Day: April 1, 2022

Blockchain technology is booming in Vietnam and a bright future lies ahead for the industry, according to US-based Globe Newswire, one of the world’s largest newswire distribution networks, specialising in the delivery of corporate press releases, financial disclosures and multimedia content to media, investors, and consumers worldwide.

Globe Newswire said that many Vietnamese enterprises attended the Vietnam Blockchain Expoverse, held in Dubai on March 27. The event was an opportunity for blockchain enthusiasts and companies to share their experiences and views on blockchain’s vision, potential, challenges and technology applications.

Gwendolyn Regina, Investment Director of BNB Chain Fund, said that Binance Chain had experienced rapid growth in the last year. Blockchain technology was widely applied, especially to Defi (Decentralised Financed).

She predicted that the interference of Defi, GameFi, and NFT will appear in the next five years. Tokens will be a valuable long-term asset in the future instead of just being a currency or a means of trading. It is currently known as a digital asset that is issued and operated on a blockchain platform of available projects without owning its own blockchain.

Meanwhile, James Wo forecast that blockchain technology would be even more common, with the market expanding ten times larger. The number of users will be as many as the number of Internet users.

According to Lynn Hoang, Binance SEA Director, Binance is also making efforts to promote the development of blockchain technology in Vietnam

She said Vietnam will soon become the frontrunner in the global blockchain industry. The country is in the top 10 on Binance for various aspiring blockchain projects and products that attracted attention from the global community.

Tran Dinh, CEO of AlphaTrue, a Vietnamese company specialising in Blockchain products, said Vietnam has abundant human and technology resources and a large blockchain community.

According to him, Vietnam has advantages to become a potential land for blockchain projects, such as diverse choices and low costs. However, he also acknowledged that challenges lie ahead namely human resources, infrastructure and policy. Therefore, Vietnamese blockchain businesses urgently need the support of the government and large corporations./.

Source: Vietnam News Agency

Despite suffering the negative impact of the COVID-19 pandemic and the Russia-Ukraine conflict which affects international trade, import and export activities of Ho Chi Minh city still achieved impressive growth in the first quarter of this year.

Statistics from the municipal Statistics Department showed that the city’s foreign trade was valued at nearly 17.4 billion USD between January and March, up 18.4 percent year on year.

The city’s export value hit nearly 11.9 billion USD in the period, an increase of 3.5 percent compared to the same period last year.

Of the figure, the FDI sector accounted for the highest proportion of more than 6.5 billion USD, followed by the non-State and State sectors with more than 3.2 billion USD and 564.4 million USD, respectively.

In terms of export structure, the group of industrial products saw the highest export value, reaching 7.4 billion USD, up 19.1 percent over the same period and making up 75.3 percent of the combined export turnover. They included such items as computers, electronic products and components, textiles and garments, machinery, and other types of equipment.

Notably, the group of agricultural products recorded a turnover of over 1.1 billion USD, up 54 percent year on year and accounting for 11.7 percent of the city’s total export value while the group of aquatic products had export earnings of 270 million USD, up 70 percent.

During the three-month period, China was the biggest buyer of HCM city’s enterprises with over 2.5 billion USD in revenue. It was followed by the United States and Japan with 1.6 billion USD and 701.8 billion USD, respectively.

In March alone, export earnings were estimated at nearly 4.6 billion USD, a year-on-year increase of 42.7 percent.

Meanwhile, the city’s import turnover was up 30.6 percent, hitting nearly 6.8 billion USD./

Source: Vietnam News Agency

The number of new COVID-19 infections continued to drop with 72,556 cases, including an imported case, recorded on April 1, down 8,272 cases from the previous day, according to the Ministry of Health.

Hanoi continued to report the highest number of infections on the day with 7,734 cases, followed by Nghe An with 3,226 and Dak Lak with 3,099.

The northern province of Vinh Phuc added 13,498 cases to the national caseload after verifying information.

The national tally reached 9,650,663.

A total 87,463 patients were given the all-clear during the day, raising the number of recoveries to 7,606,476.

There are 2,541 patients in critical conditions, while an additional 33 deaths were recorded in the past 24 hours, taking the total fatalities to 42,526, equal to 0.4 percent of the total caseload.

By March 31, the country had injected 206,338,189 doses of COVID-19 vaccines./.

Source: Vietnam News Agency