Topic: SEA

The June 10 event held in response to World Oceans Day and World Environment Day

The International Data Corporation (IDC) has predicted that Vietnam will lead Southeast Asia in cloud computing, with a compound annual growth rate (CAGR) of up to 32 per cent between 2018 and 2023.

According to Statista, Vietnam ranks fifth in the world in terms of NFT (non-fungible token) users, with 2.19 million in 2021. It is third in Asia, behind Thailand and China, and ahead of India. The explosion of the NFT market in Southeast Asia is due to many reasons, including the popularity of money-making games such as Axie Infinity from Vietnamese company Sky Mavis and the number of artists featured. Their work on social networking platforms like Discord and Twitter is increasing.

Figures from KIS Securities show that in the week May 30 to June 3, inflows from exchange-traded funds (ETFs) into Southeast Asia reached $145 million and rose the highest for eight years, with Vietnam alone attracting $85 million. The fact that the VND is gaining against other currencies is a positive factor supporting net withdrawals by ETFs.