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Nguyen Binh, a cryptominer in the southern Dong Nai Province, said his rigs can mine almost one Ethereum (around $2,000) a month, but hardly breaks even. "Electricity bills have taken away half of what I earned. With depreciation and operation and maintenance costs, I am losing money. "If prices of Bitcoin or Ethereum (the two largest cryptocurrencies) cannot recover in the next few months, more miners will have to shut down their machines." Cryptominers sell their mining rigs on Facebook. Photo courtesy of Facebook Minh Nghia, administrator of a mining group, said some miners have disassembled their rigs to resell but are unable to find buyers despite falling prices. He estimated that miners are losing 30-40 percent on selling graphic processing units, a key component in mining. "Some told me they sold all their hardware and tokens but still cannot recoup their losses. "Financially independent miners can keep mining and wait until prices increase, but those … [Read more...] about Cryptominers unplug rigs as bottom falls out of market

Mr. Phan Van Mai speaks at the meeting (PHoto: SGGP) At the first meeting of the Council of Rectors of Universities in the southern metropolis in 2022 at the University of Education yesterday, the council announced the decision to consolidate its personnel and proposed several new activities. The Council of Rectors in universities in HCMC was approved including Chairman of the Ho Chi Minh City People's Committee Phan Van Mai who was voted to be Chairman while Vice Chairman of the municipal People's Committee Duong Anh Duc was voted to be permanent Vice Chairman of the Council. Other vice chairmen of the Council include Director of Ho Chi Minh City Department of Education and Training Nguyen Van Hieu and Secretary of the Party Committee of HCMC Universities and Colleges Nguyen Thi Minh Hong. Members of the Council of Rectors of Universities in Ho Chi Minh City include 51 higher education institutions. The Rector's Council consists of six councils according to pedagogical … [Read more...] about HCMC Chairman Mai voted Chairman of Universities Council of Rectors

Facilities of PetroVietnam Gas JSC (GAS). GAS increased by 4.5 per cent last week. — Photo pvgas.com.vn HÀ NỘI — Although the rally in recent sessions was quite positive, with the temporary cautious state of cash flow, it is likely that the market will need a step back to re-test supply and demand, said brokerages. The VN-Index on the Hồ Chí Minh Stock Exchange declined 0.07 per cent to close the week at 1.240,71 points. The index had risen 4.9 per cent last week. An average of 547.2 million shares were traded on the southern exchange during each session last week, worth VNĐ13.6 trillion (US$587 million). “Markets ended the last session of the week in a state of hesitation below the reference level. After a strong reversal on May 17, selling pressure at the end of the session still took place on the low base,” said VDSC Securities Co. “Movements in industry groups are also diverging. The caution is still covering investors’ sentiment. Therefore, it is likely that the … [Read more...] about Shares to correct further on cautious sentiment of investors

PM Pham Minh Chinh speaks at the meeting with Gia Lai officials on May 22. (Photo: VNA) Gia Lai (VNA) – Prime Minister Pham Minh Chinh had a working session with key officials of Gia Lai on May 22, part of his working trip to this Central Highlands province. Secretary of the provincial Party Committee Ho Van Nien reported on Gia Lai ’s achievements in containing COVID-19, recovering socio-economic development, and performing political tasks. He also submitted several proposals to the Government so as to help boost local development. PM Chinh spoke highly of Gia Lai’s attainments but also pointed out certain shortcomings needing to be addressed, including potential yet to be fully optimised, limited strategic infrastructure, and hardships facing ethnic minorities , especially those in rural areas. Highlighting some focal tasks for the time ahead, he demanded the province work harder to capitalise on its potential, advantages, and resources to obtain a fast and … [Read more...] about Gia Lai province urged to establish itself as driver of Central Highlands

Rice loaded for export. The focus should be placed on building brands for Vietnamese rice and increasing brand recognition to expand export to ASEAN markets. — VNA/VNS Photo Compiled by Mai Linh HÀ NỘI — ASEAN has been a huge potential market for Vietnamese rice, and export firms should have a strategy to expand in the market of nearly 700 million people with similarities in culture and lifestyles, Nguyễn Thị Thu Thủy, deputy director of Export Support Centre under the Việt Nam Trade Promotion Agency has said. Among ASEAN countries, the Philippines is the largest export market for Vietnamese rice, with a volume of 2.45 million tonnes worth US$1.25 billion and an average price of $509.7 per tonne in 2021, a rise of 10.7 per cent, 18.5 per cent and 7.1 per cent against 2020, respectively. Despite being the world’s third-biggest rice exporter after India and China, Indonesia is a potential market for Vietnamese rice. Phạm Thế Cường, trade counselor of Việt Nam in Indonesia, … [Read more...] about Vietnamese rice must increase brand recognition in ASEAN

Eureka Robotics’ CEO and team The company plans to use the new capital raised to expand its operations beyond Singapore, where it is headquartered, and Paris, where it maintains an R&D office. The new office will be established in Hanoi in July. Eureka Robotics has also deployed factories in Singapore, China, and Japan. Touchstone Partners on May 17 announced that it participated in Eureka Robotics’ recently closed a pre-Series A round, which raised $4.25 million from a handful of investors. In this fundraising round, Touchstone joins the lead investor, the University of Tokyo Edge Capital Partners, and existing investor ATEQ. Eureka Robotics was founded in 2018 by Pham Quang Cuong and Pham Tien Hung, Eureka Robotics’ CEO, who is also an associate professor of Engineering at NTU and led the team that developed a robot that could assemble Ikea furniture, an achievement that was widely covered by global media in 2018. Cuong said, “We are extremely gratified by the level … [Read more...] about Eureka Robotics plans to expand operations to Vietnam in July 2022