Kevin Coppel, Asia-Pacific managing director (left ) and Christine Li, Asia-Pacific head of research for Knight Frank in Singapore When the US-China trade tensions bubbled over in 2018, corporates found it increasingly difficult to carry out business in China due to sourcing uncertainties and rising costs. This trend only worsened in the face of the pandemic and resulting border closures. Businesses responded by pursuing opportunities to set up bases outside of China while still retaining a stake in one of the world’s strongest economies. The China+1 strategy thus emerged. It is based on diversifying its supply base into other countries in order to minimise the risk of disruptions arising from geopolitical tensions, trade wars and tariffs, as well as rising labour costs. These companies are not abandoning China but rather giving themselves options, enjoying the best of what China and other economies have to offer. In pursuit of the China+1 strategy, the spotlight is naturally … [Read more...] about Will Vietnam become a big geopolitical beneficiary?
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Women in Southeast Asia, such as the Philippines and Vietnam, have fared particularly well in making entrepreneurial progress, despite significant social-cultural and infrastructural barriers threatening to impede their growth. Lack of government SME support, poor access to entrepreneurial finances, and a severe lack of education opportunities remain the major constraints to advancing women’s entrepreneurship in Asia’s lower-middle-income economies. Encompassing 65 economies and 82.4% of the global female labor force, the fifth edition of Mastercard’s Index for Women Entrepreneurs (MIWE) examined women’s progress in the global entrepreneurship landscape over the last two years. The findings reveal that despite worldwide efforts to mitigate the pandemic’s effects, women have experienced considerable economic and social implications. As a result, the expected time to overcome the worldwide gender gap may be extended by another 36 years. Six economies from the Asia Pacific … [Read more...] about Women in Southeast Asia’s low-income economies emerge as the world’s most resilient entrepreneurs
The actress from ‘Spider-Man: No Way Home’ recently participated in a video promotion campaign for the famous jewelry brand Bulgari, wearing a black jumpsuit from Cong Tri's Spring Summer 2022 collection. The top is made of satin silk and the pants, of faille material. The highlight of the design are its deep cut neckline and see-through silk sleeves. This design according to Cong Tri was made in 56 hours, using pleating techniques to create folds that add volume and texture to the outfit. Zendaya's team contacted Cong Tri in early May, saying they like his jumpsuits since it fits the idea of conveying the image of a luxurious and powerful woman. Zendaya Maree Stoermer Coleman is an American actress, singer and model. She has starred in many blockbusters, including ‘Spider-Man: Homecoming’, ‘The Greatest Showman’, and ‘Shake it Up’. In 2020, she became the youngest person in Emmy history to win the "Best Actress" award for her role in ‘Euphoria’. Zendaya was crowned the … [Read more...] about Zendaya dons Cong Tri design for jewelry campaign
Petrol retail prices in the country have been adjusted many times over the past few months, Photo: Le Toan In Vietnam, gasoline prices continue to increase, and after the adjustment on May 11 by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance, each litre of E5 RON92 petrol increased by 6.5 US cents to $1.26 per litre while RON95 climbed by 6.7 US cents to $1.30 per litre. On May 17, the price of US WTI crude oil remained at a high level of over $114 per barrel while Brent oil maintained its upward momentum at $114.28 per barrel. Before the next adjustment, which was due on May 21, petrol prices in Vietnam were forecast to continue to increase to higher levels. The ministries first adjusted gasoline prices on January 11 due to a decrease in global supply, production output by Kazakhstan and Libya, and oil inventories of the United States. According to Decree No.95/2021/ND-CP, effective from January, there will be three adjustments each month to the … [Read more...] about Vietnam riding the wave of inflationary unpredictability