This time in Dubai, I recommended Ho Chi Minh City to a lot of friends. First of all, in Asia, Vietnam ranks at the top in terms of safety. In Southeast Asia, it's second only to Singapore. You can even see many young people strolling around and drinking coffee late at night in Ho Chi Minh City. Secondly, Vietnam, especially Ho Chi Minh City, has a very strong foundation in cryptocurrency. Even the State Bank of Vietnam is considering issuing a stablecoin. I came across some data showing that 70% of people in Vietnam are aware of cryptocurrency, and over 30% directly or indirectly hold crypto. The usage rate of USDT in Vietnam is increasing, and there are even many micro-lending businesses based on cryptocurrencies like USDT. By 2026, Vietnam is expected to issue licenses for cryptocurrency exchanges. I’ve heard that 11 local exchanges are already applying for licenses. Personally, I conservatively estimate that by 2030 at the latest, Vietnam could very likely become the most crypto-friendly country in Southeast Asia. Of course, Vietnam isn’t without its issues. The local Vietnamese population generally has poor proficiency in both Chinese and English, and Vietnamese itself isn’t widely used outside the country. Additionally, a significant portion of the local population isn’t very hardworking. Interestingly, Vietnamese women tend to work harder than Vietnamese men. Many Vietnamese employees are also quite resistant to working beyond the standard eight hours. What I find most troublesome is that some Vietnamese people have a strong tendency to gamble. This might be good for exchanges, but it’s quite problematic for businesses. So, my personal view is that increasing investment in Vietnam is a good idea, but management should not be too lax. Vietnam can be used as a stepping stone for development in Southeast Asia and as a source of profit, but it might be difficult to use it as a solid foundation. Bitget VIP, lower fees, bigger perks.