When Will Northern Vietnam Experience Prolonged Cold Spells?

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Meteorological experts have given their comments on the weather patterns in the coming time in the Northern region.

Mr. Hoang Phuc Lam – Deputy Director of the National Center for Hydro-Meteorological Forecasting said that the latest forecasts show that La Nina (a phenomenon of abnormally cold surface water in the equatorial Pacific Ocean) will decrease significantly in the last months of 2024 and early 2025. 

With the above meteorological trend, the National Center for Hydro-Meteorological Forecasting predicts that in the period from December 2024 to February 2025, storm and tropical depression activities in the East Sea and affecting Vietnam’s mainland are likely to be at a level approximately equal to the average of many years (the average of many years in the East Sea is 1.4 storms; making landfall in Vietnam is 1.1 storms), concentrated in the Central region and the southern provinces and cities.

Also during the forecast period, there is a possibility of dangerous weather phenomena such as thunderstorms, tornadoes, lightning and strong gusts of wind occurring nationwide.

In addition, from December 2024 to February 2025, cold air is likely to become more active and cause severe cold spells. Particularly, the provinces in the Northern region are likely to experience severe cold spells over a wide area from the second half of December.

“Localities need to be on guard against the possibility of prolonged cold spells. Especially in mountainous areas, there may be severe cold accompanied by frost and ice. This phenomenon can have a major impact on agricultural production and people’s health,” Mr. Hoang Phuc Lam noted.

According to forecasts, from now until the end of November, cold air will increase in quantity and intensity, but there will be no severe cold yet.

Weather forecast for regions across the country on the night of November 19 and November 20

Hanoi weather: no rain at night, sunny during the day. Temperature from 19-30 degrees Celsius.

Northwest region has rain at night in some places, sunny during the day. Temperature from 17-29 degrees Celsius.

Northeast region: no rain at night, sunny during the day. Temperature from 18-30 degrees Celsius.

Thanh Hoa – Thua Thien Hue area: in the North there is rain in some places; in the South there is rain at night, showers, locally heavy rain and thunderstorms, scattered rain during the day. Temperature from 21-29 degrees.

Da Nang to Binh Thuan area: In the North, there will be rain, showers at night, locally heavy rain and thunderstorms, scattered rain during the day; in the South, there will be showers and thunderstorms at night in some places, sunny during the day. Temperature from 22-32 degrees.

Central Highlands in the evening and at night there will be showers and thunderstorms in some places; sunny during the day. Temperature from 18-30 degrees.

In the South, there will be showers and thunderstorms in some places in the late afternoon and at night; sunny during the day. Temperature from 23-34 degrees.

Vietnam’s “Underwater Forest”: Pristine, Poetic Beauty with Tours Under 500,000 VND

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Every year, this place attracts hundreds of thousands of tourists to visit and experience. The beautiful scenery of the “undersea forest” makes anyone admire.

Da Nang Hosts 20-Day Christmas Festival for the First Time

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On November 19, Da Nang’s Department of Tourism announced the city’s inaugural “Christmas and New Year Festival 2025,” a 20-day celebration set to run from December 14, 2024, to January 2, 2025. The festival will take place across three main locations: the North Landscape Platform, the East Bank of Dragon Bridge, and the South and West Banks of Dragon Bridge.

The event will feature a diverse range of cultural, tourism, and entertainment activities aimed at creating unique experiences for locals and visitors as they welcome 2025.

Nguyen Thi Hoai An, Deputy Director of Da Nang’s Department of Tourism, emphasized that the festival represents not only a vibrant seasonal celebration but also an opportunity to showcase Da Nang’s rich cultural and artistic values to both domestic and international guests. She stated, “This festival is more than a one-time event—it’s the foundation for an annual tradition that will enrich Da Nang’s cultural life and make it an appealing year-end destination.”

The festival will officially kick off on December 20 with a vibrant opening event from 5 PM to 10 PM at the North Landscape Platform on the East Bank of Dragon Bridge. A special artistic program will combine the festive ambiance of Christmas with live performances, and a dynamic display of lights, visuals, and sound effects.

One of the main highlights will be the “Join Santa’s Parade,” beginning at 7 PM on December 20. The parade will start at the Bach Dang Walking Street and lead to the Christmas Tree of Lights on the North Landscape Platform of the West Bank. Participants, including tourism businesses, residents, and visitors, will dress in Christmas costumes and enjoy dance and singing performances along the route.

With an extensive lineup of activities, the 2025 Christmas and New Year Festival is poised not only to be a memorable holiday celebration but also to lay the groundwork for an annual event that enriches Da Nang’s cultural landscape and draws international visitors to the coastal city each year-end season.

MARA Holdings Upsizes Convertible Notes Offering by $150M Amid Overwhelming Investor Demand

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The second-biggest publicly traded bitcoin holding company is looking to increase its token stash and pay off existing debt.

MARA Holdings (MARA) has increased its previously announced convertible note offering from $700 million to $850 million.

It has also raised the option for initial purchasers to acquire extra notes to $150 million from $105 million. The offering is expected to close on Nov. 20, and is a private offering directed at qualified institutional buyers.

The notes maturing on March 1, 2030, will not bear regular interest and can be converted into cash, shares of MARA’s common stock, or a combination of both at MARA’s discretion.

The initial conversion price is approximately $25.91, which is a 42.5% premium over MARA’s current stock price, which is currently $18.18.

The proceeds are estimated to be around $833 million, with $199 million being used to repurchase the $212 million of MARA’s existing convertible notes for 2026. The rest will be allocated for bitcoin (BTC) acquisition, asset expansion, and general corporate purposes.

MARA is the second largest publicly traded holder of bitcoin, holding 27,562 BTC. This announcement comes after several other bitcoin holders companies, specifically MicroStrategy (MSTR) and Semler Scientific (SMLR), purchased more bitcoin.

MARA’s shares are up nearly 2% in pre-market trading after falling nearly 14% on Monday.

SOL Looks Set to Outperform BTC as Solana-Based DEXs Register Record $41B in Trading Volume: Godbole

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The bullish technical setup is backed by record trading volumes on Solana-based decentralized exchanges (DEXs).

It’s said that the best trades occur when the tape, or the direction of the price trend, aligns perfectly with the fundamentals. The solana-bitcoin (SOL/BTC) ratio appears to be one of those rare cases, showcasing a solid bullish price pattern supported by equally impressive activity on the Solana blockchain.

Price Breakout

The SOL/BTC ratio rose over 1% last week, moving out of a narrowing price range, referred to as triangular consolidation in technical analysis.

The breakout indicates that the bulls are finally willing to lead the price action, having been in a stalemate with the bears for eight months. In other words, a sustained uptrend looks likely.

The Moving average convergence/divergence (MACD) histogram, a indicator used to identify trend changes and strength, has crossed above zero, indicating a renewed bullish shift in momentum.

Fundamentals validate breakout

Whether Solana will ultimately replace Ethereum as the top smart contract blockchain remains a hot topic of debate. However, one thing is clear: Solana has established itself as the go-to-place for retail investors to trade memecoins, as evidenced by the surge in trading volumes which supports the bullish outlook for SOL.

Solana-based decentralized exchanges (DEX) have registered cumulative trading volume of $41.6 billion in the seven days to Nov, 17, more than double the preceding week and the highest on record, according to data source Artemis.

The Solana blockchain alone did more volume than Ethereum, Base and BSC’s cumulative DEX activity of $37.9 billion, of which Ethereum accounted for $14.3 billion while the rest did over $11 billion each.

Furthermore, Solana continues to compete the rivals in terms of free revenue despite known for being relatively cheaper than Ethereum. For instance, the Solana-based decentralized exchange Raydium has generated $72.83 million in fees in seven days – that’s 8% more than Ethereum’s $67 million, according to DefiLlama. BTC, meanwhile, has generated a fee revenue of around $15 million in seven days.

Prudential ghi dấu ấn với khách hàng qua những khoảnh khắc “Sống lại tiếng yêu đầu” tại đêm nhạc Michael Learns To Rock tại Việt Nam.

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Trong cương vị Nhà Đồng Tài Trợ của đêm nhạc Michael Learns To Rock – “Take Us To Your Heart Tour” diễn ra vào tối 17/11, Prudential Việt Nam mang đến một cảm xúc âm nhạc hoài niệm và tái khẳng định cam kết đem lại trải nghiệm tốt nhất cho Khách hàng.

Hoạt động này nằm trong khuôn khổ chiến dịch “Sống Lại Tiếng Yêu Đầu” của Prudential dành cho Khách hàng Kênh Hợp tác, nhằm gợi nhắc về một miền ký ức cảm xúc đáng nhớ của thời thanh xuân, như những giai điệu bất hủ từ Michael Learns To Rock.  

Sân khấu ấn tượng tại đêm nhạc mang đến cảm giác hoài niệm về một miền ký ức cảm xúc đáng nhớ của thời thanh xuân, như những giai điệu bất hủ từ Michael Learns To Rock.

Đêm nhạc “Take Us To Your Heart” diễn ra ngày 17/11 tại Nhà thi đấu Phú Thọ, TP. HCM đánh dấu sự trở lại lần thứ tư của nhóm nhạc Michael Learns To Rock tại Việt Nam, thu hút hàng nghìn người hâm mộ cùng khách mời đặc biệt – ca sĩ Erik. Các khán giả nói chung và Khách hàng Prudential nói riêng cùng được hòa mình cùng không khí âm nhạc hoài niệm qua những bản hit vượt thời gian như 25 Minutes, I Still Carry On, Sleeping Child…  Đến với đêm nhạc, Khách hàng Prudential còn được trải nghiệm không gian đặc biệt tại khu vực booth của nhãn hàng, nơi họ có thể check-in và nhận ngay một combo quà tặng hấp dẫn, bao gồm quạt mát, nước uống và một bức ảnh polaroid lưu giữ khoảnh khắc đáng nhớ. 

Khu vực check-in riêng dành cho Khách hàng của Prudential tại sự kiện.

Một trong những Khách hàng Prudential được nhận vé tham dự, chị Bảo Trân (Phú Nhuận, TP. HCM) chia sẻ về cảm xúc của mình khi tham dự đêm nhạc: “Đây là lần đầu tiên mình và người bạn có cơ hội tham gia một đêm nhạc lớn như thế này. Những ca khúc của Michael Learns To Rock không đơn thuần chỉ là âm nhạc mà còn là những kỷ niệm đẹp, gợi nhớ những cảm xúc khó quên trong cuộc sống. Thật hạnh phúc khi được sống lại những khoảnh khắc ấy cùng hàng ngàn khán giả hôm nay.”

Chiến dịch Khách hàng “Sống Lại Tiếng Yêu Đầu” là món quà Prudential & các Ngân hàng Đối tác gửi đến Khách hàng nhằm gợi nhắc về miền ký ức đáng nhớ qua những thanh âm quen thuộc, và khẳng định sự đồng hành lâu dài của Prudential bên cạnh Khách hàng qua từng cột mốc của cuộc sống. Hoạt động đồng hành cùng đêm nhạc “Take Us To Your Heart” và các hoạt động truyền thông trên mạng xã hội như cuộc thi chia sẻ kỷ niệm về tiếng yêu đầu, các bài hát gắn liền với thế hệ thu hút sự quan tâm và tham gia đông đảo của Khách hàng chính là trạm cảm xúc đầu tiên của hành trình chiến dịch “Sống Lại Tiếng Yêu Đầu

Các thành viên của ban nhạc Michael Learns To Rock cháy hết mình trước hàng nghìn khán giả.

Trong thời gian tới, Prudential sẽ tiếp tục hành trình chiến dịch với chuỗi hoạt động đặc biệt dành riêng cho Khách hàng trong mùa lễ hội cuối năm. Với những món quà tri ân đầy ý nghĩa, Prudential cùng các Ngân hàng Đối tác mong muốn trở thành cầu nối, giúp các Khách hàng trao gửi “tiếng yêu” qua những món quà ấm áp cho bản thân và cho gia đình.

Nhiều năm qua, Kênh Hợp tác của Prudential Việt Nam không ngừng nỗ lực mang đến những trải nghiệm ý nghĩa cho Khách hàng qua nhiều chương trình âm nhạc giàu cảm xúc khác nhau. Có thể kể đến các đêm nhạc, từ “Hẹn Yêu” năm 2022 đến “Sống Lại Cảm Giác An” năm 2023, và đến năm 2024, Prudential tiếp tục hành trình cảm xúc với thông điệp trân trọng và bảo vệ những mối quan hệ quý giá, đồng hành cùng Khách hàng tận hưởng từng khoảnh khắc đáng nhớ. 

Thông tin chi tiết các hoạt động tiếp theo của chiến dịch Khách hàng “Sống Lại Tiếng Yêu Đầu”, vui lòng cập nhật tại đây.

Vietnam’s International Arrivals Projected to Reach 20-25 Million in Coming Years

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Vietnam’s tourism sector is poised for significant growth, with international arrivals expected to hit 20-25 million annually in the near future. According to IHG Hotels & Resorts, the country has already welcomed 14 million international visitors in the first 10 months of 2024 and is on track to close the year with 18 million arrivals, signaling a robust recovery from the impacts of the COVID-19 pandemic.

Rajit Sukumaran, Senior Vice President and Managing Director of East Asia-Pacific at IHG, affirmed that Vietnam’s tourism has fully rebounded to pre-pandemic levels. “The number of international tourists to Vietnam this year could reach 18 million, and this figure is expected to rise to 20-25 million in the coming years as demand for travel to Vietnam continues to surge,” he said.

Key factors contributing to the resurgence of Vietnam’s tourism sector include Visa Policy Reforms: Simplified visa processes to attract more visitors; Enhanced Air Connectivity: Increased flights linking Vietnam to major global markets; Innovative Tourism Offerings: Development of unique and diverse tourism products.

These advancements have solidified Vietnam’s reputation as one of the world’s most attractive travel destinations. The country has recently earned international recognition, ranking 8th among Asia’s most attractive and safe destinations, according to Best Diplomats, an international diplomatic training organization. Additionally, Travel Off Path highlighted Vietnam as one of Asia’s top destinations, and Time Out listed Vietnam as one of the “9 Safest Destinations in the World for Female Solo Travelers”, the only Southeast Asian country on the list.

Challenges and Opportunities

Despite this growth, industry experts highlight the need to address gaps in luxury travel offerings. Vivek Bhalla, Managing Director of Southeast Asia and Korea at IHG, noted a lack of high-end accommodations tailored to luxury travelers.

To meet this demand, IHG plans to expand its presence in Vietnam’s luxury and lifestyle segments. Upcoming developments include the launch of Vignette Collection in Hoi An; The debut of Hotel Indigo in Ho Chi Minh City, offering localized and personalized experiences.

Located in the center of Ho Chi Minh City, Tan Dinh Church is also a highlight attracting domestic and foreign tourists to visit, admire and take pictures.
Broader Hospitality Expansion

IHG is also expanding in other hotel segments to cater to diverse traveler needs: Crowne Plaza: Five new properties are in the pipeline; voco Hotels: The brand will debut in Quang Binh with the opening of voco Quang Binh Resort; Holiday Inn: The brand is set to expand with nine additional hotels across Vietnam, complementing its current locations in Ho Chi Minh City and Ho Tram.

Future Growth Prospects

IHG aims to double its presence in Vietnam, growing its portfolio from 16 hotels (4,800 rooms) to over 40 hotels (12,000 rooms) in the coming years.

“With Vietnam’s tourism showing strong growth potential, we are confident in our ability to scale our operations and meet the increasing demand across all market segments,” said Mr. Bhalla.

This expansion underscores global confidence in Vietnam’s position as a leading global tourism destination.

Why Hanoi Real Estate Attracts International Buyers?

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Vietnam continues to solidify its position as one of the top 10 best destinations in the world for expats, thanks to its stable economy, high safety standards, and appealing lifestyle. These factors have made Vietnam a favored location for work and settlement among international visitors, leading to a growing demand for apartment ownership in major cities like Hanoi and Ho Chi Minh City.

In the first half of 2024, over 1,000 apartments in Hanoi were sold to foreigners. Experts attribute this surge to several key factors, including competitive property prices, high investment potential, high-quality developments, and favorable policies that allow foreigners to own property in Vietnam.

The Rise of East Hanoi as a Prime Destination

East Hanoi has emerged as a hotspot for international buyers. The area boasts large-scale urban developments by leading investors, modern and synchronized infrastructure, low population density, and an upgraded transportation network. These features make it easy for residents to commute to Hanoi’s Old Quarter as well as neighboring industrial hubs such as Bac Ninh, Bac Giang, Dong Anh, and Hung Yen, which host numerous multinational corporations.

Adding to the appeal, the National Exhibition and Fair Center—a sprawling 90-hectare complex and one of the largest exhibition venues globally—began construction in August 2024. Scheduled for completion by July 2025, this landmark development is expected to drive economic growth in East Hanoi and further boost its real estate appeal.

Hanoi’s Long Bien bridge
Long Bien: A Haven for Foreign Buyers

Long Bien District, in particular, has drawn significant interest from foreign buyers due to its lush green landscapes, open spaces, affordable property prices, and legally secure projects. These factors address the common legal complexities foreigners face when purchasing property in Vietnam, making Long Bien an attractive and hassle-free choice.

A Magnet for Investors

As demand from international buyers continues to grow, developers are increasingly focusing on projects tailored to meet the living standards and preferences of foreign residents. Among these, the Khai Son City project stands out. With its modern living spaces, diverse amenities, and prime location, it has quickly become a focal point for both buyers and investors seeking opportunities in Hanoi’s thriving real estate market.

With its growing global appeal and strategic developments, Hanoi’s real estate market is poised to remain a key destination for international buyers in the coming years.

Three Swiss Men Raised the Vietnamese Flag on Notre Dame Cathedral in Paris 55 Years Ago.

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Disregarding danger, three young Swiss men climbed to the nearly 100-meter-high spire of Notre Dame Cathedral in Paris to raise the flag of the National Liberation Front of South Vietnam in protest against the war.

On January 19, 1969, the two-colored flag—blue and red with a yellow star in the center—flew atop the highest spire of Notre Dame, sparking widespread public attention. News agencies around the world reported on the appearance of the National Liberation Front’s flag at this iconic French landmark on the day of the preliminary session of the Paris Peace Talks. This conference involved four parties: the Democratic Republic of Vietnam, the United States, the National Liberation Front of South Vietnam, and the Republic of Vietnam, with the goal of ending the war and restoring peace in Vietnam.

Despite the risks, three young men from Switzerland returned to their hometown of Lucerne, more than 600 km from Paris, relieved after a harrowing 30-hour journey to raise a flag in support of a nation nearly 10,000 km away. They were Bernard Bachelard, 26, a physical education teacher; Noé Graff, 24, a law student; and Olivier Parriaux, 25, a physics student.

“We wanted to support the National Liberation Front of South Vietnam ahead of the Paris Peace Talks, discredit the Nguyễn Văn Thiệu government, and condemn war crimes,” recalled Olivier Parriaux, now 80 years old, as he shared the story on November 18 during his first visit to Ho Chi Minh City with Bernard from November 15-19.

Olivier explained that since the 1960s, strikes, protests, and calls to end the war in Vietnam had taken place globally, involving millions of participants. He and his friends were among those who felt compelled to take more decisive action. The opportunity arose in early 1969, with significant global events approaching, including the Paris Peace Talks (scheduled for January 25) and U.S. President Nixon’s inauguration (on January 20).

The three decided to raise the flag of the National Liberation Front of South Vietnam at Notre Dame Cathedral in Paris to make a statement. This 700-year-old landmark was a symbol of France, recognized worldwide. They planned to place the flag on the cathedral’s 94-meter-high spire.

Having never been to Notre Dame Cathedral before, the group studied its structure through books. Fortunately, they found an atlas with detailed diagrams of the cathedral, helping them identify a way to access the spire. Meanwhile, Bernard Bachelard’s wife sewed a 17.5-square-meter flag using silk fabric. Olivier noted that the flag’s size and material were carefully chosen to ensure it was thin, durable, light, and capable of fluttering well in the wind. They also devised a method for securing the flag during the climb while allowing it to unfurl with a single pull of a rope.

At 6 a.m. on January 18, the three left home in a car bound for Paris. By 6 p.m., when tourists had mostly left the area, they approached Notre Dame Cathedral.

Mr. Olivier Parriaux recounts the process of raising the flag on the spire of Notre Dame Cathedral in Paris on the night of January 18, 1969. Photo: Lê Tuyết

All three were slim and experienced climbers from the Alps, Europe’s highest mountain range. Among them, Bernard, the smallest but most agile as a physical education teacher, was tasked with raising the flag, assisted by Olivier. Noé Graff remained below to keep watch.

Bernard led the climb, followed by Olivier. Starting from the base of a tree, they scaled the cathedral’s roof, passed one bell tower, and reached the central roof leading to the spire. To get to the top, they had to navigate four statues of apostles and continue climbing inside the tower.

Despite their research, differences between the atlas and reality posed unexpected dangers. The distance from the first bell tower to the roof edge was described as one meter but turned out to be 2.5-3 meters. The gap required a running start to jump, which was impossible on the cathedral roof.

Bernard jumped first, crossing smoothly. Olivier followed but slipped, grabbing onto the roof edge just in time. Bernard quickly helped him up. “We were 36 meters above the ground—a height that could have been fatal if we fell,” Olivier recalled.

Another unexpected challenge was the size of the statues. The atlas described them as two meters tall, but they were twice that size. Additionally, the steep roofs offered little to hold onto. It took nearly an hour to pass the statues.

“We moved very slowly because the structure, built centuries ago, was no longer stable,” Bernard recounted. The higher they climbed, the narrower the spire became, until only a tight embrace could encircle it near the cross. At this point, Olivier stopped while Bernard continued inching upward to secure the flag.

“Winter winds were strong, and being nearly 100 meters above ground without safety gear made the cold even harsher,” Bernard recalled. “Our hands ached from gripping the rings, and our faces were blackened by years of accumulated rust.” However, the moment the flag unfurled atop the spire, all hardships were forgotten. “All we felt was pure happiness,” he said.

On their way down, Olivier used a saw to cut away the metal bars they had climbed to reach the spire. “I cut about 10 meters of bars, enough to prevent anyone from climbing up to remove the flag quickly,” he explained.

The flag-raising mission was completed by 2 a.m. on January 19. The group then took their horse-drawn cart straight to the offices of Le Monde newspaper to deliver a press release announcing that the flag of the National Liberation Front of South Vietnam was flying atop Notre Dame Cathedral.

However, their challenges were far from over. As they drove through a large square, they encountered a police patrol. “I thought all three of us would be arrested,” Olivier recalled. The situation in France was tense at the time, with local authorities actively cracking down on protesters.

“I was most worried for Bernard, as he worked for the government and was married, while Noé and I were just young bachelors,” Olivier said. Fortunately, when the police noticed their Swiss license plate, they smiled and waved them on, allowing the group to escape.

By 4 a.m., police near Notre Dame spotted the flag fluttering atop the spire and sounded the alarm. However, they were unable to climb the spire because Olivier had cut the access bars. It wasn’t until 3 p.m. that authorities brought in a helicopter to send personnel up to remove the flag.

Prof. Dr. Trinh Quang Phu, Director of the Oriental Development Research Institute, who was in Paris at the time as a journalist, recalled being deeply moved upon seeing the flag of the National Liberation Front of South Vietnam flying high.

“My colleagues and I, along with journalists from many countries, raised our cameras to capture the moment. It was truly special and filled with emotion. I wondered who the heroes behind this act were and where they came from,” Prof. Phu reminisced. The flag, fluttering in the wind, served as a rallying call for peace-loving people around the world to oppose the war.

While public opinion and the media were abuzz, the three Swiss men who raised the flag remained silent. According to Olivier, they initially kept their actions secret for safety reasons. Even after the U.S. withdrew its troops and peace was restored in Vietnam, the group refrained from speaking out, believing, “What we did was insignificant; what mattered was the impact of the event at the time.”

However, five years ago, when Notre Dame Cathedral in Paris was devastated by a fire, the group was deeply moved as they watched the iconic spire burn and collapse into the flames. They felt compelled to share their story as part of the cathedral’s history. The group authored a book, Le Viet Cong au sommet de Notre-Dame (The Viet Cong Flag on the Spire of Notre Dame), detailing the event.

Fifty-five years later, at the invitation of Nguyễn Văn Nên, Secretary of Ho Chi Minh City’s Party Committee, two of the three men visited Vietnam—the country they had quietly supported and fought for in their own way.

“During our days here, visiting many places, we’ve realized how deeply the war’s aftermath still lingers,” Olivier said. He pointed out the continuing dangers of unexploded ordnance, which still claims lives, and the enduring impact of Agent Orange on people and Vietnam’s natural environment.

As a result, the group has committed to a new fight: advocating for justice for Agent Orange victims. They plan to support this cause by raising funds and seeking legal assistance for those affected.

Source: vnexpress.net (By Lê Tuyết)

Missed BTC Rally to $93K? Bitcoin Memecoins Could Be Next to Watch

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While on-chain metrics show no uptick in Runes protocol on chain metrics as of Monday, these typically follow social activity and narratives, with prices leading afterward.

Bitcoin-based memecoins are gaining traction among some crypto traders on X as a beta bet on bitcoin (BTC) amid its surge to lifetime peaks, making the sector a hot narrative to watch for everyday traders.

Tokens such as PUPS, DOG•GO•TO•THE•MOON (DOG), BILLION•DOLLAR•CAT (BDC), MEME, among others, have gained as much as 35% in the past 24 hours to lead gains among all tracked categories, CoinGecko data shows. Smaller tokens such as CYPHER•GENESIS (CYPHER) has risen over 77%.

The market capitalization of Runes tokens, the protocol that supports these assets, have flipped BRC-20 (another Bitcoin-based protocol) in the past 24 hours, data shows.

Such moves came as BTC added more than 30% in the past 30 days on the back of Republican Donald Trump’s presidential election, boosting sentiment and growth across the sector for his pro-crypto stance.

Runes were created earlier in 2024 to facilitate the creation and management of fungible tokens on Bitcoin. Runes allow users to create fungible tokens, which are interchangeable digital assets similar to how Bitcoin itself or Ethereum’s ERC-20 tokens function.

These utilize Bitcoin’s Unspent Transaction Outputs (UTXOs) model. Each UTXO can hold any amount of various Runes, making the management of tokens more aligned with Bitcoin’s native structure, potentially reducing network congestion caused by “junk” UTXOs from other token standards like BRC-20.

Data, however, show no uptick in Runes protocol on chain metrics as of Monday. Onchain metrics typically follow social activity and narratives, with prices leading afterward.

Beta bets are a way to gain exposure to a network, ecosystem or asset using related tokens. Since early 2023, memecoins have emerged as the preferred beta asset for various ecosystems, such as Ethereum or Solana, which has contributed to their appeal among investors.

Interest in memecoins generally comes amid low market volatility in more serious crypto sectors, such as layer-2s or storage, and rising negative sentiment around tokens backed by venture capital funds – which are increasingly perceived as overpriced and a bad bet for retail traders.

The focus on meme coins to bet on growth isn’t unique to Bitcoin. Several Solana-based meme coin tokens surged from December 2023 to March as the network’s SOL tokens took off – contributing to ecosystem growth and attention — while fuelling the mothership’s prices.

Kraken, Tether-Backed Dutch Firm Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins

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The issuance comes at a time when the European stablecoin market is poised for a shake-up as regulations for issuers will enter into full force by the end of this year.

As stablecoins gain traction, Netherlands-based fintech firm Quantoz aims to take a slice of the European market.

The company will issue the regulatory-compliant stablecoins pegged to the euro (EURQ) and U.S. dollar (USDQ) on the Ethereum blockchain. The tokens are fully backed by fiat reserves and highly-liquid financial instruments like government bonds, the firm said on Monday.

The firm has obtained the Electronic Money Institution (EMI) license from the Dutch Central Bank, a necessary requirement for stablecoin issuers to operate in the EU. Quantoz has secured investments from venture capital firm Fabric Ventures, crypto exchange Kraken and stablecoin behemoth Tether, though it didn’t disclose the size of the fundraising round.

EURQ and USDQ will first be listed on Bitfinex and Kraken and available for trading to eligible users starting Thursday.

Stablecoins, are tokens pegged to fiat currencies, have grown to a $180 billion asset class within cryptocurrencies and are a key piece of infrastructure for the digital asset market. They serve as liquidity to buy and sell crypto on exchanges, and are getting increasingly popular for everyday payments and remittances due to cheaper and faster settlements on blockchains compared to traditional banking rails.

Quantoz’s rollout comes at a time as crypto businesses in the EU are in crunch time before region-wide rules (MiCA) to operate within the trading bloc will enter into full force by the end of this year. MiCA requires stablecoin issuers to get compliant or potentially retreat from the market of 450 million consumers as regulated players such as exchanges delist unauthorized tokens. While Circle, the company behind the $36 billion market cap USDC, said that it fulfilled the requirements to operate in the region Tether has been a vocal critic of the new rules and is yet to obtain the necessary licensing.

“There’s a gap in the stablecoin market here in Europe, and we see that as an opportunity,” Arnoud Star Busmann, CEO of the firm’s payments-focused subsidiary Quantoz Payments, said in an interview with CoinDesk. “We are confident that our tech and regulatory compliance put us in a good position to fill that gap, especially now that we have strong partners like Kraken and Tether.”

Stablecoins can be impactful in areas where traditional banking infrastructure falls short, such as high-volume, low-value transactions, Busmann said. “Imagine being able to move cash in and out of money market funds without the traditional delays of.

Quantoz also has a tokenization business, a red-hot trend in crypto of creating digital versions of traditional financial instruments such as bonds. Tokenized assets combined with stablecoins can also offer a more efficient way for businesses and institutions to manage their treasury, thanks to their near-instantaneous settlement instead of one or two days of delay, he explained.

“We are building an ecosystem that can support a wide range of use cases, from everyday payments to more complex financial transactions,” Busmann said.

Ky Duyen Shines in “Ngoc Diep Ky Nam” National Costume at Miss Universe 2024

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On November 15 (Hanoi time), 127 contestants at Miss Universe competed in the semifinal event held at Arena CDMX, Mexico. The event opened with the National Costume round, with contestants walking in alphabetical order as the emcees introduced each unique costume and its inspiration.

Ky Duyen appeared near the end, wearing a traditional Nhat Binh robe adorned with intricate embroidery and glistening stones. Her costume unfolded into a striking “cocoon-to-butterfly” effect as she walked, symbolizing Ky Duyen’s transformative journey through life’s challenges toward a brighter future. Her performance drew enthusiastic cheers from the audience.

Ky Duyen’s costume presentation quickly went viral on Facebook, receiving praise for her poise and timing. Comments included, “Opening the umbrella just as they announced Vietnam – stunning!” and “After seeing others perform, Ky Duyen truly stood out.” Many praised the costume’s elegant, distinctive design, noting its balance of traditional Vietnamese identity and modern aesthetics. “It wasn’t overly elaborate but beautifully represented our heritage,” one fan remarked.

Designed by Dang Tran Tri with guidance from Nguyen Minh Cong, the “Ngoc Diep Ky Nam” outfit was inspired by the butterfly umbrella from Vietnam’s Nguyen Dynasty in the 20th century. This historical piece reflects the meticulous craftsmanship of past artisans, once used as wall decorations and symbols of longevity in noble households.

The costume features pink, purple, and blue hues, with butterfly patterns meticulously arranged across the wings to create a dynamic, moving canvas as Ky Duyen walked.

Ky Duyen shared that her vision for the costume involved three elements: celebrating Vietnamese culture, sharing a personal narrative, and capturing modern fashion. The team spent a week crafting the piece, mostly by hand. Ky Duyen packed the costume herself among other essentials for her journey at the end of October. On November 9, she briefly lost the costume while traveling but recovered it within two days.

Vietnam has a history of making a memorable impact in the National Costume round with creative costumes such as the “Banh Mi” (H’Hen Nie – 2018) and “Vietnamese Iced Coffee” (Hoang Thuy – 2019).

Which international markets contribute the most tourists to Vietnam?

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The group of 10 international tourist markets to Vietnam in the first 10 months of 2024 has seen changes, with South Korea becoming the largest sending country.

According to the National Tourism Administration, in the past 10 months, there were more than 14.1 million international visitors to Vietnam, an increase of 41.3% over the same period last year. In October 2024 alone, Vietnam welcomed 1.42 million international visitors.

In terms of market size, Asia contributes nearly 80% of the total number of international visitors to Vietnam. The four major markets in Northeast Asia, including China, South Korea, Taiwan, and Japan, contribute nearly 60%.

Among the 10 largest markets for Vietnamese tourism, South Korea is the largest market sending visitors with 3.7 million arrivals (accounting for 26.4%), surpassing China in second place, reaching 3 million arrivals (accounting for 21.3%). Visitors from Taiwan ranked third (1 million arrivals), the US ranked fourth (637,000 arrivals), and Japan ranked fifth (585,000 arrivals). Followed by Australia, India, Malaysia, Cambodia, and Thailand.

The National Tourism Administration said that major markets in Northeast Asia were the main drivers of the growth in international arrivals. In particular, the Chinese market increased by 130.4% compared to the same period in 2023, followed by South Korea (up 28.5%), Japan (up 24.8%), and Taiwan (up 59.4%).

Nearby markets in Southeast Asia grew well, including Indonesia (85.5%), Philippines (64.5%), Laos (13.9%), Cambodia (12.1%), Malaysia (5.5%), Singapore (4.7%).

Many European tourist markets have grown well, especially those markets that enjoy a unilateral visa exemption policy to enter Vietnam with a temporary stay of up to 45 days, effective from August 15, 2023. Specifically, Italy increased by 54.5%, France (30.5%), Germany (23.6%), Spain (23.3%), UK (20.4%) or Russia (81.5%)…

The National Tourism Administration expects that, with the motivation from the open visa policy, along with the vibrant promotion and advertising activities in the last months of the year, the number of international visitors to Vietnam will continue to grow positively in the coming time.

Donald Trump’s second term policies: The good and bad for Vietnam’s science and technology sector

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Dr Sreenivas Tirumala, a senior lecturer of Information Technology at RMIT University Vietnam, previews some notable impacts that the second Trump administration might have on the digital and technological development of Vietnam.

The cooperation of the US is necessary for most developing countries, including Vietnam, to advance in science and technology, due to the huge capabilities and influence the US boasts in these domains. However, recent reports indicate that President-elect Donald Trump is coming up with stringent technology export policies that might impact Vietnam’s technological advances, particularly with artificial intelligence and cyber security. 

Though the likelihood of continuing the technological cooperation agreements signed by businesses from both countries in September 2024 is high, the new policies around ‘America First’ – emphasising design, development and manufacturing in America – may impact technology transfer through offshore technological and services industries that are planning to invest in Vietnam. 

Cyber security cooperation: What is expected? 

Vietnam is an important partner for the US due to its strategic location. This implies that Vietnam will not have to be “self-reliant” when it comes to cyber security, which is one of the biggest problems that the country is facing. 

The US can provide the necessary technologies to help Vietnam tackle this threat, which could help the US monitor various common threat actors.  As decentralised cyber resilience networks are emerging, the US may consider investing in cooperation with Vietnam. 

Cooperation for digital transformation: This is the right time.

Digital transformation is progressing at a good pace in Vietnam, including in e-government development. However, several areas still need automation, particularly in service industries, which US tech giants like Microsoft would be interested in pursuing. 

While key fields like agriculture, manufacturing, and oil and gas could be improved through digital transformation, cooperation in these areas seems unlikely due to the in-country manufacturing and ‘Drill, baby, drill’ policies of Donald Trump, which encourage American companies to move back to the US or start new manufacturing domestically. Therefore, minimal, if any, support is expected in these areas in terms of technology transfers. 

Artificial intelligence for social causes:  An emerging area of partnership

The US has been a world leader in technological advancements, particularly artificial Intelligence (AI). As Vietnam is an emerging nation in AI, technological cooperation and transfer are very important. There is no specific mention of AI-based implementations or support in Donald Trump’s policies. However, recent developments in other technological cooperation suggest that the US may be interested in investing (and testing) their AI-based technologies for disaster management and natural calamities in Vietnam. 

Seeking support in areas like air pollution and weather forecasting will be a win-win for both the US and Vietnam. The US would have the opportunity to test their new equipment and AI-based models in Vietnam before implementing them on a large scale back home. 

However, given Donald Trump’s stance on climate change, the implications for cooperation in this arena remain uncertain.

In conclusion, considering past experiences along with the current stance of President-elect Donald Trump, a positive trend towards technology and knowledge sharing is expected, despite some potential limitations.

Story: Dr Sreenivas Tirumala, Senior Lecturer of Information Technology, RMIT University Vietnam

ENDS

Elon Musk Joins Trump Administration to Lead Aggressive Government Cost-Cutting Efforts

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The co-head of the Ministry of Government Efficiency, Elon Musk, is famous for his aggressive cost-cutting policies at his private companies, including SpaceX, Tesla, and X. President-elect Donald Trump invited Elon Musk to co-lead the Ministry of Government Efficiency alongside entrepreneur Vivek Ramaswamy to reduce government spending.

At companies like X, Tesla, and SpaceX, Musk is renowned for his rigorous work culture and drastic cost-cutting measures.

A long-time executive at Tesla, who resigned in August, wrote on LinkedIn that working there was an “extraordinary” experience but “not for the faint-hearted.”

Ending Remote Work and Free Lunches

A few weeks after acquiring Twitter (now X), Musk sent an email at 2:30 AM in November 2022, announcing the end of remote work because “the road ahead is arduous and requires intense work to succeed.”

He also required employees to pay for previously free office lunches, mentioning an 80-hour work week.

That same month, Musk laid off about half of Twitter’s approximately 7,500 employees.

In a midnight email, he gave the remaining employees an ultimatum: work diligently or be fired with three months’ severance.

When Twitter employees criticized Musk online and in internal Slack messages, he fired them.

 Firing 10% of Tesla Staff at Midnight

Tesla’s employee handbook sets very high standards, requiring self-reliance and doing whatever it takes to solve problems, even directly contacting Musk.

“Your number one job—and everyone’s—is to make this company successful… If you see an opportunity to improve how we work, speak up, even if it’s outside your responsibility… Good ideas mean nothing if kept to yourself,” the Tesla handbook reads.

In 2018, Musk said he slept on a couch and the factory floor at Tesla for many nights as the company ramped up production of the Model 3 sedan. He explained that he wanted to suffer more than anyone else in the company.

At the 2022 Baron Investment Conference, Musk shared that he lived at Tesla’s factories in California and Nevada “for three consecutive years” to inspire employees to “give their all” and show them that he was also working hard.

In April, Tesla announced the layoff of 10% of its workforce to cut costs in a midnight email. This followed a report of an 8.7% year-over-year revenue decline.

Firing SpaceX Employees to Streamline Operations

In 2019, Musk laid off 10% of SpaceX employees in an effort to “become a leaner company.”

Vincent Peters, a former SpaceX employee, described the work culture there as “ruthlessly efficient,” where people are encouraged to leave meetings where they do not add value.

He recounted an incident where a government customer brought a 50-slide presentation, and after just 6 slides, 75% of the room had left. The customer then had to “fast-forward” to the last 5 slides.

Jim Cantrell, former Vice President of Business Development at SpaceX in the early 2000s, said that working with Musk could be a great experience if one shared his vision and could handle a boss who demands complete dedication.

Additionally, SpaceX has been striving to develop a fully reusable rocket system to reduce launch costs by a factor of ten.

In October, during the fifth test flight of the Starship rocket, the Super Heavy booster successfully returned to the launch site, marking a significant step in reducing space travel costs.

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