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
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Uber exit threatens Grab monopoly in Southeast Asia
Nguyen Tuan Anh, CEO of Grab Vietnam, claimed that no business in the ride-sharing sector could offer discount programmes forever, which was among reasons customers grew fond of Uber The acquisition between Grab and Uber raised quite a controvesy among riding service users, especially due to the threat of Grab monopolising the fast growing and highly profitable market in Southeast Asia, including Vietnam. Ride-sharing giant Uber conceded defeat to Grab in eight markets in Southeast Asia, including Thailand, Indonesia, Singapore, the Philippines, Malaysia, Vietnam, Myanmar, and Cambodia. Nguyen Cong Hung, chairman of the Hanoi Taxi Association, stressed the high odds of Grab becoming the price-setter as well as having absolute power over the ride-hailing market. Addressing concerns over the acquisition, Nguyen Tuan Anh, CEO of Grab Vietnam, claimed that, "Customers are naturally drawn to discounts and rewards, yet no business in the ride-sharing sector could offer discount … [Read more...] about Uber exit threatens Grab monopoly in Southeast Asia
Con Dao beach among top 10 eco friendly beaches in Southeast Asia
Dat Tham beach on Con Dao island has been listed as one of the top 10 eco-friendly beaches in Southeast Asia by the UK’s The Independent newspaper. Con Dao beach is listed in top 10 eco-friendly beaches in Southeast Asia With the likes of the popular coastal cities of Danang, Nha Trang and Mui Ne now packed with tourists, Dat Tham beach is different, as it’s located in the protected Con Dao National Park, which has allowed it to become one of the few undeveloped stretches of sand left in Vietnam, The Independent wrote. As a part of the national park, Dat Tham Beach is often not accessible to tourists due to the high risk of forest fires. Getting there requires some effort, with visitors clocking-in at the park office before beginning a four-mile hike to the beach. The hike takes you through a dense section of the park and you may catch a glimpse of some of its rare animals, such as giant squirrels and the bow-fingered gecko. Once you reach the shore, you are met … [Read more...] about Con Dao beach among top 10 eco friendly beaches in Southeast Asia
Uber sells Southeast Asia ops to Grab
Uber Technologies Inc. has agreed to sell its Southeast Asian ride-hailing business to Grab, exchanging it for a 27.5 per cent stake in the firm. Grab merges with Uber in Southeast Asia Grab today announced that it has acquired Uber’s Southeast Asian operations. Grab will integrate Uber’s ridesharing and food delivery business in the region into its existing multi-modal transportation and fintech platform. Following the deal, Grab will take over Uber’s operations and assets in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. As part of the acquisition, Uber will take a 27.5 per cent stake in Grab and Uber CEO Dara Khosrowshahi will join Grab’s board. The deal marks a new era of growth for Grab. In terms of food delivery, Grab will rapidly expand its existing GrabFood businesses in Indonesia and Thailand to two more countries—Singapore and Malaysia—following the integration of the Uber Eats … [Read more...] about Uber sells Southeast Asia ops to Grab
Vietnam still tops Southeast Asia in FIFA rankings for March
Park Hang-seo’s players did not play any international matches over the past month. However, the team was forced to drop one step in the FIFA rankings for March as Rwanda moved up two notches to snatch the 112th position previously held by Vietnam. In terms of Southeast Asia, the Philippines followed Vietnam in second place after climbing one spot to 122nd in the world. World no. 129 Thailand remained at third in the region with 238 points, ahead of Myanmar (world no. 142), Indonesia (world no. 162) and Singapore (world no. 171). There was only a slight change in the world’s top ten rankings, as Poland moved up to share sixth position with Spain (1,228 points). Germany held on to the top spot with 1,609 points, followed by Brazil (1,489 points), 2016 Euro champions Portugal (1,360), Argentina, Belgium, Switzerland (1,197), France (1,185) and Chile (1,161). After a few months without any international matches, Vietnam will play guest to Jordan on March 27 in their last Group … [Read more...] about Vietnam still tops Southeast Asia in FIFA rankings for March