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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

Van Thanh of Can Tho City said he invested US$2,000 in five accounts in Axie Infinity, a play-to-earn game with a goal of winning smooth love potions (SLP), an in-game currency that can be exchanged for real money. "SLP traded at around 0.02 a token. With five accounts, I could earn 800-1,200 SLP a day, or around $15-25. I expected to break even after two months." But by May the price of SLP had fallen sharply, and a token is now worth around $0.0056, a steep decline from the peak of $0.4 it reached last July. "Now I earn the same amount of SLP, but only make $3-5 a day. I want to quit because what I earn is not worth the effort. "But I will keep the SLPs I have earned and hope prices rise later so that I can sell them and recover my losses." Nguyen Mai of the southern Binh Duong Province spent $1,000 on a play-to-earn game named BombCrypto last December. Its currency, Bcoin, traded at $4 a token, but has dived to around $0.04 now. "I haven’t logged into the game for two … [Read more...] about Vietnamese becoming wary of play-to-earn games

The picture book Chiếc Dép Thất Lạc has been nominated for the Dế Mèn Awards. — Photo baotintuc.vn HÀ NỘI — A bilingual book by foreign authors is among the official nominees for the Dế Mèn Awards, honouring works by or for children. The book, entitled Chiếc Dép Thất Lạc (The Lost Sandal), is a picture book for children by Belgian writer Geralda De Vos and Swedish illustrator Sofia Holt. They are living and working in Việt Nam. The book is a story of a girl named Linh who loses one of her favourite sandals and her adventure to reclaim it. De Vos came to Việt Nam in 2017 and has participated in environmental protection activities such as plastic waste reduction and recycling activities. She has called on people to pick up and return people's lost items. She began picking up lost sandals on the street, which became her inspiration for the book, The Lost Sanda l. Illustrator Holt came to HCM City in 2014. She is now working as a fashion and furniture designer, and an … [Read more...] about Bilingual book nomiated for Dế Mèn Award

The pair of Thai tennis players win a gold in the women's doubles. (Photo: VNA) Bangkok (VNA) - Thailand won 92 gold medals to finish second at SEA Games 31 hosted by Vietnam from May 12-23, while the host topped the overall standings with a record haul of 205 golds. Although Thailand were a distant second in Vietnam, Sports Authority of Thailand (SAT) Governor Gongsak Yodmani said he was pleased with his athletes' efforts. He argued that the Thais did very well in several " international sports " particularly athletics, swimming, tennis, badminton and table tennis. The SAT had projected that the Thai contingent would win 112 gold medals, including 72 in international sports. The SAT will later assess the overall performance to use in preparations for the 32nd SEA Games to be held in Cambodia next year, he said. Meanwhile, the Sports Reporters - Photographers Association of Thailand (SRPT) revealed the successful and failed sports associations at the Games. The … [Read more...] about Imprints of Thai sporting delegation at SEA Games 31

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