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

Advertisements

“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

Advertisements

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

Advertisements

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:

  1. 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.
  2. 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.
  3. Build Relationships: Establish strong relationships with factory owners and their teams. Clear communication and mutual understanding are crucial for a successful partnership.
  4. 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.
  5. 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

Advertisements

[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

Advertisements

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

Advertisements

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%.

Can Tommy Pham Bring Success to the White Sox This Season?

Advertisements

Although the White Sox aren’t exactly a powerhouse, they do have some elite talent on their roster. 

An honorable mention goes to Luis Robert Jr., who, unfortunately, is hurt and missing. The White Sox haven’t been able to get by without him. However, at least Andrew Benintendi is stepping up his game, and it seems like Eloy Jimenez is feeling a bit more motivated lately. Still, nobody matches the hype of the Sox’s new arrival.

Despite his limited appearances, one player has managed to capture the attention of the team and the fans alike… Tommy Pham

Since his arrival, Pham has injected new energy into the White Sox, a team that has been lacking in that department. His contributions may not have led to a significant increase in wins, but they have certainly made the team look better, and he’s only just getting started.

During his time away from baseball, waiting for the Sox—or any team, for that matter—to call and sign him, Pham was not idle. He was honing his skills, preparing for the moment he would step back onto the field. And that moment came when the White Sox, recognizing his potential, offered him a spot on their roster.

Life Since Pham’s White Sox Debut

Just two weeks ago, outfielder Tommy Pham made his major league return, suiting up for the Chicago White Sox—then the lowest-ranked team in Major League Baseball—ahead of their 9-4 series opener victory against the Tampa Bay Rays.

With the victory, Chicago moved to 4-22, which is still the worst start in team history. It also ended a seven-game slide and gave Pham a solid debut.

In ten seasons with Tampa Bay, San Diego, Cincinnati, and others, Pham batted 259 with 130 home runs and 431 RBI. The potential has always been there; the White Sox just needed to see it.

With the White Sox, Pham has played with eight different major – clubs since making his debut on September 9, 2014. Pham had a resurgence in 2023 with the Mets after a dismal 2022 with the Red Sox. Then, right before the trade deadline, he was moved to the Diamondbacks. By season’s end, he was a free agent and inked a minor league deal with the White Sox.

The 36-year-old has batted in each of his first ten games this year for 282/.317/.487, 2 home runs, and 5 RBIs. His stats continue to rise with each game, and he’s already assisted the White Sox in no longer being the worst-ranked team in the MLB and the most faded squad at popular MLB betting sites online

In fact, with Pham in the lineup, noticeable line movements at the sportsbooks have occurred as he continues to deliver impressive performances for the struggling Chicago team. 

Considering how little time he’s been available, that’s quite good. One positive aspect of Pham is that he has much room to grow and will likely contribute to the White Sox’s future success.

The presence of Pham in the starting lineup motivates the other players to step up their game. Check out some of the guys who are doing better than before. Jimenez and Benintendi, who were mentioned before, are doing better. Catcher Korey Lee has been making progress. All it takes for the White Sox to start winning more games is for everyone to step up their game, and that’s happening right before our eyes. 

Tommy Pham: The Catalyst for Better Results

Pham has the potential to improve this club’s overall performance. Occasionally, a little spark or a small dose of inspiration is sufficient to initiate action or motivate individuals, and Pham has the ability to provide this. He will ultimately become one of the team’s most crucial resources.

There is an additional aspect to this that some individuals may not be considering. Pham may soon be seen as a potential trade candidate. Given the occasional interest from other clubs, it is possible that he might be a suitable trade option for the White Sox. Alternatively, they may choose to retain him and permit him to sustain his exceptional performance at the plate.

Pham should sustain his high level of performance for the White Sox and provide them with the necessary contributions, at the very least until the return of Luis Robert Jr. Moving forward, it will be intriguing to observe the decisions made by the Sox when he returns. However, it would be prudent for them to retain him and continue enhancing their roster, maybe with a long-term perspective extending beyond 2024. 

Another White Sox Win

Erick Fedde pitched six innings without allowing any runs, Tommy Pham recorded two singles and an RBI, and the Chicago White Sox maintained their lead to defeat the Cleveland Guardians 3-2 on Thursday night.

Chicago secured its second consecutive victory and its fourth win in six games, bringing its overall record to 10-28. The White Sox have surpassed the Colorado Rockies, who now have a 9-28 record and no longer hold the lowest record in the big leagues.

Pham smacked a double and has a hitting average of .313 in 12 games since he joined the White Sox. So, to answer the question: “Will Tommy Pham bring success to the White Sox,” I think the statistics speak for themselves.  

Perhaps ‘success’ is a strong word. Still, Pham and the slowly growing confidence of his teammates can undoubtedly help Chicago forget their horrific season start as the rebuild at Guaranteed Rate Field continues. 

The Best Budget-Friendly Businesses To Start

Advertisements

Are you looking to start a business but don’t have a lot of money to invest? Don’t worry, there are plenty of budget-friendly business ideas out there that can help you get started without breaking the bank. In this blog post, we will explore some of the best businesses to start on a budget.

  • Tutoring Businesses

Launching a tutoring business presents an excellent opportunity for those seeking to enter the entrepreneurial world on a shoestring budget. This venture primarily relies on the strength of your knowledge and the ability to convey it effectively to learners. If you’re well-versed in a specific subject, be it mathematics, science, languages, or any other academic area, your expertise can become the foundation of a thriving, low-cost business.

Beginning locally, you might initially offer your tutoring services to acquaintances and community members, gradually building a reputation for quality and reliability. Utilising digital platforms can significantly expand your reach, enabling you to connect with students not just in your immediate area but possibly worldwide. Online tutoring has surged in popularity, allowing tutors to deliver sessions via video conferencing tools, which minimises overheads and eliminates geographical constraints. Also If you don’t want to begin from scratch you can even purchase existing tutoring businesses for sale on a low budget in your local area to have a pre-established customer base from launch day.

Setting up doesn’t require much beyond a reliable internet connection, a computer, and suitable educational materials, which are often readily available online or can be created with a personal touch. Social media and educational forums also offer fertile ground for marketing your services at minimal to no cost. Through consistent quality and word-of-mouth, your tutoring business can grow, underpinned by the satisfaction and success of your students.

Embracing a tutoring business on a budget not only capitalises on your existing knowledge and skills but also offers the flexibility to work around personal commitments, making it an ideal venture for aspiring entrepreneurs from all walks of life.

  • E-Commerce Businesses

Venturing into the realm of e-commerce offers an accessible pathway for entrepreneurs keen on establishing a business without the hefty financial burden typically associated with traditional retail. Utilising user-friendly platforms such as Shopify and Etsy simplifies the process of creating an engaging online storefront where a variety of products can be showcased and sold. From unique handmade goods to carefully selected drop-shipped items, the possibilities are vast, catering to a wide range of interests and niches.

A distinct advantage of embarking on an e-commerce venture is the ability to leverage social media platforms not only as a marketing tool but also as a means to build and nurture a community around your brand. This approach, which involves minimal to no cost, can significantly amplify your reach and enhance customer engagement. Moreover, the digital nature of e-commerce allows for operational flexibility, enabling business owners to manage their online store from virtually anywhere, provided there is internet connectivity.

Critical to the success of an e-commerce business is the focus on curating a high-quality product offering alongside exceptional customer service. This strategy, coupled with the effective use of SEO practices, can drive traffic to your store and increase conversion rates. Offering promotions and utilising email marketing campaigns can further bolster your business’s online presence, encouraging repeat customers and fostering loyalty.

There are many benefits to starting an ecommerce business. It is a testament to the power of the digital age, offering budding entrepreneurs a platform to showcase their products to a global audience while managing costs effectively.

  • Vending Businesses

Embarking on a vending machine business offers a practical route for individuals eager to enter the entrepreneurial arena with minimal financial outlay. This venture involves acquiring one or more vending machines and filling them with a selection of products, such as snacks, beverages, or even small electronics, to sell in locations with a high footfall. The initial step includes sourcing a cost-effective vending machine, either new or second-hand, and identifying lucrative spots that attract a steady stream of potential customers—places like university campuses, hospitals, and leisure centres are prime examples.

The beauty of a vending business lies in its simplicity and scalability. Once you’ve established the first machine and understand the dynamics of supply and demand in your chosen location, scaling up involves merely replicating the successful model across additional sites. Operational costs remain relatively low, as vending machines require minimal maintenance and can be restocked as needed based on sales data.

Moreover, technological advancements have enhanced the appeal and efficiency of vending businesses. Modern machines offer cashless payment options, making transactions seamless for consumers and broadening the potential customer base to include those who may not carry cash. Remote monitoring systems allow business owners to track stock levels and sales in real-time, optimising restocking trips and reducing downtime.

The potential for customisation and adaptation to market trends makes a vending business an attractive option. With careful product selection and strategic placement, entrepreneurs can tap into niche markets or cater to specific consumer needs, driving profitability even with modest initial investment.

Conclusion

Vending, tutoring, and e-commerce all offer budget-friendly avenues to business ownership. Vending requires minimal startup costs and caters to convenient, impulse purchases. Tutoring capitalises on existing knowledge and skills, with flexible hours. E-commerce leverages online marketplaces, minimising overhead costs. All three offer scalability, allowing you to adapt to growth while keeping costs manageable. With creativity and dedication, these budget-friendly options can pave the way to entrepreneurial success.

Vietnamese instant coffee becomes a hit among Korean tourists

Advertisements

Vietnam is a popular travel destination for Koreans due to its low costs, unique cuisine, and distinctive services. Among the popular beverages for Korean tourists, Vietnamese instant coffee stands out as an essential purchase.

According to the business magazine Maeil, Vietnamese instant coffee brands are gaining significant popularity in Korea. This trend is primarily driven by word of mouth rather than extensive advertising, highlighting the coffee’s exceptional quality.

Vietnamese coffee is known for its rich, delicious flavor with a slight acidity. Koreans often refer to it as “economical coffee,” but its reputation stems from its quality and ability to maintain alertness.

A box of instant coffee in Vietnam is very affordable, ranging from about 35,000 to 80,000 VND. Despite the low price, the coffee retains its rich flavor thanks to advanced processing techniques.

Koreans, who are avid coffee drinkers, particularly enjoy iced Americano and latte. Vietnamese instant coffee has impressed many Korean tourists with its distinct taste.

Vietnamese coffee brands have started distributing and promoting their products in Korea. However, the price is significantly higher than in Vietnam, with a box costing about 15,000 won (approximately 270,000 VND) on Korean e-commerce platforms. As a result, Korean tourists often buy coffee directly in Vietnam to enjoy cheaper prices.

Korean blogger Kim Mong notes that besides instant coffee, tourists also frequently purchase cashew nuts and dried mangoes as gifts. YouTuber Jeong Eun suggests buying instant coffee, coffee beans, dried jackfruit, and instant pho as ideal Vietnamese gifts. She highlights that Vietnamese black coffee and instant milk coffee are notably rich and sweet, unlike packet coffee in Korea.

According to the Korea Tourism Organization, 7.4 million Koreans traveled abroad by March 2024. Statistics from the Vietnam National Tourism Administration show that Korea remains Vietnam’s largest tourist market, with 1.2 million visitors as of April 2024, accounting for 26.6% of all tourists.

@dulich.laodong.vn

Bitcoin DeFi Tool Alex Lab Loses $4.3M in Hack, Offers 10% Bounty for Stolen Funds

Advertisements

The ALEX team proposed a 10% bounty on the total stolen funds in exchange for the return of 90% of assets.

Bitcoin DeFi application ALEX Lab was drained of over $4.3 million in various tokens early Wednesday after a suspected private key compromise attacked its bridging service.

Security researchers CertiK said the attackers likely caught hold of a private key that controlled ALEX’s XLink bridge, a service that lets users transfer tokens between different blockchains. The hacker transferred over $300,000 worth of bitcoin (BTC), $3.3 million worth of stablecoins and $75,000 worth of Sugar Kingdom (SKO) tokens.

ALEX developers confirmed the hack in an X post in early European hours, claiming they knew the identity of the attacker. The team offered them a 10% bounty for the return of 90% of the stolen funds.

“ALEX Lab Foundation has identified the individual responsible for the recent security breach and is offering a resolution through a bounty arrangement,” the developers said. “ALEX assures that upon compliance, there will be no further pursuit or law enforcement involvement. This offer stands until May 18 at 0800 UTC.”

Funds associated with the hacker have been frozen by major exchanges to prevent further misuse, the team said.

Private key compromises are among hackers’ most common attack vectors. Some of the biggest crypto hacks, such as Ronin’s $650 million drain in 2022 and Harmony’s $100 million hack in the same year, were the result of poor private key security.

Institutions Still Skeptical of a Near-Term Bitcoin Rally, CME Options Data Show

Advertisements

The higher implied volatility for short-dated puts suggests investors are willing to pay a premium for downside protection, CF Benchmarks said.

While upbeat U.S. inflation data released early this week has restored institutional faith in bitcoin’s (BTC) long-term bullish case, it is yet to alleviate concerns of a near-term price pullback.

The odds of a near-term rally are still scant, according to CF Benchmarks’ analysis of options trading data on the Chicago Mercantile Exchange (CME), a platform widely regarded as a barometer of institutional activity.

According to CF Benchmarks, implied volatility for short-dated out-of-the-money (OTM) put options was higher than implied volatility for OTM calls following Wednesday’s softer-than-expected U.S. CPI release. These options are based on CME’s cash-settled standard bitcoin futures contract, which is sized at 5 BTC.

“The volatility skew, which represents the difference in implied volatility between out-of-the-money (OTM) puts and calls is quite pronounced in the shorter-dated options. The higher implied volatility [demand] for OTM puts compared to calls suggests investors are still cautious about near-term downside risks and are willing to pay a premium for protective puts,” CF Benchmarks said in a note shared with CoinDesk on Thursday.

Put options are derivative contracts that protect the buyer from price drops. A put buyer is implicitly bearish on the market, looking to profit from or hedge against potential price weakness. A call option offers insurance against price rallies. Put options at strikes lower than the going market rate and calls above the spot market price are considered out-of-the-money.

Implied volatility is an estimate of the future volatility of the underlying asset based on options prices. Implied volatility rises as demand for options increases.

CF Benchmarks is the U.K.-regulated provider of digital assets benchmarks like the CF Bitcoin Volatility Index. CF Benchmarks and CME also publish several crypto-related reference rates, including the CME CF Bitcoin Reference Rate and CME CF-Ether Dollar Reference Rate.

The volatility surface – a three-dimensional plot of the implied volatilities of bitcoin options – shows implied volatilities for short- and long-dated bitcoin options with different deltas or degrees of sensitivity to changes in the price of bitcoin. OTM options’ delta ranges from 0.5 to 0.

As can be seen, the post-CPI bias has been for OTM puts expiring in 20 to 40 days. Meanwhile, as we move toward longer-dated options, the skew flips in favor of calls or bullish bets.

“This indicates that investors are growing more optimistic about bitcoin’s longer-term prospects and are willing to pay more to be positioned for potential upside by buying OTM calls,” CF Benchmarks said.

The chart also shows relatively flat implied volatility levels for longer-dated options, a sign of increased institutional participation.

“This could be interpreted as a sign of increasing institutional involvement, as these investors often have a more nuanced view of the market and are less prone to extreme sentiment swings,” CF Benchmarks added.

A similar long-term bullish bias is seen in options trading on the cryptocurrency exchange Deribit, which accounts for over 85% of the global crypto options activity. As of writing, notional open interest or the dollar value of the number of open bitcoin options contracts on Deribit was $15.63 billion. Meanwhile, open interest in CME options was $417 million.

At the time of writing, bitcoin was trading at $65,550, representing a weekly gain of 6.6%, according to CoinDesk data.

Vietnam’s deep-sea ports risk losing competitive edge without upgrades

Advertisements

However, the country risks losing its competitive advantage if it cannot continue to accommodate these large vessels. For example, while it costs about 2,300 USD for a 20-foot container on a 60,000-ton ship to enter the port, the same container on a 200,000-ton ship costs just over 1,000 USD. This nearly 50% reduction in transport costs underscores the economic efficiency of larger ships.

Currently, Vietnamese ports handle more than 33 large ships of 24,000 TEU each month, reducing shipping lines’ average costs by 25-30% and boosting port revenue and operational efficiency. “Goods can go through mother ships straight from Vietnam to Europe and America, setting the stage for Vietnam to become a major transshipment point in the future,” said Mr. Cao Hong Phong, Deputy General Director of Gemalink Cai Mep International Port in Ba Ria – Vung Tau.

Despite these benefits, some seaports face revenue risks due to their inability to accommodate large ships. For instance, even after dredging to a depth of 15.5 meters, the channel from buoy 0 to the Cai Mep – Thi Vai wharf area still requires careful timing with tides to ensure the safe passage of ships over 200,000 tons.

Mr. Lam Pham Hai Diep, Deputy Head of Infrastructure Department at the Vietnam Maritime Administration, highlighted the challenges: “Some channels can’t be maintained annually due to insufficient funding and lack of suitable locations to dump dredged material, which limits the operation of large ships.”

“If we cannot receive large ships, areas like Ho Chi Minh City and Ba Ria Vung Tau will lose business to Singapore, increasing costs,” warned Mr. Pham Anh Tuan, General Director of Portcoast Port Design and Marine Engineering Consulting.

Vietnam has about 30 ship service lines directly connecting to the US and Europe, handling nearly 675 million tons of import and export goods annually. However, without urgent investment in upgrading deep-water port infrastructure to accommodate large and super-large vessels, Vietnam risks missing the opportunity to become an international maritime transshipment center, potentially losing trillions of dong each year in maritime fees.

@vtv.vn

‘CryptoDad’ Giancarlo Joins Paxos Board

Advertisements

J. Christopher Giancarlo, a former chief of the U.S. Commodity Futures Trading Commission, has joined the board of directors for the firm that issues the PayPal stablecoin.

Paxos has added J. Christopher Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission (CFTC) who has been a public advocate for the cryptocurrency sector, to its board of directors, the company told CoinDesk.
Giancarlo joins Paxos as the stablecoin issuer and infrastructure platform has been expanding its array of tokens – including as the issuer of PayPal’s (PYUSD) – as well as reaching beyond Ethereum last year to add the Solana blockchain. On the regulatory front, Paxos Trust is overseen by the New York Department of Financial Services, which last year took issue with the vulnerabilities of its Binance USD (BUSD) to abuse, though that token relationship was severed.
Giancarlo – who’s joining another one-time Washington insider, former Sen. Bill Bradley on the board – wrote the book “CryptoDad: The Fight for the Future of Money” and also started the Digital Dollar Project to explore the possibility of a U.S. central bank digital currency (CBDC).
“He has been at the forefront of advocating for blockchain to improve the infrastructure of our financial system,” Charles Cascarilla, CEO and co-founder of Paxos, said in a statement. “His insights will support us as we expand our position as a leader in regulated digital asset market structure and stablecoin innovation.”
Giancarlo is a lawyer at Willkie Farr & Gallagher and co-chair of its digital works practice. His crypto connections were also referenced when Giancarlo was knighted in 2022 as a French chevalier, with the French ambassador to the U.S. noting the former regulator’s “understanding of financial markets and the potentials of crypto finance.”
“Paxos has established itself as the leader in bridging traditional and digital asset markets by introducing regulated solutions that are safe for institutions and consumers,” Giancarlo said in a statement. “I’m honored to join Paxos’s board and be a part of innovation in the financial sector.”

Philippines’ Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market

Advertisements

Coins.ph plans to integrate the stablecoin into remittance platforms in countries with significant remittance flows to Philippines, one of the world’s largest remittance markets.

Philippines’ central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso-backed stablecoin called PHPC, the company said last week.

The program will come under the BSP’s Regulatory Sandbox Framework and will be backed by Coins.ph’ cash and cash equivalents held in Philippine bank accounts, the announcement said. The pilot will assess the benefits of the stablecoin in “real-world applications while monitoring its impact on the existing financial ecosystem.”

Coins.ph chief executive officer Wei Zhou, who was previously Binance’s Chief Financial Officer, told a press briefing that it got the go-ahead to publicly test the stablecoin in April and plans to make it available on its platform by early June, local reports said.

Zhou said that the performance of the pilot will be monitored, and if certain metrics are hit, they anticipate obtaining full approval, allowing them to “leave the sandbox.”

The Philippines has recently blocked Binance from operating in the nation and said that it would issue a wholesale central bank digital currency (CBDC) within two years while avoiding a retail CBDC. Digital payments firm Strike has also expanded its global money transfer service to the nation, where the $12 billion remittance market is one of the world’s largest.

Coins.ph plans to integrate the stablecoin into remittance platforms in countries with significant remittance flows to Philippines, one report said.

Dragon fruit faces potential import suspension by EU

Advertisements

Ngo Xuan Nam, Deputy Director of the Notification Office and National Inquiry Point for Sanitation, Epidemiology, and Animal and Plant Quarantine in Vietnam (SPS Vietnam), has noted that on average, the office updates about 100 draft or effective notices monthly regarding food safety and animal and plant disease safety measures from WTO members. However, there has been a noticeable increase in the number of notifications drafting such measures recently, indicating a growing emphasis on stringent food safety protocols globally.

To prevent the potential suspension of dragon fruit imports, SPS Vietnam leaders recommend that businesses must stay updated on and adhere to the EU’s food safety regulations. This includes a thorough understanding of and compliance with regulations on microbial control, and maximum residue levels of pesticides, antibiotics, and food additives. Proper compliance is crucial to ensure the safety and quality of the exported fruit and to maintain market access.

Mr. Nam emphasized the importance of exporters and businesses seeking detailed guidance from competent authorities or the Vietnam SPS Office. By doing so, they can ensure they meet the specific food safety requirements for each product, thereby minimizing the risk of their shipments being rejected or flagged by EU inspectors.

While the increased inspection frequency poses a significant challenge, it also underscores the need for Vietnamese exporters to rigorously follow food safety regulations to sustain their market presence in the EU. This proactive approach is essential for preventing potential disruptions in trade and ensuring the continued export of Vietnamese dragon fruits to this important market.

Exit mobile version