Bitcoin Bulls Lose Steam, Aussie-Yen Dips, Hinting at Broad-Based Risk Aversion Ahead

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The anti-risk Japanese yen looks to gain ground as the talk of a BOJ rate hike in December gathers steam.

Bitcoin’s (BTC) bullish momentum has hit a snag this week for several reasons, including a weaker stateside demand. Now, the Australian dollar-Japanese yen exchange rate or the AUD/JPY pair, the classic risk barometer, has turned south again, signaling caution to risk asset bulls.

The Australian dollar (AUD), a commodity currency, is a proxy for global economic health, particularly for emerging markets and China. On the other hand, the Japanese yen (JPY) is seen as a safe-haven currency that investors turn to during times of stress. Thus, a decline in AUD/JPY is considered a risk-off signal.

Matt Simpson, an analyst at The City Index, summed it up in his analysis as follows: “As AUD/JPY is a classic barometer of risk, we should take note that all is not looking well around current levels. If AUD/JPY tanks, it’s likely to be followed by risk in general.”

A crypto bull might brush off the FX drama as a non-event, particularly against the backdrop of BTC’s recent meteoric rise close to $100,000, but history suggests otherwise.

Remember late July and early August? The Japanese yen began rising on rumors that the Bank of Japan (BOJ) was about to hike rates, which it did at the end of the month. The AUD/JPY pair dropped over 8% to 98 in July, hinting at a wave of risk aversion that kicked in during the first week of August.

BTC fell from roughly $70,000 to $50,000 as the yen strength led to traders closing bullish bets in risk assets funded by the cheap JPY-denominated loans. The AUD/JPY pair eventually found a floor at 90 and rebounded alongside other risk assets.

Fast forward to now, the AUD/JPY pair has dipped below the trendline, characterizing its recovery from the early August low of 90. The breakdown points to a renewed strength in the yen accompanied by a growing chatter of a possible BOJ rate hike next month.

If that’s not enough, markets are second-guessing the possibility of the Federal Reserve cutting rates by another 25 basis points next month and trade war fears are resurfacing with President-elect Donald Trump’s plans to impose the supposedly-inflationary tariffs on Mexico, Canada and China.

“Expectations are growing that the BOJ will raise rates again in December. This comes amid the prevailing view that the Fed will keep rates on hold at the December FOMC meeting,” ING said in a note to clients this week, adding it expects the BOJ to lift the benchmark borrowing costs in December.

“On 21 November, [BOJ governor] Ueda left the door open for further tightening, stating that the BOJ would ‘decide at each meeting,’ fueling speculation of a December rate hike,” ING explained.

BTC bulls should keep their eyes peeled for round two of the yen-led risk-off scenario, which could potentially push prices well below $90,000.

Think Ethereum’s ETH is Dead? Surging Metrics Show Otherwise

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The overwhelming chatter on social media, especially Crypto Twitter is that Ethereum’s ether (ETH) is dead, a narrowly moving token.

Still, the market is betting on higher ETH prices as traders pile into derivatives tied to the cryptocurrency alongside a boom in Ethereum’s blob usage.

Cumulative open interest in perpetual and standard futures contracts has surged to a record 6.32 million ETH, worth over $27 billion, registering a 17% month-to-date gain, according to data source CoinGlass. An uptick in open interest alongside a price is said to validate an uptrend, and ether’s price has surged 35% to $3,400 this month, matching the industry leader’s bitcoin’s price gain.

According to data source Velo, the gap between three-month ETH futures and spot prices, the so-called premium, has expanded to an annualized 16% on offshore exchanges Binance, OKX and Deribit. Meanwhile, the front-month premium on the Chicago Mercantile Exchange has risen to 14%.

That’s noteworthy because an elevated premium could generate greater interest in cash and carry trades used to capture the price differential between the two markets, leading to increased inflows into the U.S.-listed spot ETH ETFs. The strategy comprises a long position in the spot ETF with a simultaneous short in the CME futures.

Activity in the ether options market listed on Deribit is also picking up, with over 2 million contracts active or open at press time, the highest since late June. In notional terms, the open interest stands at $7.33 billion, according to Deribit Metrics.

The price uptick has further driven up the value of assets locked on Ethereum-based applications to $65 billion as of Wednesday, a figure last seen in May 2022.

A major chunk of those, however, are held on three applications. Liquid staking protocol Lido holds over $32 billion in locked ether, Aave, a lending protocol, holds $26 billion in various assets, and restaking platform EigenLayer holds $14 billion.

Data shows a bump in revenue, fees, new wallets and on-chain volumes on Ethereum, with the past month showing elevated levels of activity compared to the period from May to September. (The metrics are no where close to an year-to-date peak seen in March, when interest around ETH ETFs was at a high.)

The Solana network and its applications continue to dominate DeFi activity, however, due to its broader retail appeal and cheap fees.

Stablecoin data further shows that Ethereum has more USDT hosted than Tron, with $60.3 billion on Ethereum compared to $57.94 billion on Tron, for the first time since June 2022.

Among sentiment factors, president-elect Donald Trump’s victory has brought back hopes of a decentralized finance (DeFi) bull market, at least among some investors, and with it demand for ETH.

The campaign indicated a move toward reducing the regulatory burden on crypto, potentially making it easier for DeFi platforms to operate within the U.S — a promise that has spurred growth in ETH and major DeFi tokens since early November.

Ghi âm trong tư vấn bảo hiểm: Thêm quy trình nhưng tăng niềm tin cho khách hàng

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Các doanh nghiệp bảo hiểm (DNBH) buộc phải thực hiện ghi âm/ghi hình trong tư vấn bảo hiểm theo quy định của Luật, việc này được cho sẽ phát sinh thêm quy trình, có thể gây “phiền hà” cho khách hàng. Tuy nhiên, theo các chuyên gia, công nghệ sẽ giúp DNBH tuân thủ, cùng với đó gia tăng niềm tin, bảo đảm quyền và lợi ích cho khách hàng.

Áp dụng quy trình theo quy định mới của Luật

Chị Phan Như Tâm (38 tuổi), ở Gò Vấp, TP. Hồ Chí Minh cho biết, cuối tháng 10/2024 chị chủ động tìm hiểu sản phẩm của 2-3 hãng bảo hiểm khác nhau. Thấy sản phẩm của Prudential phù hợp với nhu cầu, đầu tháng 11, khi đã được tư vấn kỹ càng chị đã quyết định tham gia hai gói bảo hiểm với đầy đủ quyền lợi cho hai vợ chồng và các con. 

Sau khi được chia sẻ về quyền lợi, các loại phí, điều kiện loại trừ…chị được thông báo sẽ phải thực hiện việc ghi âm một số nội dung và đây là điều kiện bắt buộc để hợp đồng được cấp theo quy định của Luật.

Mặc dù phải mất thêm hơn 20 phút để ghi âm các nội dung nêu trên với sự hỗ trợ của tư vấn viên, chị Tâm cảm thấy khá hài lòng dịch vụ của công ty bảo hiểm.

“Kịch bản ghi âm có hơi dài, nhưng là cần thiết khi tóm tắt được nội dung chính của sản phẩm bảo hiểm, bởi hợp đồng quá dài, nhiều thông tin, không thể đọc hết”, chị Tâm nói thêm. 

Cũng có cảm nhận tương tự, chị Nguyễn Mai Trang (30 tuổi) ở Hoài Đức, Hà Nội cho biết, ngày 4/11 khi tham gia một hợp đồng bảo hiểm, chị được tư vấn viên chia sẻ, theo quy định mới của Bộ Tài chính, bắt buộc phải ghi âm một số nội dung trong tư vấn sản phẩm bảo hiểm liên kết đầu tư. 

Thực tế đi tư vấn, anh Tô Huỳnh Quốc Thắng (chuyên viên tư vấn BHNT Prudential) chia sẻ, khách hàng rất ủng hộ quy định này của cơ quan quản lý nhà nước, mặc dù thời gian đầu triển khai còn nhiều phản hồi như thời gian ghi âm ngắn, nội dung khá dài, thiếu sót thông tin bị trả về hồ sơ yêu cầu bảo hiểm… 

“Chính đội ngũ tư vấn cũng mất thêm thời gian, phải hướng dẫn cho khách hàng, tuy nhiên về đường dài, tôi thấy đây là quy trình vô cùng cần thiết để đảm bảo quyền lợi cho khách hàng”, anh Thắng cho biết. 

Tính đến thời điểm này, các DNBH nhân thọ đã đồng loạt triển khai quy định của Luật Kinh doanh bảo hiểm 2022 và thông tư số 67/2023 về việc ghi âm/ghi hình một số nội dung trong tư vấn sản phẩm bảo hiểm liên kết đầu tư từ ngày 2/11/2024 sau thời gian thử nghiệm trước đó. Theo chia sẻ từ Prudential, doanh nghiệp đã áp dụng thử nghiệm ghi âm vào quy trình bán hàng từ 15/10/2024 trước ngày quy định của Luật, tính đến 31/10 thì tỷ lệ thành công đạt hơn 94%.

Đây là quy định của Luật, các DN bảo hiểm nhân thọ bắt buộc phải triển khai. Các công ty BHNT cũng đã có sự chuẩn bị cho việc này, bởi trong quá trình xây dựng thông tư, họ đã nắm được tinh thần, nên có kế hoạch chủ động chuẩn bị, đầu tư cơ sở hạ tầng kỹ thuật, công nghệ để đảm bảo việc triển khai vừa đúng quy định, nhưng phải mang tới trải nghiệm tốt nhất cho khách hàng.

Công nghệ đảm bảo: Thêm quy trình nhưng cũng tăng trải nghiệm cho khách hàng

Theo ông Ngô Trung Dũng – Phó Tổng thư ký phụ trách Hiệp hội bảo hiểm Việt Nam (IAV), ghi âm/ghi hình trong tư vấn bảo hiểm giúp pháp lý trong ngành bảo hiểm ngày càng hoàn thiện và chỉ mang lại lợi ích tích cực. 

Bà Nguyễn Thanh Hà, Phó Tổng Giám Đốc Giao Dịch Bảo Hiểm – Prudential Việt Nam cho biết, thử thách của doanh nghiệp là làm sao đảm bảo trải nghiệm của khách hàng lẫn tư vấn viên xuyên suốt quá trình ghi âm.

Bà Nguyễn Thanh Hà, Phó Tổng Giám Đốc Giao Dịch Bảo Hiểm – Prudential Việt Nam chia sẻ quá trình áp dụng việc ghi âm quá trình tư vấn vào quy trình bán hàng: “Chúng tôi hiểu sẽ có những khó khăn trong giai đoạn đầu áp dụng những quy trình mới, công nghệ mới. Thách thức của doanh nghiệp là làm sao đảm bảo trải nghiệm của khách hàng, tư vấn viên mà vẫn đảm bảo tuân thủ quy định của Luật. Khi đưa ghi âm vào quy trình bán hàng, Prudential ưu tiên phát triển công nghệ để đảm bảo trải nghiệm khách hàng lẫn tư vấn viên không chỉ là ghi âm quá trình tư vấn.” 

Là người trực tiếp tham gia phát triển công nghệ cho quá trình ghi âm này, ông Trần Lê Quốc Sơn (Sơn Trần) CIO – Phó Tổng Giám đốc Công nghệ của Prudential Việt Nam cho biết: “Ghi âm quá trình tư vấn đảm bảo sự kiểm tra độc lập trong quá trình tư vấn và tính minh bạch cho khách hàng, Luật kinh doanh bảo hiểm mới với những quy định đòi hỏi các doanh nghiệp bảo hiểm phải đưa việc chuyển đổi số vào thực tiễn. Chúng tôi hợp tác với những công ty công nghệ hàng đầu để đảm bảo ứng dụng được những công nghệ tiên tiến nhất, nhằm đảm bảo vận hành quy trình bán hàng một cách tốt nhất.”

Ông Sơn Trần – Phó Tổng Giám đốc Công nghệ của Prudential Việt Nam cho biết Prudential phát triển hệ thống ghi âm cùng những big tech hàng đầu.

Không chỉ giúp khách hàng lấy lại niềm tin với ngành bảo hiểm, mà còn giải quyết được các khúc mắc trước đây hay gặp phải đó là thiếu cơ sở đánh giá chất lượng tư vấn khi nhận được phản ánh của khách hàng về việc bị tư vấn sai sản phẩm… Trong khi phía đại lý cũng khẳng định là đã tư vấn đúng, cung cấp đầy đủ thông tin sản phẩm. Nay, quy định ghi âm bắt buộc này sẽ là bằng chứng quan trọng để xác thực, là cơ sở giải quyết những vướng mắc kể trên, mang lại những đánh giá tích cực cho thị trường. 

“Cả 3 bên bao gồm DN bảo hiểm, tư vấn viên/đại lý và khách hàng đều sẽ nhận được lợi ích lâu dài. Mọi thông tin được tư vấn là chính xác và minh bạch, giúp khách hàng hiểu rõ về sản phẩm, các quyền lợi của mình, từ đó nâng cao trải nghiệm của khách hàng, ngăn ngừa các sai phạm trong quá trình tư vấn, giảm thiểu các tranh chấp với công ty bảo hiểm sau này”, ông Ngô Trung Dũng khẳng định.

Two Tourist Destinations in Quang Nam Honored at the 2024 World Travel Awards

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At the 2024 World Travel Awards ceremony held in Madeira, Portugal, two tourist destinations in Quang Nam province, Hoiana Resort & Golf and Hoi An Memories Island, received prestigious accolades.

Hoiana Resort & Golf was awarded the title of “World’s Leading Integrated Resort,” while Hoi An Memories Island was recognized as the “World’s Leading Cultural and Entertainment Destination” for the third consecutive year. Previously, Hoi An Memories Island won the title of “World’s Leading Entertainment Destination 2022” and “World’s Leading Cultural and Entertainment Destination 2023”.

A scene from the live art show “Hoi An Memories”.

Located in Duy Xuyen district, approximately 10 km from Hoi An Ancient Town, Hoiana Resort & Golf is a large complex featuring a 4-km coastline, over 1,200 rooms spread across four 5-star hotels, 20 restaurants and bars, and an international- standard golf course.

Situated between the Hoai River and the Hoi An Ancient Town, Hoi An Memories Island spans over 10 hectares and is divided into three main sections: the Hoi An Memories Live Show, the Hoi An Impression Theme Park, and the Hoi An Memories Resort & Spa. Its highlight is the live show, Hoi An Memories, which recreates 400 years of Hoi An’s history and culture.

The awards ceremony in Portugal on November 24 marks the conclusion of the 2024 World Travel Awards gala series. Earlier, the Asia and Oceania regional awards ceremony took place on September 3 in Manila, Philippines.

This year, Vietnam also achieved notable awards, including being named “Asia’s Leading Destination,” “Asia’s Leading Heritage Destination,” and “Asia’s Leading Nature Destination.” These awards not only celebrate the appeal of Vietnamese tourism but also help promote the country’s image to the international community.

@SGtiepthi

Saigontourist and Genesis Group Sign Partnership to Boost Vietnam-Malaysia Tourism

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Recently, in Kuala Lumpur, Malaysia, Saigontourist Group and Genesis Group signed a memorandum of cooperation during the visit of a high-ranking Vietnamese delegation led by General Secretary To Lam.

The partnership focuses on market expansion, tourism development, hospitality, cuisine, education, and event organization, aiming to promote the “Two Countries – One Destination” concept. This collaboration is expected to act as a catalyst for the tourism industry, creating attractive products, driving economic growth, and enhancing cultural exchange.

Many Malaysian tourists come to Vietnam through Saigontourist Group’s cruise tours.

Mr. Pham Huy Binh, Chairman of Saigontourist Group, emphasized that the agreement comes amidst strengthening Vietnam-Malaysia relations and reflects a commitment to advancing tourism cooperation and promoting Vietnam to the world. “We expect this collaboration to generate new opportunities for developing tourism products, improve service quality, attract more visitors to Vietnam and Malaysia, and contribute to the socio-economic development of both nations,” he stated.

Ms. Ta Mui Hay, Chairwoman of Genesis Group, expressed optimism that the partnership between Saigontourist Group and Genesis Group will foster two-way tourism growth between Malaysia and Vietnam while promoting the friendly and vibrant image of both countries to international visitors and communities.

Malaysia and Southeast Asia are key international markets for Saigontourist Group, accounting for hundreds of thousands of visitors annually and generating revenue in the trillions of Vietnamese dong. Notably, the number of Muslim tourists from Malaysia and the region has been on the rise. Conversely, Saigontourist Travel Service Company has facilitated tens of thousands of Vietnamese tourists visiting Malaysia through single-country or multi-country Southeast Asia tours.

@SGtiepthi

Vietnam Continues to Be Voted ‘Asia’s Best Golf Destination’

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Vietnam has been named Asia’s Best Golf Destination 2024 for the 11th time by the World Golf Awards. This also marks the eighth consecutive year Vietnam has received this prestigious recognition.

A corner of Laguna Lang Co golf course. Photo: TL

According to the Vietnam National Administration of Tourism’s Information Center, Vietnam surpasses other strong contenders such as Japan, China, South Korea, Indonesia, Malaysia, and Thailand to claim the title. Additionally, at the awards ceremony, Hanoi was honored as the World’s Best Golf City Destination 2024.

The awards are the result of a year-long search for the world’s most popular golf tourism brands. The voting process involves golf industry experts, media professionals, and the public, with winners determined by receiving the highest number of votes in each category.

Vietnam is considered as an ideal golf destination in Asia, thanks to its stunning natural landscapes and tropical climate, which provides favorable conditions for developing golf courses and promoting golf tourism.

According to preliminary statistics, Vietnam boasts around 100 operational 18-hole golf courses and practice facilities, with 32 of them meeting 5-star international standards, often integrated with luxury resorts. The development of golf tourism infrastructure and products is a key focus within Vietnam’s Tourism Development Strategy through 2030, approved by the Prime Minister.

To date, Vietnam has been recognized eight times as Asia’s Best Golf Destination and twice as the World’s Best Golf Destination. These awards affirm Vietnam’s reputation and appeal on the global golf tourism map.

@SGtiepthi

Passenger Traffic at HCMC Bus Stations Stable for Lunar New Year, Ticket Prices Increase by 40-60%

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Interprovincial bus stations in Ho Chi Minh City report that passenger traffic during the 2025 Lunar New Year is only slightly higher than last year. To offset costs on days with lower ridership, ticket prices will increase by 40-60% compared to regular days.

Mien Tay Bus Station is expected to welcome about 760,000 passengers during this year’s Lunar New Year. Photo: Le Vu

For the 2025 Lunar New Year, the three major bus stations in HCMC — Western Bus Station, Eastern Bus Station, and the New Eastern Bus Station — have planned for a 20-day peak service period from January 19 to February 7, 2025.

To meet the travel demand of residents returning to the Mekong Delta provinces, Western Bus Station has prepared to handle 33,650 bus trips and 760,000 passengers, an increase of about 5% compared to last year and nearly 40% compared to normal days.

During peak days, the station will collaborate with transport operators to expand ticket sales channels. Ticket counters will extend their service hours, and passengers can book tickets in advance through multiple methods to ensure all travel needs are met.

The Western Bus Station has requested that the HCMC Department of Transport and transport departments in provinces such as Tien Giang, Ben Tre, Vinh Long, and Dong Nai issue directives to relevant authorities. These measures include traffic routing, enhancing public transport services, and ensuring smooth traffic flow.

Eastern Bus Station forecasts that passenger traffic during this year’s Lunar New Year will be similar to last year, with a slight increase of about 1%, reaching approximately 181,000 passengers and 9,300 bus trips. Most passengers will travel in the 10 days leading up to the Lunar New Year, with peak days on the 26th and 27th of the lunar calendar, each accommodating about 19,000 passengers.

To protect passenger rights, the Eastern Bus Station has issued guidelines on ticket price adjustments. Transport operators are allowed to raise ticket prices by a maximum of 40% or 60%, depending on the route and timing. For additional buses deployed during the holiday period, ticket prices will be flexibly adjusted to meet market demand.

Meanwhile, the New Eastern Bus Station expects fewer passengers than the old Eastern Bus Station. specifically, the new station plans to serve about 138,000 passengers, a slight 3% increase from last year. Passenger traffic will concentrate in the days leading up to the Lunar New Year, with peak days accommodating around 11,300–13,000 passengers.

According to the New Eastern Bus Station Management Board, its operations face significant challenges due to unauthorized bus stops, illegal “ghost” buses, and incomplete infrastructure. To address these issues, the station has proposed several solutions, including ticket price adjustments, advance ticket sales, and additional transport services for passengers.

@Thesaigontime

Airlines Add Over 3,000 Flights for Lunar New Year 2025

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Airlines are rushing to lease additional aircraft to meet the travel demand during the upcoming peak period.

The aviation industry is preparing for the peak season of Tet At Ty 2025. Photo: Diep Anh.

The Vietnam Airlines Group, including Vietnam Airlines, Pacific Airlines, and VASCO, announced plans to provide more than 650,000 extra seats, equivalent to over 3,000 additional flights, on domestic routes in Vietnam from January 13, 2025, to February 12, 2025 (the 15th day of the 12th lunar month to the 15th day of the first lunar month).

This increase will bring the total number of seats across the Vietnam Airlines Group’s domestic network to over 2.15 million, corresponding to more than 11,000 flights.

The additional flights will mainly focus on high-demand routes during the Lunar New Year, such as those between Hanoi and Ho Chi Minh City, Nha Trang, Da Nang, Phu Quoc, and Vinh; and between Ho Chi Minh City and Da Nang, Hai Phong, Hue, Thanh Hoa, Quy Nhon, Pleiku, Chu Lai, Dong Hoi, and Vinh.

To accommodate the surge, Vietnam Airlines Group has planned to lease four additional Airbus A320/A321 aircraft, including two wet-leased planes (with crew). Each aircraft is expected to operate approximately 180 flights during this period.

The group noted that many flights during the Lunar New Year already have a booking rate of 70–80%, especially on routes from Ho Chi Minh City to northern and central provinces such as Thanh Hoa, Quy Nhon, Chu Lai, and Dong Hoi. Passenger volume is expected to grow further in the coming month.

Previously, Vietravel Airlines reported that it had sold over 55% of its available seats for the peak travel period of Lunar New Year 2025 (January 14–February 12, 2025). Popular routes include Ho Chi Minh City to Quy Nhon, Da Nang, and Hanoi.

“The pace of ticket purchases for Lunar New Year 2025 has been slower than in previous years, likely due to economic challenges and customers delaying purchases in hopes of price drops,” a representative from Vietravel Airlines explained.

However, the airline anticipates high travel demand for Lunar New Year 2025, with last-minute bookings expected to increase significantly, partly due to the extended 9-day holiday period for workers. Vietravel Airlines plans to add capacity on routes such as Ho Chi Minh City to Hanoi and Ho Chi Minh City to Da Nang to meet the increased demand.

Similarly, a representative from Bamboo Airways stated that the airline is actively selling tickets for the Lunar New Year period and working to resume certain routes to accommodate the surge in travel. Additionally, Bamboo Airways is collaborating with partners to bring in new aircraft before the Lunar New Year 2025.

@Znews

Broken Rice and Banh Chung Among the Best Rice Dishes in Southeast Asia

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Vietnamese dishes such as broken rice, banh tet, and banh chung have been honored by the renowned culinary website Taste Atlas in its list of the “Best Rice Dishes in Southeast Asia.”

Ranking second on the list, broken rice is described as a “traditional Vietnamese dish” made from broken rice, a type of broken rice resulting from the milling process.

Initially popular only in rural areas of the Mekong Delta, broken rice has become widely loved by locals and tourists alike and is now considered an integral part of Saigon’s culinary culture.

Broken rice with a variety of side dishes. Photo: Cooky

Earlier this year, broken rice was also featured in Taste Atlas’s list of the Top 100 Best Street Foods in the World released in May.

Banh Beo, another Vietnamese dish made from rice flour, ranks 14th. This steamed cake, commonly topped with shrimp and pork, is served with fish sauce. Diners can add roasted peanuts and fried shallots to enhance its flavor. Taste Atlas also highlights a sweet version of banh beo, almost exclusively found in Hoi An.

At 17th and 25th places on the list are banh tet and banh chung, respectively.

Photo: Yeah1!

Other Vietnamese rice-based dishes that made the list include sticky rice (ranked 30th), chicken sticky rice (31st), burnt rice (33rd), salty sticky rice (43rd), gac sticky rice (44th), green rice sticky rice (46th), and banh te (52nd), mussel rice (54th), rice balls (58th), fried shrimp and coconut rice (62nd), five-color sticky rice (63rd), vo sticky rice (66th), and Tam Ky chicken rice (70th).

Established in 2015 and headquartered in Zagreb, Croatia, Taste Atlas is known as a global map of traditional dishes.

According to Matija Babić, the founder of Taste Atlas, the rankings of dishes and beverages are based on opinions and reviews from experts and food critics, ensuring the credibility of the awards.

@Vietnamnet

Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions

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Ethereum is witnessing a surge in “blob” usage, an effective data management tool introduced earlier this year, signaling that more users are embracing layer-2 scaling solutions for faster and more affordable transactions.

The number of blobs or binary large objects posted to Ethereum has consistently averaged more than 21,000 this month, matching the record activity seen in March, according to pseudonymous data analyst Hildobby’s Dune Analytics dashboard.

Ethereum’s Dencun upgrade, which went live earlier this year, introduced blobs, which attach large data chunks to regular transactions, storing data offchain without congesting the mainnet, unlike call data which is stored permanently. Think of blobs as a consolidated large box filled with letters while paying for an entire box instead of call data, which is akin to paying for each letter posted separately.

The spike in the number of Blobs posted points to increased adoption of layer-2 protocols such as BASE, Arbitrum, Optimism and others. These protocols use blobs to bundle transactions together, process them off-chain and then post them to the Ethereum main chain for verification.

“Transactions for ETH and its L2s are continuing to reach all-time highs, now +40% vs. the Summer. Meanwhile, the average blob count has increased ~20% driving L2’s Blob Fees to a 30-day high,” Matthew Siegel, head of digital assets research at VanEck, said on X.

Blobspace is a dedicated area within Ethereum’s blocks where layer 2s temporarily post their data, but it comes with a cost, depending on network conditions. Note that these blob fees paid in Ethereum’s native token ether are burned just as transaction fees, taking out the cryptocurrency’s circulating supply from the market. This contradicts the popular narrative that layer-2 protocols are predatory to the mainchain.

The blob base submission fee spiked as high as $80 on Monday, the highest since March, and the average number of blobs posted in each ethereum block rose to 4.3. More importantly, blob fees have burned over 166 ETH worth $560,000 in the past seven days, the ninth largest, according to ultrasound.money.

“Blob fees have historically been very low since the implementation of blobs in EIP4844 as they have their own fee market which has largely not seen price discovery. Recently, as onchain activity has begun to spike, demand for blobspace on the L1 has increased, and the blob fee market has entered price discovery,” Artemis said in the newsletter.

The data suggests potential ether outperformance ahead. The second-largest cryptocurrency by market value, rose to a four-month high of $3,546 Monday, outperforming bitcoin’s 5% drop, but has since pulled back to $3,370, CoinDesk data show.

Vietnam’s Coastal Road Named One of the World’s Most Beautiful by British Newspaper: Travelers Can Journey by Train, Car, or Motorbike

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At certain times, this road literally becomes a “path in the clouds,” offering a breathtaking view for everyone.

A Natural Masterpiece in Central Vietnam

Located on the border between Thua Thien Hue and Da Nang, the Hai Van Pass was once honored by the UK’s The Guardian as one of the most beautiful coastal roads in the world. Stretching nearly 21 kilometers and reaching an elevation of about 500 meters above sea level, this route is often called a “path in the clouds” as it winds through the rugged slopes of the Truong Son mountain range and hugs the East Sea coast. The pass stands out amidst lush forests, with towering mountains on one side and endless greenery on the other. This stunning natural scenery creates a perfect picture, making the journey unforgettable for adventure lovers.

Not only remarkable for its breathtaking beauty, Hai Van Pass also offers a thrilling sense of conquest. The road is lined with sharp U-shaped turns that leave many visitors feeling both nervous and exhilarated. However, by overcoming fear, maintaining speed, and staying vigilant, travelers are rewarded with a majestic, poetic, and mesmerizing natural landscape—a true visual feast no one wants to miss. From the top of the pass, visitors can take in panoramic views of the stunning Lang Co Bay, Da Nang city, Tien Sa Port, and Son Tra Peninsula.

True to its title as “The World’s Most Majestic Pass,” the summit of Hai Van Pass offers a panoramic view of Lang Co Bay, Da Nang city, Cham Island, Tien Sa Port, and the Son Tra Peninsula.

The journey to explore Hai Van Pass becomes even more exciting by choosing to ride the train or experience it firsthand on a motorbike or car, fully immersing in the majestic and poetic beauty of one of Vietnam’s most iconic roads.

Must-Try Experiences on Hai Van Pass

Hai Van Gate: A Historic Monument atop the Majestic Pass

Situated at the peak of Hai Van Pass, Hai Van Gate is a unique historical structure that once served as a critical checkpoint during the Tran Dynasty. It also functioned as a military fortress guarding the imperial capital of Hue, highlighting the strategic importance of this area. Here, King Le Thanh Tong was so moved by the stunning natural beauty that he left the famous inscription “Thiên hạ đệ nhất hùng quan” (“The world’s most marvelous wonder”), which remains engraved on Hai Van Gate as a historical marker.

Cloud Hunting and Scenic Check-Ins at Hai Van Terrace

Hai Van Terrace, considered the best viewpoint on the pass, attracts numerous visitors. Its magnificent and poetic landscape makes it an unmissable check-in spot, especially popular with couples choosing it as a wedding photo location. The flat terrain here is also ideal for overnight camping, cloud hunting, and witnessing the sunrise over the sea, offering unforgettable experiences for nature lovers and adventurers alike.

The Lonely Pine: A Charming Touch Amidst Vast Nature

Located about 2 kilometers from the top of Hai Van Pass, the “Lonely Pine” stands out with its wide canopy, resembling a picturesque scene from nature. With a unique position against the backdrop of the vast sky and sea, this pine tree has become a romantic check-in spot, drawing many visitors. From here, you can enjoy sweeping views of Lang Co Bay, often called the “green jewel” of Central Vietnam.

Camping in Van Village: A Peaceful Haven at the Foot of Hai Van Pass

Nestled at the base of Hai Van Pass, Van Village is a must-visit for those who love tranquility and untouched nature. Often described as a “forgotten fairy,” this village exudes rustic charm with its serene and picturesque landscapes. Camping in Van Village offers a relaxing experience and a chance to immerse oneself in an unspoiled environment, away from the hustle and bustle of the city.

Bac Hai Van Station and Don Ca Arch Bridge: A “Gateway to Heaven” Amidst the Mountains

About 4 kilometers from Hai Van Gate, visitors will find Bac Hai Van Station, a poetic stop nestled in the mountains. From here, a short 500-meter walk down a path leads to a stream where the scenic Don Ca Arch Bridge appears like a painting. Dubbed the “gateway to heaven,” the bridge and its surroundings offer a sense of entering a mysterious world, making it an ideal backdrop for enchanting photos.

Source: Cafef.vn

Hanoi’s Public Bike System Faces Connectivity Challenges

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Over a year since its launch, Hanoi’s public bike rental service has shown promising results due to its convenient design and affordable rates. Currently, there are 700 bikes across 99 stations in six central districts, with stations placed near popular recreational areas, pedestrian streets, and transit hubs like bus terminals and rail stations. The rental rates are attractive, with standard bikes costing only 5,000 VND (around $0.20) per 30 minutes and e-bikes priced at 10,000 VND (about $0.40).

Despite the low cost and accessibility, issues persist. Utilization rates are inconsistent, with electric bikes preferred over standard bikes, which affects optimal use. The lack of connectivity between bike stations and the current station placements make it challenging for users to link easily with other forms of public transit. Improvements are needed to create a more flexible, well-connected network.

Sai Gon Xanh cleans up trash, attracts 3 billion viewers, enters final round of Community Action Award

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Many familiar projects and programs are participating in the final round of the 2024 Community Action Award, including Sai Gon Xanh for Gen Z.

The Human Act Prize 2024, organized by Nhan Dan Newspaper , aims to seek and honor efforts for the community, while promoting the spread of outstanding initiatives, connecting individuals and organizations with the same goals, contributing to building a humane society and a sustainable future.

Within the framework of the award, today (November 22), the exhibition and final round with the theme “Creating Community” took place at the Temple of Literature – Quoc Tu Giam, Hanoi.

In his opening speech, Mr. Le Quoc Minh, editor-in-chief of Nhan Dan newspaper and head of the organizing committee, informed that from more than 120 project applications registered to participate, the organizing committee selected 40 projects to display at the exhibition.

Reading the project profiles, we can see many real stories of real people and real events that convey a strong inspiration for life. 

Among them are many disadvantaged people who were once helped by the community, and now they turn around to help others.

For example, the comprehensive IT integration project for the disadvantaged was founded by two brothers, Nguyen Thi Van and Nguyen Cong Hung (who have suffered from spinal muscular atrophy since childhood).

Or the story of the Ngoc Tam Thuy Tinh Class , run by Nguyen Thi Ngoc Tam – a girl with brittle bone disease – who has been teaching free extra classes for the past 20 years for children in her hometown, especially poor and disabled children.

Ms. Nguyen Thi Van presents the project – Photo: Organizing Committee

The story of the Saigon Xanh group also conveys positive energy, considered a “symbol of the spirit of Vietnamese youth living beautifully”.

With a rather “modest” number of initial members, but thanks to clips of people cleaning up trash on TikTok, Saigon Xanh has created a “wave”, with many young people everywhere “asking” to join the “team”.

The group currently has 20,000 volunteers, collects more than 3,000 tons of trash, installs 10 trash buoys and cleans trash automatically.

Green Saigon once ranked 2nd in Global Cleanup Day – an event recognized by the international community, attracting more than 3 billion views.

In addition, there are many community projects of businesses, celebrities and even ordinary people; along with images of police officers and soldiers with meaningful actions for the community…

Source: tuoitre.vn

Cold Season Alert: Doctors Warn of Heightened Risk of Cerebral Hemorrhage Strokes

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Cold weather and seasonal changes can cause excessive dilation of the vascular system, increasing blood pressure and heart activity, thereby increasing the risk of hemorrhagic stroke if blood pressure is not well controlled.

On November 22, Associate Professor, Doctor Nguyen Huy Thang, Head of the Department of Cerebrovascular Diseases, People’s Hospital 115 – Vice President of the Vietnam Stroke Association, said that at the end of the year, starting from around November-December to early next year, the number of stroke cases due to cerebral hemorrhage admitted to emergency rooms increased by about 10-20%. Although the symptoms of patients with cerebral hemorrhage stroke are similar to those of cerebral infarction stroke , the condition will be more severe, with a higher risk of death.

“This increase repeats every year and the common characteristics of the patients are mostly men, drink alcohol, have a history of very high blood pressure but do not take medication, often drink alcohol… admitted to the emergency room due to cerebral hemorrhage. This is considered the most severe form of stroke, with a mortality rate of up to 50%,” Dr. Thang shared.

Weather factors “trigger” stroke

Dr. Thang said that according to medical literature, some weather situations can affect the risk of stroke. Weather that is too cold, too hot,especially when combined with humid climates can be considered “trigger” factors for stroke.

The weather is too hot and humid, the body loses a lot of water, it will easily create blood clots in the blood vessels (especially the venous system). The risk is higher when we are exposed to direct sunlight for a long time, or when the body temperature exceeds 40 degrees Celsius.

On the contrary, when the weather is too cold, we often do not drink enough water, which causes the body to become dehydrated, which can also lead to the formation of blood clots.

“In addition, weather that is too cold or hot can cause excessive dilation of the vascular system, increasing blood pressure and increasing heart activity. It will be more serious for elderly patients with underlying diseases such as high blood pressure , but not well controlled,” Dr. Thang analyzed.

During the change of seasons, blood pressure tends to increase.

According to Dr. Thang, many studies have shown that the times of weather change during the year are considered risk factors for stroke. The reason is that the body has not yet adapted to the change in temperature. During the change of seasons, blood pressure levels often fluctuate and tend to increase, especially in elderly hypertensive patients who do not take blood pressure medication regularly.

“With cerebral hemorrhage, the culprit in most cases is high blood pressure (>90%). Data over many years at People’s Hospital 115 shows that in the last months of the year and until the beginning of the following year, the rate of hospitalization due to cerebral hemorrhage related to high blood pressure tends to be significantly high,” the doctor said.

Stroke prevention at the end of the year

According to current recommendations, to prevent stroke, systolic blood pressure should be reduced to below 130 mmHg in all ages. In the PROGRESS study with patients who had previously had a stroke, the prevention effect was optimal when the systolic blood pressure was reduced to below 120 mmHg. With many options for blood pressure control drugs under the guidance of a doctor, achieving the target blood pressure is not too difficult.

“When blood pressure is stable at the lowest possible level, the risk of cerebral hemorrhage will be extremely low. Research results show that reducing systolic blood pressure by just 10 mmHg reduces the rate of cerebral hemorrhage by 64%. This shows that when blood pressure is brought to the optimal value, preventing cerebral hemorrhage will be more effective,” the doctor emphasized.

At the end of the year, Dr. Thang recommends that people need to strictly control underlying diseases, especially high blood pressure because blood pressure can be pushed up very high when the weather changes when the seasons change. For the elderly, obese people and those with many underlying diseases are considered high-risk groups. Especially at the end of the year, there are many occasions to eat and drink, using beer and alcohol that can cause blood pressure to increase very high, so it is necessary to control as much as possible.

“For patients with high blood pressure, you should keep a few blood pressure control pills in many places such as your wallet, desk… and set a timer to avoid forgetting to take your medicine. Over 70% of stroke patients can avoid having a stroke if they take preventive medication in advance,” Dr. Thang recommends.

Low income people take the bus?

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A Facebook post asking the question “Do low-income people take the bus?” has attracted controversy with mixed opinions.

Using the bus is because conditions do not allow, the economy is still difficult (!?)

Specifically, on a confessions page (a place that allows writers to freely express their opinions without having to reveal their identity or personal information – PV), there was an article stating the opinion that only low-income people take the bus. This article was quickly shared on many groups and attracted the attention of netizens.

Many people said they chose the bus because it was convenient, not because they had low incomes. PHOTO: THANH NIÊN

Many opinions say that most people use buses because conditions do not allow, economic difficulties still exist, choosing buses to travel to save money.

Member Bao Le commented: “That statement (only low-income people take the bus – PV) is completely reasonable. Many of my friends are still struggling in life , so the optimal way to get to work is by bus.”

Similarly, member Ho Thanh Binh said: “If you have enough money, you can use other personal means of transportation to be more proactive. So I agree with this opinion.”

However, most opinions expressed the opposite view. Do Le Thu Thao (28 years old), working at 364 Cong Hoa, Tan Binh District ( HCMC ), said: “Not everyone takes the bus because of low income. Personally, even though I have a motorbike and a salary of no less than 14 million VND/month, I still choose the bus because of its convenience. Every day, I take the bus from my house in Thu Duc City to my company in Tan Binh District, spending only 7,000 VND. I see it as a way to save on travel costs.”

Mr. Ung Thanh Nhan (32 years old), working at 64 Van Kiep, Binh Thanh District (HCMC) said: “Choosing a means of transportation does not mean having a high or low income. It is true that there are still people who take the bus because their income is not high. But not all. In fact, there are colleagues and acquaintances of mine who, even though they have cars, motorbikes…, still travel by bus regularly.”

Mr. Nhan added: “I go from my house in Binh Chanh District to Binh Thanh District. If I ride a motorbike, I might face traffic jams and get tired because of the long distance. Meanwhile, taking the bus has many advantages. For example, if I’m tired, I can close my eyes and rest for a bit. I feel safer whenever my health is in trouble. I can avoid the hot and humid weather…”.

Many opinions reject the view that “only low-income people take the bus” PHOTO: THANH NAM

Can’t judge a book by its cover

Mr. Dang Hung Anh (37 years old), driver of bus number 10 (departing from Ho Chi Minh City National University to Mien Tay bus station), said: “Every day I still see many well-dressed passengers using the bus. One day I heard them say that because their personal car had problems or broke down, they took the bus. Telling that story helps us understand that not everyone who takes the bus does so because of low income.”

Ms. Dang Thi Diem Hang (31 years old), in charge of human resources at an agency company on Pham Ngoc Thach Street, District 3 (HCMC), said: “You can’t judge a book by its cover”. In fact, there are many wealthy people who still take the bus. For example, my boss is Japanese. He has a car worth several billion VND and has his own driver. But sometimes he still wants to take the bus from Thu Duc City to the company. In addition, there are many colleagues with an income of about 20 million VND/month who also choose the bus as their regular means of transportation”.

Ms. Nguyen Thi Thanh Binh (34 years old), working at No. 1 Tran Khanh Du, Hai Ba Trung District ( Hanoi ) said that the distance from home to work is about 32 km. Her husband works at a company 27 km away. And the couple decided not to ride a motorbike or a car. Instead, they both chose the bus. “Every day, I only spend 30,000 VND, and my husband spends 24,000 VND for both round trips (the ticket price for a route with a distance of 30 – < 40 km is 15,000 VND/ticket/trip, the route with a distance of 25 – < 30 km is 12,000 VND/ticket/trip – PV). It saves money on gas, and is less tiring than driving a car or motorbike yourself,” Ms. Binh said.

Mr. Do Tien Khoa (30 years old), working at 929 Ta Quang Buu, District 8 (HCMC), said: “The view that only low-income people take the bus is one-sided and incorrect. Many people, including me, take the bus because they want to limit the impact of outside weather, contribute to protecting the environment, keep themselves safer, can use their phones to handle work, save costs…”.

Source: thanhnien.
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