Atiku 2023 ambition

Like a rising number of her highly educated peers, Liang keeps trading down to try and find a source of income in China's worst youth job market on record. "Finding a job has been really difficult," said the 25-year-old, who lives with her parents in the northern industrial city of Taiyuan. "I told my family that I'm willing to take up manual labor and my mum straight-up cried. She felt so sorry for me." Economists expect such examples to become increasingly common in coming years, as a glut of university graduates and a shortage of factory labor due to an aging workforce deepen China's job market imbalances. Youth unemployment hit a record 20.4% in April, and a new high of 11.58 million university students are due to graduate this summer. All are competing for jobs in what remains one of the world's fastest-growing major economies, but whose manufacturing-heavy structure is increasingly out of step with the aspirations of its younger generations. The industries most … [Read more...] about Chinese graduates lower their ambitions in moribund jobs market

e27, a tech and startup media platform in Asia, has announced the launch of this two-day event, taking place on June 14-15 at Singapore EXPO. With over 100 international speakers, the summit aims to connect startups, explore business opportunities, and foster new tech investments in Southeast Asia. Vietnam's DIFISOFT and Hello3Dworld are among the top 100 startups participating. Echelon's expert speakers will cover topics including Web3.0, Southeast Asia's rising stars, future sectors and investment trends, mergers and acquisitions, sustainability, and growth. Workshops, roundtable discussions, exhibitions, and networking sessions will further enrich the experience, offering abundant opportunities for startups and investors in the region. The previous Echelon Asia Summits have featured renowned figures from startups and venture capital firms such as Grab, Carro, Ninja Van, WeWork, Lazada, Shopback, and numerous others. The summit will mark the return of the TOP100 programme, … [Read more...] about Echelon Asia Summit 2023: Connecting Asia’s tech ecosystem for growth and innovation

Fertiliser products of Petro Viet Nam Ca Mau Fertilizer JSC (DCM) being processed. DPM is among the Top 50 prestigious and effective public companies of 2023 (VIX50). — Photo DPM The Top 50 prestigious and effective public companies of 2023 (VIX50), recently announced by the Vietnam Report JSC, has witnessed a significant change compared to 2022 with cautious forecasts. This list in 2023 has seen an amazing change with the spectacular performance of the banking industry. The Vinhomes Joint Stock Company, topping the list in 2022, has been plunged to the bottom of the ranking to make room for the Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank). A series of popular enterprises such as Hoa Phat, Masan, The Gioi Di Dong had to leave the Top 10 list to make room for PetroVietnam Fertiliser and Chemicals Corporation (DPM); FPT Joint Stock Company and a series of banks such as Vietnam Technological and Commercial Joint Stock Bank (Techcombank); Military … [Read more...] about Top 50 public companies of 2023 sees major changes

Masan chose South Korea as the next key market to launch its premium Chin-su collection after Japan. The company has invested in research and development to create a set of products that appeal to the country's culinary traditions and standards, as part of Chin-su's goal to bring Vietnamese cuisine to the world. Chin-su also launched a selection of Pho seasoning at the event, along with its chilli, soy, and fish sauces, developed with input from chefs, young people, and families in South Korea. There are three varieties of Chin-su chilli sauce available. First, the Original flavour makes any Korean dish hot with the spicy warmth of Vietnamese chilli peppers. With the harmony of spicy, sweet and sour flavours, Chin-su chilli sauce can be easily incorporated into typical Korean dishes such as pancakes, fried chicken, Gyoza (dumplings), fish cakes, and fried potatoes. The second variety is Bibim chilli sauce, which is mixed with rice sauce and is inspired by the typical … [Read more...] about Chin-su leaves strong impression at Seoul Food 2023

The national flag carrier of Vietnam stands at the 20th position in the rankings. AirlineRatings.com considered safety and government audits, the age of airline fleets, passenger reviews, profitability, investment rating, products and services, and staff relations to compile the list. In 2022, Vietnam Airlines received many domestic and international awards, including the world's leading cultural airline and Asia's leading airline - economy class of the World Travel Awards. It also had its air transport service recognized as a national brand by the Ministry of Industry and Trade and the National Brand Council. Continually posting double-digit growth over 30 years of development, except for the pandemic-hit period, Vietnam Airlines is taking the lead in the aviation market of Vietnam, one of the fastest growing domestic markets in the world. It is working to become a leading five-star international airline in Asia. … [Read more...] about Vietnam Airlines among world’s top airlines for 2023

The national flag carrier of Vietnam stands at the 20th position in the rankings. AirlineRatings.com considered safety and government audits, the age of airline fleets, passenger reviews, profitability, investment rating, products and services , and staff relations to compile the list. In 2022, Vietnam Airlines received many domestic and international awards, including the World's Leading Cultural Airline and Asia's Leading Airline - Economy Class of the World Travel Awards. It also had its air transport service recognized as a national brand by the Ministry of Industry and Trade and the National Brand Council. Continually posting double-digit growth over 30 years of development, except for the pandemic-hit period, Vietnam Airlines is taking the lead in the aviation market of Vietnam, one of the fastest growing domestic markets in the world. It is working to become a leading five-star international airline in Asia. Source: VNA … [Read more...] about Vietnam Airlines a star among world’s top airlines for 2023

Raffles Family Office, an award-winning multifamily office with a full suite of wealth management services for ultra-high-net-worth individuals headquartered in Hong Kong and Singapore, is intensifying its commitment to private equity (PE) transactions within Southeast Asia, leveraging this approach as a means of bolstering its portfolio diversification. This strategic move is partly driven by ongoing geopolitical tensions and regulatory risks emanating from China, further compounded by concerns surrounding rising interest rates, inflation, and the spectre of recession. According to Dealstreetasia , Raffles Family Office has allocated between 10-15 per cent of its considerable assets under management specifically for investments in the PE realm, as revealed by Jo Huang, the firm's head of Private Equity. Huang emphasised the value of geographical and sectoral flexibility as a risk mitigation measure for the company's investment undertakings, expressing a desire to expand its … [Read more...] about Raffles Family Office bolsters private equity focus in Southeast Asia

Some representatives from Vietnam have garnered an overwhelming response from a remarkable total of over 436 registered projects at the regional event which shows a resurgence of architectural excellence in India, Thailand, Indonesia, and Vietnam. Mai Chau Culture Resort, Grand Tourane Nha Trang Hotel, and Ambassador Cruise Restaurants are several brands among the finalists of the Asia Architecture Design Awards 2023 (AADA). AADA categories include Best Resort Architecture Design, Best Hotel Architecture Design, Best Resort Interior Design, Best Lighting Design, and Best Furniture Accessories, among others. Tre Dining in HCM City is listed as one of the Best F&B Architecture designs. Photo: Tre Dining Those from Vietnam made an impressive display on the shortlist, demonstrating their architectural prowess. From May 30 to June 25, the jury will begin their work with 20 influential experts from various fields, including architecture, design, and real … [Read more...] about Vietnamese brands listed in Asia Architecture Design Awards’ Top 100 Outstanding Projects

Vietnam’s long-awaited Power Development Plan VIII (PDP8), confirmed in mid-May, is a milestone in the country’s journey towards energy transition. The main objective of the legislation is to achieve energy security for Vietnam, progressing on its climate change commitments towards the middle of this century, and more specifically to export 5,000-10,000MW of power by 2030. Towards these goals, the PDP8 proposes a new energy mix with a substantial reliance on renewables and the development of smart transmission grids to support the renewables industry, including connecting the power grids with neighbouring countries. “We appreciate the government for the approval of the PDP8, as it provides a clear path to the completion of the grid interconnection, which is critical for us and Electricity of Vietnam (EVN) to complete agreement on the tariff and schedule of the power purchase agreement (PPA). We target completion of the PPA in Q4 of 2023 in order to break ground in 2024,” said Ian … [Read more...] about Power overhaul plan picks up steam

Meanwhile, in late July or early August, VPBank is set to receive over $140 million from its arrangement to sell a 15 per cent stake to Japanese partner SMBC. The bank received a deposit equal to $156 million from the Japanes bank in mid-April. Many other lenders are currently mulling over plans to sell a stake in their businesses to foreign investors, with deals values at billions of US dollars. The most eminent among those involve Vietcombank and BIDV. Vietcombank is mulling over a private placement of over 307 million shares between 2023-2024 to a foreign financier. Assuming that the purchase price is set at around $4 a share, as was the ticker price at the close of business last week, the state lender would acquire approximately $1.2 billion from any deal. Besides selling stakes in the banks themselves, many local commercial lenders are being proactive in seeking foreign funding. Similarly, BIDV is seeking to sell a 9 per cent stake equal to over 455 million … [Read more...] about Local banks seek foreign funding