Armed with little more than a smartphone and a dream, inexperienced cryptocurrency investors in Vietnam are hoping to hit it big with Pi – a cryptocurrency that can be mined from a phone. As the crypto-craze in Vietnam continues being fueled by skyrocketing bitcoin prices and overnight millionaires, investors in the country are looking for low-barrier avenues to make their own fortunes on digital currency. Enter Pi, a relatively new digital token that can be mined through the Pi Network app, advertised as “breakthrough tech [that] allows you to mine [Pi] on your phone without draining your battery.” Unlike conventional cryptocurrency mining, which involves the use of significant computer power to verify the legitimacy of transactions in order to earn tokens as a reward, obtaining Pi only requires 'miners' to log into the application and tap a button every few hours. With such a low barrier to entry, Pi mining has pulled in scores of Vietnamese crypto-newbies in recent weeks. … [Read more...] about Nothing to lose: Vietnamese crypto investors rest hopes on unlisted coin
In what year was the personal umbrella policy developed
Global economy: Fragile confidence in early 2021
The survey notes that the global economy contracted by around 4.5 percent in 2020, the biggest fall in global activity in several decades. Having recovered from lockdown-imposed weakness in the first half of the year, many economies again faced weakness as a second wave of COVID infections triggered renewed lockdowns. The survey envisions a steady recovery this year, but continued uncertainty limits the bounce in consumer and busines confidence, with pre-crisis output not being reached until mid-2022. The survey also indicates that the Global orders, employment and capital investment indices recorded a further modest improvement, but still point to activity well below the pre-crisis level in the fourth quarter of 2019. The “fear” indices which means the concern about customers and suppliers going out of business, edged lower in the fourth quarter (Q4) of 2020 but remain elevated, clearly underlining the extreme uncertainty in the global economic outlook at the start of 2021. At the … [Read more...] about Global economy: Fragile confidence in early 2021
Scientific research wholeheartedly promoted nationwide
A survey conducted by Prof. Dr. Nguyen Dinh Duc from Vietnam National University – Hanoi reveals that in 10 years from 2009, the number of Vietnamese articles published in international scientific journals increased fivefold (between 1,764 articles in 2009 to 8,234 in 2018). After the introduction of Resolution No.29 in 2013, which promotes scientific research in different fields, only in 2 years from 2017-2018, leading universities in Vietnam possess around 10,000 research result reports announced internationally. Statistics of Web of Science (WoS) and SCOPUS also display that in 2018, the quantity of annual international announcements related to research result reached nearly 10,000, 70 percent of which belongs to tertiary educational institutes. Vietnam National University – Hanoi and Vietnam National University – Ho Chi Minh City are the two with the most articles. Minister of Education and Training Phung Xuan Nha commented that since 2014, 23 universities in Vietnam have … [Read more...] about Scientific research wholeheartedly promoted nationwide
Hanwha Life Vietnam inks co-operation deal with Pharmacity
According to the MoU, Pharmacity will become a partner in the customer care network of Hanwha Life. Customers of Hanwha Life Vietnam will be able to access the benefits provided from this collaboration as well as experience policy owner services such as premium payments at the system of over 500 drugstores of Pharmacity nationwide via payment service providers like Payoo, Momo, and VNPay. About 450 staff members and 44,000 agents of Hanwha Life will be the recipients of the incentives of Pharmacity. The MoU with Pharmacity also aims to realise Hanwha Life’s mission to build a comprehensive life solution for customers in Vietnam As a life insurance company pioneering co-operating with a leading healthcare partner, Im Dong Jun, CEO cum chairman of the Member Council of Hanwha Life Vietnam, said, “Healthcare is an essential part of our business, considering its nature. Particularly in the context of the pandemic, human health has become a great concern for most people and … [Read more...] about Hanwha Life Vietnam inks co-operation deal with Pharmacity
Bank stocks rising on back of bright prospects
The results of 2020 business and 2021 outlook support the rise of bank stocks Ending the last session of February, the VN-Index stood at 1,168.47 points, corresponding to an increase of 111.86 points (10.59 per cent) compared to the previous month. The HNX-Index increased by 35.01 points (16.3 per cent) to 249.22 points. The UPCoM-Index also increased 4.56 points (6.33 per cent) to 76.64 points. Large-cap stocks recovered well in February as only the NVL ticker of Novaland decreased by 0.7 per cent. Meanwhile, as many as 14 other stocks in this group increased by over 15 per cent. The shares of VPBank (VPB), rose the most among the top 30 by market capitalisation with over 33 per cent. Following that, Thaiholdings (THD) also increased by 26 per cent and was a key factor helping the HNX-Index continue to break out recently. February was also a good month for banking stocks as, besides VPB, the stocks of Vietnam International Commercial Joint Stock Bank (VIB), Asia Bank (ACB), … [Read more...] about Bank stocks rising on back of bright prospects