The miner’s stock appears undervalued given the wide gap between the company’s valuation and its growth prospects, the report said.
Bitdeer Technologies’ (BTDR) shares are appealing given the wide gap between the company’s discount valuation and its growth prospects, investment banking firm Benchmark said in a research report Thursday.
Benchmark initiated coverage of the bitcoin (BTC) miner with a buy rating and a $13 price target. The stock closed over 7% higher on Wednesday at $6.74.
“We view the Singapore-based company as differentiated from its publicly traded peers due to its scalable infrastructure with one of the lowest all-in mining costs in the space, diverse revenue streams including self-mining, hashrate sharing, and hosting, and its recent expansion in artificial intelligence (AI)/high performance computing (HPC) solutions and into the design and manufacture of advanced mining rigs,” analyst Mark Palmer wrote.
If management is able to deliver on the company’s growth plans it would more than double its power capacity, “paving the way for significant hashrate expansion,” he added.
The transition of hashrate from hosting to self-mining is set to “boost upside exposure to bitcoin price increases,” the report said. Hashrate refers to the total combined computational power that is being used to mine and process transactions on a proof-of-work blockchain.
Palmer also noted that Bitdeer is well positioned to take market share in the AI and HPC sector.
Deputy Minister of the Ministry of Culture, Sports and Tourism Ho An Phong remarked that Australia is a promising and potential source market for Vietnam’s tourism.
In 2023, Australia was the 9th largest source market sending tourists to Vietnam. In the first two months of 2024, the number of Australian tourists to Vietnam reached 97,500, equal to 25% of the total number from this market in the entire year of 2023, ranking sixth after South Korea, China, Taiwan, the United States, and Japan.
“In 2023, Vietnam’s tourism industry witnessed recovery by welcoming 12.6 million international visitors. Although Australian visitors accounted for only 3%, they are an important and promising source, with a tendency for long stays and high spending,” said Ho An Phong, Deputy Minister of the Ministry of Culture, Sports and Tourism during a tourism dialogue between Vietnamese and Australian businesses.
Andrew Goledzinowski, Australian Ambassador to Vietnam, also stated that tourism cooperation between Vietnam and Australia has many development opportunities, especially after the two countries upgraded their relationship to a Comprehensive Strategic Partnership and established more direct flights connecting major cities such as Hanoi, Ho Chi Minh City to Melbourne, Sydney, Perth, and Adelaide.
Vietnam tourism is increasingly of interest to international tourists, including Australian tourists. Photo: Mr. Nguyen
Darrell Wade, Chairman of the world’s leading adventure travel company, Intrepid Travel, mentioned that Vietnam’s tourism is increasingly attracting international tourists, including Australians. The number of international tourists this company brought to Vietnam in 2023 has recovered, surpassing the 2019 level.
According to Darrell Wade, besides the natural beauty, Vietnam is emerging as a diverse experiential destination for Australian tourists, prompting Intrepid to research and develop more cultural and culinary tours in addition to adventure tourism.
He also emphasized that a plus point of Vietnamese tourism is its significantly lower costs compared to other destinations, yet still offering special value to tourists, creating competitiveness.
Vietnam is forecasted to be a favorite destination for Australian tourists in 2024. The number of Australian tourists traveling internationally has not returned to pre-pandemic levels, down by 14% compared to 2019. However, the number of Australian tourists to Vietnam in 2023 reached 390,000, exceeding the 383,000 in 2019.
Ho Chi Minh City is among the top 10 most sought-after destinations for Australian tourists, with nearly 2.5 times increase within this year, according to a report from the online travel platform Skyscanner in November 2023.
Australian tourism businesses express expectations for Vietnam’s tourism industry to continue improving service quality to attract international visitors, alongside developing green and sustainable tourism. These businesses also hope Vietnam will consider visa waivers for Australian tourists to enhance attractiveness and competitiveness.
Surpassing 99 contenders, Vietnamese Banh Mi stands at the top position in the ranking of Top 100 sandwiches in the world recently announced by the culinary website TasteAtlas.
Banh mi – the “national soul” dish of Vietnamese people
According to TasteAtlas’ ranking, Banh Mi is a type of Vietnamese-style sandwich famous for its core ingredient, the baguette. The website explains that the baguette originated from France and is combined with Vietnamese ingredients such as vegetables, spices, meats, and Vietnamese sausage.
TasteAtlas also courteously instructs foreign readers on how to pronounce Banh Mi as “bun mee” and introduces the diversity of Banh Mi in Vietnam. Apart from the meat sandwich, which is the most famous type of Banh Mi, Vietnam offers various other types such as Banh Mi with minced pork, fish cake Banh Mi, roast pork Banh Mi, grilled chicken Banh Mi, Vietnamese sausage Banh Mi, and Vietnamese-style omelette Banh Mi.
Notably, not only Banh Mi but TasteAtlas also reserves two additional spots, number 9 for meat Banh Mi and number 29 for roast pork Banh Mi.
In particular, meat Banh Mi is defined as a traditional Vietnamese-style sandwich made from various types of Vietnamese cold cuts along with cucumber, egg sauce, pickled carrots and radishes, spread with a bit of liver pate. Additionally, meat Banh Mi is often garnished with ingredients such as coriander, black pepper, and sliced chili.
TasteAtlas mentions that tourists can easily enjoy any type of Banh Mi they desire anywhere in Vietnam. Due to the attractiveness of Banh Mi and the delicious fillings of Vietnam, these sandwiches have been exported for a long time and Banh Mi shops have sprouted up all over the world. The information website, known as the “world food map,” also recommends some famous eateries for diners to visit in Ho Chi Minh City, Hoi An, Hanoi, and even in the United States and Australia.
Foreign tourists are fascinated by Vietnamese bread
This is not the first time Vietnamese Banh Mi has been honored in the top list of the world’s best sandwiches. Previously, CNN included meat Banh Mi in its list of the 24 best sandwiches in the world and the 50 best street foods in the world.
The reputable French newspaper Le Monde has also praised it highly: “Simple, balanced, cheap but above all extremely delicious. This is a dish that makes you want to bite into it just by looking at it… After doner kebab or sandwich, Vietnamese Banh Mi is considered a new symbol of world cuisine.”
Together with Pho, “Banh Mi” has been included in many famous dictionaries worldwide such as Oxford, Cambridge, Merriam-Webster…
The People’s Committee of Phu Quoc City has requested the relocation of all aquaculture rafts, inland waterway vehicles, tourist boats, fishing boats, etc., from the area of the entrance channel and the water area in front of the dock, belonging to the international passenger port, in preparation for the announcement of the port opening.
On March 13, according to information from the People’s Committee of Phu Quoc City (Kien Giang), this agency has issued a document requesting all aquaculture rafts, inland waterway vehicles, tourist boats, and fishing boats to be relocated from the area of the entrance channel and the water area in front of the dock of Phu Quoc International Passenger Port in Duong Dong Ward.
The road to Phu Quoc International Passenger Port has been completed
The relocation is to be completed from now until the end of March 20. After this period, the People’s Committee of Phu Quoc City will direct the functional agencies and Duong Dong Ward People’s Committee to conduct inspections and handle according to regulations.
According to the People’s Committee of Phu Quoc City, the relocation is aimed at ensuring the progress of construction items of Phu Quoc International Passenger Port in terms of security, order, and safety at sea in the area of ship channels, ship turning basins, and the water area in front of the dock. It is expected that on March 25, the city will announce the port’s opening.
Urgent construction of the road from the old airport to Tran Phu street
As of the afternoon of March 13, the road leading from Tran Phu Street to the entrance gate of Phu Quoc International Passenger Port has been completed. A section of concrete road with a width of about 10 meters has been finished, and the cleanup of the shacks on both sides of the road section and the front part of Tran Phu Street is nearly complete.
In addition, workers are busy constructing the road section connecting from the old airport runway through Tran Phu Street, with an estimated completion of about 50% of the work.
The Phu Quoc International Passenger Port project officially commenced in Duong Dong town, Phu Quoc district (Kien Giang) in 2015. The port is built on an area of 179.3 hectares, with a total investment capital of 1.6 trillion VND and, when completed, can accommodate international passenger ships with a tonnage of up to 225,000 GT, carrying capacity of 5,000 – 6,000 passengers. This will be the first multi-functional international standard passenger port in Vietnam.
The Ho Chi Minh City Management Authority for Urban Railways (MAUR) has reported to the Ho Chi Minh City People’s Committee Office on the progress of the Metro Line No. 1 project. According to the report, commercial operation of the metro line is expected to commence in late 2024, instead of July 2024 as previously planned.
The report states that the project will complete the acceptance of fire prevention and fighting by the fourth quarter of 2024. The certification and system safety appraisal for the remaining stations will also be completed by then. Following this, the State Inspection Council will inspect and accept the remaining items, after which the project will start full-line commercial operation.
MAUR has recommended that the City People’s Committee direct departments to support the acceleration of work related to adjusting the progress of projects. The contractor will also be influenced to complete the work content to ensure the progress of putting the project into operation. Additionally, there are plans and options related to operation and exploitation, project appraisal, approval, and acceptance procedures that need to be considered.
The Management Authority for Urban Railways has provided a detailed plan for the Metro Line No. 1 project. The infrastructure construction packages will be completed in the first quarter of 2024.
In the second quarter of 2024, 2 trains and equipment will be handed over to the General Consultant in advance to conduct early training of route operating personnel for HURC1 Company.
The third quarter of 2024 will see the review of the project’s system safety assessment, completion of fire protection and acceptance work, and training for train driving, operating, and station management personnel.
Finally, in the fourth quarter of 2024, fire protection and acceptance work will be completed, the certification and system safety appraisal for the remaining stations will be finished, the remaining items will be accepted, and full-line commercial operations will commence.
In conclusion, the commercial operation of Metro Line No. 1 has been postponed until the fourth quarter of 2024. At a press conference in November 2023, the Urban Railway Management Board had initially announced that the line would begin operating commercially in July 2024.
The authorities of Nha Trang City, Khanh Hoa province, have suspended operations of the Tram Anh Chicken Rice restaurant, located at 10 Ba Trieu after over 100 people were hospitalized with suspected food poisoning. Among those affected, were foreign tourists and children. Dr. Tran Phuong Thao, the deputy director of Saigon Nha Trang General Hospital, said that more than half of the cases are still being treated at the hospital.
Ms. Ly Na, a tourist from Lam Dong province, said that after eating chicken rice at the restaurant, her entire family showed signs of suspected poisoning. Her 5-year-old daughter is one of the most severe cases, with a high fever and other symptoms.
The authorities are investigating to determine the cause of the poisoning. The chicken rice restaurant has been temporarily closed, and samples of the food and patients have been taken for testing. The Khanh Hoa Department of Health is mobilizing resources to rescue and treat patients, while also transferring severe cases to higher-level hospitals. Medical facilities are consulting with the Khanh Hoa Provincial Hospital for complicated cases.
At present, the cause of the poisoning remains unknown, and the Tram Anh chicken rice restaurant will remain temporarily closed until the investigation is complete.
The start of a new year is the perfect time to refresh and revitalize your business. A well-decorated office enhances the aesthetic appeal and plays a crucial role in boosting productivity, fostering creativity, and elevating overall happiness among employees.
Why Creating a Good Office Space Matters
Creating a good office space for your business is essential for several reasons.
Firstly, a well-designed business interior significantly impacts employee well-being and satisfaction. A comfortable and aesthetically pleasing environment fosters a positive attitude and contributes to a happier work atmosphere.
Secondly, an organized and functional business layout can enhance productivity by minimizing distractions and optimizing workflow. When employees have a thoughtfully designed space that meets their needs, they are more likely to stay focused and engaged in their tasks.
Additionally, a visually appealing office reflects the company’s values and culture, making a positive impression on both employees and clients. Finally, a good office space encourages collaboration and creativity, providing areas for brainstorming, meetings, and informal interactions.
Optimize Layout for Functionality
Begin by reassessing your business layout. Consider the flow of traffic, accessibility to essential tools, and furniture arrangement. A functional layout can significantly impact productivity by minimizing distractions and creating a seamless workflow. Ensure that workstations are well-organized and pathways are clear to promote an efficient work environment.
Bring in Some Elements of Nature
Incorporating some natural elements into your office space can have a positive impact on the mood and well-being of workers. Introduce plants, such as succulents or low-maintenance indoor trees, to add a touch of nature. Not only do plants improve air quality, but they also contribute to a calming and rejuvenating atmosphere.
Mindful Color Choices
The colors in your office can influence mood and productivity. Consider a palette that combines soothing tones with energizing pops of color. For example, shades of blue and green are known for their calming effects, while reds and yellows can add a burst of energy. Strike a balance that suits your work culture and individual preferences.
Personalized Workspaces
Encourage employees to personalize their workspaces within certain guidelines. Allowing personal touches, such as framed photos, plants, or motivational quotes, can create a sense of ownership and boost morale. Recognize the importance of individual expression while maintaining a cohesive overall look.
Invest in Comfortable Furniture
Comfortable and ergonomic furniture is crucial for a productive work environment. Employees spend a significant amount of time at their desks, so investing in quality chairs and desks can prevent discomfort and promote good posture. Consider standing desks or flexible seating options to accommodate different working preferences.
Effective Lighting
Proper lighting is essential for a productive workspace. Natural light is ideal, so position desks near windows when possible. If natural light is limited, invest in adjustable artificial lighting to reduce eye strain and create a well-lit environment. Consider incorporating task lighting for focused work and ambient lighting for a pleasant atmosphere.
Organizational Solutions
Clutter can hinder productivity and increase stress levels. Invest in organizational solutions like shelves, filing cabinets, and desk organizers to keep workspaces tidy. Encourage employees to declutter their desks regularly and provide ample storage options to maintain a clean and organized business.
Interactive and Inspirational Wall Decor
Transform bare walls into sources of inspiration. Use whiteboards or cork boards for collaborative brainstorming sessions, project timelines, or motivational quotes. Incorporate artwork or graphics that reflect the company’s values and mission, fostering a positive and engaging atmosphere.
Tech-friendly Environment
As technology plays a crucial role in today’s workplaces, ensure that your office is tech-friendly. Consider cable management solutions, charging stations, and ergonomic accessories to create a seamless and efficient digital workflow.
Create Relaxation Spaces
Designate areas within the office for relaxation and rejuvenation. Incorporate comfortable seating, calming colors, and perhaps a few recreational items like books or games. Providing employees a space to unwind can reduce stress levels and increase overall happiness.
Final Thoughts
By implementing these business interior decoration tips, you can transform your workspace into a hub of productivity, creativity, and happiness. A well-designed office not only reflects the values and culture of the organization but also contributes to the well-being and satisfaction of its employees.
As you embark on this journey of redesigning your office for the new year, remember that a thoughtful and inspiring workspace can lead to a more successful and fulfilling work experience for everyone involved.
The giant German sportswear retailer Adidas has just announced its first annual loss in over 30 years, with hopes of growth in the Chinese market.
For the first time since 1992, Adidas reported a loss of 58 million euros (63.4 million USD) in 2023. In 2022, the company achieved a net profit of 254 million euros (277.61 million USD).
The German sportswear company’s business declined after it ended its relationship with the star Kanye West in October 2022. Once a highly profitable venture, the Yeezy athletic shoe line, in collaboration with the artist, ceased new production.
Adidas CEO Bjorn Gulden, in an effort to clear the remaining Yeezy inventory, is working to improve relationships with retailers. Capitalizing on the popularity of low-profile athletic shoes, the company increased production of the Samba and Gazelle lines, resulting in an 8% increase in footwear sales in Q4, while apparel sales decreased by 13%. In Gulden’s first year as CEO, Adidas stock rebounded, outperforming Nike and Puma. “It’s still not good enough, but 2023 ended better than I expected at the beginning of the year,” Gulden said.
Thomas Joekel, Chief Investment Officer at Union Investment, assesses that Adidas has been on the right track since Bjorn Gulden took over as CEO. “The brand’s heat is increasing. This can also be seen from the fact that there are fewer discounted products currently,” he evaluated.
Adidas expects its core business operations – excluding Yeezy – to improve this year, with at least a 10% growth in the second half of the year. The company expects the Chinese market to rebound more strongly, with sales increasing by double digits after an 8% increase in 2023.
In contrast, the North American market is forecasted to continue weakening, with sales expected to decline by about 5% this year. Lower demand and high inventory have weighed on business operations there since last year. Adidas reported a 21% decrease in sales in Q4 and a 16% decrease for the whole year in North America.
On March 13 (local time), the first launch of the Kairos rocket of Space One (Japan) ended in an explosion just a few seconds after takeoff, according to Reuters. The launch was broadcast live by local media on the Kii Peninsula in western Japan. The rocket exploded causing a large cloud of smoke, fire, and debris. Space One stated that the rocket launch is highly automated and requires more than 10 employees at the ground control center. They are currently investigating the cause of the explosion.
The Kairos rocket is 18 meters long and has 4 stages. It was carrying an experimental satellite of the Japanese Government that can temporarily replace intelligence satellites in orbit if they become inoperative. Space One had planned to launch the rocket on March 9, but they had to postpone it when a ship entered nearby waters. They are trying to become the first Japanese company to launch a satellite into orbit.
Although Japan is not a major player in the space race, rocket developers in the country are trying to create cheaper vehicles to meet demand. Satellite launches are booming, both from the Japanese government and global customers. Working with the United States, Japan is seeking to revitalize its domestic aerospace industry to cope with technological and military competition from China and Russia.
In 2023, the Japanese government promised to fully support startups related to the space industry with technology important to national security. Japan is also working to build satellite constellations to enhance intelligence capabilities.
Jisoo, a member of the K-pop group Blackpink, has announced that she will donate all of the profits from her YouTube channel to the non-governmental organization “Save The Children International”. Her channel has nearly 5 million subscribers and will contribute to a project to create mangrove forests in Nam Can district, Ca Mau province, Vietnam.
“Save The Children International” is a global organization that supports children’s rights and works towards their safety, happiness, and future. It comprises Save the Children International and 30 national members, supporting 15.9 million children across 46 countries.
Jisoo’s YouTube channel.
Jisoo’s personal YouTube channel, named “행복지수 103%” (Happiness Jisoo 103%), was created in January 2023. From the beginning, Jisoo expressed her intention to donate all profits to charity. Currently, her channel has over 4.99 million followers.
Jisoo has repeatedly stated her desire to use the proceeds to help those in need. “I hope everyone’s happiness index will increase higher,” she said.
Earlier today, at around 8:00 a.m. local time, a restaurant explosion occurred in a residential area in China, possibly due to a gas leak. The explosion caused a four-story building to be destroyed, with images circulating on China’s Weibo social network showing walls and ceilings being destroyed and huge plumes of smoke in the sky.
At least three buildings were seriously damaged, with one building left with only a bare frame. Buildings opposite where the explosion occurred were also affected, with shattered glass and damaged store signs. Several nearby vehicles were also damaged.
Around 36 vehicles and 154 firefighters were dispatched to the scene to extinguish the fire. By the afternoon, the fire was under control, and residents living within a 500-meter radius of the explosion scene were evacuated.
The injured were taken to the hospital and their current health status is unknown. Unfortunately, China has seen a series of deadly accidents caused by gas leaks in recent years, such as the June 2023 gas explosion at a barbecue restaurant in the northwest region of Ningxia, which killed 31 people. Following that incident, China’s market regulator issued detailed instructions on the use of gas stoves and appliances to avoid safety risks.
Nigeria is also demanding all transaction history spanning the past six months from Binance.
Nigeria wants Binance to give information regarding its top 100 users in the country and all transaction history spanning the past six months, the Financial Times reported on Tuesday.
The demand comes as Nigeria’s detention of Binance’s compliance head and Africa region manager moves into a third week.
Binance’s Tigran Gambaryan and Nadeem Anjarwalla have been held against their will in a “guesthouse” run by Nigeria’s National Security Agency after arriving in Abuja on Feb. 25 on the Nigerian government’s invitation. By Feb. 29, the news of the detention had emerged without the names of the executives. The titles and names emerged on Tuesday.
Nigeria’s government and Binance have been involved in a dispute about some $26 billion of untraceable funds.
According to the FT, Nigeria sees Binance as a crucial link undermining government efforts to stabilize its currency, the naira. Additionally, Nigeria is asking Binance to resolve any outstanding tax liabilities. Binance has removed the naira for trading from its website.
Neither Gambaryan nor Anjarwalla have been charged with an offense but were being held “simply as hostages,” the FT reported, citing “one person briefed on the situation.” The person also said they were being well treated.
In the past 24 hours, a Binance spokesperson has stated that “we are working collaboratively with Nigerian authorities to bring Nadeem and Tigran back home to their families.”
The FT cited a court order that allowed the detention of the Binance executives for 14 days, ending Tuesday, with an extension hearing scheduled for Wednesday.
The study comes despite warnings about the risks associated with NFTs due to bad actors around correcting misinformation or misappropriation of trademarks.
The current intellectual property laws are adequate to deal with concerns about copyright and trademark infringement associated with non-fungible tokens (NFTs), a 112-page long study by the United States Patent and Trademark Office (USPTO) and the U.S. Copyright Office has concluded.
The study was requested by Former Democratic Senator from Vermont, Patrick Joseph Leahy and Democratic Senator from North Carolina, Thom Tillis, in June 2022.
The USPTO and the Copyright Office conducted three public roundtables and solicited comments from interested stakeholders. The offices found that most stakeholders that the current laws were adequate, even though “trademark misappropriation and infringement are common on NFT platforms.”
“The Offices agree with these assessments and do not believe that changes to intellectual property laws, or to the Offices’ registration and recordation practices, are necessary or advisable at this time,” the study concluded.
The stakeholders also expressed concerns that NFT-specific legislation would be premature at this time and could impede the evolving development of the tech around NFTs.
This despite a technology industry association warning “that bad actors misappropriate trademarks to solicit, and then exploit, consumers’ personal information and urged the Offices to consider this risk in the context of NFTs.”
U.S. regulation around NFTs has had a shade of ambiguity, if not a spectrum. In August 2023, Impact Theory, a California-based media company, settled charges brought by the U.S. Securities and Exchange Commission (SEC), the first NFT-related enforcement action by U.S. regulators.
Impact Theory sold three tiers of NFT offerings, and because the company promised investors would profit off the collectibles, the SEC deemed these NFTs to be securities. Impact Theory agreed to set up a fund to reimburse investors and pay a fine of $6.1 million. The case did not suggest regulators consider all NFTs to be securities.
The study said the lack of “controlling judicial precedent regarding whether a trademark registration for physical goods can be enforced against the use of that mark on similar digital goods tied to NFTs complicates enforcement efforts.”
Still, the likes of even Donald Trump have introduced and sold out their NFT collections.
TikTok is said to be entering a new battlefield with a photo-sharing social network to compete with Instagram.
According to TechNewsSpace, while Instagram is striving to compete with TikTok in the short video domain, the most prominent features of this American social network are still image uploads and sharing daily stories. Now, TikTok is retaliating against Meta’s platform by developing its own app to compete with Instagram.
According to TheSpAndroid blog, the latest version of the TikTok app has been dissected, revealing numerous references to an upcoming app called ‘TikTok Photos’.
TikTok is about to launch a social network to compete with Instagram
This app is expected to resemble Instagram, with a news feed for users to post photos for friends and family to see. Users will also be able to repost some content from the main TikTok app onto this platform. A snippet of code within the app indicates that it will be a place “where like-minded people, passionate about sharing photos, can find each other” and there will be options to share photos to this social network.
The official release date of TikTok Photos has yet to be disclosed, but an announcement is expected in the near future.
Currently, many prominent Instagram bloggers complain that the social network is increasingly focused on video content, losing its original purpose as a photo-sharing platform. TikTok could potentially fill this gap, but perhaps this is not the most opportune time for such an effort. Specifically, the US Congress is preparing to vote on a bill requiring ByteDance to sell TikTok or face a ban in the US.
On March 12th, the leadership of Quy Nhon City People’s Committee announced that the People’s Committee of Binh Dinh Province had approved the plan to construct the Quy Nhon pedestrian street.
According to Quy Nhon City People’s Committee, relevant agencies have developed a plan to organize the Quy Nhon pedestrian street and submitted it to the People’s Committee of Binh Dinh Province. As of now, the plan has been approved by the competent authorities at all levels and given the green light for implementation.
The construction of Quy Nhon walking street will contribute to the development of the night economy
The plan for constructing the Quy Nhon pedestrian street consists of three routes: Nguyen Thiep, Nguyen Lac – Tran Doc, and Do Doc Bao.
Among these, the Nguyen Thiep route connects to Nguyen Tat Thanh Square and the beach, which are planned and designed for landscape architecture to organize tourism services and events.
The Nguyen Lac – Tran Doc route is planned to develop and connect with the culinary street of Ngo Van So and nearby areas, forming a culinary tourism zone.
Meanwhile, the Do Doc Bao route will be uniformly decorated along the entire length with green trees on both sides of Do Doc Bao and Pham Hung streets, with artistic spaces combined with commercial services. Initially, this street will be implemented in the area adjacent to Nguyen Tat Thanh – Do Doc Bao – Hoang Dieu – Nguyen Hue streets.
Mr. Ngo Hoang Nam, Chairman of Quy Nhon City People’s Committee, shared: “We are directing relevant agencies to continue completing procedures for issuing the official plan and allocating funds, as well as the investment list for infrastructure for the pedestrian street.”
In addition to constructing the pedestrian street, the People’s Committee of Binh Dinh Province also plans to build a new Provincial Comprehensive Museum in Quy Nhon City. At the same time, there will be a plan to relocate the Quy Nhon night market elsewhere and operate it in a modern direction to create unique night attractions, meeting the economic and tourism development requirements of Quy Nhon City.
