Goldman Cautions Against Extrapolating Previous Bitcoin Halving Cycles for Price Predictions

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Bitcoin’s fourth mining reward halving is just two days away.

Bitcoin’s fourth mining-reward halving is just two days away. The quadrennial event will reduce BTC’s per block emission to 3.125 BTC from 6.25 BTC, halving the pace of new supply. Previous halvings preceded massive multimonth rallies in BTC, and the crypto community is confident that history will repeat itself.

Investment banking giant Goldman Sachs, however, cautioned its clients from reading too much into the past halving cycles.

“Historically, the previous three halvings have been accompanied by BTC price appreciation after the halving, although the time it took to reach the all-time highs differs significantly. Caution should be taken against extrapolating the past cycles and the impact of halving, given the respective prevailing macro conditions,” Goldman’s Fixed Income, Currencies and Commodities (FICC) and Equities team said in a note to clients on April 12.

The chart shows bitcoin’s performance after previous halvings on Nov. 28, 2012, July 9, 2016, and May 11, 2020.

Though bulls were in the driver’s seat following each of the three halvings, the magnitude and the time taken to reach the eventual peak differed.

More importantly, the macroeconomic environment on those occasions differed from today’s high inflation, high-interest rate climate. Back then, M2 money supply of major central banks – U.S. Federal Reserve, European Central Bank, Bank of Japan and People’s Bank of China – grew rapidly, as CoinDesk reported last year. Interest rates were stuck at or below zero in the advanced world, which catalyzed risk-taking across the financial market, including cryptocurrencies.

In other words, for history to repeat itself, macro conditions need to be supportive of risk-taking.

That’s not the case today: Interest rates in the U.S., the world’s largest economy, stand above 5% and markets have recently priced out hopes of cuts this year in the light of sticky inflation and a resilient economy.

The bitcoin price has rallied 50% this year, reaching record highs well ahead of the halving, thanks to inflows into the U.S.-based spot exchange-traded funds (ETFs) and has risen over 130% in six months. According to Bloomberg, the 11 spot-based ETFs, which went live three months ago, have amassed $59.2 billion in assets under management, creating a demand-supply imbalance.

As such, some analysts believe the major portion of the usual post-halving surge has been brought forward, leaving the door open for a sell-the-fact pullback after the April 20 halving.

According to Goldman, BTC’s halving is a “psychological reminder to investors of BTC’s capped supply,” and the medium-term outlook depends on the uptake of the ETFs.

“Whether BTC halving will next week turn out to be a “buy the rumour, sell the news event” is arguably less impactful on BTC’s medium term outlook, as BTC price performance will likely continue to be driven by the said supply-demand dynamic and continued demand for BTC ETFs, which combined with the self-reflexive nature of crypto markets is the primary determinant for spot price action,” the team wrote.

6 Ways To Become An Upstander And Stand Up Against Bullying

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6 Ways To Become An Upstander And Stand Up Against Bullying  

Bullying is a widespread problem that causes great suffering to victims and feeds vicious cycles of aggressiveness in schools, workplaces, and online groups.  

Creating a culture of upstanders—those who proactively step in to support and defend those being bullied—is just as crucial to preventing bullying as focusing on teaching people not to engage in such conduct.  

Making the decision to become an upstander gives people the ability to change the world and make places safer and more welcoming. Here are six concrete steps you can take to stop bullying and become an upstander.  

1. Speak Up and Take Action Against Bullying

The first step to becoming an upstander against bullying is to voice out and take action, which are the primary steps to overcome bullying. Witnessing bullying calls for finding one’s voice and courageously intervening.  

This could be done by telling the bully to stop, assisting the victim, or even seeking help from a parent or person in authority. Upstanders stand up against bullying by acting and showing that bullying should be fought against.  

Thus, they become role models for everyone who has been bullied.  

Encouraging people to speak out against injustice and acting not only helps put an end to bullying right away but also cultivates a culture of accountability and empowerment.  

2. Cultivate Empathy and Awareness about Bullying

Developing empathy and awareness is the first step towards being an active bystander and stopping bullying. Empathy equips people to view the emotions and experiences of both the oppressed and the oppressor from an angle where they feel the connection and compassion.  

Through educational programs and discussions that inform people about the gravity and rate of bullying, people have more of a chance for empowerment and drive.  

Upstanders who learn to develop empathy through recognition of the indicators of bullying, feeling with those affected, and intervening satisfactorily to achieve a bully-free and supportive environment for everyone.  

3. Practice Assertive Communication 

Understanding the skill of assertive communication will significantly help in dealing with such situations without much escalation. Upstanders can authoritatively protest against bullying and all the same respect the involved parties.  

Through the use of unambiguous and direct phrasing such as “No, that’s not allowed,” “Stop that now,” and “I am here to help you,” these individuals can set their boundaries and make the bullying known.  

Assertive communication equips standers-bys with the courage to deal with rudeness so they do not use violence or aggression.  

It generates positive discussions, defuses tension, and promotes mutual understanding, which finally makes the school a safe and respectful environment for all students

4. Foster Inclusive Communities 

Promoting integrated communities is one of the most critical factors in preventing bullying and encouraging civility.  

By developing contexts that celebrate diversity and incorporate everyone’s different identities, those people feel less tempted to bully others and instead might opt to intervene when witnessing other people’s ill-doings.  

The characteristic feature of an inclusive community is to focus on matters of acceptance, respect, and understanding, resulting in an environment where it becomes more accessible for people to be their authentic selves. Educational institutions, workplaces, and digital platforms must develop inclusive policies and initiatives that leave discrimination behind.  

By promoting a culture where everyone feels respected and welcomed, individuals can eradicate bullying and reduce the rate of injustice worldwide.  

5. Lead by Example Against Bullying 

The most outstanding example is shown when leaders don’t only talk the talk but walk the walk to become upstanders against bullying. When people show compassion, understanding, and honest experience through their words and relationships, it sets a positive trend for others.  

Every act of honorable conduct fosters the principles of empathy and respect, whether it’s supporting a student who is being bullied, calling out discriminatory behavior, or encouraging inclusiveness in social situations. 

Through repetitive displays of good examples, the leader induces others to replicate, ultimately leading to the development of a social culture based on empathy and togetherness.  

The best way to empower individuals is to stand as an example for community members, which will cause a solid stream of positive change across their communities.  

6. Support Victims and Offer Resources 

The role of an upstander lies not only in preventing bullying but also in supporting victims. Downstanders may help create a safe environment, reinforce the sense of confidence, and offer practical aid to those undergoing bullying.  

This observation may be in the form of proactively listening to their experiences, giving them words of motivation, or aiding them to get the appropriate resources such as counseling services and support groups.  

Establishing a support system of both family and friends around the victim is very valuable, as it is a strong signal of togetherness, and in the face of adversity, this kind of confidence is boosted.  

With that, focus on education about existing resources to report bullying with an aim to help individuals seek help themselves and initiate proactive actions to stop bullying in their communities.  

Bottomline  

Taking on the status of an upstander is a vital way of fighting bullies and establishing a culture of empathy, respect, and inclusiveness. 

Individuals can make a positive change in schools, workplaces, and even the community by being empathetic, raising their voices, etc. 

As a collective, we can join forces to combat bullying and construct a society where anyone is able to practice their rights without fear and intimidation. 

Vietnamese coffee shortage drives Brazilian prices to record highs

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Robusta coffee prices have shattered records, exceeding 4,000 USD/ton. The London exchange witnessed unprecedented levels, with coffee futures for May delivery soaring by 31 USD to reach 4,005 USD/ton—a historic pinnacle. Futures for subsequent months, including July, September, and November, also saw substantial increases ranging from 25 to 28 USD/ton.

Simultaneously, Arabica coffee prices on the New York Stock Exchange experienced a steep ascent, climbing by 114.4 USD to reach 5,220 USD/ton—the highest level seen in the past 18 months, dating back to October 2022. Prices for other terms also surged, with gains ranging from 34 to 38.5 USD/ton.

Brazilian Arabica coffee futures for May delivery followed suit, leaping by 151.8 USD to hit 6,260 USD/ton.

In Vietnam’s Central Highlands, coffee prices continue their upward trajectory, with increases ranging from 1,500 to 1,700 VND/kg. Specifically, prices in Dak Nong stand at 115,500 VND/kg, Dak Lak at 115,400 VND/kg, Gia Lai at 115,300 VND/kg, and Lam Dong at 115,000 VND/kg. With this ongoing surge, Vietnamese coffee prices are expected to reach an unprecedented milestone by the week’s end.

The persistent upward trend in Arabica coffee prices, both in New York and Brazilian markets, reflects a global shortage across all sources. Notably, large businesses in Vietnam have recently announced imminent shortages, even considering the need for coffee imports in the coming months. This revelation has further fueled price hikes in countries like Brazil and Indonesia, where harvests are imminent.

The Rise of Casino Tourism in Vietnam: What It Means for Local Economies and Cultures

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Vietnam, celebrated for its rich history, stunning landscapes, and vibrant culture, has positioned itself as a prominent figure in the global tourism sector. Over the recent years, the country has experienced a notable surge in casino tourism, attracting visitors from all corners of the globe to indulge in the excitement of gambling against the backdrop of breathtaking scenery and opulent accommodations. Amidst the allure of its historical sites and natural wonders, Vietnam’s flourishing casino industry adds another layer of excitement to the tourist experience, enticing travelers seeking both adventure and leisure.

Furthermore, the growth of casino tourism in Vietnam has not only bolstered the country’s economy but also contributed to its evolving tourism landscape. With world-class casino resorts dotting its coastlines and urban centers, Vietnam continues to captivate travelers with its unique blend of cultural heritage and modern entertainment offerings, including options for no verification casinos. As the demand for immersive and diverse travel experiences continues to rise, Vietnam stands poised to further establish itself as a premier destination for casino enthusiasts and leisure travelers alike.

The Growth of Casino Tourism Industry

In recent years, Vietnam’s casino tourism industry has seen remarkable growth, buoyed by the nation’s flourishing economy and the rising discretionary spending of tourists, both local and international. The emergence of top-tier casino resorts in bustling cities such as Ho Chi Minh City, Da Nang, and the picturesque island of Phu Quoc has solidified Vietnam’s status as a sought-after destination for travelers in search of a perfect blend of leisure and adventure.

Moreover, this surge in casino tourism not only brings economic benefits to Vietnam but also contributes to the development of its hospitality sector and infrastructure. As the country continues to invest in expanding its gaming facilities and enhancing visitor experiences, it further cements its position as a leading player in the global tourism landscape. With a diverse array of entertainment options, stunning natural beauty, and rich cultural heritage, Vietnam remains poised to attract a growing number of tourists seeking unforgettable experiences in the realm of casino tourism.

Economic Impact on Local Economies

The economic impact of casino tourism on local communities in Vietnam cannot be overstated. The influx of visitors has brought about significant changes, revitalizing regions that were once overlooked. The construction and operation of casino resorts have not only created numerous employment opportunities but have also sparked growth and development in previously underserved areas.

Before we delve into the specific economic impacts, let’s explore five key aspects of this phenomenon:

  1. Increased job opportunities in various sectors, including hospitality, entertainment, and service industries.
  2. Enhanced infrastructure development to accommodate the growing influx of tourists and improve local amenities.
  3. Diversification of the local economy, reducing dependency on traditional industries and fostering resilience.
  4. Strengthened small businesses through increased patronage from tourists and expanded market opportunities.
  5. Heightened investment in community development projects, such as education, healthcare, and cultural preservation.

The economic ripple effects of casino tourism extend far beyond the gaming tables. With increased spending on accommodations, dining, entertainment, and local attractions, residents and businesses alike have reaped the benefits. Moreover, the injection of capital into these communities has facilitated improvements in infrastructure and public services, enhancing the overall quality of life for residents. As Vietnam’s casino tourism continues to flourish, its positive impact on local economies remains a testament to the transformative power of strategic tourism development.

Cultural Implications and Challenges

The surge of casino tourism in Vietnam has brought forth both economic prosperity and cultural challenges to the nation. While the economic benefits are evident, concerns about the preservation of Vietnam’s rich cultural heritage have arisen alongside its rapid growth. Some worry that the proliferation of casinos and the influx of foreign visitors may result in the commercialization and exploitation of traditional Vietnamese culture, potentially diluting its authenticity and uniqueness. Additionally, the rise of gambling addiction and the social issues associated with casino tourism present significant hurdles for local communities and policymakers.

Before we delve into the complexities of these cultural implications and challenges, let’s explore five key considerations:

  1. The potential erosion of cultural identity through the commodification of traditional Vietnamese practices and customs.
  2. The need for sustainable tourism practices that prioritize the preservation and celebration of Vietnam’s cultural heritage.
  3. The importance of community engagement and empowerment in mitigating the negative effects of casino tourism on local cultures.
  4. The implementation of responsible gambling measures to address issues related to addiction and social harm.
  5. The promotion of cultural education and awareness among tourists to foster respect and appreciation for Vietnam’s unique heritage.

As Vietnam navigates the complexities of casino tourism, striking a balance between economic growth and cultural preservation remains paramount. By addressing these challenges with diligence and foresight, Vietnam can ensure that its vibrant cultural legacy continues to thrive alongside its burgeoning tourism industry.

Government Regulations and Policies

In response to the challenges posed by the expansion of casino tourism, the Vietnamese government has taken decisive action by implementing stringent regulations and policies. These measures are designed to foster sustainable development and promote responsible tourism practices within the industry. Through initiatives such as licensing requirements, taxation frameworks, and social safeguards, the government aims to ensure that casino operators uphold ethical standards and contribute positively to local communities.

Moreover, the government’s collaboration with industry stakeholders plays a crucial role in addressing the multifaceted issues associated with casino tourism. By fostering open communication and partnership between policymakers, casino operators, and local communities, Vietnam strives to strike a balance between economic growth and social responsibility. Together, these concerted efforts aim to harness the potential benefits of casino tourism while mitigating its adverse effects, ultimately creating a more sustainable and equitable tourism landscape for all stakeholders involved.

Sustainability and Responsible Tourism Practices

In the realm of casino tourism in Vietnam, sustainability and responsible tourism practices have emerged as crucial focal points. With the continued expansion of this industry, there’s a growing recognition of the need to mitigate its environmental impact and ensure the well-being of local communities. Casino operators are increasingly investing in eco-friendly initiatives, such as energy-efficient technologies and waste management programs, to reduce their ecological footprint. Moreover, they’re actively engaging in community development projects and cultural preservation efforts to foster positive relationships with residents and protect Vietnam’s rich heritage.

Furthermore, the emphasis on sustainability extends beyond the immediate vicinity of the casinos. Vietnam is also promoting responsible tourism practices among visitors, encouraging them to respect local customs, support small businesses, and minimize their environmental impact. Through education and awareness initiatives, tourists are empowered to contribute positively to the communities they visit while enjoying the country’s natural beauty and cultural treasures. By embracing sustainability and responsible tourism, Vietnam aims to ensure that its casino tourism industry continues to thrive in harmony with the environment and local culture, benefiting both present and future generations.

Da Lat Station: A hub of tourist experiences

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Recently, a lot of tourism offerings have been captivating visitors at Da Lat Station. Notably, the launch of the “Da Lat Night Journey” tourist train has gained significant attention. This unique train service shuttles passengers between Da Lat Station and Trai Mat Station, offering a blend of classic elegance and modern comfort.

The “Da Lat Night Journey” train comprises two carriages, each thoughtfully designed to accommodate tourists in style. With tables at either end of the carriage, seating four passengers, and a central row of plush seats flanked by buffet-style dining tables, travelers are treated to a delightful culinary experience (additional cost applies).

Adding to the enchantment, musicians serenade passengers with romantic melodies, enhancing the nocturnal charm of Da Lat as the train meanders through its picturesque landscapes.

Visitors can listen to music while admiring the scenery of Da Lat at night. Photo: Mai Huong

To commemorate the 130th anniversary of Da Lat City’s establishment, the Saigon Railway Transport Joint Stock Company, in collaboration with the Vietnam Railway Corporation, introduced an additional tourist train. This initiative, which includes complimentary musical performances and photo opportunities, has been met with resounding success. Notably, the first-ever train wedding was celebrated, adding a touch of romance to the historic station.

As the ancient locomotive adorned with fresh flowers chugs out of Da Lat station, traversing pine forests, flower gardens, and quaint residential areas, passengers are treated to a scenic journey like no other.

The “Da Lat Night Journey” promises to offer passengers a novel experience, allowing them to immerse themselves in the nocturnal beauty of Da Lat while contributing to the diversification of local tourism services.

With ambitious plans for renovation and upgrades in 2023, the Vietnam Railway Corporation aims to enhance the allure of Da Lat station and the Da Lat – Trai Mat railway line. Additionally, collaborative efforts with local authorities have led to the implementation of the “Train Street – Flower Street” initiative, further enhancing the charm of the surroundings.

3 cities in Vietnam are among the best for walking travel

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Hanoi ranks 42nd, while Hoi An is placed 87th, and Ho Chi Minh City ranks 99th on the list of the top 100 cities in the world for exploring on foot.

Norwegian tourists wear sports clothes and explore Ho Chi Minh City on foot. Photo: Linh Huynh.

The city of Rome (Italy) clinched the top spot in the rankings due to its charming squares and beautiful cobblestone streets, perfect for strolling and city exploration.

The list of 100 cities was compiled based on booking and search data from 800 cities in 120 countries, collected on the GuruWalk website from April 2023 to April 2024. GuruWalk, a provider of free walking tours worldwide, compared booking numbers and website traffic for destinations to compile this list, according to Daily Mail.

According to the study, Spain is the most walkable country in the world with 28 cities featured in the list. France appeared 7 times, Vietnam 3 times along with the United Kingdom, Poland, and Colombia. Only one city from the United States made it onto this list.

Rome (Italy) owns many monuments located adjacent, convenient for exploring on foot. Photo: Caleb Miller/Unsplash.

Rome boasts a wealth of historical landmarks and world-class attractions situated close to each other. Tourists can explore on foot from the Roman Colosseum to the Pantheon.

GuruWalk noted: “The sheer volume of monumental sites sometimes leaves tourists unsure of where to begin. Therefore, it’s no surprise that Rome is a place where walking tours are more organized than anywhere else.”

The runner-up position goes to the capital city of Budapest (Hungary), known as the “Pearl of the Danube,” offering visitors a unique blend of history, architecture, culture, and nightlife.

“Sights such as the Parliament building, Buda Castle, and the Chain Bridge are just some of the gems this city has to offer, making more and more tourists choose to explore every nook and cranny on foot,” GuruWalk stated.

Barcelona and Madrid, both in Spain, claimed the third and fourth positions respectively.

Hanoi, the capital city, ranks 42nd on the aforementioned list. With a millennia-old history, Hanoi boasts a range of famous historical landmarks close to each other such as the Old Quarter, the Imperial Citadel of Thang Long, One Pillar Pagoda, Temple of Literature, Hoa Lo Prison, Hoan Kiem Lake, Co Loa Citadel, Long Bien Bridge… Visitors can explore these landmarks on foot and enjoy a variety of local delicacies.

Hoi An has become a favorite destination for many domestic and foreign tourists. Photo: Linh Huynh.

At 87th place, the ancient town of Hoi An is beloved by many tourists. International visitors spend hours wandering the old streets, visiting historical sites, shopping for handicrafts, and indulging in local cuisine. Moreover, activities like cycling to Tra Que vegetable village, swimming at An Bang Beach, and visiting Thanh Ha pottery village have become signature experiences for tourists here.

Ho Chi Minh City secures the 99th spot on the ranking. With an array of attractions and historical sites close to each other, many tourists opt for walking to explore this city.

Starting from Notre-Dame Cathedral, visitors can tour the City Post Office, Nguyen Van Binh Book Street, Independence Palace, Turtle Lake, War Remnants Museum, Dragon House Wharf… The city streets are lined with trees, making it convenient for tourists to move around and explore.

@Znews

Ho Chi Minh City plans to display fireworks at 16 locations on April 30

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The Ho Chi Minh City Department of Culture and Sports has proposed organizing fireworks displays at 16 locations on the evening of April 30th.

A fireworks display in Ho Chi Minh City. Photo: TL

During a press conference on the socio-economic situation in Ho Chi Minh City held on April 12th, a representative of the Department of Culture and Sports stated that they had proposed organizing fireworks displays to commemorate the 49th anniversary of the Liberation of the South and National Reunification Day (April 30, 1975 – April 30, 2024), as reported by the Vietnam News Agency (TTXVN).

Accordingly, the city will have 1 high-altitude fireworks location and 15 low-altitude fireworks locations. The high-altitude fireworks location will feature 1,500 high-altitude fireworks, 30 low-altitude launchers, and 10 art-firework launchers. For the 15 low-altitude fireworks locations, each will have 90 low-altitude launchers, with some locations adding an additional 10 art-firework launchers. The fireworks display will take place from 9:00 PM to 9:15 PM on April 30th.

Regarding the organization’s budget, the low-altitude fireworks location at the Vạn Phuc urban area (Thu Duc City) will be funded by the Thu Duc City People’s Committee from socialized sources. The Ho Chi Minh City People’s Committee is requested to fund the high-altitude fireworks location at the entrance to the Saigon River tunnel (Thu Duc City) from socialized sources. Additionally, the low-altitude fireworks location at Dam Sen Cultural Park (District 11) will be managed by Phu Tho Tourism Service Joint Stock Company, and the remaining locations will be managed by the Ho Chi Minh City Military Command from socialized sources.

Here is the list of the 16 fireworks locations:

  1. Van Phuc urban area, Hiep Binh Phuoc Ward, Thu Duc City.
  2. Thanh Da Park, Ward 27, Binh Thanh District.
  3. Rach Chiec Bridge area, Truong Tho Ward, Thu Duc City.
  4. Thao Dien villa area, Thao Dien Ward, Thu Duc City.
  5. Landmark 81 Park, Ward 22, Binh Thanh District.
  6. Ba Son Shipyard Bridge, Ben Nghe Ward, District 1.
  7. Bach Dang Wharf Bridge, Ben Nghe Ward, District 1 (fireworks launched from barges).
  8. Entrance to the Saigon River tunnel area, Thu Duc City.
  9. Tan Thuan 1 Bridge area, Ward 18, District 4.
  10. Thanh My Loi Riverside area, Thu Duc City.
  11. Block N4-D6, Northwest Industrial Zone, Tan An Hoi Commune, Cu Chi District.
  12. Nga Ba Giong historical site, Xuan Thoi Thuong Commune, Hoc Mon District.
  13. 1968 Offensive and Uprising Revolutionary Tradition Area, Tan Nhut Commune, Binh Chanh District.
  14. Dam Sen Cultural Park, Ward 3, District 11.
  15. District 7 Administrative Center, Tan Phu Ward, District 7.
  16. Sac Forest Square, Can Gio District.

@SGtiepthi

22 new caves discovered in Quang Binh, totaling over 3,000m in length

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During the cave survey expedition in March, the British-Vietnamese cave exploration team, in coordination with the Phong Nha-Ke Bang National Park Management Board, recorded an additional 22 new caves and conducted additional surveys of 3 caves, totaling 3,550 meters in length.

On April 14th, the Phong Nha-Ke Bang National Park Management Board (PN-KB NPMB) announced that through cave surveys and explorations in the PN-KB NPMB area, as well as Minh Hoa and Tuyen Hoa districts, the British-Vietnamese cave exploration team had discovered 22 new caves.

One of the newly discovered caves. Photo: Provided by the cave expedition team.

The surveyed caves ranged in length from 30 to 572 meters, with the longest four being: Va Cave (516m), 12/2 Dry Cave (404m) within PN-KB NPMB, Vuc Hung Cave (430m) in Thuong Trach commune within the buffer zone of PN-KB NPMB, and Ong Dau Cave (572m) in Lam Hoa commune (Tuyen Hoa district). Entrance heights of the caves varied from 46 to 550 meters, with depths ranging from 32 to 154 meters.

In this survey, the core area of PN-KB NPMB had 7 surveyed caves totaling 1,415 meters in length, the buffer zone of PN-KB NPMB had 7 surveyed caves totaling 1,027 meters in length, and the adjacent area in Lam Hoa commune (Tuyen Hoa district) had 11 surveyed caves totaling 1,108 meters in length.

There are 22 new caves discovered in this round. Photo: Provided by the cave expedition team

According to Mr. Pham Hong Thai, Director of the PN-KB NPMB, these newly discovered caves are currently within the scope of preliminary research for location identification and preliminary description. Therefore, further in-depth surveys and studies are needed to better understand their value, enabling accurate assessments for conservation and sustainable exploitation of these landscapes and caves.

It is noted that identifying an additional 22 caves in the PN-KB NPMB area and adjacent regions is of significant importance to further clarify outstanding values related to geological and geomorphological features, hydrology within the PN-KB NPMB area, and is also a valuable resource for tourism development in Phong Nha-Ke Bang specifically, and Quang Binh province in general.

@Vietnamnet

Apple CEO Tim Cook visits Vietnam as the U.S. tech giant looks to boost sales in new markets

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  • Apple CEO Tim Cook arrived in Hanoi, Vietnam, on Monday as the U.S. tech giant looks to boost sales in new markets.
  • Cook will meet with Apple users, developers and content creators during the two-day visit, local media reported.
  • The CEO posted pictures on X on Monday in Hanoi with musicians. He drank an egg coffee.

Apple Inc. has expressed its enthusiasm for the Vietnamese market, highlighting the nation’s dynamic and picturesque landscape. The company’s CEO, Tim Cook, conveyed his eagerness to engage with the local community, including students, creative professionals, and consumers, to gain a deeper understanding of the diverse applications of Apple products.

The organization is dedicated to fostering meaningful relationships and delivering additional advantages to the communities in which it operates. This commitment is demonstrated through collaborations with domestic suppliers and support for initiatives that facilitate access to clean water and educational resources.

Furthering its investment in the region, Apple has announced an increase in payments to Vietnamese suppliers and has made strides in a project aimed at providing clean water to educational institutions.

Since 2019, Apple has injected approximately VND 400,000 billion into the Vietnamese economy via its supply chain, with a significant increase in annual expenditures within the country over this period.

With over a decade of operations in Vietnam, Apple supports in excess of 200,000 local jobs through direct employment, its supply chain, and the iOS app economy.

The Vietnamese app economy has seen remarkable growth, with employment figures nearly tripling since 2017. Currently, Vietnam ranks among the top five global producers of mobile gaming content.

Apple’s supply chain initiatives in Vietnam are designed to create educational and professional development opportunities, enhance health management, and cultivate leadership skills within the community.

Over 38,000 Vietnamese individuals have participated in health education programs provided by Apple since 2019. The company plans to broaden its Disability Vocational Training program this year, aiming to foster inclusivity and expand opportunities for individuals with disabilities within its supply chain.

Apple is set to enhance its $50 million Supplier Employee Development Fund, which includes educational programs that equip individuals with skills pertinent to current and future job markets, in line with the company’s growth and increased investments in Vietnamese suppliers.

In 2023, Apple inaugurated its online store in Vietnam, offering customers nationwide the opportunity to purchase directly from the company and benefit from the expertise of staff proficient in the Vietnamese language.

Bitcoin From Rare ‘Satoshi Era’ Moves After 14 Years of Dormancy

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The miner earned 50 bitcoin in April 2010 during the network’s early weeks and has held on to them for the entire time.

An early crypto miner moved 50 bitcoin (BTC) today after 14 years of leaving the holdings untouched, data shows, joining the rare instances where bitcoin from the “Satoshi era” have been transferred.

The holdings, worth over $3 million as of Monday, were transferred to two wallets in Asian morning hours. Part of these transfers were eventually sent to crypto exchange Coinbase (COIN), analysis tool Lookonchain said in an X post.

Blockchain data shows the miner received 50 bitcoin as a reward in April 2010, months after the network first went live and the token was worth only a few dollars.

That period is colloquially known as the Satoshi era, referring to the months when bitcoin’s pseudonymous creator, Satoshi Nakamoto, was active on online forums from late 2009 to 2011.

Several bitcoin wallets from that era have been active since the start of 2023. In July, a wallet that had been dormant for 11 years transferred $30 million worth of the asset to other wallets, while in August, another wallet transferred 1,005 BTC to a new address.

In December, over 1,000 bitcoins from an early miner were moved to trading desks and custodian services after a 13-year dormancy.

Solana Rolls Out Update to Tackle Network Congestion

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A meme coin trading frenzy and a rapid spike in users has stressed the network in recent months.

Solana developers said a new software update to tackle the congestion problem on the popular blockchain is “now recommended” for general use by mainnet validators, as per an X post.

“The v1.17.31 release is now recommended for general use by MainnetBeta validators,” they said. “This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network.”

Version 1.17.31 is the first in a series of planned updates to address network congestion in recent months, Rex St John, head of developer relations at Anza, which rolled out Monday’s update, said in an X post.

Validators are entities that run nodes or software that confirms transactions and secures any blockchain network. These entities need to continually upgrade their node to newer releases to deal with any issues that may arise when a network is running.

Congestion issues plagued the network in recent months amid a meme coin frenzy, causing a bump in user activity and significantly high demand for the network. Transactional volumes reached as much as $4 billion in March from the usual figures of under $500 million per day in 2023.

The high use of bots caused a spike in “failed” transactions on the network, Solana developer @0xMert_ previously explained on X.

A fail, in this context, meant a smart contract flagged certain transactions as a “bad request,” even as they were successfully submitted to the Solana network.

Broadly speaking, the final version prioritizes transactions from “good” validators, or those with a sizeable stake, to a node leader, where transactions are ultimately confirmed. Such a priority would allow validators with a higher stake to receive higher quality of service – preventing lower-quality validators from maliciously flooding the network with transactions.

Version 1.18 is currently being run on a testnet or a network that mimics the main blockchain to test for bugs and other issues.

Best Productivity Apps to Keep You Organized at Work

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Best Productivity Apps to Keep You Organized at Work

Top productivity applications streamline your daily tasks by automating routine duties—think auto-fill features or voice-to-text capabilities—freeing you from the tedium of manual data entry or note transcription. Thanks to these handy tools, automatic functions take some weight off your shoulders while also giving your organizational abilities a nice boost. Say goodbye to wasting energy on trying to recall key points or plan out future steps. Imagine taking a weight off your shoulders; that’s how it feels as they lighten our everyday loads. Need a hand staying focused and sorting out your tasks? These workplace apps are just what you need.

Top Productivity Apps to Keep You Organized

1. Asana

Whether you’re tackling work solo or collaborating remotely, staying on top of tasks, projects, and deadlines is critical. Enter Asana – the digital solution that simplifies organization and boosts productivity. Create tasks, assign them to team members, set deadlines, and effortlessly manage your daily responsibilities. With a user-friendly workspace and calendar feature, you have all the tools needed for streamlined task management and efficient team collaboration at your fingertips. Make chaos a thing of the past with Asana, and propel your work-from-home efficiency to new heights.

2. DocuSign

DocuSign revolutionizes document signing with its online platform, ideal for contracts requiring secure e-signatures. This decade has seen its rise to prominence for both personal and professional use. Conveniently available as a mobile app, it enables signature approval with a simple finger swipe on your smartphone. However, acquiring digital signatures for professional documents necessitates a paid subscription. DocuSign offers a blend of accessibility and efficiency for modern document management.

3. Fax from iPhone

There are many applications that allow you to replace your fax machine. You can get acquainted with iPhone faxing solutions at this link. Overall, the best fax for iPhone is the Fax from iPhone app. When we talk about how to send a fax, it is much easier than using an analog network. You just need to scan the document, select the recipient and send a fax to them. You will then receive a notification that the recipient has received the fax.

4. Todoist

Daily tasks inundate both our professional and personal lives. Cluttering our brains with these chores only breeds stress. You’ll find tasks randomly haunting your consciousness, igniting unnecessary panic. The solution is disarmingly simple: write them down. This singular act empowers you to draft a tangible action plan while eliminating the mental turmoil of remembering.

People’s organizational preferences vary, with some eschewing traditional to-do list apps for sticky notes, emails, or even spreadsheets. The mode matters less than the principle itself; having a dedicated space to catalog your duties is crucial for maintaining productivity and peace of mind.

5. Freedom

Attempting to work amidst the cacophony of an amusement park seems challenging at best; operating within the boundless realms of the internet, however, presents distractions beyond measure, and is also associated with various cyber threats. For protection, you can use free web VPN – a simple and reliable browser extension. To stay productive and focused, you can use Freedom. A treasure trove of content competes for attention, thanks to the prowess of engineers dedicated to endlessly captivating your gaze. In such an environment, maintaining productivity can be arduous.

6. IFTTT

IFTTT, short for “if this, then that,” offers a platform for automating interactions between digital services and gadgets. It’s a veteran in the automation space, supporting more extensive app integrations than Apple Shortcuts. Users easily craft sequences like automating the saving of Facebook-tagged photos to Dropbox. Additionally, IFTTT provides a gallery of community-shared automations ready for adoption, simplifying the automation experience.

7. Calendly

Calendly revolutionizes scheduling by seamlessly integrating with your Google Calendar for a hassle-free experience in organizing meetings and appointments. Create your personalized URL to allow others to view open slots in your calendar and effortlessly book a convenient time. Customizable to your needs, you can manage diverse event types, oversee your schedule, or modify your availability all within the app’s interface. By ensuring no overlap occurs in your calendar, Calendly eliminates the tedious back-and-forth of coordinating meetings, streamlining the process of syncing with other’s calendars, for efficient and error-free planning.

8. 1Password

Managing a multitude of complex passwords—essential for robust security—can be daunting. A password manager simplifies this by securing all your unique passwords under one master key, streamlining your online security. With frequent data breaches, such an app guards against intrusion and safeguards your privacy, handling the heavy lifting of password protection for you.

Conclusion

There’s no arguing it; gadgets and apps have cranked up our productivity like never before. Instant global communication, automated appointment scheduling, and rapid direction-finding exemplify its convenience. Thanks to the latest apps designed for productivity, we’re getting more done in less time. Sure, stepping into the world of tech aids feels overwhelming at first glance. But once you do, it’s like unlocking a cheat code for better organization and smashing through tasks faster. I’ve been on a journey through eight standout apps designed to whip your daily grind into shape – we’re talking task jugglers and note catchers. Thanks to this handy guide, you’re just steps away from linking up with your dream digital helper.

The Adolescence of Vietnamese Contemporary Music

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Currently, I notice that the youth are chasing after music genres lacking substance, lyrics devoid of meaning, and both composers and listeners lacking depth.

We are Vietnamese people, yet we lack the soul of Vietnam in our music and lyrics. As I mentioned before, French teachers like Victor François Tardieu (1870-1937) truly cultivated a talented generation of artists in the East Indochina Fine Arts College, similarly to the New Music movement (1928) during the same period. In the era influenced by French waltz and tango, Vietnamese essence permeated through, and a generation of teenagers (13-19 years old) up to young adults (20-21 years old) accomplished marvels beyond what we can imagine in the past 30 years.

Đinh Nhu (1910 – 1945) was born into a poor family making a living selling flowers. He was passionate about theater and music since elementary school. Due to financial difficulties, he had to drop out of school and joined the Revolutionary Youth League of Vietnam in 1927. By the end of 1929, he was imprisoned by the French at “Hilton Hanoi” and sentenced to life in exile on Con Dao Island. While in prison, he taught other inmates to sing, and the song “Cùng nhau đi Hồng binh” was born. This song was inspired by the fervent struggle against the French in the 1930s, especially the Nghe-Tinh Soviet movement (1930–1931). Although not a prominent figure in Vietnamese music history, “Cùng nhau đi Hồng binh” (1930, when he was only 21 years old) left a profound mark, praising the revolutionary forces in the early stages of the anti-French resistance. For me, the song “Cùng nhau đi Hồng binh” adds strength and spirit to the soldiers and people in the struggle for freedom and independence. Đinh Nhu’s first composition was also the first song of the New Music movement.

Also composing his first piece at the age of 21, we have musician Hoàng Giác (1924-2017) from Chèm village, Hanoi. His father was a skilled gourd zither player but was passionate about boxing, even serving as the President of the North Vietnam Boxing Federation. Hoàng Giác himself was also passionate about sports. He attended Buoi School (now Chu Van An) where he studied music through French composition and harmony materials. In 1945, at the age of 21, he wrote his first song “Mơ hoa,” marking a significant change in Vietnam with the success of the August Revolution. The messages of romantic longing, encountered by a young couple in life’s journey, expressing dreams and aspirations for a peaceful world, love, and beautiful life, reflect hope and dreams for a brighter future after achieving independence.

Poet – musician Nguyễn Đình Thi (1924-2003) was born in Luang Prabang, Laos, but his ancestral village is in Vũ Thạch village, Hanoi. His father was a civil servant in the Indochina Postal Department who worked in Laos. In the 1940s, he joined the National Salvation Cultural Group during the Japanese occupation of Indochina. In 1945, he participated in the Tan Trao National Congress and was elected as a delegate to the first National Assembly of Vietnam. At the same time, he, Văn Cao, and Đỗ Nhuận each wrote a revolutionary song in response to the movement’s demands. Thus, when the poet – musician was only 21 years old, the song “Diệt phát xít” was born, although it was not published in the Independent Newspaper and was only distributed in manuscript form. After the August Revolution, Nguyễn Đình Thi became the Secretary-General of the National Salvation Cultural Group. The song “Diệt phát xít” expresses the determination and strength of the people in the fight against fascist ideologies and serves as a call for unity and determination of the Vietnamese people during wartime.

Musician Ngô Hoàng Dương (1933-2017) was the son of the renowned cultural figure Ngô Văn Triện (pen name Trúc Khê). He was also a talented cello player and played a key role in establishing the cello department at the Hanoi Conservatory of Music. After the Geneva Accords in 1954, he encouraged intellectuals and artists not to migrate to the South following the call of the National Government of Vietnam. During a secret mission, he was discovered and had to flee to the outskirts. There, he met a young woman and they went to Hồ Tây, Hồ Trúc Bạch to watch the sunset together, but later lost contact. He made several trips to the South to find her but with no success, so he poured his emotions into the song “Hướng về Hà Nội” (Turning towards Hanoi) expressing deep longing and nostalgia. The song was composed against the backdrop of Hanoi – the heart of the nation – during the struggle against the French, evoking the image of Hanoi during difficult but resilient times, inspiring deep patriotism. Evaluated as a “masterpiece of music about Hanoi,” this first composition was born when the author was 21 years old.

Musician Trần Hoàn (1928-2003), whose real name is Nguyễn Tăng Hích, was from Hải Lăng, Quảng Trị. His father was a music enthusiast with a strong interest in Huế music, classical opera, Western music, which influenced his musical career later on. In 1935, Trần Hoàn studied at the Quốc học Huế. He self-taught music composition from the age of 16-17. At the age of 20, he composed the song “Sơn nữ ca” while in the combat zone of Quảng Bình. “Sơn nữ ca” praises the strength reflecting the life, spirit, courage, and authentic beauty of the women in the highlands and minority women in the mountainous regions during the resistance against the French.

Everyone knows Trịnh Công Sơn (1939-2001) as one of the greatest musicians of Vietnam with deeply humanistic songs, dubbed by the American press as the “Bob Dylan of Vietnam.” His family hailed from Thừa Thiên Huế but settled in Đắk Lắk before returning to business in Huế. Before 1958, his mother owned a large store on Phan Bội Châu Street, but due to losses, they had to close it and focus on providing for their children’s education at home. At the age of 19, he met singer Thanh Thúy and composed the songs “Ướt mi” and “Thương một người” as gifts when he went to watch her perform at the Mỹ Cảnh restaurant. Both songs reflect Trịnh Công Sơn’s profound thoughts and emotions about fragile first love and deeply sentimental life, expressing sadness and regret in love through poignant lyrics and gentle, profound melodies.

A young and talented musician who blossomed earlier than Trịnh was Lê Minh Lập (1941-1999) from Đà Lạt. His family originally bore the surname Phan, but due to Phan Bội Châu’s revolution, they changed it to Lê. His mother was Công Tôn Nữ Phương Nhi, the ninth daughter of King Thành Thái. Due to lost documents, he had to re-register his birth certificate twice. He adopted the stage name Lê Uyên Phương from his mother’s name, Phương, and his first girlfriend’s name, Uyên. In 1960, at just 19 years old, he composed his debut song “Buồn đến bao giờ” in Pleiku, a confessional piece where the narrator questions and seeks answers to his lingering sadness. The melancholic melody and profound lyrics of the song reflect the introspection and quest for answers in the heart of a young person facing life’s challenges and relationships. This song not only tells a personal story but also voices the sentiments of many young people in Vietnamese society at the time, grappling with significant changes in society and life.

Musician Ngô Thụy Miên, born in 1948 in Hải Phòng, was the second child in a family of seven. He grew up surrounded by books and literature because his family owned a bookstore named Thanh Bình in Hải Phòng, later relocated to Nguyễn Đình Chiểu Street when they settled in Saigon. In 1963, he started composing music and completed his first love song, “Chiều nay không có em,” two years later, which received enthusiastic responses from students. The song was written during the Vietnam War era, a melancholic confession of those left behind, expressing through its gentle yet emotional melody the feelings of separation and longing. It’s worth remembering that, at that time, the young author was only 17 years old.

Lastly, the “king” of young, sentimental musicians was Cung Tiến (1938-2022). What’s particularly remarkable is that his first love song was composed at the age of 14-15, when he left behind his childhood memories to embark on a long, exhausting journey from North to South, to a completely unfamiliar city. Everything – from the streets, people, language, food, clothing, lifestyle, habits – felt strange. The sudden cultural shock created a cultural “shock” that he couldn’t define or name. The emotions in the soul of the 15-year-old boy, with boundless imagination, condensed into an unparalleled masterpiece, “Hoài Cảm,” about nostalgia for loved ones, longing for the classical homeland, refined and profound, reaching the depths of emotion as if 50 years of separation had passed. As the author reminisced, “I left early, meaning from Hanoi to Saigon early. When leaving, I remembered everything that Hanoi engraved in my memory, it’s like having that piece of music.” And thus, the iconic masterpiece “Chiều buồn len lén tâm tư” was born when the author was only … 15 years old.

Every time the masterpieces of those young days resound – romantic, grand, profound, and timeless – I suddenly realize that I’m older than all the East Indochina Fine Arts College and New Music pioneers back then. Vietnam’s youth once had vibrant springs, radiant summers, classic autumns, and profound winters like that.

Perhaps our budding youth have the potential to achieve even more. Let’s focus on honing skills, emotions, and thoughts to contribute enduring works and masterpieces to the world.

Ho Chi Minh City pilots electric car service for tourism

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Seventy electric vehicles were put into operation in the initial phase. Each vehicle has a capacity of 8 passengers and uses environmentally friendly electric energy.

On the morning of April 12, Ho Chi Minh City officially commenced a trial of electric four-wheel tourist transportation services within the city center. This pilot project is being implemented in Districts 1, 4, 5, and 6.

Accordingly, these 70 electric vehicles are being used to transport passengers, operated by Saigon.PT (a joint venture between Vietnamese and Japanese businesses), provides services. Each vehicle has an 8-seat capacity and runs on electric energy. The vehicles are also adorned with symbols representing the city to promote products and tourist destinations in Ho Chi Minh City.

During the pilot section, these vehicles will run within the area limited by points and routes in the central area. Specifically, District 1 and District 4: Nha Rong Wharf – Khanh Hoi Bridge – Ton Duc Thang – Nguyen Huu Canh – Nguyen Binh Khiem – Nguyen Thi Minh Khai – Hoang Sa – Hai Ba Trung – Nguyen Thi Minh Khai – Nguyen Van Cu – Vo Van Kiet – Calmette bridge – Calmete – Hoang Dieu – Nguyen Tat Thanh – Nha Rong Wharf.

District 5 and District 6 areas are limited by the following routes: Nguyen Van Cu – Nguyen Trai – Nguyen Tri Phuong – Hung Vuong – Hong Bang – Nguyen Thi Nho – Le Quang Sung – Pham Dinh Ho – Thap Muoi – Hai Thuong Lan Ong – Vo Van Kiet – Nguyen Van Cu.

The electric car service for sightseeing and tourism in Ho Chi Minh City officially launches from April 12, 2024. (Photo: VNA)

The operating hours are from 6 am to 12 am daily to serve tourists and residents seeking entertainment experiences within the central area of Ho Chi Minh City. This pilot model will run until the end of 2025.

Passengers purchase tickets and book services through ticket-selling applications on websites, mobile devices, using non-cash payment methods. Drivers assist with payments for passengers without accounts. Ticket prices are provided by the business in two forms: hourly services and point-to-point transfers.

Specifically, for renting a vehicle by trip within 30 minutes, prices are 120,000 VND (daytime) and 250,000 VND (nighttime). For point-to-point transfers, where passengers are picked up and dropped off at the same location, the fare is 60,000 VND during the day and 120,000 VND at night (applicable within Districts 1, 4, 5, and 6). Additional charges apply for extra hours or additional pickup points.

@vtv.vn

Vietjet increases flight frequency for upcoming 5-day holiday

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The Civil Aviation Authority of Vietnam and airlines have just held a meeting to review increasing capacity to meet the travel demand of the public during an upcoming holiday expected to last up to 5 days.

During the peak period of the April 30th and May 1st holiday in 2024, Vietnamese airlines will provide between 100,000 to 110,000 seats daily on domestic routes, representing an increase of about 20% compared to the March 2024 average. There is a general assessment indicating a similar operational pattern to the Lunar New Year peak period, with an apparent surge in activity around April 30th – May 1st.

Vietjet Airlines has announced plans to meet the needs of the public and travelers during the Reunification Day and Labor Day holidays on April 30th and May 1st by adding 86,000 seats, equivalent to nearly 425 flights on tourism routes. Additionally, Vietjet will increase the frequency of flights to and from Ho Chi Minh City, Hanoi, Danang, Nha Trang, among others, during the summer period, providing an extra 1.3 million seats to serve the public and tourists.

Vietjet is also focusing its resources on enhancing flight schedules, reducing turnaround times at airports, and offering customers attractive promotional programs with competitive pricing.

According to the Civil Aviation Authority of Vietnam, at present, passengers can generally book tickets on domestic routes and have various fare options to suit their travel conditions and needs. The authority also advises passengers to plan their trips early, purchase tickets through official ticketing channels, and stay updated on airlines’ operational plans to make appropriate arrangements, adjustments, and choose reasonable ticket prices.

@Thanhnien.vn

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