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Vietnam is one of the four countries from which Finland is aiming to attract high-skilled personnel through a talent-seeking program that has been introduced in Ho Chi Minh City. The Commercial Section of the Finnish Embassy in Vietnam held a conference on Tuesday in Ho Chi Minh City to debut the Talent Boost program, which helps seek high-quality human resources from Vietnam, as well as from Brazil, Turkey, and India. The program was presented by a Finnish delegation involved in education and work, including Laura Lindeman, senior director and head of work in the Finland Unit at Business Finland, a government organization for innovation funding and trade, travel and investment promotion. Under the program, Finland attracts talents from students to professionals such as doctors, nurses, information technology and clean engineers, and start-up entrepreneurs, Lindeman said. Those who are professionals will undergo procedures for diploma recognition, which will take about a year, … [Read more...] about Finland aims to attract high-quality human resources from Vietnam

In the first two months this year Vietnam’s average rice price was over $519 per ton. Since August last year, it has exceeded Thai prices by $15-27 and prices from India by $40-50. Although Vietnamese export volumes dropped 20.9% year-on-year to $400,000 tons in January, prices rose 7% over the period. Last year rice exports from Vietnam reached a 10-year high of 7.1 million tons. The country plans to export 6.6 million tons of rice this year, with 4.12 million tons in total scheduled to be delivered by the end of the first six months. Favorable export conditions are expected to return this year thanks to a resumption in demand from Indonesia and Bangladesh. Buyers will increasingly turn to Vietnam for rice as India has banned the export of broken rice and put a 20% tax on white rice. But the Ministry of Industry and Trade is concerned that the lack of diversification in export markets and dependence on China and the Philippines (the latter being the largest buyer of … [Read more...] about Vietnam rice price on top of the world

How did a bank ranking on the list of American Best Banks for five straight years collapse in your viewpoint? Professor Andreas Stoffers, country director of the Friedrich Naumann Foundation in Vietnam Just before March 10, Silicon Valley Bank (SVB) was the 16th largest in the US. It had taken four decades to build and its parent company SVB Financial Group. However, it took only 36 hours to completely dismantle. SVB was forced to sell assets at a loss to pay for withdrawals from venture capital funds and tech startups. However, this led to massive withdrawals, while SVB was facing many difficulties, which left it unable to pay its debts, leading to bankruptcy on March 10. Dark memories of the 2008 financial crisis returned and this crisis did reach other banks in the US as well. Many questions remain unanswered, such as why bonuses were still being paid to management shortly before the bank collapsed and why the CEO was still gold-plating his shares in January … [Read more...] about The potential ramifications of US banking collapse

Vietnam’s rice exports are forecast to remain favorable this year, with an estimated 6.5-7 million tons. Since August 2022, the price of Vietnam's 5% broken rice has been the highest it has ever been on the world market. Crop harvesting in the Mekong delta region. Photo: Giang Lam Vietnam's export price of 5% broken rice has been the highest in the world for several months since August 2022, surpassing Thailand's by US$15-27 per ton and India's by US$40-50 per ton, according to a report by the Ministry of Industry and Trade (MoIT). Last year, Vietnam's rice export volume reached a 10-year high of 7.1 million tons. Despite a more than 20 percent drop in export volume in the first month of 2023, the upward trend in rice export prices continued, averaging more than $519 per ton in the first two months of the year. The price increase was about 7%, offsetting the decline in volume, MoIT said. The Vietnamese Food Association (VFA) reports that the current … [Read more...] about Vietnam’s rice prices remain highest in world market