KFC tops the Decision Lab Best F&B Rankings for the second year in a row

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Ho Chi Minh City, April 2024: KFC (27.5) has once again claimed the ‘Best F&B Brand’ title in Vietnam, according to the Decision Lab Best F&B Rankings 2024. Highlands Coffee (25.2) and Trung Nguyên Legend (21.8) secured their runner-up and third spots, respectively.

Download the full ranking at Decision Lab’s website.

“We’re thrilled to be ranked the #1 F&B brand by Decision Lab for 2024. This reflects our commitment to quality and creating outstanding customer experiences. Thanks to our team and loyal customers, we’re excited to continue delivering the best,” Sibojyoti Chatterjee, General Director at KFC VN, commented on the ranking.

The Vietnamese F&B market is expected to boom in 2024, marked by the expansion of restaurants and coffee chains. Consumers, especially the younger generation, increasingly prioritise convenience and embrace dining out as a regular experience rather than just for special occasions. Additionally, coffee culture continues to thrive, with coffee chains becoming popular social hubs and offering a respite from daily life. The F&B scene is dynamic and adapting to the evolving preferences of Vietnamese consumers.

Decision Lab, YouGov’s exclusive partner in Vietnam, has released the Decision Lab Best F&B Rankings 2024. The rankings cover major brands in the F&B market. It reveals the top brands in terms of overall brand health and the most improved brands over the past year.

Brands are ranked based on YouGov BrandIndex’s Index Score, a measure of overall brand health calculated by taking each brand’s average Impression, Quality, Value, Satisfaction, Recommend, and Reputation score.

Download the full ranking at Decision Lab’s website.

KFC continues to top the Decision Lab Best F&B Rankings in Vietnam, scoring 27.5 points. Its Index score places it well ahead of other popular quick-service restaurants. In 2023, KFC also secured the highest Index score (28.8), and its score has fallen by 1.3 points this year.

Highlands Coffee secures its runner-up position with a score of 25.2. Trung Nguyên Legend, which achieved an Index score of 21.8, jumps to third. Phúc Long Coffee and Tea achieves an Index score of 17.9 to come in fourth. The Korean QSR chain, Lotteria, drops two spots to fifth position, scoring 17.7.

The other brands in the top 10 are The Coffee House (16.2), McDonald’s (15.3), Jollibee (15.2), Starbucks (12.5), and Pizza Hut (11.9).

Mr Thue Quist Thomasen, CEO of Decision Lab, commented on the rankings, “Decision Lab Best F&B Rankings 2024 indicates strong brand loyalty among Vietnamese consumers. Despite some changes in their scores, the top companies remain. The key takeaway here is the power of branding. Brands that want to grow sustainably must invest in high-quality products and services and brand reputation. This will help to build long-term brand engagement and customer loyalty.”

Top 5 Improvers: Trung Nguyen Legend is the most impressive climber

Download the full ranking at Decision Lab’s website.

Decision Lab released the five “most improved” brands alongside the overall rankings.

Trung Nguyên Legend and Jollibee lead the improver ranking with a score increase of 3.9 and 2.5. Highlands Coffee secured its third spot, increasing by 1.5 points. Texas Chicken and Cộng Cà Phê round up the top 5. Both increased by 1 point.

Mr Luong Binh Hai, Corporate Marketing Director at Trung Nguyên Legend, commented about the ranking, “As Vietnam’s leading coffee brand, Trung Nguyen Legend, with its great aspirations and the spirit for service, through its efforts to provide excellent cups of energetic coffee and inspiring books, has created differences and recognised as the most improved brand in Decision Lab Best F&B Rankings 2024.”

Mr Lam Hong Nguyen, General Manager at Jollibee, commented about the ranking, “Jollibee is honoured to rank among Vietnam’s top F&B brands and be recognised for our significant improvement. This achievement reflects our dedication to providing delicious, high-quality food experiences that resonate with Vietnamese consumers. We’re committed to continuous innovation and growth, and we look forward to serving Vietnam for many years to come.”

Methodology

The Decision Lab Best F&B Rankings 2024 are calculated using data collected from YouGov’s online panel in Vietnam daily from the flagship YouGov BrandIndex solution.

The brands were ranked based on YouGov BrandIndex’s Index score, which measures overall brand health calculated by taking the average of Impression, Quality, Value, Satisfaction, Recommendation and Reputation.

The Index Rankings chart shows the brands with the highest Index scores between 1 March 2023 and 29 February 2024.

The Index Improvers chart ranks the brands with the highest increase in Index scores, comparing 1 March 2023 and 29 February 2024 with the previous 12 months.

Both scores are representative of the online population of adults 18+.

All brands must have been tracked for at least six months to be included in the rankings and for at least 18 months (as well as currently being tracked) to appear in the Improvers tables.

-End-

For further information, please contact:

Vu Phuong Linh

Marketing Associate

Decision Lab

+84 947 795 693

vpl@decisionlab.co

About Decision Lab:

Decision Lab is a company committed to driving new thinking and technology in marketing with Vietnam’s most modern market research offering. Combining Decision Lab’s thought leadership and problem-crunching capability with the industry’s strongest data solutions provides a best-in-class offering for leading innovative brands ready to transform with changing market conditions.

Decision Lab is well-known for its thought leadership in digital media and the understanding of a new generation of consumers. Collaborating with innovative multinational companies and prominent international technology leaders, it has established itself as a pioneer in the industry.

Decision Lab is the exclusive partner of YouGov in Vietnam.

Ether Could Surprise to the Upside in the Coming Months, Coinbase Says

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The cryptocurrency does not have major supply-side overhangs such as token unlocks or miner sell pressure, the report said.

Ether (ETH) has underperformed the broader crypto market this year, but its long-term positioning remains strong and it has the potential to surprise to the upside, Coinbase (COIN) said in a research report on Wednesday.

The second-largest cryptocurrency by market value has risen 29% year-to-date, less than two-thirds the surge its larger rival bitcoin (BTC) which has gained 50%. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, has advanced 28%.

“Ether may have the potential to surprise to the upside in the coming months,” the report said, noting that the cryptocurrency does not have “major sources of supply side overhangs” such as token unlocks or pressure created by miners’ sales.

“To the contrary, both staking and layer 2 growth have proven to be meaningful and growing sinks of ETH Liquidity,” wrote analyst David Han. “ETH’s position as the center of decentralized finance (DeFi) is also unlikely to be displaced in our view due to the widespread adoption of the Ethereum Virtual Machine (EVM) and its layer 2 innovations.”

The EVM is the Ethereum blockchain’s native processing system that allows developers to create smart contracts and lets nodes interact with them. Layer 2s are separate blockchains built on top of layer 1s, or the base layer, that reduce bottlenecks with scaling and data.

Moreover, the importance of potential spot U.S. ether exchange-traded funds (ETFs) cannot be understated. “We think the market may be underestimating the timing and odds of a potential approval, which leaves room for surprises to the upside,” Coinbase said

“Even if the first deadline of May 23, 2024 encounters a rejection, we think there is a high likelihood that litigation could reverse that decision,” the note said. “In the interim, we believe the structural demand drivers for ETH as well as the technological innovations within its ecosystem will enable it to continue straddling across multiple narratives.”

Korean Tourists Discover the Addictive Charm of Vietnamese Sugarcane Juice

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Vietnam, a popular destination for Koreans, has seen many of its local dishes gain fame among foreign visitors. Alongside iced milk coffee, sugarcane juice has become a favorite.

Michelle, a Korean travel blogger, shared her love for sugarcane juice during her trip to Nha Trang. She described the juice as “moderately sweet, refreshing, and a quintessential Vietnamese drink.” Despite the humble appearance of the juice stalls, which often lack air conditioning and have sugarcane remnants scattered around, Michelle found the flavor worth it. A glass of fresh sugarcane juice costs around 10,000 VND (500 won).

Last summer, YouTuber Honveler visited Da Nang and highlighted the affordability of meals that include sugarcane juice, costing only 2,000 won (nearly 40,000 VND). His video garnered many comments from Koreans curious about the inexpensive yet delicious food in Da Nang.

The Korean version of Veyond even dubbed sugarcane juice “the drink for your soul” of Vietnam. Since sugarcane thrives only in hot and humid tropical climates, it’s a novelty in Korea. In Vietnam, sugarcane is a common crop, easily grown and highly productive, leading to numerous juice shops across the streets. Sugarcane juice can also be mixed with pineapple, kumquat, or even durian.

“The green color might look a bit scary, but sugarcane juice is sweet and enjoyable, perfect for the hot Vietnamese weather,” noted Veyond’s article.

Vietnamese cuisine, including sugarcane juice, has also made its way to Korea. In Tongbok market, Gyeonggi city, a bustling Vietnamese restaurant offers sugarcane and coconut juice. A video by The Food Club showcased the restaurant, prompting viewers to ask for its location.

A Vietnamese sugarcane juice stall at Tongbok market, Pyeongtaek city, Gyeonggi province, South Korea. Photo: The Food Club

According to Yeogi Eottae, hotel bookings from Korean tourists in Vietnam tripled from June to August compared to the same period in 2023. Summer is the perfect time for tourists to enjoy Vietnamese specialties like sugarcane juice, fruit juice, and vegetable juice.

Which airline is the most punctual in the first 4 months of the year?

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In the first 4 months of 2024, Vietnamese airlines operated 87,036 flights, according to information from the Civil Aviation Authority of Vietnam.

Among them, Vietnam Airlines operated 36,755 flights, VietJet Air 36,753 flights, Bamboo Airways 6,730 flights, Pacific Airlines 2,559 flights; VASCO 2,207 flights, and Vietravel 2,032 flights.

Among the flights operated by Vietnamese airlines, 20,956 flights were delayed, accounting for a rate of 24.1%. This is a relatively high rate compared to the average delay rate (taking into account all of 2023, the delay rate of Vietnamese airlines was 15.5%).

Specifically, Vietnam Airlines had 16.4% delayed flights, VietJet Air had 33.1%, Pacific Airlines had 34.2%, VASCO had 16.5%, Bamboo Airways had 18.4%, and Vietravel Airlines had 13.8% delayed flights among the total flights operated by these airlines.

Out of 66,080 flights in total, 75.9% took off on time. Among them, Vietravel Airlines had the highest on-time departure rate at 86.2%.

When Vietravel Airlines first entered the aviation market in early 2021, it often ranked low in on-time departure performance. However, since the end of 2023, the airline has gradually improved this indicator and, overall, in the first 4 months of this year, it is currently the most punctual airline in Vietnam.

Overall in the aviation industry, the rate of delayed flights surged in the first 4 months. This is attributed to the peak month of the Lunar New Year, when the aviation industry experiences increased passenger demand for travel, while also facing various challenges.

According to the Civil Aviation Authority of Vietnam, the two main reasons for delayed takeoffs in the first 4 months of 2024 are late aircraft arrivals (14.7%) and airline operational issues (6.4%).

Other reasons identified by aviation authorities include airport equipment and services, weather, management, flight operations, and other miscellaneous reasons.

Also, in the first 4 months, there were 281 canceled flights, accounting for a rate of 0.3%. The primary reasons for airlines having to cancel flights in February were operational and commercial reasons. The remaining reasons included technical issues, weather, and other reasons.

@Cafef

CNN talks about Vietnam’s luxury tourist trains

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According to CNN, luxury train travel meets the demand for “slow living” and sustainable tourism of upscale travelers.

The Vietage by Anantara is a luxury train journey, connecting coastal tourist destinations in Vietnam. Photo: The Vietage by Anantara.

More and more affluent travelers are seeking to experience luxury train travel, enjoying scenic views from their windows and indulging in fine dining, CNN reports.

In Vietnam, the Anantara hotel group is tapping into this market. Launched in early 2020, The Vietage by Anantara, a luxury train journey lasting about 6 hours, connects Da Nang and Quy Nhon – one of the most beautiful railway routes in Vietnam.

Most recently, Anantara has also operated another 5-hour train journey, connecting Nha Trang and Quy Nhon.

According to Kate Jones, Head of PR and Advertising in Vietnam for Anantara, the new train journey will travel in the opposite direction (from the South to the North towards the central coastal region) to bring travelers to more beautiful natural landscapes.

The train is equipped with high-class furniture, providing a private experience for visitors. Photo: The Vietage by Anantara.

Similar to the first route, this train route also operates on the national commercial railway system, traversing the country.

“The new route passes through more coastal areas than the old journey. Vietnam has many beautiful bays and coastlines. Some mountainous areas also have vast golden rice fields. These are the main attractions on the 5-hour journey from Nha Trang to Quy Nhon,” she told CNN.

According to Anantara representatives, the tourist train moves quite slowly with an average speed of 51.9 km/h, allowing passengers to admire the seaside scenery of Vietnam.

On the new route, passengers can enjoy a complimentary afternoon tea set, including local salted fish eggs, artisanal cheese, cold cuts, and premium tea.

Meanwhile, on the old route, passengers are served a pre-booked 3-course specialty meal. In addition, light snacks, wine, cocktails, mocktails, tea, coffee, and soft drinks are served complimentary with a 15-minute head and shoulder therapy experience.

On the journey, visitors are served many regional specialties or ordered according to taste. Photo: @labase2005, The Vietage by Anantara.

On each journey, The Vietage by Anantara is equipped with a bar counter, restroom, and 6 private spaces with two seats each. Specifically, each space is equipped with power outlets, charging stations, free Wi-Fi, and a basket containing personal hygiene items such as pillows, blankets, and other essentials.

Passengers can book online on the official website of the train journey or choose through Anantara’s accommodations such as Anantara Hoi An Resort, Anantara Quy Nhon Villas, or Avani Quy Nhon Resort.

Sharing more about the train routes, Ms. Jones said that many people are shifting to rail travel instead of opting for air travel.

Train journeys allow travelers to experience landscapes in a slower and more sustainable manner, as well as to have realistic views of the destinations, enjoying sights that you certainly cannot experience at 10 km altitude.

@Znews

Railway sector increases trains and reduces ticket prices for summer

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The railway sector is organizing additional train services between Hanoi and Ho Chi Minh City, while implementing various ticket price promotion policies for passengers to serve the upcoming peak travel demand in summer.

The railway industry will organize more trains to serve people’s travel during the summer. Photo: Minh Hoang

According to TTXVN, the enhanced train pairs consist of SE1/SE2, SE3/SE4, SE5/SE6, SE7/SE8, SE9/SE10, and SE11/SE12. Additionally, the Hanoi – Vinh route has the NA1/NA2 train pair. The Hanoi – Dong Hoi route has the QB1/QB2 train pair. The Hanoi – Da Nang route has two pairs of trains: SE17/SE18 and SE19/SE20.

From May 17 until August 18, 2024, customers purchasing individual tickets for the SE1/SE2, SE5/SE6, SE9/SE10, and SE11/SE12 train pairs before the departure date from 20 to 39 days will receive a 5% discount on ticket prices. If customers purchase these tickets more than 40 days in advance, they will receive a 10% discount on ticket prices. The railway sector also notes that this promotion does not apply to the four-bed cabins of the SE1/SE2 train.

The railway sector will also announce the sale of tickets for the two tourist train pairs from Hue to Da Nang: HD1/HD2 and HD3/HD4. Accordingly, the ticket price for trains running on weekdays is 180,000 VND/ticket/way, while the ticket price for Saturdays and Sundays is 210,000 VND/ticket/way.

Starting from May 15, the Saigon Railway Transport Joint Stock Company will begin selling tickets for regular train services during the summer of 2024. The Ho Chi Minh City – Hanoi route operates daily with trains SE1/SE2, SE3/SE4, SE5/SE6, SE7/SE8, and SE11/SE12. Train SE9/SE10 operates daily from May 22. Meanwhile, the Ho Chi Minh City – Da Nang route will operate daily with train SE21/SE22.

The Ho Chi Minh City – Quy Nhon route has train SE30. The train operates on Wednesday, Thursday, Friday, and Saturday weekly from May 29. Train SE29 from Quy Nhon to Ho Chi Minh City will run on Thursday, Friday, Saturday, and Sunday, starting from May 30.

Other routes from Ho Chi Minh City include the daily Ho Chi Minh City – Nha Trang route with trains SNT1/SNT2. Additionally, train SNT4 from Ho Chi Minh City to Nha Trang will run on Wednesday, Thursday, Friday, and Saturday weekly from May 29. Train SNT5 from Nha Trang to Ho Chi Minh City will run on Thursday, Friday, Saturday, and Sunday weekly from May 30. The Ho Chi Minh City – Phan Thiet route operates daily with trains SPT1/SPT2. The Nha Trang – Da Nang route has train SE42/41 running daily, starting from May 24.

@SGtiepthi

Four Vietnamese delicacies among Asia’s best minced meat dishes

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Bun cha, a signature dish of Hanoi, and meatball banh mi are among the Vietnamese dishes included in TasteAtlas’ list of the top 61 minced meat dishes in Asia.

Additionally, other Vietnamese dishes honored to be on this list by the renowned culinary website include beef in betel leaves and grilled minced pork skewers.

Bun cha is ranked 17th on the list. Originating from Hanoi, this dish consists of grilled pork patties served with fish sauce, along with rice vermicelli and fresh herbs.

International attention towards bun cha soared in 2016 when it was the dish shared by television host Anthony Bourdain and former President Barack Obama on the show “Parts Unknown.”

Bun cha is increasingly known and favored by many foreign tourists. Photo: True Delicious

In early December 2023, Michelin inspectors also released a list of the top 5 must-try dishes for tourists in Vietnam, with bun cha notably featured.

Beef in betel leaves holds the 27th position. Traditionally, this fragrant grilled beef dish is served with vermicelli, rice paper, raw vegetables, and dipping sauce.

Grilled minced pork skewers, known as nem lui, claim the 28th spot. Ground pork is wrapped around lemongrass skewers, brushed with oil, then grilled until golden and fragrant. Typically, nem lui is served with herbs and rice paper, rolled up like spring rolls, and accompanied by a dipping sauce of sweet and sour peanut sauce.

The final Vietnamese dish to make the list is meatball banh mi, ranking 46th. The meatball filling is usually made from minced pork cooked in tomato sauce. When served, the meatballs are stuffed into the baguette, accompanied by sauce, coriander, pickled radish, carrots, and sliced chili.

Adana kebap from Turkey tops the list of the best-minced meat dishes in Asia. It’s made by mixing minced lamb and tail fat with spicy red pepper and grilling on metal skewers.

Following closely are keema from India, a minced meat curry made from minced lamb or goat, and chapli kabab from Pakistan, a spicy meat patty made from minced beef or lamb.

@Vietnamnet

CME Looks to Take On Binance and Coinbase, Could Launch Spot Bitcoin Trading: Report

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The CME is already the top bitcoin futures exchange by open interest, while the offshore, non-regulated Binance dominates the spot market.

Futures powerhouse Chicago Mercantile Exchange (CME) plans to offer spot bitcoin trading to clients as demand for the product mounts among market participants, the Financial Times reported on Thursday.

CME is already the top bitcoin futures exchange by open interest, while offshore, non-regulated Binance dominates the spot market.

The exchange has held discussions with traders who want to trade bitcoin on a regulated marketplace, the FT reported, citing people with direct knowledge of the talks.

CME’s spot trading business could be run through the EBS currency trading venue in Switzerland, the report added.

The exchange did not want to comment on the report.

The spot market will complement the CME’s existing standard and micro futures contracts, which are widely considered a proxy for institutional activity, and help the exchange become more dominant in the crypto market. The CME is already the top bitcoin futures exchange by open interest, while the offshore, non-regulated Binance dominates the spot market. Coinbase (COIN), the only U.S. traded crypto exchange, is No. 3 by daily trading volume.

The availability of the spot market means traders can now set up complex multi-leg strategies involving spot and futures markets in one regulated place. Carry traders are known to short CME futures against long spot market positions on other exchanges or in spot ETFs.

“Crypto exchanges might lose some business with the potential debut of a bitcoin spot market on the CME, a global derivatives giant, as the present bull run is particularly driven by institutions, who prefer to trade on regulated avenues,” Markus Thielen, founder of 10x Research, said.

Proposal to Create Garden Islands in the Saigon River Connecting to Thu Thiem

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The proposal comes from a collaboration between the Association of Vietnamese Scientists and Experts (AVSE Global) and the Paris Regional Planning Institute (L’Institut Paris Region – IPR), as part of their comprehensive Saigon River corridor development study.

The consortium’s research identifies diverse territories and environments along the Saigon River in Ho Chi Minh City, suggesting a division into four subdivisions to leverage each region’s unique characteristics. The proposed floating islands would be part of the 4th subdivision, located in the core area between District 1 and Thu Thiem.

These garden islands are envisioned as “stopover” points, connected by pedestrian bridges that the city plans to build. This concept aims to bridge the 250-meter width of the Saigon River in this area, creating a sense of connectivity similar to well-planned rivers like the Seine in France or Singapore’s rivers.

Additionally, the research team proposes a multifunctional complex with modern buildings in the 4th subdivision, highlighting the development of Ho Chi Minh City. The Khanh Hoi port area in District 4 is earmarked to become a creative cultural cluster with vibrant public spaces.

The Tan Thuan area in District 7 is proposed to be transformed into a center for green technology innovation and sustainable urban development. The confluence of the Saigon River through District 7 and Nha Be is suggested to preserve natural spaces and create scenic landscapes for tourists.

3D image of green garden islands in the middle of the river. (Photo: Consulted by the Association)

The consortium also recommends that these islands be either fixed or floating, positioned near the shore where the current is slow to minimize navigation impacts. The islands could feature entertainment activities such as music bars, coffee shops, floating restaurants, and swimming pools, enhancing the river crossing experience and creating appealing tourist and entertainment spots for the city center.

Ho Chi Minh City is currently updating its general planning for 2040, with a vision extending to 2060, in which the Saigon River is a central element.

Coinbase to Target Australia’s Self-Managed Pension Funds: Bloomberg

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“We are working on an offering to service those clients really well on a one-off basis — to have them trade with us and stay with us,” a Coinbase official said.

Coinbase is developing a service that will specifically target Australia’ self-managed pensions sector, the exchange’s Asia-Pacific Managing Director John O’Loghlen told Bloomberg.

Crypto’s relationship with the pensions sector and retirees isn’t exactly new. Self-managed funds in Australia have increasingly held crypto since March 2019. According to the latest data from the Australian Taxation Office, nearly A$1 billion ($664 million) is allocated to crypto. That’s a steep increase from only $131.5 million (197 million AU) in December 2019. Thousands of Australians who used self-managed pension funds to bet on cryptocurrencies have even lost millions of dollars, Reuters reported in March 2023.

“Self-managed super funds might just make a single allocation, set it and forget it,” O’Loghlen told Bloomberg. We are working on an offering to service those clients really well on a one-off basis—to have them trade with us and stay with us.”

Crypto interest in the self-managed pensions sector may be driven by the recent momentum the crypto sector has gained after spot-ETF approvals in the U.S. and the likelihood that Australia, too, could see similar approvals this year.

“We don’t see this as cannibalizing the ETF players, but more a rising tide and a big enough interest for someone to come in through their own self-managed portal,” said O’Loghlen.

The Triumph of Generosity Over Self-Interest

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In contemporary times, the distinction between charity and philanthropy is often misunderstood. Charity involves direct, immediate aid to those in need, such as providing food or financial help to address urgent societal issues. In contrast, philanthropy is characterized by a long-term, sustainable approach, investing in education and healthcare to foster community development. The question arises: what defines a saint without miracles, and of what is a saint’s halo composed?

During the 1820s, American entrepreneurs began to engage in philanthropy, notably supporting private educational institutions and hospitals. George Peabody (1795–1869), the founder of JPMorgan Chase, is recognized as the pioneer of modern philanthropy. As a financier in Baltimore and London, he initiated the funding of libraries and museums in the United States and housing for the impoverished in London during the 1860s. His philanthropic endeavors set an example for industrial magnates like Andrew Carnegie (1835-1919), John D. Rockefeller Sr. (1839-1937), and Henry Ford (1863-1947).

In 1866, Queen Victoria (1819-1901) sent a letter to Peabody, commending his philanthropic efforts through the Peabody Donation Fund to enhance the living conditions of London’s destitute. The Queen’s letter, a rare acknowledgment, especially for a non-British citizen, conveyed her appreciation and admiration, expressing her wish to personally thank him. This gesture underscored the significance of benevolence and international collaboration in social welfare, setting a benchmark for global philanthropic initiatives.

However, the most sacred legacy of that era emerged from the humble heart of Mother Maria Francesca “Frances Xavier” Cabrini (1850-1917), an Italian-American Catholic nun. She established the Missionary Sisters of the Sacred Heart of Jesus (MSC), a religious order that significantly supported Italian immigrants in America.

Mother Cabrini was born prematurely into a large family in Sant’Angelo Lodigiano, Lombardy, Italy, on July 15, 1850, and faced health challenges from birth. Despite nearly drowning as a child, which led to a lifelong fear of water, she bravely crossed the Atlantic 27 times to fulfill her divine mission.

After the death of her parents in 1870, Cabrini became the headmistress of the House of Providence orphanage in Codogno, where she educated and gathered a small group of women. She took her religious vows in 1877, adopting the name Xavier in honor of Francis Xavier, the co-founder of the Jesuits and patron saint of missionaries. Like Francis Xavier, she aspired to be a missionary in Asia.

From a young age, Cabrini was inspired by missionaries recounting their experiences of spreading the Gospel in the East. Although her poor health and gender led to rejections from existing religious orders, a local bishop recognized her passion and encouraged her to establish her own religious community.

In November 1880, Cabrini and six companions founded the MSC in Lodi, Lombardy. She authored the convent’s Rules and Constitution and served as its superior general until her demise. The sisters cared for orphans and abandoned children, opened day schools for funding, taught sewing classes, and sold elaborate embroidery. Within five years, the institute had established seven homes, a school, and a free kindergarten. Subsequent missions included a boarding school for girls in Milan, among others. Over seven years, Cabrini’s leadership led to the creation of seven institutions, all managed by nuns she trained. Her charitable works eventually drew the attention of Giovanni Scalabrini, the Bishop of Piacenza, and Pope Leo XIII.

In September of 1887, Mother Cabrini sought the Pope’s blessing to start a mission in China. However, he directed her instead to the United States to aid the influx of impoverished Italian immigrants, advising her, “Not to the East but to the West.” Consequently, in 1889, she and six fellow nuns embarked on a journey to America, departing from Codogno by train and reaching Le Havre to board the Bourgogne ship, alongside 1,500 immigrants, destined for New York City.

The sisters endured second-class travel, chronicling the tumultuous voyage marked by relentless seasickness and observing the even harsher conditions of third-class passengers, likening their quarters to “no better than a stable.” Despite their own discomfort, they devoted their time to assisting the less fortunate aboard. The voyage was fraught with icy conditions and perilous storms, lasting 12 days before they arrived in New York to welcoming weather and clear skies, marking the commencement of Mother Cabrini’s mission in the New World.

In the 1890s, the substantial Italian community in New Orleans faced discrimination and hostility, resulting in violence and the murder of several Italians. Mother Cabrini and her nuns were summoned to intervene. They found that yellow fever had orphaned many Italian children, prompting them to establish an orphanage to protect the young ones from the epidemic. They embraced these challenges with genuine altruism.

Mother Cabrini and her six companions began their ministry in New York’s slums, supporting their first orphanage by soliciting donations in the impoverished Little Italy. They set up a modest, underfunded hospital for destitute Italians. Mother Cabrini advocated for the humane treatment and improved living conditions for immigrant orphans, particularly those from Italy in the Five Points area, despite not speaking English. Initially, New York was unprepared for their arrival, and the nuns spent their first night in a squalid room within an Italian ghetto. They soon realized they lacked the necessary funds for sustenance, leading them to seek assistance from Archbishop Michael Corrigan (1839-1902), who initially suggested Mother Cabrini return to Italy. However, moved by her unwavering resolve to stay and assist, he offered his support. The film “Gangs of New York” by Martin Scorsese provides context to the Italian experience in New York, 25 years prior to Mother Cabrini’s arrival. Her mission included educating all immigrants, especially children, and despite relying on modest donations, her resourceful nature helped navigate numerous challenges.

By July 1891, Archbishop Corrigan, acknowledging her contributions, invited her to manage a hospital for Italian immigrants. With assistance from Countess Mary di Cesnola and her daughters, the facility reopened as Columbus Hospital on East 19th Street, later known as Cabrini Medical Center. The hospital served all, regardless of their ability to pay, with doctors offering their services pro bono. Mother Cabrini’s achievements in New York led her to Chicago, which faced similar immigration issues. The city’s burgeoning but impoverished Italian community was in dire need of educational, healthcare, and spiritual support.

Mother Cabrini and her fellow nuns quickly gained recognition for their compassion towards the poor Italian immigrants, providing education, healthcare, and spiritual care across major settlements from New York to the West Coast. The growing demand for their services prompted Italian ecclesiastical leaders to urge Cabrini to broaden her mission across the nation. By 1895, she was active in various American cities and even established a school in Nicaragua. Her dynamic and visionary leadership drew many women to her congregation, significantly expanding its global reach. Over the next 28 years, she tirelessly founded schools, hospitals, orphanages, and novitiates in cities like Chicago, New Orleans, and Los Angeles. Renowned for her business savvy in securing resources and fundraising, Mother Cabrini showed remarkable resilience and was actively involved in construction efforts, inspiring a spirit of perseverance among her followers. In 1909, she became a U.S. citizen, solidifying her impact on American social and philanthropic work.

Throughout her lifetime, Mother Cabrini founded 67 missions in major cities around the world, including Chicago, Philadelphia, and as far as Latin America, Europe, Africa, and Australia. Her work primarily focused on aiding the sick and poor, a precursor to the expansion of governmental social services. Her enduring legacy enabled her followers to realize her dream of establishing a mission in China by 1926, nine years posthumously. In 1928, Cardinal George Mundelein recognized two miracles attributed to her, leading to her beatification by Pope Pius XI in 1938. She was canonized in 1946 by Pope Pius XII, becoming the first American citizen to achieve sainthood. In 1950, in homage to her unwavering commitment to immigrants, St. Frances Xavier Cabrini was proclaimed the Universal Patroness.

The philanthropic footprint left by Saint Cabrini illustrates that selflessness can triumph over self-interest, resulting in one of the world’s most expansive and impactful charitable networks, surpassing even the Rockefeller and Carnegie foundations. Her hands-on, compassionate approach to aiding immigrants and the underprivileged showcased an empathy unmatched by mere policy-driven initiatives. Mother Cabrini’s work met the immediate needs of those she served, proving that the true measure of philanthropy lies in its deep and lasting humanitarian impact. Her “empire of altruism” stands as a powerful symbol of the impact that devoted, selfless service can have within the sphere of global philanthropy. The sacred heart is akin to angelic wings, and the halo that adorns the humble saint shines brightly.

Sourcing Furniture in Vietnam: Your Behind-the-Scenes Guide

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The allure of Vietnamese furniture is undeniable – from the intricate hand-carved details to the elegant designs that blend tradition with modernity. But how do you navigate the world of sourcing furniture from this Southeast Asian powerhouse?

Join us as we take you behind the scenes of the TV France 5 documentary, revealing the secrets of finding the perfect furniture pieces in Vietnam’s thriving industry.

>> Related article : TV Documentary about Vietnam Products

Why Vietnam? Unveiling the Advantages

Vietnam has rapidly emerged as a global leader in furniture manufacturing, and for good reason. Here’s what sets Vietnam apart as a prime destination for furniture sourcing:

Skilled Artisans: Vietnamese craftsmanship boasts a rich heritage, with generations of artisans passing down their skills and techniques. This dedication to craftsmanship ensures meticulous attention to detail and exceptional quality in every piece of furniture produced.
Cost-Effectiveness: Compared to other manufacturing hubs, Vietnam offers competitive pricing for high-quality furniture. Lower labor costs and efficient production processes contribute to cost savings without compromising on the final product’s excellence.
Diverse Styles: Vietnam’s furniture industry caters to a wide range of tastes and preferences. Whether you’re seeking traditional Vietnamese designs, modern minimalist aesthetics, or custom-made creations, Vietnam has something to offer everyone.
Sustainability: In recent years, Vietnamese manufacturers have embraced sustainability, incorporating eco-friendly materials and practices into their production processes. This commitment to responsible manufacturing aligns with the growing global demand for sustainable products.

>> Related article : How do I find the best Vietnam buying offices for SMEs?

Behind the Scenes: A Documentary Journey Through Vietnam’s Furniture Factories

The TV France 5 documentary provided a rare glimpse into the inner workings of three distinct Vietnamese furniture factories:

Rattan Outdoor furniture: Mastering Outdoor Elegance: This factory specializes in rattan and poly-rattan weaving, producing exquisite outdoor furniture and decorative items on a large scale. They have supplied some of Europe’s biggest retailers and showcase the latest trends in sustainable outdoor design.
Indoor furniture: Crafting Indoor Comfort: This factory focuses on crafting high-quality indoor furniture at affordable prices. They offer flexibility for smaller orders and custom designs, catering to a diverse clientele. The documentary captured a client’s exciting experience receiving a mock-up of their new product line.
Handmade and high-skilled craving: The Art of Hand-Carving: This renowned factory is celebrated for its exquisite hand-carved furniture, blending modern designs with traditional craftsmanship. The documentary showcased the intricate process of hand-carving, from selecting the wood to the final finishing touches.

The documentary also shed light on the challenges faced during the sourcing process, such as scheduling conflicts, language barriers, and the importance of building relationships with factory owners.

The insider’s expertise proved invaluable in navigating these complexities, ensuring a successful and insightful journey for the viewers.

>> Related article : The Best of ‘Made in Vietnam’ products for Sourcing

Your Guide to Sourcing Furniture in Vietnam

Ready to embark on your own furniture sourcing adventure in Vietnam? Here are essential tips based on the documentary’s insights and sourcing agents expertise:

Thorough Research: Invest time in researching the Vietnamese furniture market. Explore different regions and their specialties, identify potential suppliers, and understand the industry’s nuances.
Due Diligence: Before committing to a supplier, conduct thorough due diligence. This may involve factory visits, reference checks, and a review of their quality control processes.
Build Relationships: Establish strong relationships with factory owners and their teams. Clear communication and mutual understanding are crucial for a successful partnership.
Quality Control: Implement a rigorous quality control process to ensure that the furniture meets your specifications and standards. Consider working with a third-party inspection agency for added assurance.
Logistics Planning: Plan your logistics and shipping well in advance. Factor in lead times, potential delays, and customs regulations to ensure a smooth delivery process.

Partnering with a sourcing agencies can be immensely beneficial, especially for businesses new to the Vietnamese market. They can provide expert guidance, negotiate on your behalf, and handle the complexities of the sourcing process.

The TV France 5 documentary offers a captivating glimpse into the artistry and complexities of sourcing furniture in Vietnam. It highlights the country’s unique advantages, the dedication of its artisans, and the challenges and rewards of navigating the industry.

>> Related article : How do I find the best sourcing agents in Vietnam?

If you’re intrigued by the prospect of sourcing high-quality, beautifully crafted furniture from Vietnam, consider watching the full documentary and exploring the resources available in Vietnam. Whether you’re an established business or a budding entrepreneur, valuable insights and guidance can be found online to help you establish a promising path to successful furniture sourcing in Vietnam.

Nền Tảng Giao Dịch Tài Sản Số 4E Four E Tổ Chức Sự Kiện “Fine-tune Your Fortune” – Kiến Tạo Tương Lai Tài Chính Vững Chắc

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[Thành Phố Hồ Chí Minh] – [Ngày 13 tháng 5 năm 2024] – Nền Tảng Giao Dịch Tài Sản Số 4E Four E, nền tảng giao dịch tài sản kỹ thuật số hàng đầu trên thế giới, hân hạnh thông báo tổ chức sự kiện “Fine-tune Your Fortune” vào ngày 19 tháng 5 năm 2024 tại Tòa nhà Landmark 81, biểu tượng của trung tâm tài chính kinh tế tại Thành phố Hồ Chí Minh, Việt Nam. Sự kiện mang tầm vóc quốc tế này được Nền tảng giao dịch 4E đồng tổ chức cùng nhiều đối tác uy tín trong khu vực và trên thế giới, dự kiến sự kiện thu hút hơn 500 người tham dự, bao gồm các nhà phát triển, doanh nhân, nhà đầu tư, các KOL và người hâm mộ

Nâng Tầm Tài Chính Và Khám Phá Thế Giới Công Nghệ Blockchain

Hội thảo “Fine-tune Your Fortune” là một cơ hội quý báu cho phép người tham dự tìm hiểu về tương lai của mô hình hợp tác kinh doanh toàn cầu, xây dựng chiến lược tài chính thông minh và nâng tầm tài vận. Sự kiện cung cấp một bức tranh toàn cảnh về ngành công nghệ blockchain và thị trường tài sản kỹ thuật số, khám phá tiềm năng đổi mới, cơ hội sáng tạo, cách xây dựng ý tưởng và khởi nghiệp, cũng như những khó khăn và thách thức hiện hữu trong lĩnh vực này.

Giải Mã Tương Lai Hợp Tác Kinh Doanh Toàn Cầu

Sự kiện có sự góp mặt của nhiều chuyên gia trong ngành chia sẻ về đề tài “Tương Lai Hợp Tác Kinh Doanh Toàn Cầu,” các chuyên gia sẽ cùng nhau thảo luận về cách thức blockchain đang cách mạng hóa các mối quan hệ hợp tác xuyên biên giới và thúc đẩy tăng trưởng kinh tế toàn cầu. Người tham dự sẽ có được những thông tin cập nhật thị trường quý giá cũng như tối ưu hóa bản chất phi tập trung và minh bạch của blockchain để thúc đẩy niềm tin, sự hợp tác và giá trị chung.

Bên cạnh đó Huyền Thoại Bóng Đá Juan Sebastián Verón – Tuyển thủ của Đội tuyển quốc gia Argentina cũng sẽ đồng hành cùng sự kiện. Nền tảng giao dịch số 4E vinh dự chào đón huyền thoại bóng đá Juan Sebastián Verón đến với sự kiện với tư cách khách mời đặc biệt. Qua đó cầu thủ Verón sẽ giao lưu với người tham dự, chia sẻ kinh nghiệm và quan điểm của mình về sự giao thoa giữa thể thao và công nghệ. Đây là cơ hội độc đáo để người tham dự kết nối với một biểu tượng bóng đá đẳng cấp quốc tế và có được những góc nhìn về cách thức tận dụng công nghệ để đạt được thành công.

“Fine-tune your fortune” sẽ mang đến nhiều cơ hội để người tham dự có thể kết nối giao lưu hợp tác, trao đổi, phát triển tiềm năng, mở rộng sức ảnh hưởng từ đó thúc mở rộng mạng lưới toàn cầu. Tại sự kiện đội ngũ chuyên gia giàu kinh nghiệm của 4E cũng sẽ hướng dẫn và tư vấn cho các cá nhân quan tâm về nền tảng giao dịch 4E. Người tham dự sẽ có cơ hội tham gia tương tác, đặt câu hỏi và nhận lời khuyên được thiết kế riêng biệt nhằm nâng cao kỹ năng và kiến thức giao dịch cho các nhà đầu tư đồng thời giúp họ đưa ra quyết định tài chính sáng suốt và góp phần định hình tương lai của ngành tài chính.

Đăng Ký Tham Dự và Chi Tiết Sự Kiện

Để đăng ký tham dự sự kiện đặc biệt “Fine-tune Your Fortune” và tìm hiểu thêm về chương trình, vui lòng truy cập trang web chính thức của 4E Four E : Sàn giao dịch tài sản tài chính hàng đầu thế giới ｜ 4E

Về Nền Tảng Giao Dịch Tài Sản Số 4E Four E

Nền Tảng Giao Dịch Tài Sản Số 4E Four E là nền tảng giao dịch phái sinh tài chính hàng đầu thế giới, cung cấp các sản phẩm và dịch vụ tài chính đa dạng. Với kinh nghiệm phong phú trong ngành tài chính và công nghệ tiên tiến, 4E Four E cung cấp cho người dùng các giải pháp toàn diện về tài sản kỹ thuật số và tài chính công nghệ. 4E Four E hướng tới mục tiêu tạo ra một công ty dẫn đầu toàn cầu về công nghệ và tài chính; không chỉ hỗ trợ đời sống tiêu dùng, đầu tư, học tập và đổi mới trở nên thuận tiện hơn mà còn tích hợp thêm AI để tạo ra một hệ sinh thái công nghệ tài chính xuyên thời đại cho toàn nhân loại.

Top 5 thị trường nền Đầu Tư Tại Việt Nam 2024: Đâu là lĩnh vực phù hợp dành cho nhà đầu tư mới

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Trong bối cảnh hiện tại, lĩnh vực đầu tư tại Việt Nam là một trong những hoạt động kinh doanh hấp dẫn. Với sự phát triển kinh tế ổn định và môi trường đầu tư thân thiện, là điểm đến lý tưởng cho các nhà đầu tư muốn tối ưu hóa cơ hội sinh lời. Tuy nhiên, một hoạt động kinh doanh tiềm năng luôn đi kèm những rủi ro nhất định nếu không có kiến thức, kinh nghiệm phù hợp. Hôm nay chúng tôi sẽ giới thiệu cho các bạn 5 thị trường đầu tư nhất trong năm 2024. Hãy đọc và đánh giá thị trường nào phù hợp với mình nhé.

Các Thị trường đầu tư phổ biến tại Việt Nam: Tiềm năng của thị trường đầu tư tiền điện tử tại Việt Nam

Đầu Tư Vàng

Trong thị trường đầu tư tại Việt Nam, việc mua vàng từ lâu đã là một thói quen cũng như quan niệm của người dân. Vàng có thể được sử dụng như các loại trang sức và đồng thời cũng là một loại tài sản có giá trị cao. Việc giá vàng liên tục lập đỉnh trong thời gian gần đây khiến thị trường vàng tại Việt Nam đang khá sôi nổi.

Về khía cạnh tài chính, việc đầu tư vào vàng thường đi theo chiến lược dài hạn, nhằm bảo đảm giá trị của tài sản trong trường hợp thị trường trong giai đoạn lạm phát. Vốn đầu tư vàng cũng khá nhỏ, chỉ từ 3 đến 5 triệu đồng bạn đã có thể tích lũy các loại vàng.

Hiện nay trên thị trường đầu tư vàng, các nhà đầu tư có thể mua vàng thông qua các sản phẩm như vàng nhẫn, vàng miếng, vàng tiền tệ, vàng ETF (quỹ giao dịch chứng khoán vàng).

Đầu Tư Gửi Tiết Kiệm

Hình thức đầu tư gửi tiền tiết kiệm là việc bạn gửi tài sản là tiền, giấy tờ có giá tại ngân hàng hoặc các tổ chức tín dụng để nhận phần lãi suất cố định. Lãi suất này có thể được tính hàng tháng hoặc hàng năm và được xác định trước khi bạn đưa tiền vào tài khoản tiết kiệm.

Về lý thuyết, việc đầu tư gửi tiết kiệm là hình thức đầu tư sinh lời được bảo đảm, an toàn và liên tục. Với lãi suất ổn định và an toàn, các khoản tiết kiệm tại các ngân hàng đều mang lại lợi ích dài hạn cho nhà đầu tư. Nhược điểm duy nhất của loại hình đầu tư này tại Việt Nam là lợi nhuận từ việc đầu tư chưa cao so với các loại hình đầu tư khác.

Trên thực tế, việc gửi tiết kiệm không hẳn là một hình thức đầu tư mà giống như một biện pháp gửi tiền bảo đảm hơn. Việc đưa ra lãi suất ưu đãi từ ngân hàng cũng là một hình thức huy động vốn. Dù vậy, đây vẫn là kênh đầu tư được yêu thích tại Việt Nam.

Đầu Tư Bất Động Sản

Bất động sản luôn là lựa chọn hàng đầu cho các nhà đầu tư, với sự phát triển của các đô thị lớn như Hà Nội, TP.HCM và Đà Nẵng, việc đầu tư vào bất động sản đem lại tiềm năng sinh lời lớn. Bên cạnh đó, bất động sản còn mang lại nhiều giá trị sinh lời khác như cho thuê, bán lại hoặc thế chấp để vay vốn. Lợi nhuận từ đầu tư bất động sản có thể đến từ việc giá trị của tài sản tăng lên trong tương lai, hoặc từ việc cho thuê hoặc bán tài sản với giá cao hơn giá mua vào.

Về thị trường Việt Nam, sau cơn sốt “Đất vàng, đất bạc” của thị trường bất động sản vào năm 2021. Thị trường đang dần trải qua thời kỳ đóng băng và xuất hiện những dấu hiệu phục hồi tích cực.

Tuy nhiên khi đầu tư vào thị trường bất động sản, nhà đầu tư phải luôn chú ý đến sự thay đổi của thị trường nhà đất và góc độ pháp lý bên cạnh. Ngoài ra, đầu tư bất động sản cũng là lĩnh vực những nhà đầu tư mới, có số vốn ít khó tiếp cận được.

Dù vậy, thị trường bất động sản vẫn làm một kênh đầu tư chất lượng và mang lại lợi nhuận hàng đầu. Rất nhiều doanh nhân, thương nhân Việt Nam tích lũy được tài sản thông qua việc đầu tư vào thị trường bất động sản.

Đầu tư chứng khoán

Không giống như các các loại hình đầu tư khác, người mua sẽ mua các loại tài sản có giá và biến chúng thành lợi nhuận.Đầu tư chứng khoán lại là hình thức đầu tư vào các doanh nghiệp thông qua việc mua bán các loại chứng khoán trên thị trường. Những loại chứng khoán này bao gồm cổ phiếu, trái phiếu, quỹ đầu tư, chứng chỉ quỹ,…

Theo đó, các nhà đầu tư sẽ có cơ hội nhận được 2 nguồn lợi nhuận thông qua việc được trả cổ tức khi công ty có lãi hoặc tiến hành giao dịch trên thị trường và nhận phần chênh lệch.

Đây là thị trường năng động, với nhiều tiềm và khả năng tăng trưởng lợi nhuận cao. Nhưng cũng là nơi tiềm ẩn những rủi ro về tài chính, xu hướng người mua, biến động thị trường. Thị trường chứng khoán Việt Nam đặc trưng với nhóm ngành chu kỳ, trong đó đại diện là ngân hàng và bất động sản chiếm tỷ trọng cao. Đây là hai nhóm ngành có tính chu kỳ mạnh và tiềm ẩn nhiều rủi ro khi kinh tế tăng trưởng kém hay suy thoái.

Do đó, trong bối cảnh nhiều rủi ro như hiện nay, các nhóm ngành này thường giảm sâu và ở vùng định giá thấp,

Đầu Tư Tiền Điện Tử

Tại Việt Nam, tiền điện tử còn được biết đến với nhiều tên gọi như tiền ảo, tiền mã hóa, tiền kỹ thuật số hay tiền mật mã,… Với sự phát triển của công nghệ blockchain và sự chấp nhận ngày càng tăng của tiền điện tử, đầu tư vào tiền điện tử mang lại cơ hội sinh lời cao.

Tiền điện tử là loại hình đầu tư mới nhưng tiềm năng và giá trị của thị trường này đã khiến đây là một môi trường thích hợp để tìm kiếm lợi nhuận. Đối với nhà đầu tư mới, việc không lường được các rủi ro khôn lường dẫn đến nguy cơ phá sản tương đối thường gặp. Lời khuyên cho những nhà đầu tư này là khi tham gia thị trường này là luôn nghiên cứu, tìm hiểu cách thức hoạt động của thị trường, các nền tảng giao dịch phổ biến tại Việt Nam. Bên cạnh đó, việc tham khảo những nền tảng giao dịch tiền ảo hàng đầu như Coinmarketcap hay NovaX sẽ giúp nhà đầu tư hoạch định cho mình một chiến lược đầu tư phù hợp.

Kết Luận

Việt Nam cung cấp nhiều cơ hội đầu tư đa dạng cho các nhà đầu tư. Từ vàng, gửi tiết kiệm, bất động sản đến tiền điện tử, mỗi cách đầu tư đều có những lợi ích và rủi ro riêng. Việc lựa chọn phương thức đầu tư phù hợp với mục tiêu và tình hình tài chính của bạn là chìa khóa để đạt được thành công trong thị trường đầu tư tại Việt Nam.

U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K

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In a year of mostly bad news on inflation, the government’s Wednesday report gave some hope that Fed rate cuts might still be on the table.

The monthly pace of inflation in the U.S. eased a hair in April, according to the government’s Consumer Price Index (CPI), rising 0.3% versus 0.4% in March and economist forecasts for 0.4%.

The rest of the report also showed small declines that were inline with expectations. On a year-over-year basis, CPI was higher by 3.4% versus estimates for 3.4% and 3.5% in March. Core CPI – which excludes food and energy costs – rose 0.3% in April against estimates for 0.3% and 0.4% in March; on a year-over-year basis, core CPI was higher by 3.6% versus forecasts for 3.6% and March’s 3.8%.

The price of bitcoin (BTC) jumped more than 1% in the minutes following the Wednesday morning report, rising to $63,700. With the spot ETF catalyst sidelined for the past few weeks as inflows have slowed or even reversed, bitcoin’s price has been under pressure on the idea that interest rates were going to stay higher for longer.

The consistent slide in inflation in 2023 had most, including the U.S. Federal Reserve, coming into 2024 expecting appreciably easier monetary policy throughout the year. Instead, inflation has actual risen a bit thus far this year. Along with an economy that continues to grow, it’s put the kibosh on the thought of any imminent central bank rate cuts. Coming into Wednesday’s CPI report, the odds of a summer rate cut by the Fed were low and traders had priced in just a 50% chance of move in September, according to the CME FedWatch Tool.

Coming at the same time as the inflation numbers was retail sales data for April showing a flat reading versus forecasts for a rise of 0.4% and March’s 0.6%. Retail sales ex-autos rose 0.2 in April, in line with expectations, but down from 0.9% in March.

A check of traditional markets finds a positive reaction to the soft inflation and economic data, with S&P 500 futures rising 0.5% and the 10-year Treasury yield sliding seven basis points to 4.37%. The U.S. dollar index has dropped 0.5% and gold has added 0.7%.