Este documento fornece instruções detalhadas para registrar as informações essenciais de um jogo de voleibol, incluindo os nomes das equipes, jogadores, pontuação, substituições, penalidades e resultado final. Fornece um formato padronizado para garantir a precisão dos registros durante toda a partida.
O documento resume as principais regras e história do handebol, incluindo número de jogadores, posições, infrações e punições. Explica que o handebol surgiu na Europa nos anos 1920 e fez parte dos Jogos Olímpicos desde 1936.
Following the Government’s implementation of effective COVID-19 containment measures, in the first half of 2020, Vietnam economy witnessed GDP growth falling to 1.81%, the lowest first-half growth for the last 10 years. The pandemic has disrupted global trade and supply chains leading to deterioration in corporate earnings and individual income, which eventually weakens credit demand and asset quality of the banking sector in Vietnam.
Access to our FULL REPORT: http://fiinresearch.vn/Reports/2125D-vietnam-banking-report-2020-.html
In this Banking Report 2020, we provide in-depth analysis of the impact of COVID-19 on every aspect of the banking sector and individual banks, including credit growth, asset quality, earning quality, liquidity, profitability, and operation efficiency. Development trends and regulations in response to the pandemic are also covered.
Vietnam Cryptocurrency Market by Product Type, Distribution Channel, End User...IMARC Group
The Vietnam cryptocurrency market size is projected to exhibit a growth rate (CAGR) of 10.00% during 2024-2032.
More Info:- https://www.imarcgroup.com/vietnam-cryptocurrency-market
Cryptocurrency And NSE Stock Market: A Comparative Data AnalysisIRJET Journal
This document analyzes and compares data from the top 25 cryptocurrencies and stocks traded on the National Stock Exchange (NSE) of India. It plots graphs of factors like volatility, market capitalization, and prices over different time ranges for cryptocurrencies and NSE stocks. The goals are to help investors understand the behavior of these investment options, determine which are trending or declining, and decide where to invest. The document finds that cryptocurrency markets experience more volatility and fluctuations than stock markets, but also have potential for higher returns. However, cryptocurrencies lack intrinsic value and regulation. The analysis aims to provide Indian investors insights into both markets to help them make informed investment decisions.
Colliers International Vietnam
Quarterly Knowledge Report for the latest updates on the Residence, Serviced Apartment, Office, Retail and Industry Real Estate market in Vietnam
VIETNAMESE MARKET ANALYSIS Practical and Legal PerspectiveDr. Oliver Massmann
The document is a presentation by Oliver Massmann of Duane Morris Vietnam LLC providing an overview of investing in Vietnam. It discusses why Vietnam is an attractive investment destination due to its strong economic growth rates and integration into regional and international trade agreements. Several key points are made about Vietnam's economy in 2015, its transition from a rice importer to exporter, and projected growth rates. The benefits of trade agreements such as the ASEAN Economic Community, EU-Vietnam Free Trade Agreement, and Trans-Pacific Partnership for Vietnam and foreign investors are also summarized.
Este documento fornece instruções detalhadas para registrar as informações essenciais de um jogo de voleibol, incluindo os nomes das equipes, jogadores, pontuação, substituições, penalidades e resultado final. Fornece um formato padronizado para garantir a precisão dos registros durante toda a partida.
O documento resume as principais regras e história do handebol, incluindo número de jogadores, posições, infrações e punições. Explica que o handebol surgiu na Europa nos anos 1920 e fez parte dos Jogos Olímpicos desde 1936.
Following the Government’s implementation of effective COVID-19 containment measures, in the first half of 2020, Vietnam economy witnessed GDP growth falling to 1.81%, the lowest first-half growth for the last 10 years. The pandemic has disrupted global trade and supply chains leading to deterioration in corporate earnings and individual income, which eventually weakens credit demand and asset quality of the banking sector in Vietnam.
Access to our FULL REPORT: http://fiinresearch.vn/Reports/2125D-vietnam-banking-report-2020-.html
In this Banking Report 2020, we provide in-depth analysis of the impact of COVID-19 on every aspect of the banking sector and individual banks, including credit growth, asset quality, earning quality, liquidity, profitability, and operation efficiency. Development trends and regulations in response to the pandemic are also covered.
Vietnam Cryptocurrency Market by Product Type, Distribution Channel, End User...IMARC Group
The Vietnam cryptocurrency market size is projected to exhibit a growth rate (CAGR) of 10.00% during 2024-2032.
More Info:- https://www.imarcgroup.com/vietnam-cryptocurrency-market
Cryptocurrency And NSE Stock Market: A Comparative Data AnalysisIRJET Journal
This document analyzes and compares data from the top 25 cryptocurrencies and stocks traded on the National Stock Exchange (NSE) of India. It plots graphs of factors like volatility, market capitalization, and prices over different time ranges for cryptocurrencies and NSE stocks. The goals are to help investors understand the behavior of these investment options, determine which are trending or declining, and decide where to invest. The document finds that cryptocurrency markets experience more volatility and fluctuations than stock markets, but also have potential for higher returns. However, cryptocurrencies lack intrinsic value and regulation. The analysis aims to provide Indian investors insights into both markets to help them make informed investment decisions.
Colliers International Vietnam
Quarterly Knowledge Report for the latest updates on the Residence, Serviced Apartment, Office, Retail and Industry Real Estate market in Vietnam
VIETNAMESE MARKET ANALYSIS Practical and Legal PerspectiveDr. Oliver Massmann
The document is a presentation by Oliver Massmann of Duane Morris Vietnam LLC providing an overview of investing in Vietnam. It discusses why Vietnam is an attractive investment destination due to its strong economic growth rates and integration into regional and international trade agreements. Several key points are made about Vietnam's economy in 2015, its transition from a rice importer to exporter, and projected growth rates. The benefits of trade agreements such as the ASEAN Economic Community, EU-Vietnam Free Trade Agreement, and Trans-Pacific Partnership for Vietnam and foreign investors are also summarized.
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
This document provides an overview of blockchain trends in 2017. It discusses how blockchain is being applied in various industries such as banking, financial services, cryptocurrency, supply chain management, and IOT. It also analyzes funding and investment in blockchain startups, noting that over $2.2 billion has been invested in 923 blockchain companies to date. Potential risks and regulations related to cryptocurrencies are also examined.
Naos Blockchain presents this report with the following objectives:
1. Describe the evolution of the crypto market and give a
comprehensive summary of the current market situation.
2. Provide detailed information regarding major factors
influencing the market. Drivers, restraints, opportunities,
and challenges.
3. Present the outlook as perceived by the NAOS Team.
This report was created at the beginning of 2019, therefore all data up to February 2019 is historical data, with the base
year for calculations being 2018.
The document provides an overview of the state of blockchain in Q1 2016. Some key points:
- Total VC investment in bitcoin and blockchain startups rebounded in Q1 after declining in Q4 2015, though investment remains below previous highs. The average deal size and largest deals also increased.
- More VC funding is going to blockchain rather than bitcoin startups, as companies pivot away from currency applications. Over 40% of all funding now goes to blockchain and hybrid startups.
- The number of blockchain companies has grown significantly from 14 in Q1 2015 to 59 in Q1 2016. Investment is concentrating in the US, UK, Israel, Argentina, Sweden and Germany.
- Metrics like
MindWorks Ventures presents 'Blockchain Report 2017' which includes an introduction to blockchain, industry trends, relevant blockchain startups, and potential risks and regulations.
The newsletter provides an overview of trends in the online payment processing industry in Q4 2017. Key topics covered include the growth of fintech and online payments driven by mobile devices, e-commerce, and changing demographics. Mobile wallets and NFC technology are poised to replace traditional credit cards. Blockchain represents a potential disruption to the industry. The payment processing industry is consolidating through mergers and acquisitions as larger players seek to expand. Governments are playing a role in regulating the industry and encouraging further development.
In the midst of an uncertain situation, DEX volume hit an ATH and Bitcoin's non-correlation comes into question. View IDEX's latest quarterly report for a summary of Q1 2020.
The document provides an overview of the Vietnamese stock market and SSI Securities Corporation. It notes that the Vietnamese stock market capitalization reached over USD150 billion in 2023 and is expected to continue growing. The KRX trading system will be implemented in 2024, allowing for T+0 settlement and helping Vietnam achieve emerging market status. SSI is a leading securities firm in Vietnam with over 10% market share and a diversified business model across brokerage, asset management, investment banking and proprietary investments.
BitRush Corporation presents CryptoBusiness, a business model based on cryptocurrency and cryptography. BitRush operates a bitcoin portal and incubator for crypto-based startups, and has over 15% of global bitcoin users visiting its websites. It aims to drive highly scalable revenue growth by expanding its existing businesses and incubating new crypto-enabled consumer services in entertainment, gaming, and payments.
The Role of RBI on Implementation of Digital Currencies in Indiaijtsrd
In the present technological world, technology provided many advances and the widespread use of the Internet, various digital currencies have emerged. In most cases, Internet platforms such as Face book and Amazon restrict the functionality of their digital currencies to enhance the business model and maximize their profits. While platform based digital currencies would increase the efficiency of retail payments, they could also raise some important policy issues if they were to become widely used outside of the platform. Thus, it is important to closely monitor the evolution of these digital currencies. Dr. Rajendra Prasad G R "The Role of RBI on Implementation of Digital Currencies in India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-6 , October 2022, URL: https://www.ijtsrd.com/papers/ijtsrd52108.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/52108/the-role-of-rbi-on-implementation-of-digital-currencies-in-india/dr-rajendra-prasad-g-r
My slide deck on VC investment in the blockchain and cryptocurrency space globally, recent regulatory developments in Southeast Asia, and a summary of enterprise-grade blockchain solutions launched in Thailand. Presented 26 April 2019 at the Fintech on the Block networking night and fireside chat in Bangkok hosted by Bitkub. Many thanks to Vasharada Lapcharoen of Digital Ventures, who did much of the research and created many of the slides.
This document discusses whether cryptocurrency can serve as a store of value during the current economic crisis caused by the COVID-19 pandemic. It begins by noting that cryptocurrency believers have argued it can serve as a safe haven, but questions whether cryptocurrencies actually reassured investors during this crisis. The document then provides an overview of the following chapters which will evaluate cryptocurrencies' qualifications as a store of value by examining their market size, investors, potential for market manipulation, regulation, and price stability. The goal is to determine if cryptocurrency can fulfill the role of a reliable store of value or if its value is too volatile, like the Dutch tulip bulb market crash in the 1600s.
This paper aims to provide a foundation for anyone looking to understand the potential of digital assets such as crypto currencies as a future asset class.
The cryptocurrencies were designed to be medium of exchange. The blockchain technology on which cryptocurrencies are based on offers many possibilities for computer science and all future businesses. For the past decade experts as well as laypeople have been experiencing cryptocurrencies in extremes. They either have a very positive attitude or a very negative attitude towards them. Experts who have very positive attitudes towards them believe that cryptocurrencies create new ways of conducting business and new ways of trust relationships are managed. Experts who have very negative attitudes towards them often emphasize the fact that they are often linked to negative connotations such as being a tool for criminal activities or skipping social responsibilities such as tax avoidance and corruption. They also emphasize the fact that it is a new, unexplored technology and an unstable market. The blockchain technology on which cryptocurrencies are based on offers man possibilities for computer science and all future businesses. For the past decade experts as well as laypeople have been experiencing cryptocurrencies in extremes. There are more than 1,600 cryptocurrencies in circulation today, with a combined market cap of over 289 billion, according to Coin Market Cap data. Investors around the world are eager to trade in this rapidly growing space, and a slew of cryptocurrency platforms have emerged to meet the need for infrastructure to support the exchange of digital currencies. Though they call themselves exchanges, from an investors standpoint they function similarly to e brokerages and their rapid rise is reminiscent of the explosion of electronic discount brokerage firms during the dotcom bubble of the late 1990s. Dr. Chandrakant N. Kokate "Cryptocurrency: Advantages and Disadvantages" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-1 , February 2023, URL: https://www.ijtsrd.com/papers/ijtsrd52656.pdf Paper URL: https://www.ijtsrd.com/economics/financial-economics/52656/cryptocurrency-advantages-and-disadvantages/dr-chandrakant-n-kokate
The Israeli FinTech industry has grown significantly in recent years, with almost 500 companies as of 2017. Several factors have contributed to Israel becoming a global FinTech hub, including technological strengths from the IDF, experienced entrepreneurs, government support, involvement of local and foreign financial institutions, a strong investor base, and a dynamic community. Some of the key trends in the Israeli FinTech sector include increased funding and revenues in 2018, with more debt financing being raised. Certain subsectors like payments and trading & investing are attracting more funding, while others like lending & financing saw a drop in equity funding but an increase in debt raises. The world's interest in the Israeli FinTech ecosystem also grew in 2018, with more participation from international investors and
The document provides an overview of the fintech sector in Vietnam, including key metrics on digital payments, companies/startups, funding, and consumer adoption from 2017-2022. Some of the key points include:
- Digital payment transaction value in Vietnam reached $20.6 billion in 2022 and is estimated to reach $40.5 billion by 2027.
- There were 57.6 million digital payment users in Vietnam in 2022, estimated to grow to 79.3 million by 2027.
- As of September 2022, there were 263 operating fintech firms in Vietnam, up from 144 in 2018.
- In the first 9 months of 2022, fintech funding deals in Vietnam totaled
MezzaCap Corporation is presenting an offer to investors to finance its cryptocurrency business ventures. It operates several cryptocurrency and blockchain related websites and aims to consolidate revenue streams from advertising, fees, and investments in startups. MezzaCap projects strong revenue growth through building new services and expanding into new markets like BRIC countries and Central and Eastern Europe. The presentation outlines MezzaCap's business model, assets, management team and plans to undertake a reverse takeover of The Streetwear Corporation and private placement offering to raise capital for further investments.
StoxPlus is pleased to introduce our first issue of Vietnam Bank Card report. This issue is expected to be released annually, covering most up-to-date card data on the market.
This issue details how the card market has developed exponentially since 2002, after the introduction of card system in Vietnam. The competitive dynamics have been thoroughly ratified. This picture with domination of debit card has not changed, but is expected to gradually shift with the changes in consumer behavior. Technology and infrastructure have become more critical, therefore, the report also highlights the rise of infrastructure and technology advancement and its applications in bank card market. To gain a deeper understanding of the attributes that customers value, we surveyed the products offered by selected financial institutions.
Below are the most critical findings in our first issue:
1) The number of bank cards in circulation in Vietnam has recorded a double-digit growth rate in the past 6 years, and reached 90.4 million at YE2015. Total card number is growing exponentially at CAGR of 26.56%, with debit card being the dominant type. State-owned commercial banks (SOCBs) make up 66% of total cards circulating in Vietnam. Among SOCBs, Vietinbank is the most popular card issuer with over 19.3million cards by all types.
2) ATM and POS systems have been growing extensively at two-digit in the past 5 years. The growth rate of ATM and POS system has been 25 – 30% in the past 5 years, reaching 16,855 ATM and over 217,000 Point of Sales (“POS”) by YE2015. However, the distribution and coverage of ATM and POS system are still far below our peer countries.
See more at: https://biinform.com/Reports/185-vietnam-bank-card-report-2016-8350.html
The financial applications of Blockchain technology range from cryptocurrencies and ICOs to payment systems and financial instruments. We can see ICOs becoming the new IPOs for businesses and startups. Blockchain enables the businesses to lower costs by simplifying the processes highlighted in this research.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against developing mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
Colliers International Vietnam
Quarterly Knowledge Report for an economic overview and analysis on the Residence, Serviced Apartment, Office, Retail, Condominium, Villa/Townhouse and Industry Real Estate market in Vietnam.
This document provides an overview of blockchain trends in 2017. It discusses how blockchain is being applied in various industries such as banking, financial services, cryptocurrency, supply chain management, and IOT. It also analyzes funding and investment in blockchain startups, noting that over $2.2 billion has been invested in 923 blockchain companies to date. Potential risks and regulations related to cryptocurrencies are also examined.
Naos Blockchain presents this report with the following objectives:
1. Describe the evolution of the crypto market and give a
comprehensive summary of the current market situation.
2. Provide detailed information regarding major factors
influencing the market. Drivers, restraints, opportunities,
and challenges.
3. Present the outlook as perceived by the NAOS Team.
This report was created at the beginning of 2019, therefore all data up to February 2019 is historical data, with the base
year for calculations being 2018.
The document provides an overview of the state of blockchain in Q1 2016. Some key points:
- Total VC investment in bitcoin and blockchain startups rebounded in Q1 after declining in Q4 2015, though investment remains below previous highs. The average deal size and largest deals also increased.
- More VC funding is going to blockchain rather than bitcoin startups, as companies pivot away from currency applications. Over 40% of all funding now goes to blockchain and hybrid startups.
- The number of blockchain companies has grown significantly from 14 in Q1 2015 to 59 in Q1 2016. Investment is concentrating in the US, UK, Israel, Argentina, Sweden and Germany.
- Metrics like
MindWorks Ventures presents 'Blockchain Report 2017' which includes an introduction to blockchain, industry trends, relevant blockchain startups, and potential risks and regulations.
The newsletter provides an overview of trends in the online payment processing industry in Q4 2017. Key topics covered include the growth of fintech and online payments driven by mobile devices, e-commerce, and changing demographics. Mobile wallets and NFC technology are poised to replace traditional credit cards. Blockchain represents a potential disruption to the industry. The payment processing industry is consolidating through mergers and acquisitions as larger players seek to expand. Governments are playing a role in regulating the industry and encouraging further development.
In the midst of an uncertain situation, DEX volume hit an ATH and Bitcoin's non-correlation comes into question. View IDEX's latest quarterly report for a summary of Q1 2020.
The document provides an overview of the Vietnamese stock market and SSI Securities Corporation. It notes that the Vietnamese stock market capitalization reached over USD150 billion in 2023 and is expected to continue growing. The KRX trading system will be implemented in 2024, allowing for T+0 settlement and helping Vietnam achieve emerging market status. SSI is a leading securities firm in Vietnam with over 10% market share and a diversified business model across brokerage, asset management, investment banking and proprietary investments.
BitRush Corporation presents CryptoBusiness, a business model based on cryptocurrency and cryptography. BitRush operates a bitcoin portal and incubator for crypto-based startups, and has over 15% of global bitcoin users visiting its websites. It aims to drive highly scalable revenue growth by expanding its existing businesses and incubating new crypto-enabled consumer services in entertainment, gaming, and payments.
The Role of RBI on Implementation of Digital Currencies in Indiaijtsrd
In the present technological world, technology provided many advances and the widespread use of the Internet, various digital currencies have emerged. In most cases, Internet platforms such as Face book and Amazon restrict the functionality of their digital currencies to enhance the business model and maximize their profits. While platform based digital currencies would increase the efficiency of retail payments, they could also raise some important policy issues if they were to become widely used outside of the platform. Thus, it is important to closely monitor the evolution of these digital currencies. Dr. Rajendra Prasad G R "The Role of RBI on Implementation of Digital Currencies in India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-6 , October 2022, URL: https://www.ijtsrd.com/papers/ijtsrd52108.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/52108/the-role-of-rbi-on-implementation-of-digital-currencies-in-india/dr-rajendra-prasad-g-r
My slide deck on VC investment in the blockchain and cryptocurrency space globally, recent regulatory developments in Southeast Asia, and a summary of enterprise-grade blockchain solutions launched in Thailand. Presented 26 April 2019 at the Fintech on the Block networking night and fireside chat in Bangkok hosted by Bitkub. Many thanks to Vasharada Lapcharoen of Digital Ventures, who did much of the research and created many of the slides.
This document discusses whether cryptocurrency can serve as a store of value during the current economic crisis caused by the COVID-19 pandemic. It begins by noting that cryptocurrency believers have argued it can serve as a safe haven, but questions whether cryptocurrencies actually reassured investors during this crisis. The document then provides an overview of the following chapters which will evaluate cryptocurrencies' qualifications as a store of value by examining their market size, investors, potential for market manipulation, regulation, and price stability. The goal is to determine if cryptocurrency can fulfill the role of a reliable store of value or if its value is too volatile, like the Dutch tulip bulb market crash in the 1600s.
This paper aims to provide a foundation for anyone looking to understand the potential of digital assets such as crypto currencies as a future asset class.
The cryptocurrencies were designed to be medium of exchange. The blockchain technology on which cryptocurrencies are based on offers many possibilities for computer science and all future businesses. For the past decade experts as well as laypeople have been experiencing cryptocurrencies in extremes. They either have a very positive attitude or a very negative attitude towards them. Experts who have very positive attitudes towards them believe that cryptocurrencies create new ways of conducting business and new ways of trust relationships are managed. Experts who have very negative attitudes towards them often emphasize the fact that they are often linked to negative connotations such as being a tool for criminal activities or skipping social responsibilities such as tax avoidance and corruption. They also emphasize the fact that it is a new, unexplored technology and an unstable market. The blockchain technology on which cryptocurrencies are based on offers man possibilities for computer science and all future businesses. For the past decade experts as well as laypeople have been experiencing cryptocurrencies in extremes. There are more than 1,600 cryptocurrencies in circulation today, with a combined market cap of over 289 billion, according to Coin Market Cap data. Investors around the world are eager to trade in this rapidly growing space, and a slew of cryptocurrency platforms have emerged to meet the need for infrastructure to support the exchange of digital currencies. Though they call themselves exchanges, from an investors standpoint they function similarly to e brokerages and their rapid rise is reminiscent of the explosion of electronic discount brokerage firms during the dotcom bubble of the late 1990s. Dr. Chandrakant N. Kokate "Cryptocurrency: Advantages and Disadvantages" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-1 , February 2023, URL: https://www.ijtsrd.com/papers/ijtsrd52656.pdf Paper URL: https://www.ijtsrd.com/economics/financial-economics/52656/cryptocurrency-advantages-and-disadvantages/dr-chandrakant-n-kokate
The Israeli FinTech industry has grown significantly in recent years, with almost 500 companies as of 2017. Several factors have contributed to Israel becoming a global FinTech hub, including technological strengths from the IDF, experienced entrepreneurs, government support, involvement of local and foreign financial institutions, a strong investor base, and a dynamic community. Some of the key trends in the Israeli FinTech sector include increased funding and revenues in 2018, with more debt financing being raised. Certain subsectors like payments and trading & investing are attracting more funding, while others like lending & financing saw a drop in equity funding but an increase in debt raises. The world's interest in the Israeli FinTech ecosystem also grew in 2018, with more participation from international investors and
The document provides an overview of the fintech sector in Vietnam, including key metrics on digital payments, companies/startups, funding, and consumer adoption from 2017-2022. Some of the key points include:
- Digital payment transaction value in Vietnam reached $20.6 billion in 2022 and is estimated to reach $40.5 billion by 2027.
- There were 57.6 million digital payment users in Vietnam in 2022, estimated to grow to 79.3 million by 2027.
- As of September 2022, there were 263 operating fintech firms in Vietnam, up from 144 in 2018.
- In the first 9 months of 2022, fintech funding deals in Vietnam totaled
MezzaCap Corporation is presenting an offer to investors to finance its cryptocurrency business ventures. It operates several cryptocurrency and blockchain related websites and aims to consolidate revenue streams from advertising, fees, and investments in startups. MezzaCap projects strong revenue growth through building new services and expanding into new markets like BRIC countries and Central and Eastern Europe. The presentation outlines MezzaCap's business model, assets, management team and plans to undertake a reverse takeover of The Streetwear Corporation and private placement offering to raise capital for further investments.
StoxPlus is pleased to introduce our first issue of Vietnam Bank Card report. This issue is expected to be released annually, covering most up-to-date card data on the market.
This issue details how the card market has developed exponentially since 2002, after the introduction of card system in Vietnam. The competitive dynamics have been thoroughly ratified. This picture with domination of debit card has not changed, but is expected to gradually shift with the changes in consumer behavior. Technology and infrastructure have become more critical, therefore, the report also highlights the rise of infrastructure and technology advancement and its applications in bank card market. To gain a deeper understanding of the attributes that customers value, we surveyed the products offered by selected financial institutions.
Below are the most critical findings in our first issue:
1) The number of bank cards in circulation in Vietnam has recorded a double-digit growth rate in the past 6 years, and reached 90.4 million at YE2015. Total card number is growing exponentially at CAGR of 26.56%, with debit card being the dominant type. State-owned commercial banks (SOCBs) make up 66% of total cards circulating in Vietnam. Among SOCBs, Vietinbank is the most popular card issuer with over 19.3million cards by all types.
2) ATM and POS systems have been growing extensively at two-digit in the past 5 years. The growth rate of ATM and POS system has been 25 – 30% in the past 5 years, reaching 16,855 ATM and over 217,000 Point of Sales (“POS”) by YE2015. However, the distribution and coverage of ATM and POS system are still far below our peer countries.
See more at: https://biinform.com/Reports/185-vietnam-bank-card-report-2016-8350.html
The financial applications of Blockchain technology range from cryptocurrencies and ICOs to payment systems and financial instruments. We can see ICOs becoming the new IPOs for businesses and startups. Blockchain enables the businesses to lower costs by simplifying the processes highlighted in this research.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against developing mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
Bất động sản luôn là một trong những ngành chủ lực tại thị trường Việt Nam nói riêng và thế giới nói chung. 8/10 người giàu nhất trên sàn chứng khoán Việt Nam hiện đang hoạt động trong ngành bất động sản.
Theo dự báo nghiên cứu thị trường của công ty nghiên cứu và quản lý bất động sản hàng đầu Savills, thị trường bất động sản nói chung và bất động sản cho thuê nói riêng đang có nhiều dấu hiệu tăng trưởng mạnh. Nhận thấy các tiềm năng to lớn của một thị trường bất động sản còn đang phát triển và nhu cầu liên tục của các doanh nghiệp, startup, BlockUp - dự án số hóa bất động sản đầu tiên tại Việt Nam đã ra đời để đón bước các lợi thế và đồng thời hội tụ những thành tố thiết yếu của hệ sinh thái khởi nghiệp điển hình.
Tự hào là nhà tiên phong trong lĩnh vực cung cấp giải pháp văn phòng cho các công ty start-up, doanh nghiệp, ứng dụng công nghệ Blockchain, BlockUp mở ra một cơ hội đầu tư tiềm năng, lợi nhuận ổn định theo đà tăng trưởng của thị trường Bất động sản tại TP. Cần Thơ nói riêng, đáp ứng nhu cầu thuê văn phòng trọn gói tăng cao trong giới doanh nghiệp và công ty start-up trên toàn quốc nói chung.
Bất động sản luôn là một trong những ngành chủ lực tại thị trường Việt Nam nói riêng và thế giới nói chung. 8/10 người giàu nhất trên sàn chứng khoán Việt Nam hiện đang hoạt động trong ngành bất động sản.
Theo dự báo nghiên cứu thị trường của công ty nghiên cứu và quản lý bất động sản hàng đầu Savills, thị trường bất động sản nói chung và bất động sản cho thuê nói riêng đang có nhiều dấu hiệu tăng trưởng mạnh. Nhận thấy các tiềm năng to lớn của một thị trường bất động sản còn đang phát triển và nhu cầu liên tục của các doanh nghiệp, startup, BlockUp - dự án số hóa bất động sản đầu tiên tại Việt Nam đã ra đời để đón bước các lợi thế và đồng thời hội tụ những thành tố thiết yếu của hệ sinh thái khởi nghiệp điển hình.
Tự hào là nhà tiên phong trong lĩnh vực cung cấp giải pháp văn phòng cho các công ty start-up, doanh nghiệp, ứng dụng công nghệ Blockchain, BlockUp mở ra một cơ hội đầu tư tiềm năng, lợi nhuận ổn định theo đà tăng trưởng của thị trường Bất động sản tại TP. Cần Thơ nói riêng, đáp ứng nhu cầu thuê văn phòng trọn gói tăng cao trong giới doanh nghiệp và công ty start-up trên toàn quốc nói chung.
[ VNDC ] - BẢN TIN VNDC TUẦN IV THÁNG 6/2018TRUSTpay
BẢN TIN VNDC PHÁT HÀNH VÀO THỨ 7 HÀNG TUẦN. TỔNG HỢP CÁC TIN TỨC MỚI NHẤT VỀ DỰ ÁN VNDC TRONG TUẦN THỨ 4 CỦA THÁNG 06/2018
Chào mừng Quý Nhà đầu tư đến với bản tin của dự án VNDC.
1. BẢN TIN KINH DOANH, CÁC ĐỐI TÁC VNDC
Chào đón 2 đối tác chiến lược mới, đó là Dstore và Teknails.
• Dstore là 1 chuỗi siêu thị kinh doanh trên toàn quốc hiện đã có hơn 30 cửa hàng kinh doanh đã chính thức hợp tác với VNDC.
• Dự án Teknails đang có chiến lược mở rộng ra thị trường quốc tế và đã nhập khẩu thành công vào thị trường Mĩ – thị trường khó tính nhất trên thế giới.
Chúng tôi đang ráo riết chuẩn bị khởi động dự án BlockUp. Đây là dự án tiên phong trong lĩnh vực bất động sản kết hợp công nghệ tại thị trường miền Tây.
2. THÔNG TIN THỊ TRƯỜNG VNDS, DỰ BÁO XU HƯỚNG GIÁ CẢ
Sau 2 tuần chính thức lên sàn giao dịch, giá VNDS đã có sự tăng trưởng ổn định, giá hiện tại của sản phẩm VNDS/VNDC đang được giao dịch ở ngưỡng 2.000 VNDC/VNDS
3. TIN TỨC CẬP NHẬT HỆ THỐNG GIAO DỊCH SẢN PHẨM VNDS
Thông tin mới nhất liên quan đến sản phẩm giao dịch VNDS/VNDC trên sàn giao dịch Trustdex.
Quý Nhà đầu tư chưa có tài khoản giao dịch tại sàn Trustdex, kính mời Quý vị đăng
ký tài khoản tại: https://trustdex.io/refer/trustdexvndc
Đối với Quý Nhà đầu tư chưa có tài khoản giao dịch tại sàn Trustdex, kính mời Quý vị
đăng ký tài khoản tại: https://trustdex.io/refer/trustdexvndc
Giao dịch VNDS/VNDC tại đây: https://trustdex.io/market
VNDC là dự án đầy tham vọng với thị trưởng 35 tỷ USD tại VN và hàng trăm tỷ USD tại thị trường Fintech toàn cầu, đây là dự án được nhiều đối tác và nhà đầu tư quan tâm trong giai đoạn hiện nay.
VNDC - Tài sản số xây dựng trên nền Blockchain cho nhà đầu tư Việt.
VNDS - Hợp đồng hợp tác kinh doanh (BCC) của dự án VNDC.
Được bảo lãnh thanh toán tại ngân hàng uy tín. 1 VNDC có giá trị 1 VNĐ.
Tài sản số VNDC được cho thuê, người thuê phải ký quỹ VNĐ tương đương giá trị hợp đồng thuê VNDC và được quyền chuyển tài sản VNDC cho người khác sử dụng, khi không còn nhu cầu sử dụng VNDC được hoàn trả cho công ty và nhận lại VNĐ ký quỹ.
WHITEPAPER giới thiệu chi tiết dự án VNDC.
Ban Quản trị dự án VNDC xin chân thành cám ơn quý nhà đầu tư đã đồng hành cùng dự án trong suốt giai đoạn qua, dự án VNDC sẽ tiếp tục mang đến những cơ hội hấp dẫn cho quý nhà đầu tư mới tham gia.
► NHẬN NGAY 10 VNDS khi Đăng ký mua cổ phần VNDS tại link giới thiệu sau: https://goo.gl/gn5kE9
► Tài liệu hướng dẫn mua cổ phần VNDS tại website VNDC: https://goo.gl/EXqqHB
Nhanh tay nắm bắt cơ hội đầu tư VNDS tốt nhất ngay hôm nay, giá trị VNDS đang tăng nhanh qua các giai đoạn chào bán. Thông tin chi tiết về lộ trình phát triển dự án VNDC tại website www.vndc.io
--------------------
Kết nối với VNDC tại các kênh:
FB: https://www.facebook.com/vndcio
Telegram Channel: https://t.me/vndcchannel
Telegram Chat: https://t.me/vndcchat
This document proposes a corporate identity program that includes designs for a logo, business cards, certificates, uniforms, notebooks, pens, namecards, envelopes, standdees, folders, and letterhead. The logo would use Times New Roman and Helvetica typefaces in black and brown colors. Uniform designs include white and black t-shirts and a simplified or full-logo hat. Other items like notebooks, pens, namecards and envelopes include designs that feature the company's information and branding. Templates are provided for standdees, folders, and letterhead that include the company's address and contact details.
IBO - Giai phap ung dung blockchain goi von startupTRUSTpay
IBO (Initial Blockchain Offering): Là hình thức huy động vốn thông qua việc số hóa các loại tài sản vô hình và hữu hình bằng công nghệ blockchain. Tài sản sau khi số hóa sẽ tồn tại dưới dạng token và có giá trị pháp lý tương đương với hợp đồng hợp tác kinh doanh (BCC).
[VNDC] - CHƯƠNG TRÌNH GIỚI THIỆU NHÀ ĐẦU TƯTRUSTpay
MỞ CHỨC NĂNG RÚT TIỀN VNDC VỀ TK NGÂN HÀNG
Hệ thống VNDC chính thức mở tính năng Withdraw - Rút tiền VNDC về tài khoản ngân hàng ( Hỗ trợ hơn 30 ngân hàng nội địa ).
Thao tác Chuyển VNDC về VNĐ rất đơn giản, Quý khách chỉ cần tạo lệnh Rút tiền VNDC và hệ thống XỬ LÝ NGAY LẬP TỨC trong vòng 5 giây.
LÀM SAO ĐỂ KIẾM VNDC !!!?
Tham gia ngay chương trình: Giới thiệu Nhà đầu tư và nhận ngay hoa hồng 20%. Trong đó 10% được chuyển ngay thành VNDC.
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HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
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2. 1 | VNDC Whitepaper
TABLE OF TERMS...............................................................................................................................................
I. MARKET OPPORTUNITES ..............................................................................................................................
1 Impressive Macroeconomic Growth ..........................................................................................................
2 Capital Market...........................................................................................................................................
3 Startup Business Market ...........................................................................................................................
4 Real Estate Market ....................................................................................................................................
5 Digital Asset Market...................................................................................................................................
II. PROBLEMS SEEKING SOLUTIONS...............................................................................................................
1 Lack of Stable Exchange Instruments.......................................................................................................
2 Lack of Platform Calling Capital for Startups and Real Estate Projects....................................................
III. ABOUT VNDC .................................................................................................................................................
1 What isVNDC?...........................................................................................................................................
IV. VNDC ECOSYSTEM .....................................................................................................................................
1 Peer-to-peer Lending– iziLending .............................................................................................................
2 IBO Investment..........................................................................................................................................
3 Exchange Instruments on Digital Asset Trading Market ...........................................................................
V. OPERATING MODEL ......................................................................................................................................
VI. ROADMAP ......................................................................................................................................................
VII. PLAN TO LAUNCH VNDS.............................................................................................................................
VIII.TECHNICAL INFRASTRUCTURE ................................................................................................................
IX. PROFIT MARGIN............................................................................................................................................
X. PARTNERS......................................................................................................................................................
APPENDIX – FAQ (Frequently Asked Questions) ...............................................................................................
INDEX
3. 2 | VNDC Whitepaper
TABLE OF TERM
Acronym: BTC- is the cryptocurrency in the form of open-source software was created in 2009 by Satoshi
Nakamoto. Bitcoin can be exchanged directly by internet-connected devices without any middlemen.
A hierarchical database saving information in the information blocks linked together by encryption and
expanded over time.
Peer-to-peer lending (P2P lending) is the practice of lending money through online services that match
lenders with borrowers directly.
Crowdfunding is the form of calling for help from the community to help the project owner raising funds to
complete the project or their products when they have idea but no money to implement.
Enthereum is an open-source, public, blockchain-based distributed computing platform. It has smart
contract functionality (scripting) and facilitating online contracts.
Initial Blockchain Offering is digitizing assets by blockchain, including: startup, business ideas, real estate,
etc.
ICO (Initial Coin Offering) is a means of capital mobilization through issuing cryptocurrency.
BLOCKCHAIN
IBO
BITCOIN
PEER-TO-PEER
LENDING
CROWDFUNDING
ETHEREUM
ICO
4. 3 | VNDC Whitepaper
Know your customer is the process of an organization verifying the identity of its clients.
Including digital assets and cryptocurrencies.
Cryptocurrency is a digital asset designed to work as a middleman exchange that uses cryptography to
secure its transactions, to control the creation of additional units, and to verify the transfer of assets.
Fiat money is a currency intrinsic value that has been established as money, often by government
regulation.
A business cooperation contract (BCC) after being digitized by blockchain.
A cryptocurrency that uses USD to secure with exchange rate at 1-1, helping everyone pays via Internet.
A digital asset owned by Digital Asset Management Holding (DAMH) J.S.C and issued based on
blockchain stellar platform and guaranteed by Vietnam Dong (VND). The value of VNDC is always equal
to VND
VNDC project’s business cooperation contract (BCC)
KYC
VNDC
DIGITAL ASSET
CRYPTOCURRENCY
FIAT MONEY
USDT
VNDS
TOKEN
5. 4 | VNDC Whitepaper
I. MARKET OPPORTUNITIES
1 Impressive Macroeconomic Growth
Vietnam Economy is entering into the new growth trajectory with
impressive figure, becoming a bright spot in economy of Asia and
the world:
• The fastest GDP and GDP per capita growth in Southeast Asia.
• GDP growth of 7.38 % in the first quarter of 2018, the best first-
quarter performance in the last ten years.
2 Capital Market
• In 2017, even the most optimistic investors can’t think of the scenario VN-index and HNX-index increased 48% and 46 % respectively comparing to
the beginning of the year, helping Vietnam to be one of the three stock markets having the best increase of the world.
• In the first quarter of 2018, the VN-Index surpassed the peak of all time and became the most increased stock index of the world (19.21%).
• Market capitalization grew strongly and GDP reached 74.6% by the end of 2017.
• Strong liquidity- average of trading scale in 2017 reached nearly VND 4,500 billion/ session.
.
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
0
1
2
3
4
5
6
7
8
2013 2014 2015 2016 2017
GDP figure 2013-2017
GDP
GDP Growth Rate
1996
Established the State
Securities Commission
of Vietnam (SSCV)
Listed the first 2 stocks on
Stock Exchange
1,463 listed business (HOSE, HNX, UPCOM)
Market capitalization 74.6% of GDP
● Liquidity Average ~ VND 4,500 billion /sesion
2000
2018
6. 5 | VNDC Whitepaper
Lack of Capital
21%
Land Clearing
37%
Others
42%
Cause of Project Delay
3 Startup Business Market
• According to statistics from Business Registration Management Agency (Ministry of
Planning and Investment), Vietnam had nearly 127,000 new businesses registered in
2017 indicating that the number of startup business is increasing rapidly in the past
period.
• With a market of more than 94 million people, the number of Internet users is up to 53
million people. There are 46 million people using social network. Vietnam market now
has a lot of opportunities for startups.
4 Real Estate Market
• The financial system in Vietnam is showing signal of tightening real estate credit
127.000
New businesses
registered in 2017
80%
Business
startups failure
rate
Tightening credit policy
In accordance with Circular 19/2017/TT-
NH, State bank of Vietnam is
continuously implementing the road map
for restricting credit source to the real
estate market
Real Estate Business Loans is
showing signal of decrease
Percentage of construction and real estate
business loans in total credit balance
(Synthesized from the four largest credit Joint Stock Banks
in Vietnam: BIDV, Vietinbank, Vietcombank, ACB)
2013 2014 2015 2016 2017
7. 6 | VNDC Whitepaper
5 Digital Asset Market
• Since Satoshi Nakamoto launched bitcoin and blockchain technology in 2009,
cryptocurrency market has grown more and more diversely, abundantly, and constantly
increased in both quantity and capitalization value. The creative ideas using blockchain-
based have been come in turn, bringing in billions of dollars and strong attention from
investors, governments, financial institutions and media.
• According to a survey by CryptoCompare Company by the end of November 2017,
Japan, South Korea and Vietnam accounted for nearly 80% of Bitcoin trading activity
globally. Meanwhile, only 20% of Bitcoin trading in total was the US. Websites traffic
statistic related to cryptocurrency of Vietnamese investors is also showing the great
demand and attention for cryptocurrency:
Website Website traffic rank Percentage
Coinmarketcap 2 6.39%
Bittrex 2 10.72%
Binance 3 7.92%
Poloniex 4 5.46%
(Nguồn: Similar Web)
However, cryptocurrency is just a part of Digital Asset Market in Vietnam presented below.
We expect that its potential can reach a comparable level to the stock market.
Cryptocurrency
market
capitalization
393 tỉ USD
The number
of
cryptocurrenc
ies
1,584
Bitcoin
40%
Ethereum
15%Bitcoin Cash
5%
Litecoin
2%
Ripple
8%
Others
30%
The proportion of digital asset market
capitalizations
(April 18, 2018)
8. 7 | VNDC Whitepaper
II. PROBLEMS SEEKING SOLUTIONS
1 Lack of Stable Exchange Instruments
1.1 Lack of Stabe Exchang Instrument on the trading digital asset market
Nowadays, Vietnamese investor can’t directly use VND to buy
digital assets such as BTC, ETH or other digital assets from the
world’s digital assets exchanges (Binance, Bittrex, Poloniex…).
When investing to digital assets, Vietnamese investors have to
exchange VND to USD and then buying BTC by USD or taking
step using BTC to buy other digital assets. To take profits,
investors will turn digital assets to BTC, then sell BTC to get USD
and from USD exchange to VND. Later, when having a new
investment opportunity, the complex process will be repeated.
It doesn’t matter to long-term investors, however; for short-term
investors, the process will cost them a lot of time and money.
Understanding that need, Tether Company was launched a token
called Tether (USDT) valued at $1. Tether makes trading digital
assets easier and more quickly for investors, reducing time and
costs during the investment process. However, using USD and
USDT to invest has certain disadvantages:
p
pp
Fees:
✓ VND to USD fee
✓ USD to BTC fee
✓ Transaction fee
Weaknesses
✓ Depending too much on exchange rate
✓ Digital asset price fluctuation in market
Fees:
✓ VND to USD fee
✓ USD to BTC fee
✓ Transaction fee
Weaknesses
✓ Depending too much on exchange rate
✓ Digital asset price fluctuation in market
✓ Liquitity can’t be guaranteed because riskily Tether
doesn’t have enough USD for he amout of USDT issued.
In case of Tether bankruptcy, the last investors holding
USDT will suffer great losses
VS
Using USDT for tradingUsing USD for trading
9. 8 | VNDC Whitepaper
1.2 Lack of exchange instruments to mobilize capital through IBO/ICO
More and more crowdsale events have been carried out by ICO
projects (Initial Coin Offering) and earned amount of capital in
form of digital capital like BTC, ETH…equivalent to billions of
dollar. According to Silicon Valley Innovation Center, over 2 million
investors take part in ICO and averagely there are 10 startups
raised capital successfully through ICO every week.
After ICO, the digital assets raised will be converted into traditional
currencies like USD, VND issued by State of bank to pay for
business operations every day.
An ICO event workflow
Thanks to blockchain tech, using cryptocurrencies to raise capital
helps startups significantly reducing the cost of fia payment
gateway, normally it is quite high and counted in term of
percentages of the amount of money raised. For example, the
traditional crowdfunding platforms like Kickstarter, Indiegogo not
only charge service fee but also apply a 3-5 % fee to the fund
collected.
However, beside the benefits of transaction cost, using
cryptocurrency to raised capital, startups have to face the price
fluctuations because the cryptocurrency characteristics is having
strong price band in short-time leading to the amount of cash
actually collected may be much different than the initial
expectation.
Assuming a startup project expects that the amount of money
collected from ICO is 100,000 ETHs at 800 USD/ ETH. However,
due to adverse market movements, the ETHs have been drop
down to 530 USD/ETH. This is clearly a major obstacle and
makes the capital raised to meet a significant deficit when
converting to legal currencies. Therefore, it is necessary to have a
stable exchange currency followed the exchange rate of VND or
USD to be a transfer agent in raising capital through IBO/ ICO.
INVESTOR
STARTUP
TOKEN
ICO
BTC, ETH
10. 9 | VNDC Whitepaper
2 Lack of Platform Calling Capital for Startups and Real Estate Projects
Capital mobilization is an imperative need for all sectors in the economy.
Creative startups need capital to make a product idea or new tech a
reality. Traditional businesses grown to a certain extent need capital to
expand manufacturing business or invest in projects creating more new
jobs. For economic and life development, the government needs capital to
build welfare facilities, infrastructure systems, roads, schools, hospitals,
etc.
Who need raising capital
Individuals need a loan to buy car, house and for essential living
expenses. On the other hand, there are individuals and organizations
whose income is higher than the expenses, so they have the money
savings wanted to invest. In an efficient economy, capital need to be
unlocked and flowed from where capital is abundant to where there is
demand-for-capital.
Nowadays, in Vietnam, capital mobilization through the issuing of stocks,
bonds and getting the commercial bank loans, etc. is being developed
diversely and abundantly. However, these capital mobilizations above are
only suitable for businesses grown to a certain extent, governments and
individuals.
The creative startup projects with small capital and shortage of staffs have
to face a lot of difficult things and are almost impossible to issue stocks,
bonds, or getting a commercial bank loan. A small number of startup
projects have been got to venture capital funds but not many. Although a
series of supportive policies, Law system and Decree supporting small and
medium enterprise as well as the project to build startup ecosystem has
been given by government, the capital mobilization for startup is still
difficult to solve.
Many Vietnamese investors invested in scam or multilevel marketing
projects or ICO projects from foreign countries leading to capital outflow.
According to cryptocurrency transaction statistics websites and global
listed websites, Vietnam always is in top access. It’s riskier when Vietnam
is also in top of website traffic related to cryptocurrencies and capital
raised in form of Multilevel marketing (MLM).
Therefore, it’s necessary to have a professional fundraising platform
connecting to capital as well as Digital Asset Exchange to create liquidity.
All these things will create the professional digital asset market with
information transparency standards, ranking credibility to screen the good
and prospect projects as well as controlling KYC (Know Your Customer)
and AML (Anti Money Laundering) strictly.
Government
Startup Business
Individual
11. 10 | VNDC Whitepaper
III. ABOUT VNDC
1 What is VNDC?
1.1 Definition
1.2 How VNDC work?
Explaning VNDC open contract model
Step 1: Investor implements e-contract with VNDC. Based on the value of
e-contract, VNDC will open a banking account correspondent to the value
and use the account balance to issue VNDC for user.
Step 2: Investor uses VNDC to join the VNDC ecosystem: Peer to peer
lending, IBO investment, digital asset trading, etc.
Fees paid if had
• Transferring ownership of contract: 0.1% of transaction value,
minimum VND 2,000, maximum VND 200,000.
VNDC is digital asset owned by Digital Asset Holding (DAMH) J.S.C and was created from VNDS euity capital, in form of e-contract and always values at
VND 1 during its life.
12. 11 | VNDC Whitepaper
Explaning VNDC close contract model
Step 3: VNDC is converted from trading in VNDC ecosystem
by investor.
Step 4: Closing VNDC contract and receiving VND escrow from
the initial agreement value are implemented by investor.
1.4 Why using VNDC?
✓ Stable: VNDC is being fixed to VND; therefore, users can have
some benefits from trading implement in blockchain network
without being affected by the price fluctuations like other
cryptocurrencies.
✓ Transparency: All VNDC transactions are recorded and saved on
Stellar blockchain platform. All VNDC circulated is secured by
VND escrowed at partner-bank.
✓ Saving transaction cost: VNDC accounts can be switched back
and forth with very low transaction fee, or any e-wallet storing
VNDC. User does not charge for opening and closing VNDC
contract.
Supporting the personal income tax: Because of no specific
legal framework, transactions arising from digital asset trading
activities can be applied to the highest tax rate in total progressive
tax table from 5% to 35% of total income
Therefore, investors should be supported to minimize personal
income tax as well as the big and continuous transactions.
13. 12 | VNDC Whitepaper
✓ Converting between VNDC and VND: VNDC owner can convert
VNDC to cash anytime with constant rate meaning 1 VNDC = 1
VND.
IV. VNDC ECOSYSTEM
iziLending
FundGo
DAX
Cash back,
loyalty
Liên kết thẻ
VNDC
Matching lenders with borrowers directly
Applying blockchain teach and smart contract
Optimizing time and transaction fee
Credit scoring model
Applying Al, big data, etc..
1
Capital raised platform via IBO
Targets: startup, real estate projects
Credit ranking model
Splitting investment into tokens
Applying blockchain tech
Tending towards decentralized business model
Integrating Tap&Go with NFC
Integrating Scan&Go with QR code
Connections:
Banks payment system
Card association (Visa, Master, JCB
Transferring, depositing, withdrawing via internet
banking
Using card for payment
5
2Applying for online shopping
Refunding as a percentage of the product value to
customer
Recording cashback from every store in one account
Multiple choices
Withdrawing money via linked bank
Using for the next purchase
3
4
14. 13 | VNDC Whitepaper
1 Peer to peer lending – iziLending
Peer to peer lending had been occurred before the first bank was found. In
the past, because of limited information, borrowers and lenders are not
always able to connect directly. The emergence of bank, as a middleman
for taking deposits and using that money to lend, solved the issue of
borrowing and lending needs.
However, the operating cost of bank is very high leading to bank’s lending
rate often much higher than the borrowing rates in order to offset the
running cost. In addition, bank’s credit approval process is rigorous, costs
a lot of time and makes things difficult for many people needing to access
a loan.
With the advent of peer to peer platform on iziLending blockchain
technology, borrowers and lenders can connect directly without the need
of bank or financial company. With peer to peer lending on HVA’s
blockchain technology, people who need a loan can perform all online
manipulation, even with a smartphone. The peer to peer platform offers
the following superior benefits to users:
• Thanks to applying database and intelligent algorithm, the
loan approval process is quick.
• Borrowers are charged a lower interest rate compared to
bank’s interest rate.
• Lenders are paid a higher deposit interest rate compared to
bank’s deposit interest rate
Investor can use VNDC as a tool to borrowing and lending money on
iziLending. Moreover, investor holding VNDC or tokens of any IBO can
borrow up to 70% of the direct value on iziLending platform. The VNDC
offers users the following benefits:
• Reducing fiat payment gateway transaction fee
• Saving trading time
• Applying transparent blockchain, high security
Traditional Lending Model
Saving
Deposit interest rate
BankLender Borrower
Lending
Interest rate
Peer to peer Lending Model
Lender Borrower
Lending
Interest rate
15. 14 | VNDC Whitepaper
Comparing traditional lending model with peer to peer lending model
2 IBO INVESTMENT
IBO is a form of calling for funds through digitalizing the intangible and
tangible assets by blockchain tech. Digital assets will exist in the form of
tokens and have validity equivalent to business cooperation contracts
(BCC).
Example of IBO real estate projects
IBO is unlike ICO-a form of focusing on startups. IBO has been already
studied and it’s suitable for legal framework and practical conditions in
Vietnam. The targets of raising capital through IBO are also expanded. It’s
not only limited to startups but also included the operating enterprises in
need of capital mobilization to implement new projects or extend
manufacturing business.
Applying VNDC to IBO investment
About FundGo, this is a digital asset platform and raising capital through
IBO. It’s similar to primary market on an stock exchange.
The targets of raising funds on FundGo include startup and real estate
projects.
Benefits from Fundgo platform:
• Raising and flowing capital from where is abundant to where there
is demand-for-capital.
• Diversifying investment portfolio through splitting investments
16. 15 | VNDC Whitepaper
• Tending towards decentralized business model, helping relieving
economic power
3 Exchange Instrument on Digital Asset Trading Market
DAX-Digital asset exchange will list digital asset in the form of token to
create liquidity for investors. Digital assets (token) will be traded on DAX
and price fluctuations will follow the law of supply and demand. Token will
be unlisted when the project ends and the project owner fulfills the
obligation of capital and profit payment to investors arising from the
project’s development.
About DAX, this is a digital asset exchange developed by HVA and
expected to launch in May 2018 with intelligent and modern payment
methods serving the investor community.
After being distributed, digital assets in the form of tokens will be listed on
DAX to create liquidity for investors.
On DAX, users can directly deposit into their account via Visa, Mastercard,
JCB to trade and exchange digital assets. DAX has many outstanding
features for investors such as:
• Supporting both Vietnamese and English Language
• High security
• Fast depositing and withdrawing money
• Auction immediately
• Free to creating accounts and trading orders set.
• Low transaction fee
• Multi-method deposit and withdrawal
• User-friendly
18. 17 | VNDC Whitepaper
V. MÔ HÌNH VẬN HÀNH
CAPITAL-RAISING PROFIT SHARINGOPERATING BUSINESS
Issuing
300 million VNDS, value at 1.000
VND
100% VNDS is owned by the four founding
shareholders, including:
✓ 135 million VNDS (45%) are distributed to
the founding shareholder committing to
contribute capital.
✓ 165 million VNDS (55%) are distributed to
the market in the form of business
cooperation contract.
Aloocating capital raised
80%
20%
Using for operating business
Using for escrowing,
guaranteeing of issuing VNDC-
digital asset
1
2
Running VNDC ecosystem
✓ Loan instrument on iziLending (peer to
peer lending) app
✓ Token investment instrument of IBO
project on FundGo platform
✓ Exchange instrument on DAX- Digital
Asset Exchange
✓ Cashback points, loyalty
✓ Connecting to Visa, M-Visa
VNDC profit comes from
✓ Transferring ownership of contract: 0.1%, minimum VND 2,000, maximum VND
200,000 in VNDC ecosystem
✓ Annual fee from second year: 50.000 VND/ account
✓ Issuing VNDC credit membership card: 99,000 VND/ card
✓ Digitizing business fee: 1-10% of business value
✓ Bank interest rate: 6-10 % per year
✓ Commission on partner system: 1-10%
3
4
Profit sharing policy
✓ 36% for VNDS investors
✓ 20% for increasing DAMH’s capital for
helping increasing VNDS price and having
high liquidity
✓ 40% for distributing to outsource units
including: infrastructure (10%), business
(10%), research and security (5%), operation
of Legal and accounting (10%)
✓ 4% for VNDS investors when introducing
customer to DAMH Company. Condition:
investor need to have at least 10,000 shares
of VNDS.
5
19. 18 | VNDC Whitepaper
VI. ROADMAP
Capital-raising
Establishing creative
startup business, capital
100 billions
√
March 1-May 18,
2018
June 1, 2018
Blockchain & API
Opening rental VNDC
contract, Launching
Blockchain and API
July 2018
After August
2018
From
January 2019
Implementing VNDC
Implementing VNDC
ecosystem
Replicating Model
Implementing and
replicating Blockchain 4.0
business model
Franchise
Applying VNDC platform to
internal shareholder
management, crowdfunding-
raising
X
X X
X
✓
20. 19 | VNDC Whitepaper
VII. PLAN TO LAUNCH VNDS
VNDS is offered for sale in stages, according to the expected development as follows:
Auction: 80 million shares will be up for sale from April 24, 2018 to May 15, 2018:
The plan can be changed based on business operations and the development of DAMH and will be announced on DAMH’s media.
VNDS Referral program:
VNDS – Business Cooperation Contract (BCC) of VNDC project. 1 VNAS values at VND 1,000
✓ Stage 1: March 10, 2018 - March 31, 2018: Package investment with 20,000 VNDS is 1,500 VND/ VNDS.
✓ Stage 2: April 1, 2018 - April 7, 2018: 20 million VNDS will be up for sale, the price is 1,500 VND/ VNDS by any
quantity.
✓ Stage 3: April 8, 2018 - April 16, 2018: 30 million VNDS will be up for sale valued at 2,000 VND/VNDS.
✓ Stage 4: April 17, 2018 - April 23, 2018: 50 million VNDS will be up for sale values at 3,000 VND/VNDS
✓ Stage 5: April 24, 2018 - April 30, 2018: 30 million VNDS for online auction, the starting price is from VND 4,500, tick
size is VND 100.
✓ Stage 6: May 1, 2018 - May 6, 2018: 20 million VNDS for online auction, the starting price is from VND 6,000, tick
size is VND 100.
✓ Stage 7: May 7, 2018 - May 14, 2018: 20 million VNDS for online auction, the starting price is VND 8,000, tick size is
VND 100.
✓ Especial package investment: May 15, 2018 - May 17, 2018: 10 million VNDS for online auction, the only
package investment price is 10 million VND applied for investors owning VNDS before.
21. 20 | VNDC Whitepaper
This program is for rewarding active members who have made a lot of contribution in expanding network for company. The program can be changed based
on business operations of company and will be inform to members.
Additionally, once the first VNDC distribution program is ended, members have right to exchange VNDC to VND.
During this time, there will be a Top Master Broker program with many attractive prizes for each VNDS distribution.
Premium Member Program:
Members will always receive 4 % of transaction fee revenue from the customer they introduced. The program is applied for members who have at least
10,000 VNDS in their account. Note: Company will deduct 10% of this income to pay personal income tax for members.
VIII. TECHNICAL INFRASTRUCTURE
From March 10, 2018 to May 18, 2018: Master Broker Program
Member introducing a VNDS investor to DAMH will be received:
✓ Stage 1: 20 % of the investment contract value
✓ Stage 2: 15 % of the investment contract value
✓ Stage 3 – stage 7: 10 % of the investment contract value
Applying for: member owning at least 10,000 VNDS. Rewarding balance will be exchanged to at least 50 % VNDS and 50
% VNDC (Read chapter 3), the VNDC can be exchanged to VNDS immediately and are allowed to join Bidding VNDS.
23. 22 | VNDC Whitepaper
IX. PROFIT MARGIN
About Value Unit
DAMH shares 300,000,000 VNDS
Total capital contribution 300,000,000,000 VND
Plan to use capital
Guaranty escrow to issuing VNDC 240,000,000,000 80% of total capital
Running project 60,000,000,000 20% of total capital
Mục Giá trị Đơn vị
Cổ phần DAMH 300,000,000 VNDS
Tổng số vốn góp 300,000,000,000 VND
Kế hoạch sử dụng vốn
Ký quỹ ngân hàng bảo chứng phát hành VNDC 240,000,000,000 80% Tổng vốn
Vận hành dự án 60,000,000,000 20% Tổng vốn
24. 23 | VNDC Whitepaper
Plan to deposit and profit Units: Thousands dong
Kế hoạch dòng tiền và lợi nhuận Đơn vị: nghìn đồng
Năm 1 2 3 4 5
Số tiền bảo chứng phát hành VNDC (1) 240,000,000 240,000,000 240,000,000 240,000,000 240,000,000
Số lần hình thành mỗi năm (2) 20 30 40 50 60
Số lượng VNDC phát hành cho thuê (3) = (1) * (2) 4,800,000,000 7,200,000,000 9,600,000,000 12,000,000,000 14,400,000,000
Tăng trưởng 50% 33% 25% 20%
Vòng quay VNDC giao dịch trên sàn (4) 10 15 20 25 30
Số lượng VNDC được giao dịch (5) = (3) * (4) 48,000,000,000 108,000,000,000 192,000,000,000 300,000,000,000 432,000,000,000
Phí giao dịch (6) 0.10% 0.10% 0.10% 0.10% 0.10%
Doanh thu từ phí giao dịch (7) = (5) * (6) 48,000,000 108,000,000 192,000,000 300,000,000 432,000,000
Số tài khoản mở hợp đồng thuê VNDC (8) 300,000 390,000 546,000 819,000 1,310,400
Tăng trưởng 30% 40% 50% 60%
Phí thường niên (từ năm thứ 2) (9) 0 50 50 50 50
Doanh thu từ thu phí thành viên (10) = (8) * (9) - 19,500,000.00 27,300,000 40,950,000 65,520,000
Số tài khoản mở thẻ tín dụng (11) 90,000 117,000 163,800 245,700 393,120
Phí phát hành thẻ tín dụng (12) 99 99 99 99 99
Doanh thu từ thu mở thẻ tín dụng (13) = (11) * (12) 8,910,000 11,583,000.00 16,216,200 24,324,300 38,918,880
Giá trị tài sản số hóa (14) 1,500,000,000 1,950,000,000 2,730,000,000 4,095,000,000 6,552,000,000
Tăng trưởng 30% 40% 50% 60%
Phí số hóa tài sản (15) 5% 5% 5% 5% 5%
Doanh thu từ số hóa tài sản (16) = (14) * (15) 75,000,000 97,500,000 136,500,000 204,750,000 327,600,000
Số dư tiền gửi trung bình (17) = (3) * 40% 1,920,000,000 2,880,000,000 3,840,000,000 4,800,000,000 5,760,000,000
Lãi suất tiền gửi (6%/năm) (18) 6.0% 6.0% 6.0% 6.0% 6.0%
Doanh thu từ lãi gửi ngân hàng (19) = (17) * (18) 115,200,000 172,800,000 230,400,000 288,000,000 345,600,000
Tổng doanh thu (20) = (7) + (10) + (13) + (16) + (19) 247,110,000 409,383,000 602,416,200 858,024,300 1,209,638,880
% doanh thu trên tổng vốn (21) = (20) / Tổng vốn góp 82% 136% 201% 286% 403%
Chi phí vận hành, hoạt động (22) = (20) * 40% 98,844,000 163,753,200 240,966,480 343,209,720 483,855,552
Chính sách chia sẻ thành viên giới thiệu (23) = (20) * 4% 9,884,400 16,375,320 24,096,648 34,320,972 48,385,555
Giữ lại để tăng vốn cho công ty (24) = (20) * 20% 49,422,000 81,876,600 120,483,240 171,604,860 241,927,776
Chia sẻ lợi nhuận cho NĐT (25) = (20) * 36% 88,959,600 147,377,880 216,869,832 308,888,748 435,469,997
Lợi nhuận/năm (26) = (25) / Tổng vốn góp 30% 49% 72% 103% 145%
25. 24 | VNDC Whitepaper
Name 1 2 3 4 5
Money for issuing VNDC Guarantee (1) 2400,000,000 2400,000,000 2400,000,000 2400,000,000 2400,000,000
Number of forming times per year (2) 20 30 40 50 60
Number of rental VNDC issued (3)=(1)*(2) 4,800,000,000 7,200,000,000 9,600,000,000 12,000,000,000 14,400,000,000
Rate 50% 33% 25% 20%
Circle of VNDC trading on exchange (4) 10 15 20 25 30
Number of VNDC traded (5)=(3)*(4) 48,000,000,000 108,000,000,000 192,000,000,000 300,000,000,000 432,000,000,000
Transaction fee (6) 0.10% 0.10% 0.10% 0.10% 0.10%
Revenue from transaction fee (7)=(5)*(6) 48,000,000 108,000,000 192,000,000 3000,000,000 432,000,000
Number of account opening VNDC rental
contract (8)
3000,000 390,000 546,000 819,000 1,310,400
Rate 30% 40% 50% 60%
Annual fee ( from second year) (9) 0 50 50 50 50
Revenue from membership fee
(10)=(8)*(9)
- 19,500,000,000 27,300,000 40,950,000 65,520,000
Number of account opening credit card
(11)
90,000 117,000 163,800 245,700 393,120
Fee for issuing credit card (12) 99 99 99 99 99
Revenue from opening credit card
(13)=(11)*(12)
8,910,000 11,583,000.00 16,216,200 24,324,300 38,918,880
Digital asset value (14) 1,500,000,000 1,950,000,000 2,730,000,000 4,095,000,000 6,552,000,000
Rate 30% 40% 50% 60%
Asset Digitization fee (15) 5% 5% 5% 5% 5%
Revenue from Asset Digitization
(16)=(14)*(15)
75,000,000 97,500,000 136,500,000 204,750,000 327,600,000
Average of deposit balance (17)=(3)*40% 1,920,000,000 2,880,000,000 3,840,000,000 4,800,000,000 5,760,000,000
Deposit interest rate (6%/year) (18) 6.0% 6.0% 6.0% 6.0% 6.0%
Revenue from Deposit interest rate
(19)=(17)*(18)
115,200,000 172,800,000 230,400,000 288,000,000 345,600,000
Total revenue (20)=
(7)+(10)+(13)+(16)+(19)
247,110,000 409,383,000 602,416,200 858,024,300 1,209,638,880
Percentage of capital revenue (21)=(20)/
total capital contribution
82% 136% 201% 286% 403%
Running and operating fee (22)=(20)*40% 98,844,000 163,753,000 240,966,480 343,209,720 483,855,552
Introduced member sharing policy
(23)=(20)*20%
9,884,400 16,375,320 24,096,648 34,320,972 48,385,555
26. 25 | VNDC Whitepaper
Keeping to increase capital for company
(24)=(20)*20%
49,422,000 81,876,600 120,483,240 171,604,860 241,927,776
Sharing capital for investor (25)=(20)*36% 88,959,600 147,377,880 216,869,832 308,888,748 435,469,997
Profit/year (26)= 25/ total capital
contribution
30% 49% 72% 103% 145%
X. PARTNERS
1 Payment Partners
2 VNDC guarantee Partner
27. 26 | VNDC Whitepaper
APPENDIX – FAQ (Frequently Asked Questions)
1. What is VNDC, VNDS?
VNDC is digital asset owned by Digital Asset Holding (DAMH) Join Stock Company, was created from VNDS capital contribution, in form of e-contract and
always values at VND 1 during its life.
VNDS- Business co-operation contract (BCC) of VNDC project
28. 27 | VNDC Whitepaper
2. Rights and Duties of VNDS holder
VNDS holder has right to sharing revenue, transferring, trading, etc. VNDS owned.
3. VNDC is a coin or not?
According to definition, VNDC is digital asset owned by Digital Asset Holding (DAMH) Join Stock Company, was created from VNDS capital contribution, in
form of e-contract and always values at VND 1 during its life.
4. Is VNDC legal in Vietnam?
Yes, it is. Because it’s not a new currency, VNDC is the form of digitizing VND to VNDC.
5. Who issues VNDC?
DMAH Join Stock Company issues based on managing number of VNDC and depended on deposit guarantee.
6. What is the same and different between VNDC and USDT?
They are both working on Blockchain-based. However, they are different in applying to real life as well as VNDC guaranteed by banks.
7. Using VNDC for what?
VNDC will be used as loan instrument, trading goods, changing accumulated and cashback points. Its function is equivalent to a Fiat built with Blockchain-
based.
29. 28 | VNDC Whitepaper
8. If VNDC is stable coin, it will not be suitable for speculation, so buying IBO have any benefits?
VNDC is not suitable for speculation. VNDC is DAMH’s digital asset and people use a VNDC for payment as cash digitized. For long-term investment,
investor should buy shares of company owned VNDC. If they are shares, investor can receive dividends arising during VNDC rental process and other
activities..
9. How to invest?
Step 1: Creating an account through the link introduced (if there is no introduced link, account cannot be created)
Step 2: Step 2: Taking photo of ID card or passport to verify your account (After verifying successfully, announcement email will be sent)
Step 3: Depositing to account (escrow account) through common forms in Vietnam such as transferring, credit card, etc.
Step 4: Once the order is successfully processed, the money will be credited to the account.
Step 5: “Opening VNDS contract” by entering the amount of VNDS needed to buy.
Guiding registration account link: https://goo.gl/P4xDjR
10. Vietnamese Law prohibits using other money to replace VND in payment, so how about VNDC?
Actually VNDC is VND because of the bank guarantee, so using VNDC is legal.
11. What are advantages of VNDC?
30. 29 | VNDC Whitepaper
+ Guaranteed by prestigious banks and having high liquid asset
+ Exchange to VND easily.
+ No Foreign currency exchange fee while doing financial transaction.
+ Fee of transferring ownership of contract (transaction fee) is very low only 0.1%, minimum VND 2,000, maximum VND 200,000
+ No imposing personal income tax on goods
+ VNDC protects Vietnamese investors from hacker and theft.
12. Is VNDC prohibited to sell in Vietnam?
No! As we say, VNDC is not a new or digital currency, but VNDC is VND digitized based on the bank guarantee contract and issued with the same amount of
guaranty quantity
13. Project team includes who?
Leaders of project include:
- Vuong Le Vinh Nhan: CEO-TrustPay Joint Stock Company
- Nguyen Khanh Toan: CEO- HVA investment Joint Stock Company
- Pham Xuan Huy: CEO- Vinagroup Joint Stock Company
- Ho Huynh Duy: Chairman-DGROUP Investment and Development Joint Stock Company
16. If the project is not implemented, do investors get their refunds?
31. 30 | VNDC Whitepaper
Yes. Investor money will be refund 100%.
17. I have already registered an account and it has been completely verified, but I haven’t bought enough 10,000 VNDS and someone I
recommended buys shares, then do I get bonus on the one that I recommended?
No. To get a bonus you have to have enough 10,000 VNDS in your account before someone you recommended buys shares.