ARK Bought $17.8M of COIN, $11.2M of HOOD as Market Slumped

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COIN lost 7.3% on Monday to close at $189.47 amid a market sell-off in which crypto and global stock markets experienced one of their sharpest losses in recent years.

ARK Invest took advantage of Monday’s massive market slump to make its first purchases of Coinbase (COIN) and Robinhood (HOOD) shares in months.

Cathie Wood’s investment management firm bought $17.8 million of COIN, its first purchase of the crypto exchange’s stock since June 6 2023 when it bought $21.6 million worth.

ARK also added $11.2 million of crypto-friendly online brokerage Robinhood shares, the first time it has bought HOOD since Feb. 13.

COIN lost 7.3% on Monday to close at $189.47 amid a market sell-off in which crypto and global stock markets experienced one of their sharpest losses in recent years. HOOD lost 8.17%, falling to $16.42.

ARK Invest often loads up on shares when their prices slide, usually with a view to offloading them one their prices tick up again. The company aims to avoid having one particular holding accounting for a weighting of more than 10% of any of its exchange-traded funds (ETFs), which drove much selling of COIN in recent months.

Following Monday’s purchases, COIN accounts for 8.55% of ARK’s Innovation ETF (ARKK), 6.73% of its Next Generation Internet fund (ARKW) and 9.72% of its Fintech Innovation ETF (ARKF).

Ethereum ETFs Scored $49M Inflows as ETH Plunged

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ETH bounced over 18% in the past 24 hours to reverse losses from a steep fall on Monday, with some drawing eyes to the blockchain’s fundamentals.

U.S.-listed spot ether (ETH) exchange-traded funds (ETFs) recorded net inflows of nearly $49 million on Monday amid a 20% drop in its price, showcasing demand for the second-largest token by market capitalization.

Ether price cratered as much as 20% on Monday in its biggest one-day price fall since 2021 as prominent crypto trading firm Jump Crypto moved large amounts of the asset to centralized exchanges in preparation for potential sales. A broader crypto market haircut contributed to the selling pressure, with over $340 million in ETH futures liquidations adding to traders’ wounds.

Professional investors bought the dip, however. Data tracked by SoSoValue shows ETH ETFs traded over $715 million, the highest since July 30. BlackRock’s ETHA led inflows at $47 million. Fidelity’s FETH and VanEck’s ETHV recorded $16 million in inflows each.

Grayscale’s ETHE was the only product with outflows at $46 million, while the provider’s smaller Ethereum Mini Trust (ETH) recorded inflows at $7 million.

However, since they first went live for trading on July 23, the products have recorded net outflows of $460 million, indicating that long-term demand for ETH ETFs has yet to fully appear. Bitcoin ETFs, in contrast, recorded over $1 billion in net inflows within their first 12 days of trading.

ETF flows help identify market trends and they broadly show where investors are putting their money.
Meanwhile, some market observers pointed out that applications built on the Ethereum network showed resilience amid the steep declines – a sign of strong fundamentals.

“Ether’s disproportionate price drop was largely driven by the Jump Crypto sell-off and liquidation of other whale wallets,” Alice Liu, lead researcher at CoinMarketCap, told CoinDesk in an email. “On a positive note, LSDFi stood up to the stress test: there’s been no major increase in Lido’s withdrawal queue, and no liquid staking depends on different projects.”

LSDFi refers to liquid staking derivatives finance, a colloquial term for staking and derivatives. The process refers to a set of blockchain-based activities that allow users to earn rewards while maintaining liquidity through derivative tokens.

“Another silver lining for ETH is that the recent liquidation seems to have revived the DeFi market, where activities on DeFi started to pick up significantly on the network. Gas fee has also fallen back to a more manageable level of 10-15 Gwei post the 370 Gwei recorded today,” Liu noted, referring to the fees that users pay to use the Ethereum network.

The Ultimate Guide on How to Get Jeans Manufactured in Vietnam

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The denim scene in Vietnam is growing strong, positioning the country as one of the biggest players in the world of denim. With a rich history in fabric making and strategically located geographically, Vietnam has emerged to be one of the major hubs for denim manufacturing.

This article will delve into the latest trends, innovative practices, and essential connections one must explore at the Denimsandjeans Vietnam Fair. Be it an entrepreneur or just a denim lover, this guide unveils the world of Vietnamese denim in every aspect.

Denim Industry in Vietnam on the Rise

Although being buffeted by global challenges, Vietnam’s apparel industry has shown steady growth. As of 2024, Vietnam aims to grow its textile and apparel exports to $44 billion. The United States is the largest importer of Vietnamese textiles and apparel, followed by Japan, South Korea, and the European Union.

All this has been made possible by close to 4,000 garment factories in Vietnam supporting this growth with 2.5 million employees; these have established Vietnam as a real force to be reckoned with in the manufacturing of denim.

>> Related article : The Best of ‘Made in Vietnam’ products for Sourcing

Exploring the Denimsandjeans Vietnam Fair

The Denimsandjeans Vietnam Fair is an important event in the industry of denims. The sixth edition in Ho Chi Minh City on June 26-27, 2024, with leading denim manufacturers from over ten countries participating in the fair, indicates high promise.

The sixth edition of its series organized by Balaji Enterprises of India promises to be an event that will showcase the trends at large and innovations in denim fashion—particularly sustainable development in the sector.

Latest Trends in Vietnamese Denim

  • Sustainability is at the forefront of Vietnam’s denim industry. More mainstream use of eco-friendly materials, such as organic cotton, recycled fibers, and hemp: More manufacturers are starting to apply low-impact dyeing techniques that also curb water use and chemical waste. Technologies: applied sciences like natural dyes and laser technology are used for color application.
  • The fair reveals a very interesting vintage revival, where retro silhouettes, high-waisted mom jeans, flared bottoms, and wide-leg styles come back into the mix with a renewed stylish flair. The fraying and distressing have a special flair, like it’s weathered many years of love.
  • Comfort knows no compromise in denim fashion; there is stretch denim and athleisure fusion for unlimited movements. From jeggings and slim-fit jeans with just a touch of stretch to denim joggers and track-inspired styles with elastic waistbands, designs are becoming all about comfort.
  • The involvement of technology in denim is another burgeoning trend. Smart fabrics feature moisture wick, UV protection, and antibacterial finishes—just to name but a few. Denim that changes according to the temperature: it can keep you warm in winter, and cooler during the summer months.
  • The rise of gender-fluid denim styles supports the idea that everyone should be able to dress the way they want to dress. Oversized jackets, boyfriend jeans, and unisex designs are growing trends, breaking free from the conventional principles of gender.

>> Related article : How do I find the best Vietnam buying offices for SMEs?

Key Styles at the Fair

  1. Loose n’ Loose: For individuals who enjoy comfort with a sense of relaxed fashion style, the Loose n’ Loose offers its wearers room to breathe and laze. Pair them with oversized tops or cropped tees to achieve that trend look with less effort.
  2. Performanz: Fashion + Function – Jeans with active lifestyles. These jeans can be worn while working out and traveling, or during the hustle and bustle of daily schedules.
  3. Hygene: Hygene’s jeans are also environmentally conscious, emphasizing the use of such materials as organic cotton and recycled fibers. These are the ultimate pair for maximum looks with minimum footprint.
  4. Minimalist: Minimalist design that says crisp and timeless for everywhere and all occasions. Their versatile design allows mix and match in numerous ways to turn into a closet staple.
    How to Reach Out to the Denim Suppliers of Vietnam

How to Reach Out to Denim Suppliers ?

This trade show makes it possible to get in touch with a large number of denim mills, garment factories and the supplier directly. As a buyer, you can ask for fabric samples, measure production capabilities, and negotiate term sheets directly with potential manufacturers.

>> Related article : How do I find the best sourcing agents in Vietnam?

Engaging sourcing agents with existing contacts in the denim industry will save you time and help you discover perfect matches for partnerships. They will cooperate with quality control, logistics, and other such functions in the overall sourcing process to make your partnership smooth and effective.

Global Stock Sell-Off: Rising Yen and BOJ’s Rate Hikes

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The BOJ’s recent rate hikes, the first in 17 years, have ended the 0% interest rate policy, causing the Yen to strengthen. As the Yen appreciates, investors face pressure to sell assets like US stocks and bonds to cover Yen loans, exacerbating market instability.

Additionally, poor US employment data has heightened recession fears, prompting investors to seek safe-haven assets like the Yen. This has further fueled market volatility.

Experts suggest that while the current market adjustment is significant, it may not have a long-term impact, especially as many global enterprises report strong Q2 results. The situation remains dynamic, with future BOJ policy decisions likely influencing global markets.

How Vietnamese Travellers Plan Their Trips

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Everyone plans their holidays differently. While some Vietnamese travellers prioritise securing the ideal flight deal first, others crave the comfort of booking their accommodation before planning the rest of their travel itinerary.

Booking.com’s Travel Trends for 2024 unveils interesting insights into the mindset and behaviour of Vietnamese travellers when they plan their trips. The data reveals a strategic approach to booking travel with a focus on securing essential elements like flights and travel insurance in advance while leaving room for spontaneous activity bookings throughout the trip.

Accommodation as a booking base: While accommodation is an important aspect of travel planning for Vietnamese individuals and acts as a central point around which other elements of their trip are organised, it may not always be their initial focus when beginning to book elements of their trip. While 35% travellers prefer to arrange their flights and accommodation simultaneously, the majority (52%) prioritise securing their flights first due to limited availability or fluctuating prices. Only 12% purchase flights after confirming their accommodation.

Planning for peace of mind: A majority of Vietnamese travellers prioritise securing flights (52%), train tickets (45%) and travel insurance (53%) before booking their accommodation to ensure they have a smooth journey and avoid the stress of last-minute scrambling for seats.

Event Enthusiasts plan early: Similar to flights, half (50%) of our surveyed travellers prioritise booking event tickets before accommodation. This proactive approach ensures access to desired experiences and highlights their forward-thinking in planning activities for their destination.

Restaurant reservation: While some Vietnamese travellers plan meals in advance, many make restaurant reservations throughout their trip and when they are already at their holiday destination. This approach keeps options open for spontaneous discoveries, allowing them to explore hidden gems and local delights during their travels.

Taxis: Taxis are the most flexible option, with 37% booking their rides during their trip, reflecting that travellers still prefer to have flexibility and favour the ease of hailing rides on the go.

In summary, Vietnamese travellers demonstrate a balanced mix of pre-planning and flexibility. Their approach to trip planning highlights a desire for both security and the freedom to explore, making their travel plans both thorough and continuously adaptable.

Varun Grover, Country Head, Vietnam at Booking.com comments, “Booking.com’s Travel Trends provides valuable insight into the travel planning behaviour of Vietnamese travellers. By understanding these preferences, the travel industry can tailor their offerings to cater to different planning styles and preferences – and at the right time across the traveller journey. Whether it’s the meticulous planner or adventurous improviser, Booking.com is committed to making it easier for everyone to experience the world the way they want to.”

Phenikaa University Enhances Collaboration in the Semiconductor Industry

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Phenikaa University is honored to welcome Mr. Marc Evans Knapper – U.S. Ambassador to Vietnam on an official working visit on August 2, 2024. This visit marks an important step forward in the development of international cooperation of Phenikaa University with U.S. partners with the support of the U.S. Government through the U.S. Embassy in Vietnam.

Education – Training as one of the focuses in the Vietnam – United States partnership

Diplomatic relations between Vietnam and the United States have undergone a remarkable journey since normalization in 1995. For nearly three decades, the two countries have continuously strengthened and developed their bilateral relationship, gradually overcoming differences to become a comprehensive partner in many fields, marked by upgrading the relationship to a comprehensive strategic partnership in 2023.

Regarding education and training cooperation, by 2023, Vietnam has had about 50 joint training programs with the United States.

The U.S. government has about 30 study exchange programs with Vietnam. Cooperation between the two sides does not only stop at creating conditions for Vietnamese students to study in the United States, but the United States also implements many programs to support the development of Vietnamese education through the U.S. Agency for International Development (USAID).

During the working visit, Mr. Marc Evans Knapper visited Phenikaa University’s facilities, Phenikaa Semiconductor Training Center (PSTC) and the Applied BioMedical Research Center (ABMC).

Phenikaa University cooperates with U.S. organizations/ businesses in many aspects

In recent years, Phenikaa University has gradually asserted its position on the domestic and international educational map with positive contributions to the development of education and scientific and technological research. In particular, close cooperation with U.S. partners has brought Phenikaa University significant achievements, contributing to improving the quality of training and research of the University. The details are as follows:

Regarding training, Phenikaa University signed a Memorandum of Understanding (MoU) with Arizona State University (ASU) to implement the BUILD-IT Project in 2022. Accordingly, 162 lecturers have participated in advanced training courses for capacity improvement within the framework of the Project; 03 lecturers have obtained international certification; 05 training programs in the Technology and Engineering Disciplines Group are preparing to meet ABET accreditation standards; 18 leaders and lecturers have participated in the training on digital teaching methods in higher education; 200 have students participated in the BUILD-IT’s project-based learning (PBL) programs.

Regarding scientific research, Phenikaa scientists have collaborated with scientists from two U.S universities, i.e., the University of Georgia and the University of South Florida, to have publications in world-prestigious scientific journals such as: Advanced Optical Materials, Material Horizons, Scientific reports… In particular, the project “Application of vetiver grass at a practical scale to treat dioxin contaminated soil at Bien Hoa Airport” by Dr. Ngo Thi Thuy Huong has cooperated with United States Geological Survey (USGS). The project is funded by USAID with a total value of 332,000 USD.

One of the areas considered as Phenikaa’s strengths is the Phenikaa University Hospital Project with a system equipped with state-of-the-art equipment and machinery from U.S. manufacturers, with a total cost of more than USD 6 million.

In 2022 – 2023, Seeding Labs sponsored USD 500,000 in kind (nearly 200 devices) to build the Applied BioMedical Research Center (ABMC). The devices are currently being used for research and training.

In the health science disciplines group, in 2023, Phenikaa University signed an MoU with Michigan State University (MSU). Before that, Phenikaa University and the Institute for Global Health (MSU) had training cooperation within the framework of the Mekong One Health Innovation Program (MOHIP) Project.

Phenikaa University of representative said that the comprehensive partnership between the U.S. and Vietnam in education has brought positive contributions to the education sector in Vietnam, including Phenikaa University in recent years. Phenikaa University will continue to strengthen cooperation with U.S. universities in many fields, particularly in scientific research.

Phenikaa University and U.S. partners cooperating to develop high-quality human resources in microchips and semiconductors

Semiconductor microchip is considered the foundation of modern computing, playing an important role as the world enters a period of booming research, application and development of new technologies such as artificial intelligence (AI), internet of things (IoT), big data… Vietnam currently has great potential to become a new semiconductor center of the world.

With high requirements for human resource training, the semiconductor industry should not just stop at the basic university training program, but needs many efforts to be developed to higher levels.

In May this year, the Semiconductor Research and Human Resources Training Alliance (VASA) was established by Phenikaa University (represented by Phenikaa Semiconductor Training Center – PSTC) and Da Nang City (represented by Da Nang Semiconductor and AI Center for Research and Training (DSAC) in the form of public-private partnership (PPP). At the same time, Phenikaa University also signed an MoU with Arizona State University (ASU) – the largest semiconductor chip industry training institution in the world to develop training programs, taking advantage of resources provided by the U.S. Government to support Vietnam to deliver training programs.

ASU is committed to collaborating in the field of semiconductors (integrated circuit design, ATP), Aerospace Engineering, Clean Energy Engineering; At the same time, ASU will cooperate with PSTC to provide semiconductor training courses for lecturers (advanced IC design, ATP), and promote cooperation in graduate training.

In particular, Phenikaa also signed an MoU with Synopsys – an electronic design automation (EDA) company, providing tools and services for the semiconductor design and manufacturing industry.

Sharing about this cooperative relationship, Mr. Marc Evans Knapper – U.S. Ambassador to Vietnam said: “We’re so pleased that you’ve taken steps with American companies like we mentioned, Synopsys, and these are the kinds of collaboration, these are the kinds of partnerships synergies that are going to lead the way to the US and Vietnam partnering even more closely, to help our two countries not just strengthen our economic relationship but also to help diversify and strengthen supply chains, to help ensure that Vietnam is a key center for semiconductor and other high tech manufacturing and to ensure that our two countries are two futures, are filled with prosperity, peace and stability.”

Synopsys has cooperated with and provided PSTC with hardware such as Zebu 5 and Zebu 4 devices – the world’s number 1 systems in virtualizing chips and all software tools for chip design. Synopsys also provides Synopsys textbooks and materials for trainers who continue to incubate to students, and sends experts together with PSCT’s lectures for training program.

The U.S. Ambassador’s visit is not only an important milestone in the partnership between the two countries but also an opportunity to consolidate and expand joint efforts in semiconductor chip technology.

Beta Media partners with Aeon Entertainment in a $200 Million USD deal

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This venture will focus on developing and operating a chain of premium cinemas, investing in film production, and distributing Vietnamese, Japanese, and international films in the Vietnamese market. It is expected that several tens of billions of Yen ($200 Million) will be invested to build more than 50 premium cinema complexes under the Aeon Beta Cinema brand by 2035.

The announcement of this joint venture is a significant milestone in the development of Vietnamese cinema and the economic cooperation between Japan and Vietnam. The launch ceremony attracted the attendance of media agencies, organizations, and individuals in the film and entertainment industry. Notably, the event was honored by the presence of Ms. Ha Le – representative of the Department of Cinema, Mr. Nobuyuki Fujiwara – Chairman of Aeon Entertainment, and Mr. Minh Bui – Chairman of Beta Group.

By 2035, over 50 cinema complexes under the Aeon Beta Cinema brand are expected to be built with an investment of several tens of billions of Yen ($200 Million). With a modern style harmonizing with the traditional values of Vietnam and Japan, Aeon Beta Cinemas will be present in provinces across Vietnam, offering audiences the best movie-watching experiences. The first Aeon Beta Cinema is expected to open in 2025.

The joint venture between Beta Media and Aeon Entertainment will further promote the development of the cinema and film market.

The joint venture also aims to make a strong entry into film production and distribution. According to the agreement, film production and distribution projects will be carried out under the Aeon Beta brand, promising to deliver high-quality films rich in artistic and entertainment value to the audience.

Founded in 2014, Beta Media is part of the Beta Group ecosystem established by Mr. Minh Bui (Shark Minh Beta). As a company that develops and operates a chain of cinemas targeting the mid-range segment in Vietnam, Beta Media has developed 20 Beta Cinemas nationwide. Alongside the new Aeon Beta Cinema brand developed by the joint venture, the Beta Cinemas brand will continue to be promoted by Beta Media to serve the mass market segment in Vietnam.

With the establishment of the joint venture between Aeon Entertainment and Beta Media, the cinema, film production, and distribution market will have an additional large-scale and high-class brand, contributing to enhancing the experience for cinema enthusiasts. At the same time, this joint venture is committed to building and developing the culture and relations between Vietnam and Japan, contributing to the sustainable development of the community and society.

ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange’s Earnings Report

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Coinbase revenue beat Wall Street analysts’ expectations, while profit came in lower than the consensus.

Cathie Wood’s investment company ARK Invest sold $14.8 million worth of crypto exchange Coinbase (COIN) shares on Thursday, the biggest single-day divestment since May 7, ahead of the exchange’s second-quarter earnings announcement.

The divestment means the company sold more Coinbase shares on the first day of August than in the previous two months combined. It sold $2.88 million of the shares in June and $7.93 million in July.

After the market closed, Coinbase reported second-quarter revenue that beat Wall Street analysts’ expectations. Profit, however, came in lower than the consensus. The exchange’s shares, which fell 5.2% to $212.64 during regular trading, rallied briefly after the report and were little changed in pre-market trading.

ARK sold a total of 69,069 COIN shares across its Next Generation Internet ETF (ARKW) and Fintech Innovation ETF (ARKF). The company’s share sales are often made out of necessity, to keep within its own exposure guidelines that avoid one holding accounting for more than 10% of an ETF’s total weighting. COIN accounts for 6.74% of ARKW and 9.69% of ARKF.

Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors

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The study was conducted to assess how savvy investors are engaging with traditional finance, crypto and stablecoins in their investment portfolios.

India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, the latest survey of savvy Indian investors by a New Delhi-based technology policy think tank revealed.

The study by the Esya Centre also found that Indian investors are considerably aware of regulations relating to the taxation of cryptocurrencies (58%) and money laundering (52%), and prefer collateralized stablecoins (93%) over algorithmic ones.

The survey was conducted in March and April in five urban cities: Ahmedabad, Bengaluru, Delhi, Jaipur, and Lucknow and focused on 1,342 highly educated respondents.

Critically, the study found that India’s “anti-money laundering law has led to a shift in favor of equity investments compared to crypto investments (by 8 percent).”

Since last year, India has required crypto businesses to register with the Financial Intelligence Unit (FIU), the country’s anti-money laundering unit, to comply with processes under the Prevention of Money Laundering Act (PMLA).

Despite evidence-backed studies by Esya and others calling for reduction, India has kept high crypto taxes unchanged since introducing them in 2022.

Esya’s latest survey found that knowledge of the “tax regulations not only increases investment in crypto assets (by 10 percent), but also investment via foreign crypto platforms (by 15 percent).”

That trend was reversed to some extent once India blocked as many as nine off shore exchanges, some of which have now been registered in India.

The survey found that some Indian investors were circumventing offshore exchanges’ URL blocking, suggesting that the anti-money laundering laws were not “sufficient to reverse or neutralize the impact of tax regulations.”

Thus, the think tank reiterated its suggestion that the government should “consider revising the tax rules for crypto assets to prevent offshoring” and that “future attempts by the government to nudge consumers to engage responsibly in the crypto asset market should be in consultation with crypto exchanges.”

All the respondents considered crypto assets to be very attractive as an “additional investment opportunity and for cross-border transactions,” while NFTs and stablecoins were “not perceived as similarly lucrative.”

Import/Export into the USA: A Comprehensive Guide to Made in Vietnam Products

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The supply chain business has changed a lot during the last few years of globalization, and a lot of firms are now seeking alternatives to China in their manufacturing needs.

The country that has gained immense popularity in this aspect is Vietnam. Vietnam has gained ground in international commerce because of the soundness of its manufacturing and the trade deal it has with the United States.

Thus, it is now considered as one of the key players in the global trade arena. This article aims to delve into the intricacies of Made in Vietnam products’ import into the USA, thus bringing useful information and practical tips for small business owners, and entrepreneurs.

Why Choose Vietnam for Manufacturing?

There has been significant growth in the manufacturing sector in Vietnam to be now seen as a feasible alternative to the traditional manufacturing giants.

Vietnam is a better choice for getting things done quickly and with quality due to a variety of reasons that make it attractive for sourcing products:

  1. Lower Tariffs: Vietnam provides a medium through which the United States can reduce the tariffs of goods imported from it when compared to importing the genuine goods from China. Lower tariffs are mostly because of good quality trade agreements between the USA and Vietnam
  2. Diverse Manufacturing Capabilities: The main product output areas of Vietnam such as textiles, electronics, furniture, and home decor are getting better at all the stages from production to delivery-a considerable feature.
  3. Quality and Ethical Sourcing: Suppliers from Vietnam are not only capable of producing high-quality products but are also known for their fair labor practices and following the regulations.

>> Related article : The Best of ‘Made in Vietnam’ products for Sourcing

Key Challenges in Sourcing from Vietnam

Vietnam has numerous benefits, but firms are required to be able to tackle some challenges as well:

  1. Time Zone Differences: Coordinating with suppliers in Vietnam requires dealing with the significant time difference at first, hence the relevance of this aspect to communication and project timelines can be affected.
  2. Language Barriers: Besides the fact that some Vietnamese suppliers speak English, the entire language area is still faced with the problem of ensuring comfortable and accurate communication.
  3. Finding Reliable Suppliers: Stabilizing the products and the consistency of the manufacturers are magnificent. Preliminary to purchase of essential materials, the product supplier has to make sure the suppliers they engage are first of all authentic and that they produce materials that meet changing quality standards.

Steps to Importing Made in Vietnam Products to the USA

Identifying Reliable Suppliers

A reliable supplier is crucial for successful import activities:

  • Use e-commerce platforms like Alibaba, Global Sources, and Vietnam-specific trade directories to find prospective suppliers.
  • Check for certifications, testimonials, and reviews. Request samples to assess product quality.
    Conduct Due Diligence: Use third-party inspection services to verify the supplier’s facilities and ensure international compliance.

>> Related article : How do I find the best sourcing agents in Vietnam?

Understanding Regulations and Compliance

Staying compliant with regulations is essential:

  • Every product has an HS (Harmonized System) code determining duty tariffs and regulations. Consult your transport agent or customs broker for proper classification.
  • Most products imported into the USA don’t require licenses, but items like health products, agricultural goods, and chemicals might need specific authorizations.
  • Tariff rates vary by product and origin. For example, furniture from Vietnam may have a tariff of 3-4%, while similar products from China may face higher tariffs due to trade tensions.

Managing Logistics and Freight Forwarding

Efficient logistics management ensures timely and cost-effective deliveries:

  • Partner with a knowledgeable freight forwarder to handle customs clearance and documentation, ensuring smooth shipment processes.
  • Choose air freight for valuable or time-sensitive items for faster delivery, while sea freight is more cost-effective for bulk shipments.

Quality Control and Risk Management

Maintaining product quality and mitigating risks are essential:

  • Use local sourcing agents or third-party control firms to oversee production and inspections, ensuring compliance and quality.
  • Conduct regular audits and quality checks to ensure products meet standards before shipment.

Bringing in products that are Made in Vietnam to the USA has profits such as lower tariffs, diverse product offerings, and high-quality manufacturing.

>> Related article : Ensuring Due Diligence, Quality Control and Final Inspections for Sourcing in Vietnam

The challenges of supplier verification, regulatory compliance, logistics management, quality control, and the possible benefits are being investigated by both new suppliers and established importers. Importing products from Vietnam, which could be done even if a company is already experienced, is a promise of adding on products along with the other material of the company.

Ba Nền Tảng Giao Dịch Tiền Điện Tử Tốt Nhất tại Việt Nam

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Thế giới giao dịch tiền điện tử đã bùng nổ trong những năm gần đây, với nhiều nền tảng xuất hiện để đáp ứng nhu cầu ngày càng tăng. Với nhiều lựa chọn có sẵn, có thể làm cho các nhà giao dịch cảm thấy choáng ngợp khi chọn nền tảng tốt nhất cho nhu cầu của họ. Trong bài viết này, chúng tôi sẽ khám phá các nền tảng giao dịch tiền điện tử hàng đầu, nêu rõ ưu và nhược điểm của chúng để giúp bạn đưa ra quyết định thông minh.

Tại Việt Nam, một số nền tảng giao dịch tiền điện tử hàng đầu bao gồm Remitano, VCC Exchange và PrimeXBT.

  1. PrimeXBT

PrimeXBT nổi bật là một nền tảng giao dịch tiền điện tử hàng đầu, cung cấp bộ tính năng toàn diện phù hợp cho cả người mới bắt đầu và nhà giao dịch có kinh nghiệm. Giao diện trực quan của nó cho phép điều hướng dễ dàng qua nhiều loại tiền điện tử, trong khi các công cụ biểu đồ nâng cao và chỉ báo kỹ thuật giúp người dùng đưa ra quyết định giao dịch có thông tin. PrimeXBT cung cấp một số mức phí thấp nhất trong số các nhà môi giới khác và tính thanh khoản cao, đảm bảo thực hiện lệnh hiệu quả, tối đa hóa tiềm năng của các nhà giao dịch.

Một trong những điểm mạnh chính của PrimeXBT là hệ thống quản lý rủi ro mạnh mẽ, bao gồm các lệnh dừng lỗ và các tính năng chốt lời. Nền tảng cũng cung cấp giao dịch đòn bẩy lên đến 200x trên các loại tiền điện tử chính, cho phép các nhà giao dịch khuếch đại vị thế của họ trong khi quản lý rủi ro cẩn thận. Ngoài ra, tính năng đa tài sản của PrimeXBT cho phép người dùng đa dạng hóa danh mục đầu tư của họ trên các loại tiền điện tử, forex, hàng hóa và chỉ số, tất cả từ một tài khoản duy nhất. Người dùng cũng có thể gửi tiền bằng các phương thức thanh toán khác nhau, bao gồm tiền điện tử, tiền fiat hoặc các phương thức thanh toán địa phương.

Bảo mật là ưu tiên hàng đầu tại PrimeXBT, với nền tảng áp dụng mã hóa cấp ngân hàng và lưu trữ lạnh cho tiền của người dùng. Cam kết của nền tảng đối với quyền riêng tư của người dùng và tuân thủ quy định càng làm tăng uy tín của nó như một nền tảng giao dịch đáng tin cậy. Với hỗ trợ khách hàng 24/7 bằng ngôn ngữ của họ và nhiều tài nguyên giáo dục, PrimeXBT phục vụ cho các nhà giao dịch ở mọi cấp độ, tạo ra một môi trường hỗ trợ cho việc học hỏi và phát triển liên tục trong thế giới giao dịch tiền điện tử động.

  1. Remitano

Với trọng tâm là giao dịch ngang hàng (P2P), Remitano loại bỏ nhu cầu về các trung gian, cho phép người dùng mua và bán tiền điện tử trực tiếp với nhau. Cách tiếp cận này không chỉ tăng cường quyền riêng tư mà còn mang lại trải nghiệm giao dịch liền mạch.

Nền tảng hỗ trợ nhiều loại tiền điện tử, làm cho nó trở thành một lựa chọn hấp dẫn cho những ai muốn đa dạng hóa danh mục đầu tư của họ mà không cần phức tạp thường gặp ở các sàn giao dịch lớn hơn.

Nền tảng sử dụng xác thực hai yếu tố (2FA) và sử dụng dịch vụ ký quỹ để đảm bảo rằng các giao dịch an toàn và đáng tin cậy. Ngoài ra, cam kết của Remitano đối với tính minh bạch và tuân thủ quy định giúp xây dựng niềm tin giữa người dùng, làm cho nó trở thành một lựa chọn đáng tin cậy cho những ai bước vào thị trường tiền điện tử.

Hơn nữa, cấu trúc phí cạnh tranh của Remitano là một lợi thế đáng kể. Không giống như nhiều sàn giao dịch tính phí giao dịch cao, Remitano cung cấp chi phí giao dịch thấp, điều này có thể đặc biệt có lợi cho các nhà giao dịch thường xuyên.

  1. VCC Exchange

Một trong những ưu điểm chính của VCC Exchange là sự lựa chọn rộng rãi của các loại tiền điện tử có sẵn để giao dịch. Nền tảng cũng nhấn mạnh bảo mật, áp dụng các biện pháp mạnh mẽ để bảo vệ tài sản của người dùng, điều này rất quan trọng trong thị trường tiền điện tử biến động.

Tuy nhiên, VCC Exchange không phải không có nhược điểm. Người dùng đã báo cáo rằng phí giao dịch có thể cao hơn so với một số đối thủ cạnh tranh, điều này có thể làm nản lòng các nhà giao dịch nhạy cảm về chi phí. Hơn nữa, mặc dù nền tảng đang mở rộng các dịch vụ của mình, nhưng nó vẫn thiếu một số loại tiền điện tử thích hợp có thể được tìm thấy trên các sàn giao dịch lớn hơn.

Kết luận

Tóm lại, nền tảng giao dịch tiền điện tử tốt nhất cho bạn sẽ phụ thuộc vào nhu cầu và sở thích cá nhân của bạn. Cho dù bạn là người mới bắt đầu hay nhà giao dịch có kinh nghiệm, điều quan trọng là phải nghiên cứu và chọn một nền tảng cung cấp trải nghiệm giao dịch an toàn, đáng tin cậy và thân thiện với người dùng.

PrimeXBT, một nhà lãnh đạo toàn cầu trong giao dịch tiền điện tử, cung cấp một loạt các tài sản kỹ thuật số, tính năng giao dịch nâng cao và mức phí cạnh tranh. Với hệ thống bảo mật mạnh mẽ và giao diện thân thiện với người dùng, PrimeXBT là một lựa chọn tuyệt vời cho các nhà giao dịch ở mọi cấp độ.

Bắt đầu giao dịch với PrimeXBT

Tuyên bố từ chối trách nhiệm: Nội dung được cung cấp ở đây chỉ nhằm mục đích thông tin và không có ý định là lời khuyên đầu tư cá nhân. Hiệu suất trong quá khứ không phải là chỉ báo đáng tin cậy về kết quả trong tương lai. Các sản phẩm tài chính do Công ty cung cấp rất phức tạp và có nguy cơ mất tiền nhanh chóng do đòn bẩy. Tài sản ảo vốn đã biến động và chịu sự biến động giá trị đáng kể, điều này có thể dẫn đến lợi nhuận hoặc thua lỗ đáng kể. Những sản phẩm này có thể không phù hợp cho tất cả các nhà đầu tư. Trước khi tham gia, bạn nên cân nhắc xem liệu bạn có hiểu cách thức hoạt động của các sản phẩm có đòn bẩy này hay không và liệu bạn có thể chấp nhận rủi ro cao khi mất tiền của mình hay không. PrimeXBT không chấp nhận khách hàng từ các khu vực pháp lý bị hạn chế như đã nêu trên trang web của mình.



How Runningball Integrates Technology and Sports

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The intersection of technology and sports has become a focal point for innovation. Runningball, or 런닝볼 in Korean, a pioneer in sports data and analytics, exemplifies this convergence by integrating cutting-edge technology to enhance the sporting experience. This article explores how runningball leverages technology to revolutionize sports, from data collection to real-time analysis, providing a comprehensive overview of its impact on athletes, teams, and fans.

Real-Time Data Collection

Runningball employs advanced sensors and tracking devices to collect real-time data from various sports events. These devices are equipped with GPS, accelerometers, and gyroscopes to monitor players’ movements, speed, and performance metrics. The integration of these technologies allows for precise data collection, ensuring accuracy and reliability.

  • GPS Tracking: By utilizing GPS technology, Runningball can track the exact location and movement patterns of athletes on the field. This data is crucial for analyzing player positioning, tactical movements, and overall game strategy.
  • Wearable Sensors: Athletes wear sensors that measure heart rate, acceleration, and other physiological metrics. This information provides insights into an athlete’s physical condition, helping coaches make informed decisions about training and in-game performance.

Data Analysis and Insights

The real-time data collected by Runningball is processed using sophisticated algorithms and machine learning techniques. This analysis provides valuable insights that can enhance team performance, strategy, and player development.

  • Performance Metrics: Runningball’s analytics platform offers detailed performance metrics, such as distance covered, sprint speeds, and fatigue levels. These metrics enable coaches to tailor training programs to individual athletes’ needs, optimizing performance and reducing injury risks.
  • Tactical Analysis: By analyzing player movements and positioning, runningball helps teams develop effective game strategies. Coaches can identify strengths and weaknesses, adapt tactics in real-time, and make data-driven decisions to outmaneuver opponents.

Enhancing Fan Engagement

Runningball’s technology doesn’t just benefit athletes and teams; it also enhances the fan experience. By providing real-time data and insights, Runningball brings fans closer to the action, offering a deeper understanding of the game.

  • Live Statistics: Fans can access live statistics and performance data during games, adding a new layer of excitement to the viewing experience. This real-time information allows fans to follow their favorite players’ performance and gain a deeper appreciation of the sport.
  • Interactive Platforms: Runningball integrates with various digital platforms to provide interactive experiences for fans. These platforms offer features such as live polls, fantasy sports integration, and social media interactions, creating a more engaging and immersive experience.

Applications in Various Sports

Runningball’s technology is versatile and can be applied to a wide range of sports. Whether it’s football, basketball, or tennis, Runningball’s data analytics solutions provide valuable insights that enhance performance and strategy.

  • Football: In football, runningball tracks player movements, ball possession, and passing accuracy. This data helps coaches develop effective game plans and make strategic substitutions.
  • Basketball: Runningball’s technology monitors player movements, shooting accuracy, and defensive positioning. Coaches can use this information to refine plays and optimize team performance.
  • Tennis: In tennis, runningball analyzes player movements, shot accuracy, and serve speed. This data helps players and coaches identify areas for improvement and develop strategies to outplay opponents.

The Future of Sports Technology

As technology continues to evolve, runningball is at the forefront of innovation in sports analytics. The company is constantly exploring new ways to enhance its data collection and analysis capabilities, ensuring that athletes, teams, and fans benefit from the latest advancements.

  • Artificial Intelligence: Runningball is integrating artificial intelligence (AI) to further enhance data analysis. AI algorithms can identify patterns and trends that may not be apparent through traditional analysis, providing deeper insights and more accurate predictions.
  • Augmented Reality: Augmented reality (AR) is another exciting development in sports technology. Runningball is exploring the use of AR to provide fans with immersive experiences, such as viewing real-time player statistics and game highlights through AR-enabled devices.

Conclusion

Runningball’s integration of technology and sports is revolutionizing the way we experience and understand athletic performance. From real-time data collection and advanced analytics to enhancing fan engagement and exploring new technological frontiers, runningball is setting the standard for innovation in sports. With their sophisticated tools and methodologies, 런닝볼 captures and analyzes vast amounts of data, providing insights that were previously unimaginable. 

This enables athletes to fine-tune their performance, coaches to devise game-winning strategies, and fans to experience the game on a whole new level. As technology continues to advance, the impact of runningball’s solutions will only grow, shaping the future of sports in unprecedented ways. The ability to make data-driven decisions in real-time is transforming not only the way games are played but also how they are watched and enjoyed.

In summary, the seamless integration of technology by Runningball is not just transforming sports; it’s creating a more dynamic, data-driven, and engaging sporting environment for everyone involved. Whether you’re an athlete looking to optimize performance, a coach developing game-winning strategies, or a fan seeking a deeper connection to the game, 런닝볼 is leading the charge in the technological revolution of sports. Their commitment to innovation ensures that as the sporting world evolves, runningball will remain at the forefront, continually enhancing the way we interact with and understand sports. From grassroots levels to professional arenas, their influence is felt, making sports more exciting, inclusive, and insightful for all.


First images of VinFast VF 3 commercial model in Ho Chi Minh City

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A series of VF 3 cars with basic exterior colors are ready to be delivered to customers.

On August 1st, VinFast delivered the first batch of VF 3 cars in Ho Chi Minh City and Hanoi. As early as the morning, a lineup of mini electric cars was seen queuing in front of the event entrance.

The VinFast VF 3 has been likened to a “storm” sweeping through the Vietnamese market in the second quarter, quickly drawing the attention of users. According to the manufacturer, the VF 3 measures 3,190 x 1,679 x 1,622 mm in length, width, and height respectively, with a wheelbase of about 2,075 mm.

With its “trendy” boxy design and significantly increased width, the VF 3 feels more substantial compared to rivals in the same segment or even compared to other budget A-segment cars on the market such as the Hyundai Grand i10, Kia Morning, or Toyota Wigo.

First images of VF 3 in Ho Chi Minh City.

The vehicle is equipped with a 30 kW electric motor, a maximum torque of 110 Nm, and an 18.64 kWh LFP battery pack. As a result, the VF 3 has a slight edge over its competitor, the Wuling MiniEV (9.6-13.4 kWh), and offers a longer driving range (210 km compared to 120-170 km).

This electric SUV also features fast charging capabilities, allowing the battery to be charged from 10% to 70% within 36 minutes.

With a price range of 240-322 million VND, the VinFast VF 3 is considered an attractive option in the Vietnamese car market, potentially challenging the market share of budget A-segment cars where the Hyundai Grand i10 is performing better than the Kia Morning and Toyota Wigo.

Notably, the VF 3, along with VinFast’s entire range of pure electric vehicles, benefits from a policy of free charging at V-GREEN public charging stations for one year, significantly reducing the cost of owning an electric vehicle.

@Znews

Vietjet welcomes 200 millionth passenger, announces new route Ahmedabad (India) – Da Nang

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At the Vietnam – India Business Forum held in New Delhi, Vietjet proudly welcomed its 200 millionth passenger, marking a significant milestone in its journey of connecting Vietnam to the world and bringing the world to the beautiful Vietnam. The airline also announced a new route from Ahmedabad to Da Nang.

Prime Minister Pham Minh Chinh (third from left) and senior leaders of Vietnam and India performed the ceremony to announce Vietjet’s new Ahmedabad – Da Nang route.

Prime Minister Pham Minh Chinh, along with a delegation of high-ranking officials and the business communities of both countries, congratulated Vietjet on welcoming its 200 millionth passenger and celebrated the new route during the state visit to India by the Prime Minister.

The 200 millionth passenger of Vietjet is an Indian businessman, Mr. Sandeep Mehta. Vietjet awarded the special passenger with a year of free international flights.

On this occasion, Vietjet also announced the opening of a new route connecting Ahmedabad, the largest city in the Indian state of Gujarat, with Da Nang, the most livable city in Vietnam. The new route is expected to serve passengers from October 2024.

Ahmedabad is the largest city in Gujarat, known for its unique blend of ancient and modern architecture. Gujarat is home to the headquarters of many major Indian companies investing in Vietnam. Meanwhile, Da Nang offers a Central Heritage journey experience with beautiful beaches, luxury resorts, the Golden Bridge, Dragon Bridge, Ba Na Hills, Hoi An, Furama, and more.

Vietjet provides many options for residents and tourists of both countries with direct flights connecting Hanoi and Ho Chi Minh City with major Indian cities such as New Delhi, Mumbai, Ahmedabad, Kochi, Tiruchirappalli, as well as famous destinations like Bodh Gaya and Varanasi. Vietjet currently operates the most direct flights between Vietnam and India, with 56 flights per week on seven routes. The total number of passengers transported between Vietnam and India by Vietjet has reached nearly 1.3 million.

Passengers are welcomed on modern new aircraft, served by professional, friendly, and dedicated crew members, and can enjoy the culinary delights of Vietnam, India, and the world, including Vietnamese Banh Mi, Pho Thin, Basmati rice with curry, and many other delicious and nutritious hot meals.

Vietjet is the pioneering airline that launched direct flights connecting New Delhi with Hanoi and Ho Chi Minh City since December 2019 and has continuously expanded its network, not only facilitating convenient connections between the two countries but also linking India with Asia, Australia, and beyond. This contributes to the robust development of economic, investment, tourism, and cultural exchanges between the two countries and the Asia-Pacific region.

@Thesaigontimes

Vietnamese pho and spring rolls on Olympic menu

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According to information on the official Paris 2024 Olympics website, traditional Vietnamese dishes like pho and spring rolls will be included in the nutritional menu for athletes participating in this global sporting event.

Vietnamese Pho has been featured on the menu of the host country of the Olympics many times. Photo: Vicky Pham.

According to information on the official Paris 2024 Olympics website, traditional Vietnamese dishes like pho and spring rolls will be included in the nutritional menu for athletes participating in this global sporting event.

Notably, in the “Soup of the Day” section in the Asian food stall, pho will be served in the three main meals of the athletes. In its introduction, pho is referred to as a culinary icon of Vietnam, made from bone broth and rice noodles, accompanied by various other ingredients.

Nutritional information and energy levels are clearly stated so that athletes can calculate their required intake. Photo: Paris Olympics 2024.

Nutritional information, including the calorie content (kcal) of pho, is detailed on the website. This dish is known to be rich in carbohydrates (starch, sugars, and fiber), providing sufficient energy for athletes during competition.

In addition to pho, spring rolls are also included in the Asian menu with an introduction labeling them as “Vietnamese culinary specialties.” This dish consists of thin rice paper rolls filled with a variety of vegetables. Sometimes they also contain boiled pork and shrimp. The nutritional information indicates that spring rolls are suitable for vegetarians due to their high starch and fiber content.

The inclusion of pho and spring rolls in the Paris 2024 Olympic menu allows Vietnamese athletes to enjoy familiar dishes in a foreign land, boosting their competitive spirit. It also presents an opportunity to promote traditional Vietnamese cuisine to international friends.

The dining area at this sporting event is divided into six stalls, including Europe (World), Asia (Asian), and Halal, among others, to cater to the needs of athletes from various countries. Additionally, there are 11 subsidiary stalls such as street food, sandwiches, burgers, pastries, etc. All dishes are prepared by Michelin-starred chefs.

In previous Olympic Games, Vietnamese dishes have been featured in the menu on several occasions. Vietnamese pho appeared at the Tokyo 2020 Olympics (Japan), replacing beef with signature Wagyu beef.

Athletes were also served stir-fried pho at the Rio de Janeiro 2016 Olympics (Brazil). This demonstrates that Vietnamese cuisine is increasingly asserting its position on the global stage.

@Znews

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