Bui Huy Kien is ignoring the Vietnamese government's warnings and accepting payment in bitcoin for advertisements on his website. "I don't really trust the dong because of the way the Vietnamese currency is managed," Kien, the founder of lamchame.com, a portal for young parents, said in a July 23 phone interview. "It's not transparent. Gradual distrust in the dong motivates people to use bitcoin." Two virtual currency exchanges that started in Vietnam this year are adding to the woes of a communist government that has seen the dong's 26 percent slide since 2004 burnish the appeal of gold and dollars. The Southeast Asian nation's monetary authority has followed China in banning bitcoin transactions at banks. Pressure on businesses to discourage its use prompted a cafe in Hanoi to stop accepting the digital currency. "Bitcoin is like digital gold," Dominik Weil, a consultant with Ho Chi Minh City-based VBTC Vietnam Ltd., which operates an exchange that trades bitcoin for the local … [Read more...] about Bitcoin turns digital gold as faith in Vietnam dong ebbs
Storage in new york city
U.S. Supreme Court justices appeared skeptical on Tuesday about online TV service Aereo Inc's position in a copyright dispute with major broadcasters, but several raised concerns about how a ruling against the startup could affect cloud computing services. The case is important to the future of television, for media companies and consumers alike, in part because a win for Aereo could spur innovation in the industry by paving the way to new, cheaper ways for consumers to watch shows. It could also threaten the estimated $3 billion in so-called retransmission fees that broadcasters get from cable and satellite TV systems. Some broadcasters such as CBS Corp have even threatened to cut off their free-to-air broadcast signals or create their own low-cost Internet feeds of the channel were Aereo to win. A loss for Aereo, backed by media mogul Barry Diller's IAC/InterActiveCorp, could force it to shut down. Aereo charges users a low monthly fee to stream live broadcasts of TV channels on … [Read more...] about U.S. justices show little support for Aereo TV in copyright fight
One week after Apple started selling the iPhone 5S and 5C in the world market, the price of this handset, especially the "champagne gold" version, has been pushed up as local traders are taking advantages of the rising demand for the latest Apple-made smartphone. Hoang Hoa, a corporate employee based in Phu Nhuan District, Ho Chi Minh City, told Tuoi Tre she wanted to replace the old phone which was damaged when dropping into water. The replacement of her favorite is a "champagne gold" version of the iPhone 5S. But when checking for the retail price at a local store, Bach Long, she was shock when knowing the price for her favorite was quoted at VND33 million ($1,551), some VND10 million higher than the black and white versions of the same handset. Hoa said an employee of the store told her that shortage supply caused the price fever. In fact, from September 20-25, the retail price surged 20 percent to VND24 million for a 16GB black version of the Iphone 5S, and the price for … [Read more...] about Rising demand causes iPhone 5S price in VN skyrocket
Aaron McConnell doesn't mind sharing a kitchen with seven neighbors. He's fine in living quarters with just enough room for a twin bed, a corner desk and little else. Closets? Forget about it - he stores his clothing and other possessions on shelves and hooks. "I like living in a community," he says. "It's kind of fun, very social." It's also affordable for McConnell, 28, who pays $737 a month for his apartment in Seattle as he embarks on a career in civil engineering. Tiny apartments like McConnell's are cropping up in major cities around the country to meet the demand of people who are short on cash but determined to live in areas with otherwise pricey rents. Micros, also known as "hostel-style" apartments, usually offer less than 200 square feet (18.5 square meters) including private bathrooms, and they typically come furnished, sometimes with built-in beds and other amenities to save space. Most feature a group kitchen that may be shared among eight units, although units in … [Read more...] about Big city, tiny apartment: small-scale living is new trend in U.S.
Mekong Delta rice exports up 18 percent The Mekong Delta of Vietnam exported 670,000 tonnes of rice in the first two months of 2013, earning US$304 million in revenue - an 18 percent increase compared to the same period last year. Asia is the largest market, consuming 65 percent of the total volume, followed by America, Africa, Europe and Oceania. The average rice price has increased from VND5,200 to VND5,300 per kilogram in recent times. The Mekong Delta plans to export between 6.5 and 6.8 million tonnes of rice in 2013. Vietnam's agro-fishery exports to Japan in focus A seminar on monitoring the hygiene of Vietnam's agro-fishery exports was held in Tokyo on March 6 by the Vietnamese Ministry of Agriculture and Rural Development (MARD), the Vietnamese Embassy in Japan and the ASEAN-Japan Centre. At the event, Vietnamese Ambassador to Japan Doan Xuan Hung expressed hope that the two countries' Governments and businesses will work closely together to increase … [Read more...] about BUSINESS IN BRIEF 10/3