Crypto Legalized and Defined On June 14, Vietnam’s National Assembly passed the Law on Digital Technology Industry, officially recognizing crypto assets for the first time. This landmark legislation categorizes digital assets into two classes: virtual assets and crypto assets. While both categories utilize encryption or digital validation, they explicitly exclude securities, fiat currencies, and other…
How Digital Technologies Affect Sustainable Agriculture Last month, during the Partnering for Green Growth (P4G) Summit held in Hanoi, experts discussed the impacts of digital technology in agriculture. Donal Brown, Associate Vice President for Agricultural Development at IFAD, stressed the role that these technologies can play in aiding sustainability. Technological inventions nowadays focus more on…
South Korea, Vietnam, Malaysia, Thailand, and Hong Kong are at the forefront of Asia’s surge, spearheading the adoption, governance, and innovation that are transforming global finance. Unlike many parts of the world, Asia is quickly solidifying a primary position in the cryptocurrency and decentralized finance ecosystem. At the forefront of this change are South Korea,…
Vietnam’s Ministry of Finance is prototyping a new model where Bybit—a global player in buying and selling cryptocurrency—will provide the needed infrastructure. With the rest of Southeast Asia still on the sidelines, Vietnam is taking a leading role for responsible crypto control. The model establishes how governments can manage the necessary transparency and security and…
Vietnam is moving to center stage in the regulated cryptocurrency market by announcing a pilot crypto trading platform with pivotal technological support from Bybit, one of the largest cryptocurrency exchanges globally. As the report from Vietnam Investment Review indicates, the country’s position in the rapidly changing ecosystem of digital assets showcases the goals of economic…
Hanoi, Vietnam– In order to regulate the fast growing market of cryptocurrency, Vietnam’s Ministry of Finance is moving ahead with plans to set up a pilot crypto trading platform. A report published in the Vietnam Investment Review on April 18 claimed that the international cryptocurrency exchange Bybit will assist with the project on a technological…
Hanoi, Vietnam – Vietnam’s Ministry of Finance on April 17 announced the plan for creating a testing model of internal cryptocurrency exchange in the country, which constitutes a major step towards formalizing the rapidly growing digital asset market. The plan came to light during the meeting held in Hanoi, with Finance Minister Nguyen Van Thang…
The Vietnamese textile industry, incorporating new technology in the production processes, is entering the advanced segment of protective textiles and clothing manufacturing. The Vietnam National Textile and Garment Group (Vinatex) has commercially developed an advanced product line and extends further in the value chain through new export prospects, showcasing Vietnam’s capability to meet global requirements.…
Vietnam’s economy, an emerging manufacturing juggernaut, is beginning to experience the pressure of deepening global trade disagreements, especially considering the U.S.’s imposition of hefty tariffs. The government’s economic performance report (GSO) fell short of expectations last Sunday. The report noted that the government revenue and spending balance funds have recorded below-average expenditures, suggesting a near…
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