Nguyen Ayi

NewsTech
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Two New Internet Cables In The Works

Posted byNguyen Ayi

By Joe Fotalatte

Two new cable systems are planned to help bring Vietnam’s total number of available undersea cables to seven. They will go into operation later this year.

With an initial investment of US$439 million, SJC2 has received funding from VNPT and several international partners, including CHT, CMI, DHT, Meta (Facebook), KDDI, Singtel, SKB, Telin, and TICC.

Currently, domestic internet service providers (ISPs) are using SMW-3, AAG, IA, APG, and AAE-1 as their five undersea cable routes.

While SMW-3 is functioning properly, the remaining cables are having problems, which has a significant impact on internet connection traffic from Vietnam.

Major ISPs are actively coordinating with submarine cable systems and ship operators to pinpoint the source of these problems, the incident’s location, and the most appropriate course of action for repairs.

The Ministry of Information and Communication has stated that Vietnam will require at least two to four additional undersea cable routes by 2025 to meet the needs of local internet users and maintain the safety level of Vietnamese communication with the rest of the world.

FinanceNews
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Vietnam Lacks Regulation In Investment Scams

Posted byNguyen Ayi

Opinion by Joe Fotalatte

Despite positive outlooks in the local press on tourism, real estate, stock markets, and other struggling industries, a Hanoi Times article is calling for Vietnam to have a regulatory framework regarding cryptocurrencies. Surprisingly, the author is the Founder of RMIT FinTech-Crypto Hub, Pham Nguyen Anh Huy, Senior Lecturer in Finance at RMIT University Vietnam.

The article noted that exchanges like Binance or Remitano operate freely in Vietnam without a financial services provider license, and investors who profit from cryptocurrency do not pay taxes on their capital gains. In contrast, cryptocurrency exchange providers in Singapore and soon Hong Kong must pass a rigorous licensing process.

The author concluded many cryptocurrency projects, particularly GameFi, Move to Earn, Metaverse, and Web3, were introduced in the unregulated setting, which he claims boosted national innovation and propelled the digital economy.

However, Huy says, the absence of a regulatory framework has resulted in negative aspects, including a volatile business environment, unprotected investors in scams, difficulty in tracking fraudulent and criminal activities such as money laundering, and the inability of tax authorities to collect taxes.

Regardless of the self-promotion, the call for regulation from an industry insider was a breath of fresh air because the local press has been irresponsible on the issue, and the average Joe is left holding the bag in any Ponzi scheme scam.

New BriefsNews
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News Briefs: February 13, 2023

Posted byNguyen Ayi

 

By Joe Fotalattee

Vietnam Consumes Over 2 Million Dogs A Year

VnExpress reported on Sunday that numerous dogs were found butchered inside a house in the Binh Chanh District, HCMC.

Nguyen Hoang Trieu, 43, the other, initially resisted the police, but he was eventually overcome. Officers seized tasers, bags of chili powder, and tear gas cans from the man.

Nguyen Duy Khanh, the 43-year-old home’s owner, was eventually made to force the door open. The police found numerous dogs dead inside the home, but a drop in the bucket considering the country’s current dog meat consumption.

End Of COVID-19 Epidemic?
The bulletin on COVID-19 prevention on February 12 of the Ministry of Health reported that there were 41 new cases of COVID-19; 11 cases were announced to be cured; and no deaths. No vaccines were administered on Sunday.

Binh Duong Plans To Move Factories Out Of Residential Areas
According to a representative of Binh Duong Provincial People’s Committee, the relocation of industrial production enterprises out of residential areas and putting them into operation in concentrated industrial zones is a priority policy of Binh Duong province. The province is surveying, planning step by step, each locality in the process of relocation to ensure benefits as well as solve problems for businesses in the relocation area. The purpose of relocating production facilities out of residential areas in southern localities is to create civilized and modern living in its urban renewal. Planners are looking at improvements in areas such as Thu Dau Mot, Di An, Thuan An cities.

Ministry of Transport Cracks Down On Illegal Subcontracting
Nguyen Van Thang, the minister of transport, recently sent a document asking the departments of transport to strengthen the management and evaluate, inspect, and oversee the execution of the ministry-approved construction investment projects.

The Ministry of … Read more

EnvironmentNews
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Pets Or Meat? Endangered Wildlife Issues In Vietnam

Posted byNguyen Ayi

by Joe Fotalattee

Tuoi Tre reported on Sunday that an endangered long-tailed monkey was roaming on Huynh Tan Phat Street in D7, scaling telecom cables and house roofs before breaking into local homes in search of food.

According to a representative of the Ho Chi Minh City Forest Protection Department, using images captured by locals, they were able to identify the animal as a long-tailed macaque, scientifically known as Macaca fascicularis.

To handle the primate, the Forest Protection Department of Ho Chi Minh City worked with the neighborhood authorities.

Recently an animal protection organization called Education for Nature – Vietnam (ENV), released a PSA entitled “Ditzy Man,” serving as a friendly reminder to all Vietnamese citizens that wildlife is protected by the law and that violators may face harsh penalties.

CrimeNews
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Local Police Tackle Local Gangs

Posted byNguyen Ayi

By Joe Fotalattee

Thien Giang Provincial Police criminally detained several subjects on February 13 for misappropriating property, using weapons, loan sharking, and illegal sand mining.

Dang Hoang Vu, also known as Vu Tinh, was born in 1971 and resides permanently at Tran Hung Dao Street in My Tho City, Tien Giang. He is a member of an alleged loan-shark gang in Chau Thanh district.
Additional suspects Nguyen Van Vui, also known as Vui Ba Dang, born in 1985, resides in My Tho city, Pham Thanh Hien, also known as Cu Den born in 1994, resides in My Thanh Nam commune, and Cai Lay district and Tran Thanh Tuan, also known as Tuan Bo, born in 1978, resides in Phu Kie.

The Tien Giang Provincial Police had previously discovered the group controlling the area displaying evidence of protection, debt collection, property expropriation, illegal sand mining, theft, and using weapons in Tien Giang, Tra Vinh, and Ben Tre provinces.

Horoscopes
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February 2023 Horoscopes

Posted byNguyen Ayi

 

Aries

You will be traumatized when answering a classified ad in person (and will also unwittingly expand your sexual horizons by learning that the phrase “Tranny for Sale” doesn’t always refer to a motorcycle transmission).

Taurus

There’s an old maritime proverb that states: “There’s no such thing as a favorable wind for a man who has no idea where he’s going.” There’s also no such thing as a favorable wind for a man who’s just eaten a Circle K Burrito.

Gemini

Well, right there’s your problem, Gemini. You’ve got hydraulic star fluid re-calibrating your luck rod when Pluto’s in the 6th House. But, I can’t get Ronnie on it till next week, we’re covered up. Unless you pay extra labor.

 

Cancer:

You will solve the global warming crisis by developing an alternative fuel source out of telemarketers, thus killing two birds with one stone and subsequently earning you the Nobel Prize for Chemistry.

 

Leo:

“After testing 11 other potential men, when it comes to six-month-old Shauna, Leo …You are the father.” “Now what, punk?! That’s yo baby! Now what?! Now what?! How you like me now?! You and your crazy momma both better be getting’ jobs! Yeeah! You gonna pay up! You gonna pay up!”

 

Virgo

Naked, you resemble a mudslide… only hairier. And, I’m sure the other 2,000 people at Le Van Tam Park will back me on that.

 

Libra

You will awaken to a legion of eager pilgrims at your door mere hours after your roommate posts a photo of you passed out with a chili stain on your shirt in the shape of the Blessed Virgin.

 

Scorpio

In the coming weeks, your life will come to resemble a bad Gregory Hines movie. But, the dancing will be much, much worse.

 … Read more

New BriefsNews
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News Briefs: Sunday, February 12, 2023

Posted byNguyen Ayi

by Joe Fotalattee

Writing On The Walls

When a real estate company starts being semi-honest with occupancy numbers, you know a real estate crisis is imminent.

VnExpress highlighted a Savills’ report that 90–95 percent of larger apartments of 90–110 square meters are vacant.

In the Phu Nhuan District’s Huynh Van Banh Street, an owner of a serviced apartment project told the outlet the majority of his two- or three-bedroom apartments were empty. According to him, his smaller apartments frequently offered “better living space and more utilities” than their larger counterparts.

According to Savills’ most recent serviced apartment report, one- and two-bedroom apartments in HCMC are in high demand because of their affordable rents.

Attention Foreigners: Visa Free Travel For 45 Days In A Modern Affordable City With Jobs, And They Won’t Fuck Up Your Coffee Order

Vietnam Airlines announced new flights to Bangkok from Tan Son Nhat International Airport in Ho Chi Minh City to Suvarnabhumi Airport in Bangkok. The price of a one-way ticket between HCMC and Bangkok is VND1,154,750 ($48.96), taxes and fees included. In Thailand it easy to renew the free visa without leaving the country and professional jobs are plentiful in this modern metropolis.

Money Flows One Way

According to reports, Intel (NASDAQ:INTC) is considering increasing its current investment in Vietnam “significantly” in order to increase production at its chip testing and packaging facility.

Reuters reported that the potential increase in investment could be worth up to $1B, citing sources with knowledge of the situation. The previous investment in the nation by Intel (INTC) was $1.15 billion.

The largest chip packaging and testing facility owned by Intel (INTC) is currently located in Ho Chi Minh City.

Elephant Dies In Dak Lak

In the province of Dak Lak in the Central Highlands, a 34-year-old elephant passed away … Read more