Viaduto do Chá

How we're using the Vietnamese ethnic savings scheme 'Hụi' to buy back our cultural heritage

Retrieved on: 
Giovedì, Luglio 6, 2023

This clandestine loan-savings scheme was a way for low-income Vietnamese refugees to buy their first family car, start a small business or make a home deposit.

Key Points: 
  • This clandestine loan-savings scheme was a way for low-income Vietnamese refugees to buy their first family car, start a small business or make a home deposit.
  • They survive today in rural areas and overseas diaspora communities who have struggled to secure bank loans and legal credit.
  • It is interesting that multiple cultures across the Moana-Pacific use the term “Hui” to describe a collective gathering or negotiation.

Vietnamese diaspora

    • With this mass intake, fragmented resettlement programs and unreliable social and legal services compounded the realities of post-traumatic stress and poverty.
    • The outer suburbs where our families could afford to live – Cabramatta, Footscray, Richmond, and Inala – quickly gained a reputation for gang violence, becoming infamous as the drug-riddled Vietnamese ghettos of the eastern seaboard.

Collective sharing

    • Class affiliations meant people could reconnect through well-established social networks to form tightly regulated Hụi clubs wherever we resettled.
    • Monthly payments could range anywhere between $200 and $5,000, depending on the risk tolerance and income bracket of each club.
    • These collective savings schemes were risky, with no legal recourse if members decided to Dựt Hụi, or “do a runner”.
    • Intrinsically collective and self-determined, Hụi encourages unexpected forms of cultural agency and mobilisation beyond institutional permission or containment.

Playing the Đông Sơn Drum

    • The Đông Sơn Drum is an ancient ceremonial instrument woven into the mythology and identity of Vietnamese people.
    • These drums are held in colonial museums and ethnographic collections the world over.
    • We had the quick cash to purchase a Đông Sơn drum when it came up at a local estate auction.

AvatarArt: Bringing Order to the Chaotic World of NFT

Retrieved on: 
Martedì, Novembre 23, 2021

Hanoi, Vietnam--(Newsfile Corp. - November 23, 2021) - AvatarArt helps to bring order to the chaotic world of NFT.

Key Points: 
  • Hanoi, Vietnam--(Newsfile Corp. - November 23, 2021) - AvatarArt helps to bring order to the chaotic world of NFT.
  • There must be an answer to whether or not a million worth NFT does have a true value.
  • It also offers the function of fractionalizing valuable NFTs and listing them on the order book exchange for real-time transactions.
  • Besides Defi, Vietnam's NFT market has become more exciting, especially after the blooming success of Axie Infinity - the P2E NFT Game.