Andrea coppola

Seven-month growth is mainly driven by the retail of goods and services (Photo: thanhnien.vn) Hanoi (VNA) – Country Director of the Friedrich Naumann Foundation for Freedom (FNF) in Vietnam Andreas Stoffers has anticipated that the Vietnamese economy will continue its growth track. The average consumer price index (CPI) increased moderately by 3.12% year-on-year in January-July. The declining trend in the average CPI growth over the months is a positive sign indicating that Vietnam is on track to achieve the inflation control target of below 4.5% set for 2023. During the first seven months of this year, the growth was mainly driven by the retail of goods and services, which rose by 10.4% annually. The industrial production index in July also saw an increase from earlier this year. Attributing these positive outcomes to the fiscal and monetary policies of the State Bank of Vietnam (SBV), he said the reduction in interest rates is stimulating credit demand and enhancing … [Read more...] about Expert: Vietnamese economy to continue growth track

The inspiring event The Makeover will take place in Ho Chi Minh City on October 18-19 with the focus on business innovation. A line-up of 20+ top-notch speakers who are leading innovation strategists from around the world will share over 12 engaging topics to spark agile change and innovation for business enhancement. Talentnet , a leading provider of comprehensive, professional, and practical human resource solutions in Vietnam, aims for this event to be “not another generic business event” but a place that will change the mindset of business leaders about innovation and creativity in human resource management strategies. Andreas Ekström, a distinguished TED Talk speaker, will visit Vietnam for the first time and becomes a guest speaker at the event. Ekström has spoken in over 30 countries and is a journalist and author focusing on the online world, media, and digital equality. His journalistic approach, combined with his dynamic delivery has made him one of … [Read more...] about The Makeover: world-class speakers set for business innovation event

Only a small fraction of private sector forest-based carbon credits available for purchase to offset greenhouse gas emissions actually help prevent deforestation, according to new research. Across nearly a score of offset projects examined in central Africa, South America and Southeast Asia, only 5.4 million out of 89 million credits -- about six percent -- actually resulted in carbon reduction through forest preservation, scientists reported this week in the journal Science. In carbon markets, a single credit represents one tonne of CO2 that is either removed from the atmosphere by growing trees, or prevented from entering it through avoided deforestation. Each year, burning fossil fuels -- and, to a much lesser extent, deforestation -- emit roughly 40 billion metric tonnes of CO2, the main driver of global warming. As climate change accelerates and pressure mounts on corporations and countries to slash emissions, the market for carbon credits has exploded. In 2021, more … [Read more...] about Voluntary deforestation carbon credits failing: study

Andreas Klingler (L), General Director of Porsche Vietnam, and Nguyen Hoang Anh (R), owner of the first 911 Dakar in Vietnam. Photo courtesy of Porsche Vietnam Porsche Vietnam officially launched the highly anticipated 911 Dakar at a press conference at Porsche Centre Saigon. Inspired by Porsche’s first overall victory in the 1984 Paris-Dakar Rally, the Porsche 911 Dakar features a unique combination of superior off-road characteristics and on-road performance. The exclusive model, of which only 2,500 units were produced, shows that there are hardly any limits to the concept of the Porsche 911. Nguyen Hoang Anh, a long-cherished member of the Porsche family, is the first to own the 911 Dakar in GT Silver Metallic. He is passionate about sports cars, specifically the 911. He also has a penchant for adventure and cross-continental journeys. At the handover ceremony, Hoang Anh revealed that he has always dreamed of owning Porsche's first overall winning vehicle at the … [Read more...] about Porsche 911 Dakar officially released in Vietnam

It's been a bumper harvest so far in the sun-drenched Burgundy vineyards of eastern France, where some of the world's most sought-after wines are produced. And both drinkers and winemakers are breathing a sigh of relief after a run of poor harvests sent prices sky high. The grape pickers working for the prestigious Clos de Vougeot -- a mile (1.6 kilometres) up the road from mythic Romanee-Conti, which produces one of the world's most expensive reds -- handle the bunches of blue-black pinot noir grapes with care. And for good reason. The wine from its century-old vines can sell for several hundred euros a bottle. While vines are being ripped out of the ground in Bordeaux, France's other top wine region, because of overproduction, Burgundy's winemakers can't get their hands on enough grapes. That combined with unquenchable demand has some worried that Burgundy prices were going too high. "The number one problem in Burgundy is the lack of wine," said Francois Labet of Chateau … [Read more...] about Bumper harvest calms fears of Burgundy wine bubble

Wade Cruse (right) and Andrea Campagnoli shared Bain & Company's vision and strategy at the opening event of the company's first office in Vietnam What drove your decision to establish a presence in Vietnam? Campagnoli : Bain has been serving our Vietnam clients, multinational corporations (MNCs) and investors for nearly 20 years. Coupled with our desire to be closer to our clients on the ground, Vietnam's rapid growth and innovation have caught the attention of many global businesses. Vietnamese companies are expanding quickly, and their level of entrepreneurship resonates with our global strategy. With offices in 65 cities spread across 40 countries, we prioritise having a footprint in vital regions, such as Southeast Asia. Establishing an office in Ho Chi Minh City was a strategic decision. We recognised the increasing interest of our global clients in either operating in or catering to the Vietnamese market. Their movement creates opportunities, and we strive … [Read more...] about Vietnam’s exciting growth powers Bain & Company’s first office in Ho Chi Minh City

Prof. Andreas Stoffers, country director of the Friedrich Naumann Foundation in Vietnam For many years before the pandemic, the Vietnamese real estate market was a no-brainer for both private and institutional investors. It had a reputation for generating a high return within a short timeframe, and was buoyed by the traditional preference of the Vietnamese for real estate ownership. Other drivers included the lack of safe alternatives in other areas, as well as a rather lax supervisory practice and low financial literacy among large sections of the population. More recently, there has been strong growth in corporate bond issuance, which of course has an impact on foreign investors' view of Vietnam. But it's also clear to them that the difficulties Vietnam is currently facing are both endogenous and exogenous. Of particular note here is the weakening of international trade due to a variety of factors. For example, Vietnam's total international trade in the first seven … [Read more...] about Neighbouring real estate wobbles and their impact on Vietnam