Vietnam boasts one of the world’s fastest-growing economies, optimistic citizens and a stable government.
But below the surface of positive data points lies discontent that spilled over during recent protests across the country.
On Sunday, hundreds of anti-riot police blanketed central Ho Chi Minh City, the nation’s thriving commercial centre, to prevent demonstrations after thousands of Vietnamese took to the streets across the nation the previous week. They were marching against proposed special economic zones with 99-year land leases they fear will lead to Chinese encroachment, as well as cybersecurity legislation they believe will curb online freedoms.
Alexander Vuving, a political analyst at the Asia-Pacific Centre for Security Studies in Hawaii, said there’s an overall frustration in society. During the 10 years since Vietnam joined the World Trade Organisation, the public has seen progress in terms of wealth creation, he pointed out, adding that at the same time, people have seen a lot of corruption scandals. And, he said, Vietnamese are "very suspicious" of Chinese influence.
Vietnam’s one-party system is governed by a collective leadership involving the Communist Party general secretary and ministers. Activists and bloggers who challenge the legitimacy of the party and government can be jailed - there are currently 169 activists in prison, according to US Representative Chris Smith, a New Jersey Republican who has held hearings on Vietnam.
To be sure, citizens have benefited greatly by the communist government’s aggressive moves to open the economy up to the world.
Vietnam has averaged economic growth of 6.3 per cent between 2005 and 2017, multiplying its per capita income six fold to $2,385 last year from $396 in 2000, according to data from General Statistics Office in Hanoi. The economy grew 7.4 per cent in the first quarter and the World Bank revised its forecast on Vietnam’s 2018 economic growth to 6.8 per cent from 6.5 per cent. The booming economy is being driven by investments from foreign companies such as Samsung Electronics, LG Electronics and Nestle that have made the country a manufacturing powerhouse.
Still, a level of distrust of the government exists among average citizens, whose concerns are amplified on social media.
One flashpoint is the nation’s fraught relations with its powerful neighbor, China, with which it fought a brief border war in 1979. A Pew opinion poll released last year found just 10 per cent of Vietnamese view China favourably. Territorial tensions have picked up between Vietnam and China since China dragged an exploration oil rig into contested waters in mid-2014. The move led to deadly anti-China protests in Vietnam and clashes at sea between coast guard boats.
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Read more:
Asia's best market performer Vietnam has worst month in two years
Philippines' economic growth tops 6 per cent for fifth year
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Carlyle Thayer, an emeritus professor at the Australian Defence Force Academy in Canberra, said anti-China sentiment "is toxic" in Vietnam.
Thousands of protesters, fearing a proposed law on special economic zones would allow Chinese to gain influence over the nation with 99-year leases, demonstrated from Hanoi to Ho Chi Minh City on June 10. In all, about 300 people were detained, including US citizen Will Nguyen, who was accused of causing public disorder, the Ministry of Foreign Affairs spokeswoman Le Thi Thu Hang said at a Hanoi press briefing Thursday.
Vietnamese are also inflamed about a cybersecurity law approved by the National Assembly last week that requires companies such as Facebook and Alphabet’s Google to store data of local users within the country. The law, which goes into effect January 1, also bans internet users from organising, encouraging or training other people for anti-state purposes, spreading false information, creating difficulties for authorities and damaging socioeconomic activity.
Unlike previous protests such as those in 2016 against an environmental disaster tied to Taiwan’s Formosa Plastics, the recent demonstrations involved more ordinary citizens and fewer well-known activists, Mr Vuving said.
An undercurrent of anger is swelling among average Vietnamese because of “massive corruption and extreme lack of transparency in provincial governments”, said Le Dang Doanh, a Hanoi-based economist and former government adviser. He said it was important that the government talk more to people to relieve problems before they become big issues among citizens.
For now, the discontentment won’t deter investors in Vietnam, which depends on foreign investment for growth, said Bernard Lapointe, Ho Chi Minh City-based head of research at Viet Dragon Securities JSC. The biggest risk for Vietnam, in case of an escalation of social discontent, would be a drop in FDI, he said.
Political leaders are working to tamp down the anger. The National Assembly postponed voting on the special economic zones legislation until later this year and removed the 99-year lease provision.
Communist Party General Secretary Nguyen Phu Trong called on citizens to trust the party’s leaders and remain calm, according to a statement posted on the government’s website Monday.
The party, he added, has no other purpose other than being for the country and for its people.
Bloomberg
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Andor
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The%20specs
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Company%20Profile
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City's slump
L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
What is double taxation?
- Americans living abroad file taxes with the Internal Revenue Service, which can cost hundreds of dollars to complete even though about 60 per cent do not owe taxes, according to the Taxpayer Advocate Service
- Those obligations apply to millions of Americans residing overseas – estimates range from 3.9 million to 5.5 million – including so-called "accidental Americans" who are unaware they hold dual citizenship
- The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
- Unlike most countries, the US follows a citizenship-based taxation system, meaning that Americans must file taxes annually, even if they do not earn any income in the US.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
COPA DEL REY
Semi-final, first leg
Barcelona 1 (Malcom 57')
Real Madrid (Vazquez 6')
Second leg, February 27
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
SHOW COURTS ORDER OF PLAY
Wimbledon order of play on Saturday, July 8
All times UAE ( 4 GMT)
Centre Court (4pm)
Agnieszka Radwanska (9) v Timea Bacsinszky (19)
Ernests Gulbis v Novak Djokovic (2)
Mischa Zverev (27) v Roger Federer (3)
Court 1 (4pm)
Milos Raonic (6) v Albert Ramos-Vinolas (25)
Anett Kontaveit v Caroline Wozniacki (5)
Dominic Thiem (8) v Jared Donaldson
Court 2 (2.30pm)
Sorana Cirstea v Garbine Muguruza (14)
To finish: Sam Querrey (24) leads Jo-Wilfried Tsonga (12) 6-2, 3-6, 7-6, 1-6, 6-5
Angelique Kerber (1) v Shelby Rogers
Sebastian Ofner v Alexander Zverev (10)
Court 3 (2.30pm)
Grigor Dimitrov (13) v Dudi Sela
Alison Riske v Coco Vandeweghe (24)
David Ferrer v Tomas Berdych (11)
Court 12 (2.30pm)
Polona Hercog v Svetlana Kuznetsova (7)
Gael Monfils (15) v Adrian Mannarino
Court 18 (2.30pm)
Magdalena Rybarikova v Lesia Tsurenko
Petra Martic v Zarina Diyas
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
Games on BeIN Sports
Company%20profile
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Earth under attack: Cosmic impacts throughout history
- 4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon
- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.
- 50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater
- 1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.
- 1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.
- 1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.
-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.
And%20Just%20Like%20That...
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MATCH INFO
Uefa Champions League, last-16 second leg
Paris Saint-Germain (1) v Borussia Dortmund (2)
Kick-off: Midnight, Thursday, March 12
Stadium: Parc des Princes
Live: On beIN Sports HD
Is it worth it? We put cheesecake frap to the test.
The verdict from the nutritionists is damning. But does a cheesecake frappuccino taste good enough to merit the indulgence?
My advice is to only go there if you have unusually sweet tooth. I like my puddings, but this was a bit much even for me. The first hit is a winner, but it's downhill, slowly, from there. Each sip is a little less satisfying than the last, and maybe it was just all that sugar, but it isn't long before the rush is replaced by a creeping remorse. And half of the thing is still left.
The caramel version is far superior to the blueberry, too. If someone put a full caramel cheesecake through a liquidiser and scooped out the contents, it would probably taste something like this. Blueberry, on the other hand, has more of an artificial taste. It's like someone has tried to invent this drink in a lab, and while early results were promising, they're still in the testing phase. It isn't terrible, but something isn't quite right either.
So if you want an experience, go for a small, and opt for the caramel. But if you want a cheesecake, it's probably more satisfying, and not quite as unhealthy, to just order the real thing.
COMPANY%20PROFILE
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Farasan Boat: 128km Away from Anchorage
Director: Mowaffaq Alobaid
Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani
Rating: 4/5
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Company%20Profile
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SPEC%20SHEET%3A%20APPLE%20IPAD%20PRO%20(12.9%22%2C%202022)
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KILLING OF QASSEM SULEIMANI
Student Of The Year 2
Director: Punit Malhotra
Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal
1.5 stars
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
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'Texas Chainsaw Massacre'
Rating: 1 out of 4
Running time: 81 minutes
Director: David Blue Garcia
Starring: Sarah Yarkin, Elsie Fisher, Mark Burnham
WITHIN%20SAND
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Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
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Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
At a glance
- 20,000 new jobs for Emiratis over three years
- Dh300 million set aside to train 18,000 jobseekers in new skills
- Managerial jobs in government restricted to Emiratis
- Emiratis to get priority for 160 types of job in private sector
- Portion of VAT revenues will fund more graduate programmes
- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government