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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Saigon has one of the best nightlife in Southeast Asia: Rough Guides
Respected travel site Rough Guides just released a list of eight best night experiences in Southeast Asia, and Ho Chi Minh City is named THE place to delve into bars and clubs. “When the sun goes down, the bustling energy of southern Vietnam's megalopolis transfers to its many clubs and bars,” Rough Guides says. If you’re thirsty for a chic experience of Saigon’s nightlife, put on your best dress or suit and head to the rooftop Chill Sky Bar in District 1, one of the city’s most popular and fancy spots. It stays open from 5:30 p.m. till small hours the next morning, offering a dusk till dawn-ish view of the city, fabulous cocktails and a small but exciting music scene to check out. The U.K travel site also named Saigon Acoustic Bar in District 3 as a great rendezvous for a night out with pop-rock cover bands, while Carmen Bar in District 1 offers an odd selection of Spanish flamenco played by skilled Vietnamese musicians. For a casual good time, the … [Read more...] about Saigon has one of the best nightlife in Southeast Asia: Rough Guides
Vietnam leads Southeast Asia in IPO market
Vietnam is the busiest IPO market in Southeast Asia at the moment, and the country’s rising economy is paving the way for the process. There have been no signs of caution in the boom of IPOs in Vietnam, Bloomberg said on Wednesday. Vinhomes JSC, a residential unit under Vietnam's biggest developer Vingroup, is planning a $2 billion IPO that would be the largest ever in the country, said Bloomberg. The current IPO record is held by Vincom Retail JSC, Vingroup’s shopping-mall operator, after it raised $708 million last October. But that position is likely to be overtaken by Techcombank with its $922 million offering. Over the past year, Vietnam has taken the lead in Southeast Asia ahead of Singapore, Thailand, Malaysia, Indonesia and the Philippines by raising $6 billion from IPOs, according to Bloomberg data. The country's economy is one of the reasons for this. Vietnam’s economy grew 7.38 percent in the first quarter of this year, the highest rate in a decade, … [Read more...] about Vietnam leads Southeast Asia in IPO market
Southeast Asia’s idyllic islands buckle under tourism strain
The six-month closure of the Philippine tourism island of Boracay for a revamp after the country's president branded it a "cesspool" reflects the growing pressures on beach resorts across Southeast Asia as visitor numbers surge. Tourism experts say the region's infrastructure is buckling under record visitor numbers, especially as more Chinese holiday abroad, and expect more drastic measures to come. Airports have become chaotic, hotels are being thrown up hastily with little regard for safety and sanitation, tropical beaches are strewn with garbage and coral reefs are dying. Thailand already has plans to shut its famous Maya Bay in the Phi Phi islands for four months this summer, while an environmental group is calling for urgent government action to tackle a "crisis" on the Indonesian tourist island of Bali. "Many out-of-control destinations across Asia will need clean-ups," said Brian King, associate dean of the School of Hotel and Tourism Management at Hong Kong Polytechnic … [Read more...] about Southeast Asia’s idyllic islands buckle under tourism strain
EU promotes intellectual property rights in Southeast Asia
The project will include two platforms, IP Key Southeast Asia (IP Key SEA) and ARISE Plus, which are both part of EU policies in the field of intellectual and industrial property, said Luis Berenguer, spokesman for the European Intellectual Property Office (EUIPO). IP Key SEA focuses on the business world, while ARISE Plus concentrates on aspects related to development and cooperation, Berenguer said. The spokesman also stressed the importance of creating a friendly environment for the protection of intellectual and industrial property of European and also regional companies. The main objective is to foster knowledge in the field of industrial property, he said, adding that the EU will work together with ASEAN countries to create tools, technologies and technical support to protect and encourage business innovation and creativity. Berenguer believes that intellectual and industrial property goes together with innovation and economic growth, this is the case in the … [Read more...] about EU promotes intellectual property rights in Southeast Asia