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Bitget Token (BGB) surged 11% to a record high of $4.6 following the approval of a Bitcoin Service Provider license in El Salvador, enhancing its market presence in a country that adopted Bitcoin as legal tender. Additional factors fueling BGB's growth include expansion into European markets, new payment options for Vietnamese users, and a partnership with a Telegram game that features airdrops and a substantial prize pool. Market metrics show a significant increase in open interest for futures contracts and trading volume, indicating heightened trader confidence and participation.
VPBank has announced a new cash withdrawal limit for its international credit cards, effective from January 1, 2025. The total maximum cash withdrawal limit is set at VND 100 million per month, with VND 10 million for ATM/POS/QR code transactions and VND 90 million for telephone/VPBank NEO transactions. Customers can withdraw amounts within the available limit of each card type.
KienLongBank has significantly reduced its deposit interest rates across all terms, following a previous increase. The new rates for 1 to 4 months drop to 3.3%/year, while 6-month deposits are now at 5%/year. In contrast, nine banks, including Dong A Bank and VPBank, have raised their rates since early December.
VPBank has partnered with Thế Giới Di Động to implement a payment agency model, encouraging users to update their biometrics and identification documents. Customers can win an iPhone 16 Promax and other prizes worth up to 7 billion VND. Starting January 1, 2025, banks will cease transactions with customers who do not comply with new regulations.
On December 6, Techcombank and VPBank adjusted their savings interest rates, with Techcombank offering up to 5.1%/year for high-end customers on longer terms, while VPBank's highest rate reached 5.7%/year for large deposits over 24 months. Both banks have implemented increases of approximately 0.2 percentage points to attract depositors amid rising capital needs and exchange rate pressures.
Vietnam faces the risk of becoming a target for tariffs from the new Trump administration, as its trade surplus with the United States continues to grow significantly. Industry executives and analysts have raised concerns about the implications of this escalating trade imbalance.
Nvidia's CEO Jensen Huang has signed an agreement to establish an artificial intelligence research and development center in Vietnam, enhancing the company's footprint in Southeast Asia. This initiative, alongside a Viettel Group data center utilizing Nvidia technology, aims to advance AI capabilities in the country, as noted by Vietnam’s Investment Minister Nguyen Chi Dung during the signing ceremony in Hanoi, attended by Prime Minister Pham Minh Chinh.
South Korea's yield spread has improved significantly, with 5-year interest rates dropping to about 2.9% amid falling inflation expectations. While office cap rates have seen minimal expansion, strong investor interest persists due to a robust rental outlook. APAC GDP growth is projected at 3.9% for 2024 and 2025, despite potential geopolitical risks from a new US administration.
Việt Nam is increasingly integrating AI into its healthcare sector, with a focus on enhancing clinical practices and decision-making. While private healthcare systems like Vinmec are advancing, public healthcare faces challenges due to outdated infrastructure and manual record-keeping. Establishing a legal framework for AI governance is crucial for building public trust and ensuring data quality.
Vietnam is harnessing Artificial Intelligence (AI) to transform its healthcare sector, with significant investments and partnerships driving growth. While private healthcare systems like Vinmec are integrating AI effectively, public healthcare faces challenges due to outdated infrastructure and manual record-keeping. Establishing a legal framework for data privacy and ethical AI use is crucial for building public trust and ensuring effective implementation.
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