Everybody say p keep it going

In 2020, chairman Nguyen Van Dat appointed you as CEO of Phat Dat. Taking on this new responsibility, how did you feel back then? Throughout Phat Dat's 16-year history, the chairman and founder exerted his influence on every decision. In such a context, I found myself in a favourable situation thanks to the inherited strategic orientations from the chairman and the determined management team. Besides this, Phat Dat has embarked on an ambitious plan for 2019-2023 to restructure its investment portfolio, targeting billions USD in market cap and exceeding 50 per cent in compound growth rate. Growing up inside the organisation, I am enthusiastic about Phat Dat's development. My new task, which capitalises on the past achievements and simultaneously accompanies the chairman to write Phat Dat's further development, is really challenging. When I received the appointment decision, many thoughts crossed my mind. I immediately told myself that I must live well, grow strongly, and see … [Read more...] about Phat Dat’s strategy to successfully acquire new real estate projects

Hundreds of divers flock to the Han River and the Gulf of Da Nang in the eponymous city every day in search of a species of hard-shell clam gaining popularity on city restaurant menus. ‘Chip chip,’ a Vietnamese onomatopoeia for the chirping sounds of birds, is what local Vietnamese call these black-and-white hard-shell clams native to the Han River and the Gulf of Da Nang. Featured in a variety of Vietnamese dishes that go particularly well with cold beer, chip chips have earned their place in the stomachs of local residents and food-loving tourists, resulting in a boom in the ‘chip chip’ diving trade. As these clams normally hide themselves under muddy riverbeds, divers must submerge themselves by up to eight meters and use gloved hands in search of their prey. Tuoi Tre (Youth) newspaper reporters hitched a ride on one merchant’s motorboat to witness first-hand the growing business happening day and night on the Han River. Under the scorching heat of the mid-July sun, … [Read more...] about Clam hunting in central Vietnam

The credit quality of real estate firms is at a good level with financial leverage below 1.5x. During the first seven months of 2022, over VND420 trillion (US$18 billion) was pumped into the real estate market. The figure could be raised to VND800 trillion ($34 billion) by the end of the year in case of favorable conditions. Investors looking at a real estate project in Me Linh District, Hanoi. Photo: Pham Hung Economist Can Van Luc, a member of the National Financial and Monetary Advisory Council, shared the view at a real estate forum held on August 17, noting the figure is huge compared to total investment capital for the economy. According to Luc, while transaction activities have been subdued in recent months, this would pose a golden opportunity to restructure the market for more sustainable growth. “In the past, real estate was widely seen as the first option when people explore fields to invest in, and that is a huge risk to the economy,” Luc said. … [Read more...] about Over US$34 billion set to pour into Vietnam’s real estate market this year

Visitors at a booth in the exhibition (Photo:VNA) Hanoi (VNA) - The Vietnam International Dental Exhibition and Congress 2022 - VIDEC 2022 themed “Dentistry in the New Era” kicked off in Hanoi on August 17, bringing together 200 domestic and international delegates. Addressing the event, Deputy Minister of Health Tran Van Thuan highlighted the significance of VIDEC 2022 , saying that it contributes to strengthening communications, helping raise public awareness about oral health protection. He affirmed that the Ministry of Health always supports useful activities of professional associations and the Vietnam Medical Association in improving the public health. Nearly 100 scientific reports of Vietnamese scientists and those from over 10 countries around the world have presented dental issues. Advanced and modern dental products of the leading dental manufacturers from  the US, Australia, Switzerland, Thailand, France, Japan, Italy, Germany, the Republic of Korea, … [Read more...] about Hanoi hosts int’l dental exhibition and congress

SHANGHAI/PARIS -- From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-largest economy are a decade younger than the global average of 38. Young adults around the world have been "a very strong factor of luxury growth over the past decade," said Gregory Boutte, chief client and digital officer at Gucci-owner Kering. Data this week showed China's economy slowed unexpectedly, prompting a central bank rate cut, while macroeconomic trends are disproportionately impacting the extra funds that those born between 1996 and 2012 might use to enter the world of luxury. Whereas in North America and Europe, inflation and … [Read more...] about Luxury sneakers may be a step too far for cash-strapped Gen Z

Raw materials shortage s In the first half of 2022, export turnover of goods reached US$185.94 billion, up 17.3 percent over the same period last year. But while many enterprises have orders until the end of the year, they cannot speed up production due to raw material shortages. Director of Datalogic Vietnam Limited Liability Company, Dang Van Chung said the market demand is large, but businesses cannot accept new orders due to lack of electronic components. It also takes time to find alternative sources of raw materials, as reflected in the factory's revenue being 15 percent lower than the plan. “The shortage of electronic components is a general problem of the electronics industry. Relevant departments of the company are helping seek alternatives to meet customers’ needs,” said Chung. Vo Quang Ha, Vice Chair of the Dong Nai Wood and Handicraft Association, said wood supplies from Europe to Vietnam have plunged due to the impact of the Russia-Ukraine war. … [Read more...] about Exporters struggle with raw materials shortages