pork products such as sausages, spring rolls...
increased due to a sharp decrease in supply because affected by African
Swine Fever;
The price of most food products outside the family such as pho, rice, coffee,
juice... all increased from 2,000 VND to 5,000 VND since the beginning of
the year due to the increase in input costs, pushing the price index of this
group to 14.08. % compared to 2019.
Education group price index increased by 5.46% compared to the previous
year mainly due to the price of educational services .
1.5 Export – Import
The Vietnam Customs Statistics announced that in the first half (01-15/5/2020) of
May-2020 , Vietnam’s total exports of US dollars 8.22 billion and imports of US
dollars 9.17 billion resulted in a trade deficit of nearly US dollars 957 million.
Accordingly, the total value of export and import turnover of Vietnam in the first
half of May was US dollars 17.39 billion, down by 4.7% as compared to the second
half of April-2020.
1.5.1 Export
When compared with the second half of April-2020, export of first half of May
decreased by 11.1%, mostly as a result of the downturn registered in telephone,
mobile phone and part thereof (down by 16.9% - USD 207 million); machine, tools
and equipments (down by 14.5% - USD 128 millions); irons and steels (down by
60.9% - USD 114 million); computer electrical products and part thereofs (down by
7% - USD 111 million)…
1.5.2 Import
In the first half of May 2020, import increased by 1.9% when compared with the
second half of April, mainly reflecting the upturn in computer, electrical products,
spare-parts and components thereof (up by 7.3% - USD 142 million); irons and
steels (up by 33.6% - USD 92 million); fabrics (up by 11.8% - USD 50 million)
1.6 Government policy :
Since its foundation by Ho Chi Minh in 1930, the Party structure has been modelled
upon the USSR, even down to the white shirts and red kerchiefs of members of the
school level ‘Young Pioneers’.
The Youth Union is currently working on a large project to replace the hundreds of
rickety bamboo and rope ‘monkey bridges’ that criss-cross the canals in the
Mekong Delta.
•Before independence
During decades of resistance and warfare, the dominant aim of the party was victory
over the French and independence, leaving little time for theoretical political
discussion.
Money of the
State of the Set of money (1985-1987)
Socialist Republic current set of coins
of Vietnam
(1987 to present )
(1976 to present )
Coins (1976 to present )
First time: On May 15, 1947, the Government issued Decree 48/SL allowing
the circulation of banknotes of 1 dong, 5 dong, 10 dong, 20 dong, 50 dong,
100 dong, 500 dong. At the same time, the state implemented the exchange
of Indochinese silver coins, the ratio of 1 Vietnamese dong to 1 Indochinese
silver coin
The second time :Vietnam Bank was established by Decree No. 86/SL dated
September 17, 1947 of the President of the Government of the Democratic
Republic of Vietnam. Exchange 10 currencies Finance for 1 currency
National Bank - A currency exchange took place up to 20 months, longest in
the history of currency exchange of Vietnam Bank.
The third time: 2/1959 - 10/1960: This money exchange is considered the
most «spectacular» in the history of Vietnamese currency. Because the first
National Bank money was printed in 1951 to exchange for dong. Finance
was earlier, so most of the people who had money to change were in the
public sector receiving salaries from the state budget, so in February 1959,
the Government decided to allocate money to the public. redistributed
income and exchanged money for the second time at the rate of 01 dong of
the new national bank to 1000 dong of the old national bank.
Fourth time: June 6, 1975 - 5 weeks after liberation, the Provisional
Revolutionary Government of the Republic of South Vietnam issued Decree
No. On September 22, 1975, under the leadership of the Politburo and the
Central Committee of the Labor Party of Vietnam, the Provisional
Revolutionary Government of the Republic of South Vietnam organized a
money exchange on a nationwide scale to put a new currency named «Bank
Money of Vietnam» into circulation with the ratio of 1 VND of Vietnam
Bank to 500 VND of the Republic of Vietnam's currency and equivalent to 1
USD
Fifth time: May 2, 1978 - On the occasion of the 3rd anniversary of the
complete liberation of the South, the State of the Socialist Republic of
Vietnam announced the third currency exchange nationwide, unifying the
national currency with the rate of 1 dong of the old State Bank in the North
or 0.8 of the Liberation currency in the South for 1 dong of the new SBV.
Sixth time: September 14, 1985:, facing the complicated situation of goods
and money circulation and the serious shortage of cash in payment, the State
again announced the exchange of money at the rate of 10 currencies of the
State Bank. The State has added to circulation a large amount of money
equivalent to 1.38 times the amount of new money issued in the previous
money exchange to serve the wage and price reform.
2.1 Name
Dong (International transaction code: VND, symbol: đ or đ) is the official currency
unit of Vietnam, issued by the State Bank of Vietnam .
2.2 Signal
2.3 Characteristics
Example : 500,000 VND
Issuing date: 17/12/2003
Size: 152mm x 65mm.
Material: Polymer.
Colors: blue and bluish purple.
Substances on the front size: Legend “Socialist Republic of Vietnam” –
Vietnamese emblem – Portrait of PresidentHo Chi Minh – Denomination of
500,000 VND in words and in numbers – Traditional decorative & modern
net pattern.
Low volume shows that the market is unstable, illiquid, investors lack
confidence when trading at that price. It can also be indicative of a sideways
market period.
Increasing volume is a signal that the market is about to have a new
breakout, but can also make a top or bottom. Either way, an increase in
volume indicates that a new spike is about to take place in the market.
Because it reflects market sentiment very well, volume is often used in
conjunction with trend analysis and market price behavior analysis.