The Hanoitimes - Philipp Roesler is expected to support Vietnamese startups to go global. Vietnam gains significant geopolitical footing after Hanoi summit: WEF’s executive Vietnam ranked 19th among world’s best destinations for expats Vietnam named among top friendliest places on Earth for expats VinaCapital Ventures, the technology investment company of VinaCapital, announced the appointment of Vietnamese-born Philipp Roesler, former German vice chancellor, as the Chairman of its Advisory Board as well as its two latest investments in Urbox and Wee Digital. Philipp Roesler. Source: Spiegel.de As Chairman of the Advisory Board, Roesler will provide counsel for both VinaCapital Ventures and its investees, stated VinaCapital in a statement. “In Europe, he was as a bridge between German startups and Silicon Valley, and now he will play this and other roles for startups in Vietnam,” stated Don Lam, co-founder of VinaCapital. For his part, … [Read more...] about Germany’s Vietnamese-born former vice chancellor takes job in Vietnam
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Vietnam emerges as peace mediator amid Trump-Kim summit
The Hanoitimes - Vietnam serves as case study of foe-turned-ally and fast-growing economy, international experts said. Trump-Kim summit second day schedule: White House Trump and Kim meet in Metropole Hanoi The second summit between US President Donald Trump and North Korean Chairman Kim Jong Un is taking place in Vietnam’s capital city of Hanoi. Let’s see why the US former foe gets such a reliable role in reconciliation. Professor Carl Thayer - Australian Defense Academy, University of New South Wales Prof. Carl Thayer. Photo: Straits Times Vietnam has demonstrated the ability to organize high-level events with the assurance of public security and luxurious infrastructure to meet the requirements of heads of state. During the APEC 2017 senior week, Vietnam has ensured “the highest level” security. Vietnam and Hanoi will become the world’s center of attention until the Trump-Kim meeting ends. Professor Katsuhito Asano - former … [Read more...] about Vietnam emerges as peace mediator amid Trump-Kim summit
Wall Street roars back to life in best session in nine years
Wall Street stocks shook off four straight routs following strong retail sales data and White House reassurances that Fed Chair Jay Powell won't be fired. Traders work on the floor of the New York Stock Exchange. (Source: AP Photo/Richard Drew) NEW YORK: Wall Street stocks roared back to life on Wednesday (Dec 26), shaking off four straight routs following strong retail sales data and White House reassurances that Fed Chair Jay Powell won't be fired. The Dow Jones Industrial Average finished up 1,086.25 points (4.95 per cent) at 22,878.45. The broad-based S&P 500 surged 116.59 points (4.96 per cent) to 2,467.69, while the tech-rich Nasdaq Composite Index advanced 361.44 points (5.84 per cent) to 6,554.36. The US gains were the biggest for a single session on Wall Street in nine years, a surge analysts attributed in part to technical factors after days of selling. "It's coming off of oversold conditions and it was frankly due for a bounce," said Matt Miskin, market … [Read more...] about Wall Street roars back to life in best session in nine years
Insurtech signals radical change in global insurance
Insurtech is taking a firmer foothold in Vietnam, promising faster and more personalised services based on Big Data Insurtech, made up of the words ‘insurance’ and ‘technology’ in a similar vein to financial technology’s fintech, is a new concept that gained popularity only after a series of conferences in 2016 in New York, known as the world’s financial capital. It has been named as a factor in the downfall of practices in insurance which have existed for hundreds of years, as well as flipping consumer behaviour and corporate governance at insurance companies upside down. Technology is being adopted in all stages of the insurance supply chain, from market research, product development, and risk assessment to sales, after-sales, and customer service. With the help of cutting-edge technologies such as Artificial Intelligence (AI) or Big Data, these innovations promise to improve efficiency at businesses and service quality. New insurance products … [Read more...] about Insurtech signals radical change in global insurance
Asia markets mostly up on hopes for crunch Trump Xi trade talks
Federal Reserve boss Jerome Powell's speech will be closely followed after another attack from Donald Trump over his decision to press ahead with raising interest rates. (Photo: AFP/Alex Wong) Wall Street provided a positive lead following soothing comments from top White House economic advisor Larry Kudlow on the chances of a trade deal when the leaders of the world's top two economies meet Saturday. "The president said there's a good possibility we can make a deal and he's open to it but certain conditions have to be met, certain things have to be changed," Kudlow told a White House briefing. The remarks came a day after Trump warned that if he cannot reach a deal with Xi he expects to increase tariffs on US$250 billion of Chinese goods and impose levies on all the other goods the US imports from the country. While observers do not expect a wide-ranging deal to be made at the meeting, which takes place on the sidelines of a G20 summit in Buenos Aires, there is the possibility of … [Read more...] about Asia markets mostly up on hopes for crunch Trump Xi trade talks