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/ April 6, 2020

Hanoians help the poor overcome Covid-19 pandemic

The Hanoitimes - To alleviate the hardships of the destitute people, many charity programs have been underway in Hanoi city. Kindhearted Hanoians are providing food for free to the destitute who have been left with no livelihoods due to the nationwide business shutdown to prevent the Covid-19 pandemic, local media reported. The Hanoi city government has urged non-essential shops and services to close to prevent Covid-19 from spreading. Although people agreed with the authority move, it has also made life of the poor more difficult, leaving some with no means to earn a living. Nguyen Phan Huy Khoi, a businessman in Hanoi, initiates the program “You need it, you take it” to provide free meals to the destitute people. Photo: VNE To alleviate the hardships of the destitute people, many charity programs have been underway in the capital city, one such is “Sharing food every day, together overcoming Covid-19". Nguyen Phan Huy Khoi, 38, a businessman in Hanoi initiated the program “You need it, you take it” to provide free meals to the destitute people. "The enthusiastic support of the community surprises me. Many join my campaign quietly. The pandemic reveals many people in dire situation and need special attention from the community," Huy said. He added that the program is expected to last until April 15 when the current stay-at-home situation ends. However, Khoi and his friends still have plans for the possible lengthening of the business restriction period. Nguyen Thi Hoa, 45, from Nhan Chinh ward works as an hourly maid. Eight months ago, her husband died in a traffic accident and she alone has to support her three children. In these hard days, she came to take the free meal provided by Huy and his friends. "I am truly grateful to the hearts of those who give food to the poor like us," Hoa said, adding that she currently has no income due to the Covid-19 pandemic. Another benefactor, XQ group, is also giving free meal, face …

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/ March 6, 2021

Vietnamese in U.S. rattled by rising hate crimes against Asians

Walking their dog after dinner has always been a favorite daily activity of Tho Pham and his wife, a Vietnamese couple who live with their 39-year-old son in Garden Grove City, California. But not in the last few months as the wave of anti-Asian violence and harassment has terrified him. "I do not dare go out without my children because I am afraid someone will knock me to the ground or stab me to death just because I am Asian," he laments, adding that the hate crimes have disrupted his daily life. Many other Vietnamese share his apprehension, especially older people. Wally Ng, a member of the Guardian Angels, patrols with other members in Chinatown in New York City, New York, U.S., May 16, 2020. Photo by Reuters. Violence and hatred directed at Asian Americans, which also includes mugging, have surged across California since the beginning of the Covis-19 pandemic as Asians are blamed for its origin in Wuhan, China. Videos of an Asian woman being punched in the face on a subway platform and a Thai man being pushed to the ground in San Francisco have sparked fears, and the Vietnamese community is traumatized. Hoai Nguyen, a housewife in San Jose, home to the largest Vietnamese population in America, says: "It is annoying and scary when you go out and have to keep looking behind your back to see if you are being followed by someone suspicious." She has been called "coronavirus" several times while walking and shopping, but she had not expected the discrimination and hatred to turn violent and even murderous. Last month the Vietnamese community in San Jose was shocked after a 64-year-old woman was robbed in front of Dai Thanh Supermarket during the Lunar New Year holidays. Nguyen says with a sigh: "I cannot do that (go out) on my own because they may kill me. How weak I am and how cold-hearted those people are." Since older people are targeted, no one is comfortable letting their parents or grandparents go out alone though the first …

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/ March 6, 2021

New regulation on minimum trading lot at HOSE aims to keep small investors away

Around $200 billion is now in tumult after a succession of days of network congestion and the news about the required increase in minimum trading lot from 100 to 1,000 shares on the HCM City stock market. Nguyen Giang, owner of The Way Coffee, completed the procedure to open an account at SSI Hanoi Branch after hearing that the HCM CIty Stock Exchange (HOSE) was planning to increase the required minimum trading lot from 100 shares to 1,000 shares. The reason behind the plan, as explained by Le Hai Tra, HOSE’s CEO, was to ease the overload. However, this was not good news for many investors, including Giang. Because of Covid-19, he no longer can work as an outbound tour guide, which he did for 10 years. In 2020, he opened a street coffee shop. However, the third Covid-19 outbreak once again affected his business. Giang then decided to make financial investments as he has confidence in the bright prospects of the stock market. However, the calculations of the investor may fail because of HOSE’s tentative policy. If the tentative policy takes effect, Giang will have to spend VND100 million at least for every purchase transaction of VIC (Vingroup), VJC (Vietjet), VCB (Vietcombank) and VNM (Vinamilk). If buying SAB (Sabeco), he would have to spend VND180 million at least, and ifor VCF (Vinacafe Bien Hoa), he would have to spend VND240 million. These are very large amounts of money compared with Giang’s investment plan. However, Tra said the policy, once applied, would bring benefits. It would not only help ease congestion thanks to the reduction of 40-50 percent in number of transactions, but would also better protect small investors. Nguyen Duy Hung, president of SSI, also commented that this is the best choice for now to maintain the system’s operation. However, many experts and securities companies don’t share the same view. They have warned that the policy isn't in line with stock market development and discriminates against small and …

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