The number of Bitcoin investors in Vietnam has doubled in just one year, to 60,000 in 2018 from 30,000 in 2017. Illustrative photo The figure was disclosed by Hubery Yuan, the director of Huobi Academy of Blockchain Application at the Blockchain Festival 2018 in HCM City on May 24. Vietnam is seeing robust development in the finance sector and electronic currencies like Bitcoin is enjoying great opportunities here, Hubery Yuan said. "Electronic money will gradually replace traditional financial market in many sectors,” he claimed. A report from Huobi Pro showed that there are currently over 74,000 registered users in Vietnam and the number of transactions was among top three in Southeast Asian countries. "Although there are about 12 transaction floors in Vietnam, legal transactions are not stable due to the country's tight policies," the report said, adding that the framework for monitoring electronic money is now only being built. Blockchain Festival 2018 is … [Read more...] about Vietnam among Southeast Asia’s top 3 in Bitcoin transactions
Southeast asia vietnam
Vietnam’s premier to visit White House as US losing hearts and minds in Southeast Asia
Association of Southeast Asian Nations (ASEAN) leaders link arms during the opening ceremony of the 30th ASEAN Summit in Manila, Philippines April 29, 2017. L-R: Malaysian Prime Minister Najib Razak, Myanmar State Counsellor Aung San Suu Kyi, Thai Prime Minister Prayuth Chan-ocha, Vietnamese Prime Minister Nguyen Xuan Phuc and Philippine President Rodrigo Duterte. Photo by Reuters ‘Key tenets of their strategy for dealing with China, the TPP, or continued U.S. engagement, are now really in doubt.’ Vietnamese Prime Minister Nguyen Xuan Phuc will begin his three-day visit to the U.S. next week at a time when Southeast Asia nations are increasingly losing confidence in the Trump administration’s commitment to the region. Phuc’s visit, at the invitation of President Donald Trump, will begin on May 29, Vietnam’s Ministry of Foreign Affairs said in a statement late Tuesday. But Trump won’t host Phuc at the White House until May 31, when the two … [Read more...] about Vietnam’s premier to visit White House as US losing hearts and minds in Southeast Asia
Bản in : Southeast Asia looks towards sustainable agriculture
Vietnam and most of other countries in Southeast Asia are encountering challenges in ensuring equal and sustainable agricultural production, heard a workshop in Ho Chi Minh City on September 23. Speakers said ASEAN countries are opening their market and pushing ahead with agriculture production to cope with challenges posed by global integration and climate change. This means they have to build a value chain linking farmers, processors and the market, under which every one shares profits and risks, especially for small-scale households in remote areas, they said. In the case of Vietnam, the current biggest obstacle does not lie in production but rather the capacity to access the markets. Minister of Agriculture and Rural Development Cao Duc Phat said over the past five years, Vietnam has attracted over 40 domestic and foreign organisations to develop the value chain of key farm produce such as coffee, tea, maize, vegetable, spices and seafood. The country has encouraged many … [Read more...] about Bản in : Southeast Asia looks towards sustainable agriculture
Vietnam set to become a MICE ‘tiger’ of Southeast Asia DTiNews
A new tourism product is emerging in Vietnam, combining luxury MICE business trips with personal time spent travelling in style. The MICE (meetings, incentives, conferences and events) and luxury travel business are two sectors of tourism that are becoming increasingly important and are beginning to operate in tandem. With the opinion widely held amongst experts that the MICE ‘tigers’ of Southeast Asia, Singapore and Malaysia, are nearing maximum capacity in terms of venues, Vietnam is seen as the fastest growing MICE destination-with the potential to become a serious competitor in the near future. In 2016, Hanoi, Danang, Nha Trang and Ho Chi Minh City added many more 4 and 5 star international hotels, many of them targeting the MICE market such as the Marriott in Hanoi, Melia Danang, and Intercontinental Nha Trang. This has positively impacted tourism recovery in Vietnam, with local and foreign travel agencies receiving significantly more MICE requests, especially from … [Read more...] about Vietnam set to become a MICE ‘tiger’ of Southeast Asia DTiNews
Vietnam to become Silicon Valley of Southeast Asia – Science & Tech
The article, entitled “Vietnam’s Tech Boom: A Look Inside Southeast Asia’s Silicon Valley,” said Vietnam had barely any IT companies 15 years ago, but now there are close to 14,000 IT businesses spanning hardware, software and digital content. The Vietnamese Government sees the tech sector as the linchpin of the country’s economic growth, it said, adding that the country has invested heavily in infrastructure and passed economic policies encouraging both domestic and international entrepreneurs to do business in Vietnam. Da Nang is the fourth biggest city in Vietnam, a tourist location known more for its beach resorts and fire-breathing Dragon Bridge than its hi-tech sector. However, after heavy government investments in building a new airport and a highway system, the city’s infrastructure is suited for large-scale economic growth, the article said. It cited that in 2012, the International Business Machines Corporation (IBM) opened its … [Read more...] about Vietnam to become Silicon Valley of Southeast Asia – Science & Tech