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Vietnam dismisses bitcoin as legal currency

The State Bank stated on February 27 that bitcoin and other virtual currencies are not legal tender or a permitted means of payment in Vietnam.
The State Bank stated on February 27 that bitcoin and other virtualcurrencies are not legal tender or a permitted means of payment inVietnam.

Credit institutions are not allowed to use them while supplying services to customers.

The ownership and trading of bitcoin and similar currencies poses many risks as they are not protected by the law.

The bank warned organisations and individuals not to invest or conduct any payment with them.

First appearing on the Japan-based Mt.Gox exchange in June 2010,bitcoin has been widely used since early 2013 for payment andinvestment.

Many governments, including Thailand, Russia, France, China and Norway, do not recognise it as a legal currency.-VNA

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Vietnamese lychees make sweet impression on UK consumers (Photo: VNA)

Vietnamese lychees win over UK consumers

The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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