Advertisements “Many Vietnamese people don’t know anything about blockchain, but are still willing to pour millions of dollars into ICO (initial coin offering) ,” the founder of Vietnam Blockchain Developers Nguyen Sy Thanh Son said recently. Son is Chief Technology Officer (CTO) of Tomo and the founder of the first and biggest Vietnamese community ofContinue reading “VN Blockchain Developers’ founder: Vietnamese crazy about ICO”
Category Archives: Finance
Bitcoin to Get Severely Forked in 2018
Advertisements The fear and build up towards Aug.1,2017, and the creation of Bitcoin Cash which forked off the original chain was monumental. However, it was a damp squib for the future of Bitcoin as it actually spiked in value. Since then, forks on Bitcoin have become almost as common as ICOs, and in fact, forksContinue reading “Bitcoin to Get Severely Forked in 2018”
USD continue to flow into stock market
Advertisements Commercial banks say that people are converting dollar into dong and investing dong in securities. Vietnam’s forex reserves reached a record high of $54.5 billion last week as announced by the State Bank Governor. Just within two weeks, the central bank bought $2.5 billion, adding to the reserve. Commercial banks confirmed that the foreignContinue reading “USD continue to flow into stock market”
Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs
Advertisements Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling “financial products and services frequently associated with misleading or deceptive promotional practices.” That means no advertiser — even those that operate legal, legitimate businesses — will be able to promote thingsContinue reading “Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs”
VN shares drop on energy and banking stocks
Advertisements Vietnamese shares declined on Tuesday morning due to investors’ profit-taking attempts that hit the large-cap stocks in the energy and banking sectors. The benchmark VN Index on the HCM Stock Exchange edged down 1.15 per cent to close at 1.097,18 points. It had edged down 0.69 per cent to close at 1,109.80 points onContinue reading “VN shares drop on energy and banking stocks”
US fines Deutsche Bank, UBS and HSBC over market manipulation
Advertisements US authorities on Monday (Jan 29) announced fines and charges against three major European banks and eight individuals accused of manipulating futures markets for precious metals. Deutsche Bank, UBS and HSBC will together pay a total of US$46.6 million to settle allegations that traders at the banks worked to manipulate futures markets in preciousContinue reading “US fines Deutsche Bank, UBS and HSBC over market manipulation”
Jewelers seek better loans for 2018
Advertisements The Saigon Jewelry Association (SJA) will continue to call on the State Bank of Viet Nam to make it easier for jewelry businesses, who seek to invest in upgrading their production and trading technology, in accessing bank loans, its chairman said. Nguyen Van Dung, SJA chairman, said this at a meeting held in HCMContinue reading “Jewelers seek better loans for 2018”
Blockchain tech may open new era
Advertisements Blockchain, a new technology to help explore the various forms of crypto-currencies, could open up the new attractive environment for all businesses and investors, said Nguyen Duc Cuong, head of consultancy division at Vietstock – a local financial-business media. Cuong made the statement at the first summit in Viet Nam on blockchain technology and digitalContinue reading “Blockchain tech may open new era”
New Crypto Exchange Promises Dividends to Investors
Advertisements Earlier this January, the global cryptocurrency market exceeded $700 bln, reaching an all-time high in the valuation of all cryptocurrencies combined. Market capitalization amplifies an asset’s value by that asset’s overall amount in circulation. The spike occurred as a result of the increase in the value of more than 1,400 cryptocurrencies in use. ConsideringContinue reading “New Crypto Exchange Promises Dividends to Investors”
S Korean group acquires Prudential Finance in Viet Nam
Advertisements Prudential Plc on Tuesday announced that it had reached an agreement to sell 100 per cent of its Prudential Vietnam Finance Company (PVFC) to Shinhan Card Co Ltd, a subsidiary of the Shinhan Financial Group (Shinhan), at a cost of US$151 million. The United Kingdom-based financial services group’s PVFC was launched in 2006 asContinue reading “S Korean group acquires Prudential Finance in Viet Nam”
VND likely to remain on a stable footing in 2018
Advertisements 2018 is slated to be a positive year for the Vietnamese dong, thanks to Vietnam’s stable macroeconomics and strong capital inflows. However, analysts differ on how strong Vietnam’s currency will be at the end of the year. Experts have started to offer their predictions for the Vietnamese dong (VND) in 2018, and most agreeContinue reading “VND likely to remain on a stable footing in 2018”
Vietnam’s main stock exchange to reopen after two-day shutdown
Advertisements It’s the first such incident in almost a decade. Vietnam’s main stock exchange will reopen on Thursday after a two-day closure due to technical issues, the first such incident in almost a decade, the bourse said on Wednesday. The trading system of the Ho Chi Minh Stock Exchange, Vietnam’s benchmark stock market that surgedContinue reading “Vietnam’s main stock exchange to reopen after two-day shutdown”
Ho Chi Minh stock exchange suspends trading again over software glitch
Advertisements As the bourse entered its second day of suspension, its operator has rejected allegations that it was sabotaged or hacked. The Ho Chi Minh Stock Exchange (HoSE) suspended all trading activities for the second consecutive day on Wednesday, citing a software glitch that prevented the exchange from completing its closing procedure on Monday afternoon.Continue reading “Ho Chi Minh stock exchange suspends trading again over software glitch”
Prudential to sell Vietnam consumer finance unit for $151 mln
Advertisements Prudential Plc has agreed to sell its consumer finance business in Vietnam to a unit of South Korea’s Shinhan Financial Group for $151 million, as the UK’s largest insurer seeks to focus on its core insurance arm in the Southeast Asian nation. Prudential Vietnam Finance Co Ltd is the country’s fourth-largest consumer finance companyContinue reading “Prudential to sell Vietnam consumer finance unit for $151 mln”
Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts
Advertisements Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, sees the potential for Bitcoin (BTC) to be around for a long time, but with a significant price drop coming when the Bitcoin bubble bursts, according to CNBC. Boockvar sees a possible 70 to 90 percent price drop for Bitcoin this year, saying:“Over theContinue reading “Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts”