Binance, one of the largest cryptocurrency exchanges in the world, said on Monday that Singapore users will no longer be allowed to buy and trade cryptocurrencies on its main platform in accordance with local laws, the Crypto Insider reported. The Monetary Authority of Singapore (MAS) warned Binance.com this month that it may violate local laws and must stop providing payment services to residents of the city-state. Effective October 26, Singapore users will no longer be able to deposit fiat currencies, buy or trade spot cryptocurrencies on the platform, it said in a statement on Monday, and a significant tightening of…
Author: Kevin Le
The Vietnam start-up scene is heating up despite the global pandemic as more consumers are opting to do more things on the internet. According to Nextrans Vietnam, the total investments in start-ups in Vietnam increased by more than 34% in 2021. Vietnam is currently home to more than 3,000 innovative start-ups including the hot new start-up Vietwheels which is an online car marketplace in Vietnam where car buyers benefit from greater choice, convenience and cost saving. Car sellers also benefit from higher sales, turnover and cost efficiency in selling their inventory. The company’s Co-Founder and Managing Director, Mr. Hai Truong…
Midfielder Nguyễn Tuấn Anh (No 11) had an outstanding performance in the match between Việt Nam and Malaysia in the AFF Cup 2020 on Sunday. — Photo courtesy of the VFF Football HÀ NỘI — Despite picking up the best player award in Việt Nam’s win over Malaysia on Sunday night, midfielder Nguyễn Tuấn Anh believes there is plenty of room for him to improve. Việt Nam crushed Malaysia 3-0 in their second match of the AFF Cup at the Bishan Stadium in Singapore, with Anh making his debut in the AFF Cup tournament. “Because of the…
Nearly 400 public bicycles are for rent on the roads of District 1 with the rental price of 5,000 VND for 30 minutes and 10,000 VND an hour. Currently, there is only one point on Le Loi street (next to Nguyen Hue pedestrian street) where bicycles are arranged for people to experience. People experience will start from this point and return here to return the bike for convenience and easy control by the investor. People excitingly enjoy the trial period (Photo: Tran Chung, Vietnamnet) According to the investor, people who want to use it just need a few simple steps,…
From January to August 2021, South and Southeast Asia had seen significant growth in popularity of banking and alternative lending apps. Vietnam, the Philippines, Indonesia, and India observed a 7.8x rise in downloads for banking and alternative lending apps, the research conducted by Robocash Group reveals. The fastest 9x growth in the number of downloads of alternative lending apps is seen in the Philippines. Indonesia and Vietnam are the major countries with a 9-fold increase in downloads of banking apps. Downloads of banking and credit apps have also surged in India, but with a lower rate relative to other countries,…
Vietnam confirmed an additional 15,349 Covid-19 infections in 60 provinces and cities on Monday Hanoi’s Dong Da District has banned large gatherings and suspended on-site dining amid complex Covid-19 situation. According to the ministry’s report, 15,377 of the new patients are locally-transmitted cases confirmed in 60 out of 63 localities in the country including Hanoi (1,000), Binh Phuoc (998), Tay Ninh (919), Ho Chi Minh (915), Ben Tre (867), Ca Mau (793), Dong Thap (740), Can Tho (680), Khanh Hoa (594), Vinh Long (581), etc. There were 28 imported patients confirmed today. The new infections showed an increase of 728…
A plant in Bình Dương Province. Difficulties arising from the pandemic including commercial disputes remained and need to be solved. VNA/VNS Photo HÀ NỘI — When businesses resumed operation after a long period of social distancing, many faced legal disputes due to problems caused by the COVID-19 pandemic The Vietnam International Arbitration Center (VIAC) said that it was common for many businesses to have to suspend or cancel contracts, delay or fail to perform their contractual obligations, and fulfil payments during the pandemic. As of October 2021, the country had 215 disputes related to the purchase and sale of goods, business services, construction, leasing, insurance, finance and banking, and…
Vietnam, known for having some of the most beautiful beaches in the world, said it would reopen Phu Quoc Island to foreign tourists who have been vaccinated from November 2021. The report stated that Vietnam already reopened Phu Quoc Island to vaccinated tourists from November and would reopen its UNESCO World Heritage Sites, including Nha Trang Beach, Halong Bay, Hoi An and Da Lat from December. As the Southeast Asian country steadily rebuilds its tourism sector amid the pandemic, Vietnam has been welcoming foreign tourists since November for the first time since spring 2020. More than 200 foreign tourists arrived…
A district in Hanoi has stopped dine-in restaurant service and advised people to stay indoors due to the heightened Covid-19 pandemic in the area. According to local media, Dong Da District authorities on Monday asked local restaurants and cafes to serve takeaway orders only after raising the pandemic threat level. These services must also close before 9 pm. ###: Hanoi and Ho Chi Minh recorded the largest number of new Covid cases Many wards in the district including Kham Thien, Trung Phung, Quoc Tu Giam, Van Mieu, Phuong Lien, Khuong Thuong, and Tho Quan have reported a sharp rise in…
HONEYFULL: A close-up look of one of Trực’s bee hives. — VNA/VNS Photo NINH THUẬN — Nguyễn Hữu Trực’s business raising stingless bees has not only made him rich, but won him the Ninh Thuận Best Start-up Idea Award 2021. “I was obsessed with bees when I was young,” said the 29-year-old from Phan Rang – Tháp Chàm in Ninh Thuận. “I tried raising honeybees but was not successful. And then I came upon a peculiar bee hive at my backyard, which was full of delicious honey. That was my ‘Eureka’ moment.” The bee hive that Trực encountered was of the…