10 billions

Though the benchmark VN-Index has lost nearly 19 percent this year, the bank said it was confident about the long-term prospects of the market as companies have been "on a roll" in terms of growth and profits in recent years. The average earnings per share of listed companies had grown by 35 percent last year, and while trading had dipped in the last few months, the Vietnamese market had surpassed Singapore and Indonesia to become the second largest in Southeast Asia behind only Thailand. Local retail investors accounted for around 87 percent of trading. Though foreigners had been mostly withdrawing from the market for nearly three years, they "have started to dip their toes into this market again" in the past few weeks. This was because only seven of the 30 biggest stocks on the main bourse, the Ho Chi Minh Stock Exchange, had reached their foreign ownership limit. Overall the VN-Index had a foreign ownership limit of 44 percent, and current foreign holdings were at less … [Read more...] about HSBC optimistic about Vietnam stock market despite plunge

Dong Nai Province makes effort to conserve wild Asian elephants The number of the herd of Asian elephants in Dong Nai Province discovered through the investigation of the elephant conservation project in the province between 2014 to 2020 is 14. Thanks to relentless efforts to conserve staff in the Dong Nai Forest Protection Department, the herd of Asia's elephants is growing well with about 20 ones. The elephants live mainly in the Cat Tien National Park in Tan Phu District, the Dong Nai Nature-Cultural Conservation Area in Vinh Cuu District, and forest land owned by La Nga Forestry Company in Dinh Quan District. As elephants are known to enjoy maize, sorghum, and other crops. They will cause damage when they enter settlement areas, which can occur when they get caught in fencing or during migratory movements. According to data from the Department of Agriculture and Rural Development of Dong Nai Province, from the beginning of 2022 to now, the elephants have appeared 19 times, … [Read more...] about Dong Nai Province makes effort to conserve wild Asian elephants

Hanoi allocates US$11,6 million to training 270 civil servants According to this scheme, beneficiaries are civil servants, leaders, managers at a departmental level and planning titles equivalent to department level, professional civil servants of departments and agencies equivalent to departments, and staff in people's committees in districts and communes. The total cost of implementing the project by 2025 is more than VND272.3 billion taken from the city budget. Particularly for postgraduate training, the estimated funding source is VND61.6 billion, of which postgraduate training in advanced countries is expected to cost VND9.6 billion and domestic graduate training is VND52 billion. Notably, for post-graduate training, the project clearly stated that Hanoi will send civil servants and public employees of departments, agencies, people's committees in districts, and public organizations under the age of 35 to foreign countries. According to the goal, 30 people will be … [Read more...] about Hanoi allocates US$11,6 million to training 270 civil servants

VIR’s talk show on burning cybersecurity issues with NFT games, photo Chi Cuong Hot on the heels of one of the greatest hacks ever in blockchain game history in March, cybersecurity has become one of – if not the – most crucial elements of any project that utilises a blockchain and non-fungible tokens (NFTs). During the hack that targeted Axie Infinity’s Ronin Network, an Ethereum-linked sidechain developed by Sky Mavis, the company creating Axie Infinity, hackers compromised the network and cashed in by around $620 million. Theo Tsihitas, technical writer at comparitech explained, “This was made up of 173,600 in ETH (worth just less than $595 million) and $25.5 million, making it the biggest crypto heist to date. Ronin Network, which supports Axie, said its Ronin and Axie DAO validator nodes had been compromised with the funds being drained in two transactions.” While the aftermath of this hack remains uncertain, the case has shown how important security is in the … [Read more...] about Bolstering cybersecurity along with the rise of NFT games