Metro Line 1: Connecting Ho Chi Minh City’s Iconic Cultural and Historical Landmarks

Advertisements

Officially launching on December 22, Metro Line 1 offers residents and visitors a convenient, eco-friendly way to explore the city’s rich heritage and vibrant attractions. Spanning 19.7 kilometers with 14 stations, the Ben Thanh – Suoi Tien route seamlessly links the city’s central and eastern areas, providing easy access to its most celebrated sites.

The journey begins at Ben Thanh Station, located in the city center, serving as the gateway to landmarks such as Ben Thanh Market, the Opera House, the City Hall, Nguyen Hue Walking Street, and the Fine Arts Museum. From Ba Son Station, visitors can reach the Ton Duc Thang Museum, an institution honoring the life and contributions of President Ton Duc Thang to Vietnam’s independence and global peace efforts.

Thao Dien Station opens the door to exploring the modern and cosmopolitan Thao Dien area, home to the Quang Sang Museum, a private collection showcasing unique historical and artistic artifacts. For those interested in the region’s cultural heritage, this museum is a must-visit.

Further along, Long Binh Station provides access to the Ben Noc Memorial Temple, located in Long Binh Ward. Built in 2009 by the Thu Duc City government, this site pays homage to President Ho Chi Minh, revolutionary heroes, and martyrs who dedicated their lives to Vietnam’s liberation and unification.

Crowds of locals and tourists lined up to experience the Metro Line 1

Near Suoi Tien Station, visitors can explore the Hung Kings Memorial and the Temple of Nguyen Huu Canh, both located within the Ethnic Cultural and Historical Park. These significant landmarks celebrate Vietnam’s storied past and are essential stops for anyone seeking to understand the history of southern Vietnam. Nearby, the Buu Long Pagoda, recognized by National Geographic as one of the world’s most beautifully designed Buddhist structures, awaits discovery.

The launch of the Ben Thanh – Suoi Tien Metro Line is expected to boost Ho Chi Minh City’s tourism industry while encouraging greater adoption of public transportation, marking a transformative step for the city’s future.

Western Tourist’s Culinary Journey in Hanoi

Advertisements

Upon arriving in Hanoi, Western content creator Logan Moffitt made his first stop at a local restaurant to savor a steaming bowl of rare beef pho topped with fragrant green onions.

Interestingly, this dish also marked his final meal before bidding farewell to the Vietnamese capital.

A Taste for Adventure

For many foreign visitors, Hanoi is not just a destination but a culinary adventure. Its vibrant food culture offers both traditional flavors and dishes considered “unusual” or “daring” by some. Logan, an American YouTuber with over 1.08 million followers, is no stranger to culinary exploration. Known as the “cucumber guy” for his viral cucumber salad recipes, Logan’s passion for food extends beyond his kitchen and into the streets of cities he visits.

In his first-ever trip to Vietnam, Logan documented his culinary experiences in Hanoi, showcasing a deep appreciation for the city’s food scene.

The Love for Pho

On his first evening in Hanoi, Logan visited a pho restaurant on Xuan Dieu Street, Tay Ho District. He ordered a bowl of rare beef pho and was immediately captivated by its aromatic broth, tender beef, and generous topping of green onions and crisp bean sprouts.

“What I look forward to the most when arriving in Vietnam is enjoying a hot bowl of pho,” Logan shared in his video.

During his five-day trip, Logan visited another well-known pho restaurant on Hang Vai Street, recommended through glowing Google reviews. He described the dish as his favorite in Hanoi, praising the broth’s richness and the fresh green onions.

Before departing Vietnam, Logan made sure to return to the first restaurant he visited, savoring one final bowl of pho. “I had to come back for one last bowl before flying home,” he said.

Discovering Bun Cha and Street Food Wonders

While pho stole the spotlight, bun cha quickly became another favorite. Logan was astounded by the dish’s harmonious blend of smoky grilled pork, tangy dipping sauce, and fresh herbs.

“I can’t believe I’ve never tried this before. I feel like I’ve missed out all these years,” he exclaimed after his first bite.

Logan enjoyed bun cha multiple times throughout his stay, often stopping at random eateries or taking portions to-go. Other street food delights such as banh cuon, pho cuon, and banh mi also found their way onto his must-try list, each leaving a memorable impression.

Coffee Culture: 4-5 Cups a Day

No trip to Hanoi is complete without diving into its renowned coffee culture. Logan became enamored with Vietnamese coffee, sampling different styles multiple times a day—egg coffee, iced milk coffee, coconut coffee, and silver coffee, among others.

The YouTuber expressed his amazement at the variety and richness of Hanoi’s coffee offerings, claiming it was unlike anything he’d tasted before.

A Memorable Culinary Journey

Logan’s culinary adventure in Hanoi wasn’t just about food—it was an exploration of culture, tradition, and the warmth of local hospitality. From iconic bowls of pho to endless cups of coffee, his journey reflects the deep culinary charm that Hanoi offers every visitor.

As Logan shared with his audience, “Hanoi is not just a city; it’s a sensory experience. Every dish tells a story, and every cup of coffee feels like a moment worth savoring.”

Ho Chi Minh City Sparkles with Christmas Cheer in 2024

Advertisements

Ho Chi Minh City is alive with the festive spirit, as dazzling lights and vibrant decorations illuminate every corner, welcoming the joy and warmth of Christmas. From bustling streets to lively entertainment hubs, the city has transformed into a colorful wonderland, offering locals and visitors unforgettable holiday experiences.

Notre Dame Cathedral (District 1) shimmering with lights at night attracts the attention of many locals and tourists. Photo: Le Lam Nhat Tan

Major streets like Lê Lợi, Nguyễn Huệ, and Đồng Khởi, along with the downtown area of District 1, are adorned with twinkling lights, towering Christmas trees, and festive displays featuring Santa Claus, falling snow, and reindeer. Beyond the city’s central streets, smaller alleys, cafes, and shops are equally adorned with glowing decorations, fresh flowers, and creative holiday designs, spreading a festive ambiance throughout.

In addition to its stunning decor, Ho Chi Minh City hosts a variety of Christmas-themed events and activities. Major shopping malls have organized concerts, performances, and exclusive holiday promotions, creating opportunities for everyone to join in the celebrations.

Churches such as Notre-Dame Cathedral Basilica and Tân Định Church in District 1 are drawing crowds for Christmas Mass, as families and friends gather to pray for peace and happiness in the coming year. Whether local or international, visitors find the city to be a perfect destination to soak up the holiday atmosphere.

This Christmas, Ho Chi Minh City is not only a dynamic and modern metropolis but also a city of love and community connection. Every street and corner exudes the warmth of the holiday season, making it a perfect time to share joy, exchange heartfelt wishes, and celebrate the spirit of togetherness.

5 Vietnamese Cities Attracting International Visitors During the 2025 New Year’s Holiday

Advertisements

According to data from Agoda, during the 2025 New Year’s holiday, cities in Vietnam such as Ho Chi Minh City, Phu Quoc, Da Nang, Hanoi, and Nha Trang are the top destinations attracting international tourists.

Foreign tourists in Ho Chi Minh City. Photo: Dat Thanh

During the 2025 New Year’s holiday, the search for accommodations in Vietnam by international tourists increased by 30% compared to the previous year. The countries with the highest number of visitors to Vietnam during this period include South Korea, Japan, Thailand, Taiwan (China), and the United States.

Among the top 5 popular destinations, Ho Chi Minh City continues to hold the top position as the most “sought-after” destination. Phu Quoc climbed to second place, rising three spots from last year.

Da Nang, Hanoi, and Nha Trang remain familiar destinations for international visitors. Notably, Nha Trang has returned to the top 5, surpassing Phan Thiet, and has become a popular choice for those seeking a relaxing beach holiday.

Meanwhile, for the domestic tourism market, Ho Chi Minh City remains in the lead, followed by Da Lat, Vung Tau, Hanoi, and the coastal city of Nha Trang.

During the same New Year’s holiday period, the international destinations most searched for by Vietnamese tourists include Bangkok (Thailand), Taipei (Taiwan, China), Tokyo (Japan), Singapore, and Hong Kong (China), reflecting the preference of Vietnamese travelers for vibrant and modern cities in the region.

@SGtiepthi

Inauguration of 17 Bus Routes Connecting Ben Thanh – Suoi Tien Metro

Advertisements

On the morning of December 20, the Ho Chi Minh City Public Transport Management Center held an inauguration ceremony for 17 subsidized electric bus routes, which will officially begin operations on December 22 to connect with the Ben Thanh – Suoi Tien Metro Line 1.

The bus fleet of 17 routes connecting to metro line 1 in Ho Chi Minh City includes 150 electric buses, with fares ranging from VND5,000 – 6,000 per trip. Photo: VNA

The fleet serving these 17 routes consists of 150 electric buses with capacities of 30 and 60 seats. These buses are equipped with cameras, free Wi-Fi, automatic stop announcements, and cashless payment systems. Passengers using these routes will enjoy free rides for 30 days, aligned with the launch of Metro Line 1.

The buses on these routes are painted in distinctive colors for easy identification by residents. The routes operate daily from 5:00 AM to 10:00 PM, matching the schedule of Metro Line 1, with intervals between trips ranging from 8 to 20 minutes. Ticket prices are set at VND 5,000–6,000 per trip for regular passengers and VND 3,000 for students. A 30-trip pass costs VND 112,500, while senior citizens, people with disabilities, and children are entitled to free rides under city policies.

Currently, parking lots for personal vehicles have been arranged by the Public Transport Management Center at Van Thanh, Thao Dien, Rach Chiec, Phuoc Long, and Binh Thai stations, covering a total area of ​​5,077 square meters and accommodating over 2,000 two-wheelers. The center has also invested in 23 new bus shelters near stations along the Hanoi Highway – Vo Nguyen Giap corridor and 230 additional bus stops for the newly launched routes.

@Thesaigontimes

Hoi An Ranks Among Asia’s Best Travel Destinations

Advertisements

Hoi An (Quang Nam) has secured the 4th position in the list of the 22 best travel destinations in Asia, as voted by the famous travel site Lonely Planet.

Tourists take photos in front of the Japanese Covered Bridge after the restoration was completed in late July. Photo: Pham Toan.

Recently, Lonely Planet unveiled its selection of the 22 top travel destinations in Asia, with Hoi An earning a spot at 4th place.

The travel publication describes Hoi An as a “magical city” and a recognized World Heritage Site. Despite the increasing number of tourists visiting its ancient town in recent years, its landscape has been impressively well-preserved.

The city’s charm lies in its traditional cultural beauty, serene ambiance, and iconic lanterns that exude a sense of peace. Besides strolling through alleys illuminated by lanterns, visitors to Hoi An can enjoy a variety of activities such as sipping coffee, shopping, and witnessing breathtaking sunsets.

Notably, Hoi An is famous for its tailor-made clothing stores, attracting numerous international tourists. With more than 300 tailoring shops, the city is even referred to as the “tailoring capital of the world”.

Tourists check in at the old town and the typical yellow alleys of Hoi An in August. Photo: Pham Thang.

Moreover, visitors can explore the countryside by cycling through lush green rice paddies, visiting markets and handicraft workshops. Hoi An’s beaches are equally appealing for those looking for a relaxing day, sunbathing by the sea.

The list of Asia’s top destinations is led by Luang Prabang (Laos), followed by Bangkok (Thailand) in second place, and Angkor (Cambodia) in third place. These destinations are praised for their stunning landscapes, landmarks, and rich culinary cultures.

Full List of Lonely Planet’s 22 Best Travel Destinations in Asia:

  1. Luang Prabang, Laos
  2. Bangkok, Thailand
  3. Angkor, Cambodia
  4. Hoi An, Vietnam
  5. Hunza Valley, Pakistan
  6. Jaipur, India
  7. Pokhara, Nepal
  8. Ella, Sri Lanka
  9. Singapore
  10. Kerala, India
  11. Petra, Jordan
  12. Maldives
  13. Penang, Malaysia
  14. Paro, Bhutan
  15. Setouchi, Japan
  16. Seoul, South Korea
  17. Siargao, Philippines
  18. Bali, Indonesia
  19. Samarkand, Uzbekistan
  20. Yunnan, China
  21. Tokyo, Japan
  22. Hong Kong

@Znews

Thua Thien Hue to Have a Nearly 450-Hectare Golf Resort

Advertisements

The People’s Committee of Thua Thien Hue Province has recently approved the planning for the Ngu Ho Ecotourism Area, which will cover a total area of ​​nearly 450 hectares. This includes a designated section for a golf course with 27 holes.

A corner of Hue city. Photo: T. Dao

The Provincial People’s Committee has approved the zoning plan for the Ngu Ho Ecotourism Area, located in the communes of Phong Chuong and Phong Binh, Phong Dien District. The project spans 445 hectares and is adjacent to the white sand strip along Tram Nai Lake, Bau Bang, and two provincial roads, 4 and 6.

The planned area is divided into three sub-zones. Zone A will feature three golf courses with 27 holes stretching along the lakes, a clubhouse, and a green belt along Provincial Road 6.

Zone B will develop a resort hotel up to 10 stories high with a swimming pool, entertainment areas, low-rise villas, and several amenities including four parks and a cactus museum.

Zone C, located in the southwest and bordering Tram Nai Lake, is planned for tourism experiences, agricultural farms, museums, and wellness services.

In addition to these zones, the planning area will also include forest protection zones, water areas, green parks, centralized parking lots, and infrastructure facilities.

Upon completion, the area will become an ecotourism and experiential destination, featuring a golf course, resort tourism with restaurants, accommodation, and wellness services utilizing local medicinal plants and peat bogs. The project is expected to accommodate approximately 30,000 tourists, residents, and service staff.

@SGtiepthi

Vietjet Plans to Wet Lease Two Comac Aircraft for Con Dao Routes

Advertisements

The Vietnamese airline has signed an agreement to wet lease two Comac ARJ21 (C909) aircraft from Chengdu Airlines.

Chengdu Airlines’ Comac ARJ21 (C909) aircraft. Photo: Chengdu Airlines.

In a recent statement to the Ministry of Transport (MOT) and the Civil Aviation Authority of Vietnam (CAAV), Vietjet Air announced its agreement to lease two Comac ARJ21 (C909) aircraft from Chengdu Airlines. The leasing period is expected to commence on January 15, 2025, to cater to the peak travel season during the Lunar New Year, specifically for routes between Hanoi/Ho Chi Minh City and Con Dao.

This decision aligns with Vietjet’s long-term strategy to expand its fleet to meet growing demand on the Con Dao route and other domestic airports, as well as to explore opportunities in regional markets, including China.

Vietjet has committed to complying with all legal requirements and aims to complete the wet lease process with Chengdu Airlines as soon as possible. The airline will regularly update the MOT and CAAV on progress, as well as any challenges encountered during the implementation.

Vietjet has also requested regulatory support for approval of the wet lease agreement, which includes the aircraft, crew, maintenance, and insurance (ACMI). The airline has sought assistance with the issuance of a Memorandum of Understanding (MOU), Foreign Air Operator Certificate (FAOC), and Restricted Certificate of Airworthiness (RCOA).

Additionally, Vietjet has requested coordination with the Airports Corporation of Vietnam (ACV) to ensure airport and ground services are provided to facilitate the smooth operation of ARJ21 aircraft. The airline also highlighted the need to expand certification approval for the Type Certificate (TC) of the ARJ21 as part of its long-term fleet development plans.

Speaking with Tri Thuc – Znews, a representative of CAAV confirmed they have received Vietjet’s proposal and are currently processing it. Vietjet declined to comment on the matter.

Earlier, in November, Vietjet was unable to lease Embraer aircraft for the Con Dao route. The airline cited non-compliance by the lessor of the Embraer E190 aircraft with contractual terms, resulting in delays that improved delivery schedules and operational plans.

The Comac ARJ21 regional jet is China’s first domestically manufactured commercial aircraft, which entered service in 2016. Recently rebranded as C909, this aircraft model currently has 124 units in operation, mostly within Chinese airlines. The only foreign operator of the ARJ21 is TransNusa (Indonesia), which received its aircraft in 2022. Chinese airlines has used the ARJ21 extensively on domestic routes, serving over 13 million passengers to date, according to Comac.

@Znews

Ben Thanh – Suoi Tien Metro Line 1 Officially Operational from 10 AM, December 22

Advertisements

Starting at 10 AM on December 22, all 14 stations of the Ben Thanh – Suoi Tien Metro Line 1 will open simultaneously to welcome passengers.

This information was shared by Ms. Vu Minh Huyen, Deputy Head of the Ho Chi Minh City Management Authority for Urban Railways (MAUR), during a press conference on the city’s socio-economic situation on the afternoon of December 19.

According to Ms. Huyen, Metro Line 1 is a central axis route running from Thu Duc City through Binh Thanh District into District 1’s center. Once operational, it is expected to alleviate traffic congestion and ease the load on overlapping bus routes.

The line spans 19.7 kilometers, featuring 14 stations: Ben Thanh, Opera House, Ba Son, Van Thanh Park, Tan Cang, Thao Dien, An Phu, Rach Chiec, Phuoc Long, Binh Thai, Thu Duc, High-Tech Park, National University, and Suoi Tien Bus Station.

During the first six months, the metro will operate from 5 AM to 10 PM, with trains running at intervals of 8 to 12 minutes. On the first day, the metro will begin operations at 10 AM.

After the initial phase, operating hours will be extended to 11:30 PM daily, with train intervals of 5 minutes during peak hours, 10 minutes during regular hours, and 15 minutes during off-peak hours.

Ticket Pricing:

  • Cash tickets: Fares range from 7,000 VND to 20,000 VND per trip, depending on the distance traveled.
  • Non-cash tickets: Fares are slightly lower, ranging from 6,000 VND to 19,000 VND per trip.
  • Day passes: 40,000 VND for unlimited trips within the day.
  • Three-day passes: 90,000 VND for unlimited trips over three days.
  • Monthly passes: Regular passengers pay 300,000 VND, while students pay 150,000 VND for unlimited rides within the month.

Certain groups, including children under 6, war veterans, seniors over 60, and persons with disabilities, will be exempt from fares.

For the first 30 days of commercial operation, all passengers will be offered free rides on Metro Line 1.

To enhance connectivity, the city’s Public Transport Management Center has implemented 17 bus routes to link with Metro Line 1 stations. Passengers on these connecting buses will also enjoy free fares during the metro’s first 30 days of operation.

For those using personal vehicles, nearby parking facilities at locations such as Van Thanh Park, Thao Dien, Rach Chiec, Phuoc Long, Binh Thai, and Suoi Tien Bus Station will be available to serve commuters.

Pedestrian overpasses have been constructed at key stations including Tan Cang, Thao Dien, An Phu, Rach Chiec, Phuoc Long, Binh Thai, Thu Duc, High-Tech Park, and National University, ensuring safe and convenient access to amenities along Vo Nguyen Giap Road and Hanoi Highway.

@Znews

Vietnam to Rank Among Top 15 Largest Economies in Asia by 2025

Advertisements

With an expected GDP of $506 billion in 2025, Seasia Stats forecasts that Vietnam will secure a spot among Asia’s top 15 largest economies, driven mainly by booming manufacturing and foreign direct investment (FDI).

Seasia Stats predicts that Vietnam will be among the top 15 largest economies in Asia by 2025. Photo: T.L.

Based on data from the International Monetary Fund (IMF), Seasia Stats predicts that Vietnam’s economy will reach $506 billion in 2025, earning it a place in the top 15 largest economies in Asia.

“Vietnam is rapidly developing thanks to its manufacturing boom and strong foreign investment inflows,” Seasia Stats noted.

By the end of 2024, Vietnam is projected to achieve a GDP growth rate exceeding 7%, ranking among the fastest-growing economies in the region and the world. Looking ahead to 2025, the government has set an ambitious target of 8% GDP growth, surpassing the 6.5%-7% target previously approved by the National Assembly.

According to Seasia Stats’ rankings, the United States continues to lead the world—a position it has held for over 100 years—with a projected GDP of $30.3 trillion in 2025.

Trailing behind is China, with an anticipated GDP of $19.5 trillion, marking its 15th consecutive year as the world’s second-largest economy. Together, the U.S. and China accounts for approximately 40% of global GDP.

China remains Asia’s largest economy, followed by Japan and India, with GDPs of $4.4 trillion and $4.3 trillion, respectively, significantly behind China.

The fourth spot in Asia goes to South Korea, with an estimated GDP of $1.9 trillion, while Indonesia ranks fifth at $1.5 trillion. Notably, Indonesia is the largest economy in Southeast Asia, bolstered by its abundant natural resources and rapidly growing middle class.

@Znews

Vietnam Among Top Global Domestic Air Routes

Advertisements

OAG, a leading travel and aviation analytics company, has released its annual list of the world’s 10 busiest domestic and international air routes for 2024.

Among the rankings, the Hanoi-Ho Chi Minh City route stands fourth on the list of the world’s busiest domestic air routes, with over 10.6 million seats. The route maintains its fourth-place position since last year, although seat capacity has decreased by 2% compared to 2023.

Vietnam has had the 4th busiest domestic flight route in the world for many years.

Asia continues to dominate the domestic aviation market, with all 10 busiest routes located in the region. According to Aviation magazine, these critical routes span across South Korea, Japan, Vietnam, India, and China, highlighting the continent’s robust aviation infrastructure.

This year, the Jeju-Seoul route (South Korea) retains its status as the world’s busiest domestic air route, with 14.2 million seats, equivalent to approximately 39,000 seats daily. Its capacity increased by 3% compared to 2023 but remains 19% lower than its 2019 passenger levels.

The Chitose-Tokyo Haneda route (Japan) ranked second with 11.9 million seats, maintaining similar capacity to last year. The Fukuoka-Tokyo Haneda route (also in Japan) followed closely in third place, offering 11.3 million seats.

Vietnam and Australia made significant contributions to the global top five domestic routes. The Hanoi-Ho Chi Minh City route ranked fourth with 10.6 million seats, while the Melbourne-Sydney route (Australia) secured fifth place with 9.2 million seats. Notably, the top five routes have remained in the same order since 2023.

Other routes in the top 10 include Jeddah-Riyadh (Saudi Arabia), Tokyo Haneda-Okinawa (Japan), Mumbai-Delhi (India), Beijing-Shanghai, and Guangzhou-Shanghai (China).

For international air routes, the Hong Kong-Taiwan route reclaimed its pre-pandemic popularity, topping the list with over 6.7 million passengers. This route also ranked first in 2019 and third last year. Following it are the Cairo-Jeddah route in second place, Seoul Incheon-Tokyo Narita in third, Kuala Lumpur-Singapore Changi in fourth, and Seoul Incheon-Osaka Kansai in fifth.

@Thanhnien.vn

Euro Hits Two-Year Low Against the Dollar

Advertisements

The Fed’s announcement on December 18 of a 0.25 percentage point rate cut—accompanied by plans to lower rates by only 0.5 percentage points next year instead of the anticipated 1 percentage point—caused turmoil in global markets. The U.S. dollar surged, pushing the Dollar Index above the key 108 resistance level, reaching its highest point since November 2022. Meanwhile, the 10-year U.S. Treasury yield rose by 11 basis points to a six-and-a-half-month high of 4.51%.

In contrast, the European Central Bank (ECB) is expected to maintain a more accommodative monetary policy, projecting at least a 1 percentage point rate cut in 2025 to address the economic challenges facing the Eurozone. Analysts speculate that the ECB may accelerate rate cuts due to economic headwinds, including China’s slowing economy, political instability, and the potential economic impact of Donald Trump’s second presidential term.

Last week, the ECB implemented its fourth 0.25 percentage point rate cut of the year. While ECB President Christine Lagarde affirmed the bank’s commitment to tightening monetary policy, she acknowledged the possibility of further rate reductions if economic data aligns with expectations. Lagarde also warned that Trump’s protectionist trade policies could negatively affect Eurozone growth.

The Fed’s actions have also impacted other currencies, with non-USD currencies like the Canadian dollar (CAD), Australian dollar (AUD), and New Zealand dollar (NZD) dropping to multi-year lows. The CAD, for instance, fell to its weakest level since March 2020, as Trump’s announcement of a 25% tariff on Canadian imports added pressure.

The euro’s decline underscores the shifting dynamics in global monetary policy and the challenges facing central banks in navigating uncertain economic and political landscapes.

Dogecoin’s 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood

Advertisements

“We believe the root cause of the morning’s crash to be the market’s overly bullish positioning,” QCP traders said in a Friday note.

Losses in bitcoin (BTC) and other crypto majors extended to their third straight day, as risk-off behavior after this week’s FOMC meeting and general profit-taking contributed to heavy market sentiment.

BTC dropped 4.2% in the past 24 hours, with Solana’s SOL, ether (ETH) and Cardano’s ADA falling as much as 9%. Dogecoin slid the most with an 11% drop, extending weekly losses to over 21%.

The broad-based CoinDesk 20 (CD20), an index of the largest tokens by market cap, fell 5.5%. That spread over to futures markets, with over $890 million in long and short liquidations in the past 24 hours.

Reaction to a hawkish FOMC triggered a sharp selloff across all risk assets on Wednesday and Thursday. Nasdaq plummeted 3.5%, S&P 500 dropped 2.9% and BTC declined more than 6% since the meeting, where Fed chair Jerome Powell hinted at only a few rate cuts in 2025.

Powell then said at a post-FOMC press conference that the central bank wasn’t allowed to own bitcoin under current regulations — in response to a question about President-elect Donald Trump’s strategic reserve promises.

Traders at Singapore-based QCP Capital attributed the market crash to overly bullish sentiment in the past month.

“While it is easy to blame the selloff on the Fed’s hawkish cut, we believe the root cause of the morning’s crash to be market’s overly bullish positioning,” QCP said in a Telegram broadcast.

“Since the election, risk assets have enjoyed an impressive one-sided run, leaving the market extremely vulnerable to any shocks. While the Fed’s 25bps cut was expected, the source of panic can be attributed to the dot plot, which was revised lower. Due to persistent inflation, the Fed now projects two rate cuts for 2025 compared to the market’s consensus of 3 rate cuts,” QCP added.

A drop in bitcoin comes amid an otherwise bullish period for the asset.

December tends to be historically bullish for bitcoin in a move colloquially termed the “Santa Claus Rally.” Data from the past eight years shows that bitcoin ended December in the green six times since 2015, running at least 8% to as much as 46% (in the outlier year of 2020).

Seasonality is the tendency of assets to experience regular and predictable changes that recur every calendar year. While it may look random, possible reasons range from profit-taking around tax season in April and May, which causes drawdowns, to the generally bullish November and December, a sign of increased demand ahead of holiday season.

Prudential bế giảng khóa “Nâng cao năng lực quản trị doanh nghiệp”, hoàn thiện hình mẫu nhà lãnh đạo đa năng

Advertisements

Sau 5 tháng triển khai chương trình đào tạo “Nâng cao kỹ năng quản trị doanh nghiệp” hợp tác với Viện Quản trị & Công nghệ FSB – trực thuộc Đại học FPT, 16 Giám đốc Văn phòng Tổng Đại lý (GAD) của Prudential đã hoàn thành chương trình và tham dự Lễ tốt nghiệp tại trường Đại học FPT Hà Nội trong những ngày đầu tháng 12 vừa qua.

Nhìn lại hành trình “mài ngọc – luyện vàng” của các Giám đốc Văn phòng Tổng đại lý Prudential

Trong bối cảnh thị trường bảo hiểm nhân thọ trải qua nhiều biến động và Luật Kinh doanh Bảo hiểm mới chính thức có hiệu lực, Prudential Việt Nam đã nắm bắt cơ hội từ “thời điểm vàng” này để thúc đẩy những cải tiến quan trọng, nhằm nâng cao chất lượng kênh phân phối và đáp ứng tốt hơn kỳ vọng ngày càng cao của khách hàng.

Chị Hoàng Thị Nga – Giám đốc Văn phòng Tổng Đại lý Prudential Quận 7 – HCM chia sẻ: “Trong giai đoạn thị trường xuất hiện nhiều biến động, tôi vô cùng phấn khởi khi Prudential nhanh chóng triển khai khóa đào tạo thực tiễn này. Trải qua khoảng thời gian đèn sách, tôi được củng cố về mặt chuyên môn và được trau dồi kỹ năng để hệ thống hóa chuyên sâu những kinh nghiệm đã tích lũy, từ đó mang lại định hướng áp dụng bài bản trong thực tế. Quan trọng nhất, tôi tự tin hơn khi quản lý doanh nghiệp hiệu quả hơn và tiếp tục xây dựng lòng tin vững chắc với khách hàng.”

Chị Hoàng Thi Nga (đứng giữa) tham dự tại khóa tốt nghiệp

Chia sẻ chung niềm hào hứng khi tham gia khóa đào tạo, anh Mai Hồng Việt – Giám đốc Văn phòng Tổng Đại lý Prudential Bãi cháy, Quảng Ninh, nhấn mạnh: “Khóa học được đầu tư chỉn chu và chuyên nghiệp với nội dung được nghiên cứu thực tiễn, đây là cơ hội tốt để các giám đốc văn phòng tổng đại lý được tham gia thảo luận sâu sát về những tình huống điển hình, thực tế trong ngành bảo hiểm nhân thọ. Quan trọng hơn, khóa học với sự dẫn dắt của những diễn giả với đa dạng góc nhìn chuyên môn sẽ giúp chúng tôi nhìn nhận lại vấn đề, đánh giá các quyết định và giải pháp đã thực hiện, từ đó nâng cao kiến thức quản lý và kỹ năng cần thiết để hoàn thiện hình mẫu của nhà lãnh đạo xuất sắc.”

Đầu tư vào con người tạo nên những giá trị khác biệt trên thị trường 

Có mặt tại Việt Nam từ những ngày đầu thành lập của thị trường Bảo hiểm Nhân thọ, Prudential luôn tự hào là người tiên phong thiết lập và phát triển mô hình Văn phòng Tổng Đại lý của ngành bảo hiểm.  Trong 25 năm qua, Prudential không ngừng đầu tư và đổi mới, tập trung phát triển những nguồn nhân lực chủ chốt của ngành.

Thông qua việc triển khai mô hình Văn phòng Tổng Đại lý mới kết hợp cùng chương trình đào tạo chuyên nghiệp, Prudential tin rằng đây không chỉ là nền tảng cho sự phát triển bền vững của doanh nghiệp, mà còn là lời cam kết mạnh mẽ trong việc xây dựng đội ngũ Giám đốc Văn phòng Tổng Đại lý – những “người cầm lái” dẫn dắt đội ngũ tư vấn viên chuyên nghiệp, giúp doanh nghiệp vững vàng vượt qua thách thức và tạo nên những giá trị khác biệt trên thị trường.

Anh Mai Hồng Việt (đứng giữa) tham dự khóa tốt nghiệp

Hơn cả một chương trình đào tạo, đây là bước ngoặt quan trọng giúp các Giám đốc Văn phòng Tổng đại lý trở thành những nhà lãnh đạo đa năng khi được trang bị toàn diện từ tư duy chiến lược, khả năng điều hành vững vàng đến bản lĩnh đối mặt với biến động thị trường, đưa doanh nghiệp tiến về phía trước một cách bền vững.

Khóa đào tạo “Nâng cao năng lực quản trị doanh nghiệp” là chương trình do Prudential Việt Nam phối hợp triển khai cùng Viện Quản trị & Công nghệ FSB, đã chính thức khai giảng từ tháng 8/2024 tại ba cơ sở TP.HCM, Đà Nẵng và Hà Nội của Đại học FPT. Đây là lần đầu tiên Prudential triển khai lộ trình đào tạo được “đo ni đóng giày” dành riêng cho các Giám đốc Văn phòng Tổng Đại lý. 

Các học viên tham quan doanh nghiệp tại Fsoft

Trong thời gian tới, các bên sẽ tiếp tục triển khai và mở rộng chương trình “Nâng cao năng lực quản trị doanh nghiệp” với Khóa 2 dự kiến khởi động trong tháng 12/2024, tạo nền tảng vững chắc cho sự phát triển bền vững của đội ngũ và doanh nghiệp để mang đến những giá trị tốt đẹp nhất cho khách hàng khi lựa chọn đồng hành lâu dài cùng Prudential.

Why Vietnam is Poised to Become Southeast Asia’s High-Tech Hub ?

Advertisements

Artificial Intelligence (AI) is becoming a center of economic growth globally almost every one of the industries has been impacted in one way or the other. Vietnam is the target for this transition especially with electronics. And also with the influence of NVIDIA and more tech-savvy people hiring in the country, it is set to become the high tech center of Southeast Asia.

A McKinsey report stated that AI in addition to its other tasks could also operate in healthcare, finances and education while creating up to 13 million jobs by 2030. If put into good use, this technology can enable a company to function at its best, make better decisions and come up with effective solutions to hard problems. In the case of Vietnam, it is through the proper utilization of AI that the country will improve the economy and participate competitively in the world market.

Vietnam’s AI Landscape

Within the past few years, Vietnam has become an appealing target for the high-tech industries. Key figures accentuate this development:

  • Foreign Direct Investment (FDI) in Vietnam’s high-tech sector has increased by an average of 15% annually over the past five years.
  • The country ranks second in Southeast Asia for the number of software engineers, boasting over 500,000 professionals in IT, electronics, and AI.

Major tech hubs such as Hòa Lạc near Hanoi, Saigon Hi-Tech Park in Ho Chi Minh City, and Da Nang’s tech zone have attracted multinational corporations and fostered innovation among local startups. In 2021, the Vietnamese government launched its National AI Strategy with the goal of positioning Vietnam among the top four ASEAN countries in AI research and development by 2030.

NVIDIA’s Strategic Investment in Vietnam

An important step in Vietnam’s technology development was Nvidia’s announcement on December 5 of the establishment of the Vietnam AI Research and Development Center (VRDC) and related AI data center. The investment was announced by Nvidia CEO Jensen Huang in Vietnam, emphasizing the commitment to “NVIDIA’s Second Home” – NVIDIA’s entry brings cutting-edge technology and aims to cultivate local AI talent.

VRDC will focus on applied AI projects in various sectors. including healthcare and smart manufacturing To build a strong ecosystem that drives innovation within the country, Huang highlighted Vietnam’s potential at the signing ceremony: “Vietnamese people have an outstanding history in STEM, with this potential We believe Vietnam is an ideal place for Nvidia to develop an R&D center.”

>> Related article:
Vietnam’s Emerging Role as a Global Electronics and Semiconductor Hub

A Catalyst for Local Talent and Startups

NVIDIA’s initiative isn’t just about setting up infrastructure, but it also represents an investment in human capital. The company plans to train Vietnamese AI engineers and support local startups with mentorship and funding. This effort aims to position Vietnam as a key player in the global AI landscape, while addressing local challenges with tailored solutions.

Potential in PCB, Chip, and AI Development in Vietnam

Vietnam is becoming increasingly important in the global supply chain of printed circuit boards (PCBs), semiconductors and AI:

  1. PCB Manufacturing: Companies like Samsung and LG have invested significantly in PCB manufacturing facilities and Vietnam now accounts for 10% of the global PCB market.
  2. Semiconductors: With NVIDIA’s participation, Vietnam has the potential to develop into an R&D hub for semiconductors. By 2030, the government aims to produce 30% of components locally.
  3. AI Applications: In healthcare, AI technology is being used to detect early stages of diseases such as cancer. Smart traffic management systems are also being used in major cities.

The Potential of Sourcing Electronics from Vietnam


>> >> Related article:
North vs South Vietnam for Manufacturing: A Strategic Comparison Guide for Businesses

Businesses should consider sourcing electronic equipment from Vietnam because it has several strategic advantages:

  • Access to Skilled Workforce: With a new generation of the population excelling in STEM fields, companies can leverage a trusted talent pool.
  • Competitive Manufacturing Costs: Labor costs are significantly lower than in Taiwan and Thailand while maintaining high quality standards.
  • Building Local Supply Chains: Developing local production reduces dependence on imports and increases quality control.
  • Favorable Government Policies: The Vietnamese government provides incentives for foreign investment that support technology development.
  • Strategic Location: The location is the gateway to Southeast Asia with strong trade agreements. Vietnam offers opportunities for businesses seeking innovation.

For Vietnam, the timing is just right as it gears up to be the high-tech hub in Southeast Asia. The strategic investments by companies such as NVIDIA and heavy government support have placed the nation in a position to build a strong ecosystem for AI and technology. Companies looking for innovative partners find an opportunity to invest in Vietnam at the forefront of the next wave of growth and technological advancement.

Exit mobile version