Vietnam Ranked in Top 15 Countries Expats Want to Live In

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Vietnam is ranked 14th on the list of the top 53 countries for expatriates, according to a survey conducted by the Internations network.

Recently, based on the survey results by Internations – a global expatriate network with over 4 million members, Vietnam is ranked 14th among the top 53 countries for expatriates. This result is 7 positions lower compared to 2022.

The survey was conducted with 12,000 participants from 171 countries and territories. The top five countries and territories in the 2023 list are Mexico, Spain, Panama, Malaysia, and Taiwan (China). On the other hand, the last five on the list are Germany, South Korea, Turkey, Norway, and Kuwait.

Internations conducted the survey based on 56 factors that influence an expatriate’s life in a foreign country, such as cost of living, quality of living environment, job opportunities, technology, and more.

Rankings surveyed and announced by Internationals

In the ranking, Vietnam received positive evaluations from many expatriates in aspects like “culture and friendliness” (ranked 16th), “making friends” (ranked 11th), and “local friendliness” (ranked 5th). Internations noted that over 82% of expatriates rated Vietnamese people as friendly and hospitable, while this figure globally is around 67%. They feel satisfied with the welcoming atmosphere in Vietnam.

Vietnam is recognized as an affordable place to live. In the “personal finance” index, Vietnam is at the top of the list. This index is based on three factors: satisfaction with financial situation, general cost of living, and whether the income allows for comfortable living. 77% of respondents evaluated the cost of living as favorable, while the global average is 44%.

Vietnam is highly rated in the “safety and security” index in the Asian region. It ranks 34th globally in this index, but in Asia, it is only behind Taiwan (China), UAE, Singapore, Bahrain, Qatar, Oman, South Korea, Japan, and Saudi Arabia.

International tourists highly appreciate the hospitality of Vietnamese people (Photo: Linh Trang)

However, Vietnam is perceived to have poor environmental quality. About 55% of expatriates living in Vietnam find the air quality uncomfortable, which is three times higher than the global average. Moreover, expatriates also express dissatisfaction with online administrative services and non-cash payments in Vietnam. They face difficulties in obtaining visas to move to Vietnam for living. The Vietnamese language is also a barrier for expatriates. “In reality, no expatriate living in Vietnam claims to be able to speak this language well, while this index globally is 34%,” the report states.

In Internations’ report, Mexico tops the list, and this marks its ninth year in the top 5. This country is highly rated in the “ease of settling in” and “local friendliness” indices. 75% of expatriates participating in the survey stated that they easily make friends with locals, compared to a global average of 43%.

@Vietnamnet

Two Vietnamese beaches among top 10 world-famous beaches on social media

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The list of the top 10 most famous beaches in the world on Instagram and TikTok has just been revealed, including two beaches in Vietnam.

Australia’s specialized travel newspaper Escape has announced a list of the most famous beaches in the world on TikTok and Instagram. The list was compiled by the global luggage storage company Bounce, based in the United States. This company aggregated the world’s most famous beaches through social media by analyzing the number of posts on Instagram and TikTok.

The famous beaches on the list are located in various places around the world, from Myrtle Beach in South Carolina and Bondi Beach in Sydney to Brighton Beach in the United Kingdom.

In the top 10 most famous beaches on Instagram, there are four Australian beaches. Leading the list are two Sydney beaches: Bondi and Manly; followed by Kelingking Beach and Dawan Beach in Indonesia; Ipanema Beach in Rio de Janeiro, Brazil; Airlie Beach in Bowen, Australia; Bavaro Beach in Santo Domingo, Dominican Republic; Nissi Beach in Ayia Napa, Cyprus; Whitehaven Beach in Queensland, Australia; Pattaya Beach, Thailand; and finally JBR Beach in Jumeirah, UAE.

Vung Tau Beach

Interestingly, the list of the most famous beaches on TikTok is different, with Vietnam having two representatives in the top 5.

Ranked in 1st place is Bondi Beach (Sydney, Australia), TikTok views: 660.3 million. This is the most famous beach in Australia, attracting many people for surfing, dolphin watching, and more. Additionally, for many years, this beach has been associated with the iconic TV show “Bondi Rescue.”

The 2nd place belongs to Pattaya Beach, Bangkok, Thailand, TikTok views: 345.1 million. Thailand is a dream travel destination for many TikTok users, and Pattaya Beach is one of the most beloved beaches on this social media platform. TikTok videos showcase upscale seafood restaurants, budget hotels, and serene ocean views.

Nha Trang beach

Vung Tau Beach, Vietnam, with TikTok views of 238.1 million, secures the 3rd position. The newspaper asserts that Vung Tau Beach is one of Vietnam’s most famous beaches in the world, with its natural beauty and stunning white sand.

In 4th place is Nha Trang Beach; the remaining top 10 includes Kelingking Beach, Dawan, Indonesia; JBR Beach, Jumeirah, UAE; Airlie Beach, Whitehaven Beach, and Manly Beach in Australia; and Playa Paraiso Beach, Tulum, Mexico.

@Thanhnien.vn

Japan will provide security assistance to Vietnam in fiscal year 2024

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The Japanese Foreign Ministry plans to deliver security assistance worth $34.1 million to six like-minded nations, including Vietnam, in fiscal year 2024, according to the Asahi newspaper on August 28.

As a result, Japanese diplomats are contemplating adding Vietnam, the Philippines, Indonesia, Papua New Guinea, Mongolia, and Djibouti to the list of nations receiving security aid in the fiscal year 2024. These are the nations that Japan regards as crucial geopolitical partners.

Japan is expected to offer security assistance to nations such as the Philippines, Malaysia, Bangladesh, and Fiji in fiscal year 2023. The initial government budget included more than 2 billion yen (about 13.6 million USD).

The security assistance in fiscal year 2024 was announced in the form of official security assistance (OSA), with the goal of assisting countries that share diplomatic and other goals with Japan in increasing their territorial surveillance and warning capabilities, as well as in areas such as counter-terrorism and piracy.

Defense equipment such as communications satellite systems, radar equipment, and patrol boats will be included, as well as other types of assistance such as port building for both civilian and military purposes.

According to the Asahi newspaper, Tsutomu Kikuchi, an international politics specialist and emeritus professor at Aoyama Gakuin University, claimed that a “power counterbalance” is required for Japan to coexist with China rather than antagonize it.

“Official Security Assistance (OSA) will be the impetus for China to exercise restraint, thereby leading to peace and security in the region,” Kikuchi added.

@asahi.com

Routes to Dalat during September 2nd holiday as passes undergo repairs

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On the occasion of September 2nd this year, the Prenn Pass is still closed for construction, upgrading, and expansion. So, how will tourists travel to and from Da Lat City (Lam Dong)?

On the afternoon of August 28th, Mr. Nguyen Ngoc Phuc, Vice Chairman of the People’s Committee of Lam Dong Province, signed a document sent to the Provincial Police and relevant departments and localities regarding the traffic organization plan for the Bao Loc Pass and the Mimosa Pass during the September 2nd holiday.

On the occasion of the 2.9 holiday, Mimosa Pass (currently under repair) is still one of the main roads in and out of Da Lat City.

Accordingly, from 6:00 AM on September 1st to 8:00 PM on September 4th, trucks with a total weight of over 20 tons will be prohibited from traveling on the Mimosa Pass. During this period, these vehicles will enter and exit Da Lat City via the route QL 27 – DT 725 towards Ta Nung commune or QL 27 – QL 20 through the Dran Pass towards Trai Mat (Ward 11).

The province requires relevant authorities to flexibly manage and control traffic, adjusting as necessary for all types of vehicles (except trucks with a total weight over 20 tons). They can travel up to Da Lat City when the Mimosa Pass is congested, using the internal road within the Tuyen Lam National Tourist Area.

Meanwhile, for the Bao Loc Pass, from 10:00 AM to 5:00 PM on September 1st and 2nd, trucks with a total weight over 20 tons (transporting minerals, construction materials, soil, stone, etc.) will be prohibited from traveling uphill from H.Da Huoai to Bao Loc City. Additionally, from 2:00 PM to 8:00 PM on September 3rd and 4th, these trucks will be prohibited from traveling downhill.

The Lam Dong Provincial People’s Committee has instructed the Provincial Police, Traffic Police, and local police to conduct regular patrols and checks to ensure traffic order and safety on the roads. They will set up checkpoints (at the Lien Khuong roundabout, the entrance to the Lien Khuong – Prenn expressway tunnel to the Tuyen Lam National Tourist Area, and Lam Dong Electric Roundabout) to direct, guide, and manage traffic flow according to the actual situation.

At the same time, two 24/24 rescue vehicles will be hired and stationed between the Mimosa Pass and the Bao Loc Pass from September 1st to September 4th to handle traffic accidents if they occur.

Bao Loc Pass will ban trucks over 20 tons according to the time frame during the holiday 2.9

Since the beginning of February this year, the Prenn Pass has been closed for construction, upgrading, and expansion. Vehicles traveling to and from Da Lat City mainly use the Mimosa Pass and the internal road within the Tuyen Lam National Tourist Area (except for trucks, which are prohibited on this road). Other intersections remain open for normal traffic.

On this year’s September 2nd holiday, the Prenn Pass will remain closed due to ongoing construction. Therefore, residents and tourists will continue to travel as before when entering and exiting Da Lat City (except for specific vehicles prohibited during certain time frames and days as mentioned above).

@Thanhnien.vn

The Moscow Central Diameter launch is a pioneering leap in global transit systems

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As cities around the globe seek innovative and sustainable transportation networks, the MCD offers a vision of the future, showcasing how urban mobility can be reimagined. Moscow’s pioneering initiative aims to establish a surface metro system that seamlessly integrates the vast Moscow agglomeration, setting a gold standard for urban transportation solutions.

Hanoi– On August 17, Moscow proudly launched its third Moscow Central Diameter (MCD-3), marking a remarkable stride in the arena of urban mobility not only for Russia but also on a global scale. This development underlines the city’s commitment to providing its commuters with efficient, sustainable, and modern transportation.

Inaugurated by Russian President Vladimir Putin and the Mayor of Moscow Sergei Sobyanin, the MCD stands as a monumental project in global passenger transportation. Its inception aimed to establish a surface metro system to seamlessly interconnect the vast Moscow agglomeration. A testament to its success, within just two years from its establishment, the MCD witnessed the launch of its first two diameter sections on November 21, 2019. Since that milestone, the MCD has served over 600 million passengers, echoing its undeniable significance and efficiency.

MCD-3 is bridging districts with an enhanced commuter experience

Russian President Vladimir Putin and the Mayor of Moscow Sergei Sobyanin

The newly launched MCD-3 is a colossal 85 km-long railway stretch bridging the northwest and southeast districts of Moscow. The line already features 38 operational stations, with the addition of 3 more – Mitkovo, Malino, and Rizhskaya – anticipated soon. Catering to an impressive 3.5 million residents, MCD-3 connects 24 districts within Moscow and an additional 4 districts in the encompassing Moscow region.

One of the salient features of the MCD-3 is its integration with 21 transit connections, inclusive of the prominent Big Circle Line and the Moscow Central Circle (MCC). This synergy is projected to alleviate the congestion of three existing metro lines by up to 15%. Furthermore, the successful operation of the MCD-3 promises a notable reduction in road traffic, estimating a daily decrease by nearly 7,000 vehicles. This initiative aligns with Moscow’s vision for a greener environment, aiming to slash harmful emissions by up to 36,000 tonnes annually.

Enhancing the overall travel experience for commuters, the MCD-3 has dramatically increased its daily passenger capacity from 0.9 million to a staggering 1.9 million. This ensures that travellers can enjoy a more comfortable and spacious commute, even during peak hours. Furthermore, with service frequencies rising by 1.5 times, travellers will only experience a minimal 5.5-minute wait between trains during high-traffic hours. This enhanced efficiency is complemented by a substantial reduction in transportation costs, potentially decreasing by up to 3.5 times for regular commuters.

Moscow is a vision of the future with a commitment to optimize travel experience

Adding to its technical prowess, the Mitkovskaya connection has been thoroughly refurbished. This initiative successfully connects previously isolated railway lines without causing any disruption to existing traffic. To further refine the passenger experience, the MCD-3 line will operate with a fleet of 11 Ivolga and 19 EP2D trains. Additionally, traditional suburban routes will soon witness a modern transformation, with plans to replace older trains by 2024. This initiative will ensure all long-distance suburban zones boast 100% modernized rolling stock. Presently, the MCD already prides itself on operating entirely with new trains.

Moscow’s ambition doesn’t stop here. The city envisions an array of future projects, with highlights including the introduction of the MCD-5 diameter section, enhanced connectivity between Moscow and its neighbouring major cities.

Contact:

Sergey Melikov – Head of International Relations Department, Moscow Metro

Email: melikov-sy@mosmetro.ru

Joe Biden will visit Vietnam next month in an effort “to change our relationship”

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United States President Joe Biden is set to embark on a significant visit to Vietnam scheduled for September 10-11, as announced by the spokesperson of Vietnam’s Ministry of Foreign Affairs on Tuesday.

This diplomatic journey comes as a response to an invitation extended by General Secretary of the Communist Party of Vietnam, Nguyễn Phú Trọng, according to spokesperson Phạm Thu Hằng.

Anticipating this momentous event, Hằng expressed her belief in the transformative impact of this high-level exchange between the two nations. She highlighted the profound nature of the visit, stating that it will usher in a new era of Vietnam-US relations characterized by stability, substance, and long-term cooperation across all sectors. This, in turn, is expected to play a pivotal role in upholding global peace, stability, and cooperation.

According to CNN, President Joe Biden on Tuesday said that he plans to soon visit Vietnam in an effort “to change our relationship,” with the Southeast Asian nation.

“I’m going to be going to Vietnam shortly, because Vietnam wants to change our relationship and become a partner,” he said, according to press pool reports from a campaign reception.

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Further details were furnished by the White House in a statement, where it was disclosed that during his stay in Hà Nội, President Biden will not only engage with the Vietnamese Party leader but also convene with other influential figures. The primary aim of these discussions will be to explore avenues for an even deeper partnership between the US and Vietnam.

The statement elaborates that the leaders’ deliberations will encompass a wide array of topics, including the fostering of a technology-oriented and innovation-driven Vietnamese economy, nurturing people-to-people connections through initiatives like educational exchanges and workforce development programs, concerted efforts to combat climate change, and the collective pursuit of regional peace, prosperity, and stability.

In the broader context, this year marks a significant milestone as Vietnam and the US commemorate the 10th anniversary of their Comprehensive Partnership, which was established on July 25, 2013, and will extend through 2023.

It is noteworthy to mention that the historical exchanges of high-ranking delegations between the two countries have laid a sturdy foundation for this upcoming visit. Notable events include the visits to the US by Party General Secretary Nguyễn Phú Trọng, Prime Minister Nguyễn Xuân Phúc, and Prime Minister Phạm Minh Chính in 2015, 2017, and 2022 respectively. Similarly, the visits of President Barack Obama, President Donald Trump in 2017 and 2019, and Vice President Kamala Harris in 2021 to Vietnam have also significantly bolstered bilateral relations, Vietnam News Agency reported.

Best product ideas for Ceramics, Pottery, and Tiles to export from Vietnam

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In Southeast Asia’s heart, Vietnam boasts a centuries-old cultural heritage. Ceramics, pottery, and tiles exemplify its artistic mastery.

The nation’s tradition of crafting these items, coupled with a modern tile industry, blends skill, creativity, and heritage. Beyond their beauty, these pieces hold the potential for substantial financial gains and a platform for creativity.

This article explores the prominent product ideas of Vietnamese ceramics, pottery, and tiles to display international buyers can offer through their import / export businesses for creative opportunities of growth and artistic satisfaction.

Exploring the Ceramics Market in Vietnam

The global demand for unique ceramics, pottery, tiles, and construction materials is rising, aligning well with Vietnam’s offerings. The Vietnam Ceramic Tiles Market, valued at USD 5.16 billion in 2023, is projected to reach USD 9.78 billion by 2028, with an impressive CAGR of 13.64% during 2023-2028. This growth is fueled by consumer preferences for authenticity and quality in Vietnamese products, presenting a promising profit potential in this sector.

9 Product ideas for Ceramics Exports

This section offers prominent and effective product ideas rooted in Vietnam’s ceramics, pottery, tiles, and construction materials sector.

From traditional craftsmanship to modern design innovations, these concepts showcase the industry’s diverse opportunities to gain profits.

>> Related article : Best products to manufacture and source in Vietnam

Ceramics

  • Artisanal Ceramic Home Decor: Create a line of handcrafted ceramic home decor items like vases, bowls, and figurines, inspired by various countries’ traditions and cultures. These unique pieces can be marketed to local and international customers seeking authentic cultural artifacts.
  • Ceramic Jewelry: Design and make ceramic jewelry pieces such as earrings, necklaces, and bracelets, combining artistic elegance with wearable fashion. These pieces can incorporate traditional motifs for a distinctive touch.
  • Ceramic Tableware Sets: Produce sets of ceramic plates, bowls, and cups featuring exclusive patterns and designs. Market these as premium dining sets for special occasions or daily use, tapping into the growing interest in artisanal tableware.

Pottery

  • Handcrafted Pottery Planters and Garden Ornaments: Design and create unique pottery planters or garden ornaments like decorative garden balls, bird baths, and wind chimes for indoor and outdoor use. These items can come in various sizes, shapes, and finishes, catering to plant enthusiasts and interior decorators.
  • Pottery Bathroom Accessories: Design and craft pottery soap dishes, toothbrush holders, and lotion dispensers for bathrooms. This concept focuses on functional yet stylish accessories.
  • Pottery Pet Accessories: Craft pottery bowls and dishes specially designed for pets. These unique and durable accessories can cater to pet owners seeking functional yet aesthetically pleasing options.

Tiles

  • 3D Textured Wall Tiles: Create three-dimensional textured wall tiles that add depth and visual interest to interiors. These tiles can be used as focal points or to create a sense of movement in a space.
  • Outdoor Patio Tiles: Create durable and weather-resistant tiles specifically designed for outdoor patios and terraces. These tiles can withstand the elements while maintaining their aesthetic appeal.
  • Nature-inspired Tiles: Develop a line of nature-inspired tiles that replicate natural textures like stone or marble, offering a cost-effective and flexible alternative to traditional materials that still can be used to create modern and stylish patterns.

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

How to succeed in this export business from Vietnam ?

This part delivers useful advice and strategies for entrepreneurs eager to successfully manufacture products made of ceramics, pottery, and tiles in Vietnam.

Sourcing and Supplier Relationships

Establishing reliable supplier relationships is vital for consistent product quality and pricing. Trusted suppliers guarantee a steady flow of materials and can offer competitive rates. This stability boosts your business reputation and customer trust. However, this might cause challenges for foreign companies due to distance, language barriers, and cultural differences.

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

Quality Control and Assurance

Ensuring your products consistently meet high-quality international standards is essential for building a strong business reputation. It builds trust, sets you apart in a competitive market, and ensures lasting success as you present offerings to a global audience.

Researching regulations, certifications, and rigorous quality control processes, along with audits and collaboration with testing organizations, are key steps to achieve this goal.

Be aware of common sourcing pitfalls

  1. Lack of Due Diligence: Failing to thoroughly research suppliers can result in unforeseen problems such as unethical practices, inadequate facilities, or inconsistent quality.
  2. Overlooking Communication: Ineffective communication with suppliers can lead to misunderstandings, delays, and misaligned expectations, impacting the overall sourcing process.
  3. Not Diversifying Suppliers: Relying heavily on a single supplier can leave your business vulnerable to disruptions such as supply chain issues, price fluctuations, or geopolitical events.
  4. Neglecting Legal and Regulatory Compliance: Ignoring local regulations, customs requirements, and import/export laws can lead to delays, fines, or even legal troubles.

Tip for success: It will be essential and easier if expat businesses seek support from reputable sourcing agencies to simplify the process of sourcing ceramics, pottery, and tiles. Proceed to a due diligence, look for customer reviews to choose the right sourcing partner for your needs. Sourcing partners must have an in-depth knowledge of local markets, supplier networks, and regulatory frameworks can be instrumental in ensuring a smooth and successful sourcing journey. To learn more about the challenges in sourcing ceramics from Vietnam, these resources from Movetoasia can be a good starting point.

In summary, this article has highlighted the potential of turning clay into profit with various business product ideas related to ceramics, pottery, and tiles from Vietnam. By meeting global demand, maintaining quality, and forming strong supplier relationships, entrepreneurs can tap into Vietnam’s craftsmanship for growth and innovation. This presents a promising opportunity in this dynamic industry.

Managing Trading Risks: A Comprehensive Guide For Forex Traders

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Forex trading offers exciting opportunities for financial gains, but it also carries inherent risks. Successful traders understand the importance of managing these risks effectively. In this comprehensive guide, we will explore proven strategies and best practices to help forex traders navigate the dynamic market and mitigate potential risks. By implementing robust risk management techniques, traders can safeguard their capital and enhance their chances of long-term profitability.

What Are Forex Trading Risks

The primary source of risks in forex trading arises from the volatility of currency prices. Currency values are susceptible to various factors such as economic indicators, geopolitical events, and market sentiment. Consequently, traders often encounter the risk of their trades moving unfavorably, leading to potential losses. Here are some key forex trading risks that traders should remain cognizant of:

 

Market Risk: Market risk refers to the potential losses that traders may incur due to currency price fluctuations in financial markets. Economic indicators, geopolitical events, and market sentiment can significantly impact currency values. Traders must be prepared for the possibility of their trades moving against their positions, leading to losses.

Liquidity Risk: Liquidity risk refers to the difficulty in executing trades quickly and at desired prices due to insufficient market liquidity. In less liquid market conditions or for certain currency pairs, it may be challenging to enter or exit trades without experiencing slippage or wider spreads. Traders should be cautious when trading in illiquid markets to avoid potential difficulties. In this manner, CFD trading offers an advantage as the liquidity risk for Contracts for Differences – which are synthetic derivatives that do not require actual assets to be available – are lower than OTC spot forex trading.

Leverage Risk: Leverage allows traders to control larger positions with a smaller amount of capital. While leverage can amplify potential profits, it also magnifies losses. Higher leverage increases the risk of significant losses if trades move against the trader’s position. Traders need to manage leverage carefully and understand its impact on risk exposure.

Counterparty Risk: Counterparty risk is associated with executing trades through brokers or financial institutions. Traders face the possibility of the broker or counterparty defaulting on their obligations. To mitigate this risk, it is crucial to select reliable and reputable brokers, such as PU Prime, who are regulated and financially stable.

 

Essential Risk Management Strategies

Effectively managing these risks is not only crucial for preserving investments but also for ensuring long-term success in the forex market. Here are some essential risk management strategies that traders should master:

Applying Behavioral Finance: Mastering discipline and emotions is a key part of risk management, especially when trading with high leverages. Key factors include overcoming loss aversion, avoiding overconfidence, and regret. People are often more motivated to avoid losses than to achieve equivalent gains, which can lead to irrational decisions like holding onto losing investments longer than they should.Meanwhile, overconfidence can lead to excessive trading driven by emotions rather than rational analysis. Traders may make impulsive decisions based on a false sense of certainty, which can result in losses.Finally, regret can lead to behavior like revenge trading, where traders made irrational decisions to cover losses or missed opportunities.

Proper Position Sizing: Determining an appropriate position size is crucial for effective risk management. Traders need to assess their risk tolerance and account balance to determine the size of each trade. It is important to avoid risking a significant portion of the capital on a single trade. Many experienced traders recommend maintaining a healthy margin level so as to avoid unnecessary stop-outs.

Setting Stop-Loss Orders: Stop-loss orders are widely used to manage risk in forex trading. These orders specify the price at which a trade should be automatically closed if it moves against the trader’s position. By setting a stop-loss level, traders can limit potential losses and protect against adverse market movements.

Diversification Across Asset Classes: Diversification across asset classes is another effective risk mitigation technique. By expanding investments beyond forex and including other asset classes such as stocks, commodities, or bonds, traders can spread their risk across different markets. This diversification reduces the dependency on a single asset class and can provide a hedge against specific market risks.

Risk-Adjusted Returns: Risk-adjusted returns are another crucial aspect of risk management. Instead of solely focusing on profits, traders should consider risk-adjusted returns when evaluating their performance. Metrics such as the risk-reward ratios provide a more comprehensive assessment of the returns achieved relative to the risks undertaken. By aiming for positive risk-adjusted returns, traders can gauge the effectiveness of their risk management strategies.

 

Final Thoughts

Managing forex trading risks is vital for forex traders aiming for long-term success. By understanding the risks involved, choosing a reliable forex trading platform, implementing robust risk management strategies, and maintaining discipline, traders can enhance their chances of profitability and protect their capital. Remember, risk management is an ongoing process that requires continuous evaluation, adaptation, and commitment. Prioritizing risk management forms the foundation for sustainable and rewarding forex trading experiences.

Go taking photos at the most beautiful street in Hanoi in autumn

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Phan Dinh Phung is one of the capital’s most attractive and charming avenues with its centuries-old trees. The ancient trees drop their leaves, covering the walkway in yellow, especially in autumn and winter, inspiring tourists and locals to come here to take a walk and take photographs.

Thousands of people rushed here on weekends to take photos with friends and family. Both sides of this street are congested with parking spots and people taking photographs, particularly in the section where individuals set up their flower carts for sale.

The most crowded area is the flower for sale

Notably, Phan Dinh Phung Street has a high traffic density, yet many young people “forget” traffic safety laws and stand in the street to take pictures. Cars going along the road had to move slowly and frequently honk to avoid an unlucky collision.

Because of the overcrowding on the sidewalk, several young people chose to walk on the road.

Mr. Ngoc (25 years old, lives in Hanoi’s Bac Tu Liem District) stated that on the morning of the same day, he asked the help of his friends to travel to Phan Dinh Phung Street to take photos. The packed scene on this street, on the other hand, surprised him.

“I spent almost an hour taking pictures here, but I haven’t gotten a good one yet because every time I raise the camera to take a picture, someone walks through the frame.” “We often joke that there are ten people to take pictures every square meter,” Mr. Ngoc remarked.

Phan Dinh Phung Street is also often congested due to the large number of people pouring in

@thanhnien.vn

Shiba Inu’s Highly Anticipated Shibarium Bridge is Now ‘Fully Functional’

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Withdrawals can take anywhere from 45 minutes to a week, depending on the token, developers said in a Monday update.

Token withdrawals out of the Shibarium bridge are now live and available to users, weeks after a much-hyped launch quickly fizzled out after being riddled with software bugs that led to millions of dollars in limbo on the network.

Developers said in a Monday update that withdrawals of Shibarium ecosystem tokens shib (SHIB), leash (LEASH) and wrapped ether (wETH) will take anywhere from 45 minutes to 3 hours to be processed, while bone (BONE) withdrawals could take up to 7 days.

As such, chief developer Shytoshi Kusama previously stated the team had put steps in place to prevent an outage from repeating. They added the team worked with Polygon blockchain developers to rectify any potential issues. Shibarium is a fork of Polygon, meaning it uses modified code that runs the latter.

Shibarium is an Ethereum layer-2 network that uses SHIB tokens as fees in what is part of a broader plan to position Shiba Inu as a serious blockchain project. It is said to have a focus on metaverse and gaming applications while finding use as a cheap settlement for DeFi applications built atop it.

A testing period for Shibarium saw significant success, with millions of wallets participating and conducting some 22 million transactions over a four-month period.

But the network quickly fizzled out after going live earlier this month. Shibarium transactions were stalled for at least eleven hours shortly after going live, with millions of dollars stuck on a bridge, or a tool that transfers tokens between different networks. SHIB prices plunged 10% at the time.

Developers responded to the outage stating that “there was no bridge issue” and that the problem occurred following an unprecedented mass influx of transactions from users, as previously reported. They claimed servers failed as users overloaded the network with transactions – much higher than the handling capacity of those servers.

They have since claimed the network has a “new monitoring system and additional fail-safes” in place to prevent stoppage amid a “huge level of traffic again.”

SHIB slid 2.2% in the past 24 hours despite the network restart amid a generally bearish sentiment for majors such as bitcoin (BTC).

Bitcoin Traders Remain Fearful of ‘Tail Risk’ Amid Renewed Price Lull: Observers

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Tail risk refers to the risk of an asst moving three standard deviations from its current price on the back of a rare event.

Relative richness of out-of-the-money call and put options tied to bitcoin suggests traders are pricing in “tail risk” in the bitcoin market.

Tail risk suggests a higher possibility that an investment will move more than three standard deviations from the mean.

They call it tail risk in the crypto market: the risk of an asset moving three standard deviations from its current price on the back of a rare event.

Traders fear such an event in bitcoin (BTC) even though the cryptocurrency has been listless around $26,000 since falling over 10% in the week ended Aug. 20. BTC’s annualized seven-day historical or realized volatility has cooled to 26% from nearly 60% seen early last week, according to Amberdata.

“Bitcoin’s butterfly index has risen to yearly highs. It shows investors and market makers are pricing in tail risk,” Griffin Ardern, volatility trader from crypto asset management firm Blofin, said.

The butterfly index gauges the relative richness of the out-of-the-money (OTM) higher strike call options and lower strike put options by comparing crypto exchange Deribit’s bitcoin volatility index (DVOL) with the at-the-money (ATM) volatility.

An elevated index indicates relatively stronger demand for OTM options (wings) or call options at strikes higher than BTC’s current price and puts at strikes lower than BTC’s going market rate. In other words, it signifies traders’ fear of the tail risk or sensitivity to uncertainty.

Calls are derivative contracts that give the purchaser the right to buy the underlying asset at a preset price at a later date. A put option gives the right to sell. A call buyer is implicitly bullish on the market, while the put buyer is bearish. Demand for OTM calls and puts rises when traders anticipate an above-average price move.

“Looking at the BTC butterfly index, we can see that wings are near the upper 90% percentile (red horizontal line). So, [while] outright volatility [metrics] seems confident in spot price consolidation, traders are still paying up for tails,” Greg Magadini, director of derivatives at Amberdata, said in the weekly newsletter.

The index is expressed as a ratio or spread between crypto exchange Deribit’s bitcoin volatility index (DVOL) and the at-the-money (ATM) volatility. Deribit’s DVOL considers the pricing for all options, while the ATM tool is based on pricing for at-the-money options.

The pricing for tail risk is consistent with the lingering macroeconomic uncertainty.

On Friday, Federal Reserve Chairman Jerome Powell reaffirmed that the central bank remains committed to hitting the 2% inflation target and keeping it there while signaling that the monetary policy will remain tight for longer than expected.

The Fed’s continued bias for tightening has lifted bond yields to the highest since 2007. Rising yields tend to weigh over risk assets, including cryptocurrencies.

“A key insight from Jerome Powell is that ‘getting inflation back to 2% likely requires below-trend growth’, meaning he isn’t afraid of some pain to the economy and jobs market,” Magadini noted.

Ardern said the tail risk will likely remain higher in the lead-up to Friday’s U.S. nonfarm payrolls report. Per Wall Street Journal, the data is likely to show the U.S. economy added 200,000 jobs last month following June’s 209,000 additions, resulting in the jobless rate holding steady at 3.6%.

Pepecoin Says ‘Bad Actors’ on Team Stole $15M PEPE

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Unprecedented transactions out of a multisig wallet spooked Pepecoin watchers last week.

Some rogue developers on the Pepecoin team were behind last week’s unprecedented transfers out of the token’s multisig wallet and effectively stole millions worth of pepe coin (PEPE), a team member claimed on X, formerly Twitter.

“Since its inception, $PEPE has unfortunately been plagued by inner strife with a portion of the team being bad actors led by big egos and greed,” a developer who claimed to now be in control of the project said in a tweet. “There has often been conflict, and the majority of the team involved in $PEPE creation started to distance themselves after the first week of project inception.”

Last week, over 16 trillion Pepe tokens ($15 million) were illicitly transferred to crypto exchanges OKX, Binance, Kucoin and Bybit before being sold – contributing to a nearly 20% slide in the frog-themed tokens, the team member said.

On-chain sleuths previously noted troubling changes to the oversight of how a developer-related wallet handled transaction approvals. Instead of requiring five of eight wallets to sign off on transactions, it had changed to only two out of eight, as reported.

The transactions represented the first time the project’s multisig wallet – which held 26 trillion tokens out of a 420 trillion total supply – had ever sent out the meme coin.

But whoever is in control of the project now has been apologetic on X posts, stating they plan to grow, and eventually fully decentralize, the project in the months ahead.

“I have been in negotiation with the owners of some web domains and usernames that I am looking into acquiring for PEPE, and when I am complete with any of these prospective purchases or donations of PEPE from the multi-sig, I will burn the remainder of these multi-sig tokens,” they said. Burns refers to the permanent deletion of tokens from the open market.

Pepe was one of 2023’s biggest success stories amid a generally bearish market, zooming to a The tokens since ran to a peak market capitalization of $1.8 billion in mid-May, seeing trading volumes surpass those of dogecoin (DOGE) and shiba inu (SHIB) – which are otherwise the biggest meme coins by trading volume.

Perennial Alarm Bells

However, analysts have repeatedly rang the alarm bells around the early activity of pepecoin traders as well as the absence of retail traders. The major risk has been too many tokens in too few hands, leaving the price action dependent on a few investors.

“The limited amount of net liquidity is creating a high-stakes game of music chairs,” shared Rafe Tariq, senior quant at SingularityDAO in a research note in June. “Everyday investors are being lured in with the hopes of big profits but the reality is that a small percentage of investors will walk away with profit, while everyone else will get burnt.”

At the time, SingularityDAO also found that a small number of large-scale investors, known as “whales”, hold up to approximately 25% of PEPE, while other large investors hold up 46% of the currently circulating supply.

Cuộc thi Banca:100 khẳng định cam kết nâng cao chất lượng đội ngũ tư vấn kênh bancassurance của Prudential Việt Nam

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Sau hơn 1 tháng tranh tài sôi nổi, vừa qua 100 chuyên viên tư vấn tài chính (tương ứng 50 cặp đấu) đã xuất sắc vượt qua vòng sơ loại và bước vào vòng chung kết của cuộc thi Banca:100, diễn ra tại nhà thi đấu Nguyễn Du, thành phố Hồ Chí Minh. Cuộc thi Banca:100 là một dự án do công ty TNHH Bảo hiểm Nhân thọ Prudential Việt Nam (“Prudential”) triển khai từ đầu tháng 7/2023 với sự tham gia của cả 07 ngân hàng đối tác của Prudential.

Với chủ đề “Chất lượng tạo dựng niềm tin”, Banca:100 là cuộc tranh tài dành riêng cho đội ngũ kinh doanh kênh Hợp tác Ngân hàng (“Bancassurance”). Bên cạnh các chương trình đào tạo, kiểm soát và nâng cao chất lượng bán, cuộc thi Banca:100 là một sáng kiến của Prudential nhằm hiện thực hóa cam kết nâng cao chất lượng đội ngũ tư vấn viên kênh Bancassurance, trên hành trình thúc đẩy mạnh mẽ xu thế phát triển của “thế hệ bancassurance mới”. Thông qua dự án, Prudential và các đối tác ngân hàng mong muốn nâng cao chất lượng tư vấn viên thông qua việc củng cố kiến thức, kỹ năng và gia tăng sự thấu hiểu khách hàng.

Từ đầu tháng 7, cuộc đua Banca:100 đã khởi động vòng ứng tuyển thông qua bài thi trắc nghiệm chuyên môn, thu hút hơn 300 thí sinh tham gia từ Prudential và 07 ngân hàng đối tác trên cả nước.

Đến với cuộc thi, các thí sinh sẽ thi đấu theo hình thức bắt cặp giữa nhân viên Prudential và nhân viên ngân hàng, các cặp thí sinh (trong đó có ít nhất 1 thí sinh có mã đại lý bảo hiểm) sẽ tham gia vận dụng kiến thức về sản phẩm, quy trình tư vấn và chăm sóc khách hàng vào các tình huống thực tiễn trong quá trình làm việc. Các thử thách xuyên suốt cuộc thi xoay quanh việc thể hiện tầm quan trọng của chất lượng tư vấn bán hàng và trải nghiệm khách hàng khi tham gia bảo hiểm.

Vòng chung kết Banca:100 là nơi tranh tài cho 50 cặp thí sinh xuất sắc nhất

Sự kiện chung kết với chủ đề “Vòng Chinh Phục”, 50 cặp đấu đã vượt qua nhiều thử thách dưới hình thức thi kiến thức, vấn đáp, phản biện. Kết quả, đội “PP Có Nhau” đến từ dự án Bacassurance PVcombank gồm chị Nguyễn Thu Thủy – Nhân viên Prudential và chị Nguyễn Thị Thảo Trinh – Nhân viên PVcomBank đã xuất sắc giành chiến thắng chung cuộc và đạt được danh hiệu “Quán quân cuộc thi thấu hiểu khách hàng nhất”.

Kết quả chung cuộc – Đội PP Có Nhau với chị Nguyễn Thu Thủy – Nhân viên Prudential và chị Nguyễn Thị Thảo Trinh – Nhân viên PVcomBank đã giành được chiếc cúp danh giá và danh hiệu “Quán quân cuộc thi thấu hiểu khách hàng nhất”

Ông Nguyễn Thọ Nam – Phó Tổng Giám Đốc Phát Triển Kinh Doanh, Kênh Hợp Tác Kinh Doanh Prudential Việt Nam chia sẻ: “Chất lượng tạo dựng niềm tin – chủ đề của dự án Banca:100 nói lên tầm quan trọng của chất lượng tư vấn bán hàng trong việc tạo dựng niềm tin với khách hàng. Đây cũng là cam kết của Prudential trong chương kế tiếp của thế hệ Bancassurance mới, góp phần lành mạnh hóa và thúc đẩy sự phát triển bền vững của mảng bảo hiểm qua ngân hàng. Thời gian qua, chúng tôi đã phối hợp chặt chẽ với các đối tác trong việc giám sát quá trình tư vấn bán hàng, chăm sóc khách hàng và liên tục triển khai các hoạt động đào tạo, cập nhật kiến thức cho đội ngũ kinh doanh. Cuộc thi Banca:100 là một sân chơi mới, lần đầu được triển khai và nhận được sự hưởng ứng từ các đối tác ngân hàng của chúng tôi trên toàn quốc. Prudential mong muốn muốn thông qua cuộc thi, các tư vấn viên được tiếp thêm động lực và niềm tin vào công việc họ đang theo đuổi bằng việc không ngừng học hỏi và trau dồi kỹ năng chuyên môn để phục vụ và chinh phục trọn vẹn niềm tin của khách hàng”.

Teast ra mắt tại Việt Nam: Cách mạng hóa việc tuyển dụng giáo viên nước ngoài ở các trường học

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Teast, nền tảng tiên phong trong lĩnh vực giáo dục, rất vui mừng thông báo về việc ra mắt chính thức tại Việt Nam. Bước mở rộng này đánh dấu một cột mốc quan trọng trong nhiệm vụ của Teast nhằm thay đổi cách thức mà các trường học tuyển dụng giáo viên nước ngoài, giúp quy trình đơn giản, minh bạch và dễ tiếp cận hơn bao giờ hết.

Trong bối cảnh toàn cầu hóa của thế kỷ 21, nhu cầu tuyển dụng giáo viên nước ngoài tại Việt Nam đã tăng lên đáng kể. Các trường học liên tục tìm kiếm các giáo viên nước ngoài có trình độ chuyên môn phù hợp để cung cấp cho học sinh, sinh viên một môi trường giáo dục toàn diện, đạt tiêu chuẩn quốc tế. Nhận thấy nhu cầu ngày càng tăng này, Teast đặt mục tiêu giúp thu gọn khoảng cách giữa các trường học và các giáo viên tiềm năng, mang đến một nền tảng kết nối giữa các cơ hội việc làm và giáo viên tài năng.

Teast không chỉ là một nền tảng, mà còn là một giải pháp toàn diện được thiết kế nhằm đơn giản hóa quy trình tuyển dụng giáo viên cho các trường học. Teast xóa bỏ những rào cản truyền thống trong tuyển dụng như giới hạn khoảng cách địa lý và quy trình tuyển dụng mất nhiều thời gian, thay thế vào đó bằng một nền tảng kỹ thuật số thông minh, thân thiện với người dùng. Giờ đây, các trường học có thể kết nối với một số lượng lớn giáo viên nước ngoài tài năng trên toàn cầu một cách dễ dàng ngay tại văn phòng của mình.

Đối với các trường học ở Việt Nam quan tâm đến việc tuyển dụng giáo viên nước ngoài, Teast là nền tảng lý tưởng dành cho việc đó. Nền tảng này cung cấp và mang đến một giải pháp toàn diện, cung cấp tất cả các nguồn lực và thông tin cần thiết để bắt đầu quá trình tuyển dụng. Nền tảng này được thiết kế thân thiện với người dùng và mang lại tính hiệu quả cao, bao gồm mọi tính năng cần thiết, từ tính năng giải thích chuyên sâu về các chức năng của nền tảng đến tính năng cung cấp thông tin chi tiết về quy trình tuyển dụng. Các trường học có thể dựa vào Teast để biết rõ tất cả các thông tin, nguồn lực cần thiết nhằm đưa ra những quyết định đúng đắn về hành trình tuyển dụng của mình.

Teast nổi bật với cam kết về tính minh bạch, đặc biệt khi nhắc đến khía cạnh tài chính trong việc tuyển dụng giáo viên nước ngoài. Nền tảng này tin rằng các trường học sẽ nắm rõ thông tin toàn diện về các chi phí liên quan đến việc tuyển dụng giáo viên nước ngoài, bao gồm tiền lương và các phúc lợi khác. Khi biết rõ được những chi phí này, trường học có thể lập kế hoạch ngân sách một cách hiệu quả và đưa ra những quyết định tài chính sáng suốt, đảm bảo nhà trường có thể chuẩn bị đầy đủ nguồn lực tài chính liên quan đến việc tuyển dụng giáo viên nước ngoài.

Nhưng nhiệm vụ của Teast không chỉ dừng lại ở việc kết nối trường học với các giáo viên nước ngoài. Nền tảng này cũng cung cấp sự hỗ trợ liên tục trong suốt quá trình tuyển dụng. Từ liên hệ ban đầu đến khi tuyển dụng thành công, đội ngũ chuyên gia của Teast luôn sẵn sàng hỗ trợ các trường học, đảm bảo quá trình tuyển dụng diễn ra một cách suôn sẻ và thuận lợi.

Hơn nữa, Teast hiểu được tầm quan trọng của sự kết hợp tốt giữa nhà trường và giáo viên. Do đó, nền tảng này sử dụng thuật toán tiên tiến để kết hợp trường học với những giáo viên phù hợp nhất dựa trên yêu cầu cụ thể của từng nhà trường. Cách tiếp cận được cá nhân hóa này không chỉ giúp tiết kiệm thời gian mà còn tăng cơ hội để đạt được sự thành công trong việc tuyển dụng.

Sự ra mắt của Teast tại Việt Nam không chỉ đơn thuần là mở rộng quy mô, mà đó còn là cam kết dành cho các nhà trường, học sinh, sinh viên tại Việt Nam. Nền tảng này được thiết kế chuyên biệt để cung cấp những dịch vụ tốt nhất cho các nhà trường và các giáo viên nước ngoài, giúp quá trình tuyển dụng diễn ra một cách liền mạch và hiệu quả. Với nền tảng Teast, các trường học giờ đây có thể tuyển dụng giáo viên nước ngoài một cách tự tin và dễ dàng.

Sự ra mắt của Teast tại Việt Nam đánh dấu một kỷ nguyên mới trong công cuộc tuyển dụng giáo viên nước ngoài. Đây là một bước tiến về một tương lai mà mỗi trường học, bất kể ở vị trí nào hay quy mô ra sao, đều có thể tiếp cận với một nguồn nhân tài giáo viên nước ngoài trên toàn cầu. Hãy cùng chúng tôi tham gia trong cuộc cách mạng hoá này, cùng trải nghiệm sự thuận tiện và hiệu quả trong việc tuyển dụng giáo viên nước ngoài với Teast.

 

MSB Secures Spot Among Vietnam’s Top 100 Most Valuable Brands

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According to the 2023 Vietnam Top 100 Brands Report just released by Brand Finance, the brand value of Vietnamese banks has increased by an impressive 47%, attributed to their adoption of digitization and service improvements.

Specifically, the banking sector holds a significant 30% of the total value among the 100 ranked brands by Brand Finance. Among these, the Vietnam Maritime Commercial Joint Stock Bank (MSB) stands out.

Brand Finance states that MSB’s efforts in driving digitization and enhancing customer experiences have been the driving forces behind its brand strength, significantly contributing to the increase in brand value.

MSB’s inclusion in the “Top 100 Most Valuable Brands in Vietnam” showcases Brand Finance’s recognition and high regard for the bank due to its positive financial indicators in 2022 and the first half of 2023. Accordingly, MSB had a successful year, surpassing set business and profit targets.

According to the financial report for the first half of 2023, MSB’s total assets reached over 237.8 trillion VND, up 11.8% compared to December 31, 2022. Customer loans accumulated in the first six months reached nearly 136.6 trillion VND, experiencing a growth of 13.2% since the beginning of 2023, surpassing the industry average. Cumulative customer deposits in the same period totaled almost 126.3 trillion VND, showing a slight increase of 7.8% compared to the end of 2022. Notably, savings and margin deposits have shown strong growth rates of 24% and 30%, respectively. These factors contributed to MSB’s total net revenue for the first six months reaching nearly 6.4 trillion VND, a 23.2% increase compared to the same period in 2022.

“Furthermore, MSB has received numerous prestigious awards from both domestic and international organizations. These include Forbes’ “Top 25 Leading Financial Brands,” International Data Group’s recognition as the “Typical Digital Transformation Bank in 2021,” the Special Award for International Payments from Wells Fargo, the title of “Leading Bank in Trade Finance for Small and Medium Enterprises in 2021” from the Asian Development Bank (ADB), and the recognition as one of the “Top 10 Most Prestigious Private Joint Stock Commercial Banks in Vietnam” by Vietnam Report.”, Duong Ngoc Dung, Chief Marketing Officer at MSB told reporter.

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The data indicates that banking brands with strong growth in Brand Finance’s rankings primarily made their appearance in the 2022 rankings, all experiencing double-digit growth in brand value.

According to Brand Finance, Vietnamese banking brands have demonstrated resilience in the face of economic challenges through their implementation of digitization and improved customer service.

Alex Haigh, Managing Director – Asia Pacific at Brand Finance, commented: “Despite economic challenges, banking brands in Vietnam have shown outstanding growth, earning a place in Brand Finance’s list of the top 100 Vietnamese brands this year. We see their commitment to digitization and enhancing customer service yielding results.”

Brand Finance is the world’s leading brand valuation firm headquartered in London, UK, with over 20 years of experience in valuation consulting and brand strategy across more than 20 countries worldwide. Every year, Brand Finance evaluates over 70,000 brands globally, facilitating numerous brand transactions and intangible assets worth billions of dollars.

Brand Finance’s brand assessment methodology adheres to ISO, IVSC, and IASB standards and is widely accepted by regulatory authorities and tax agencies worldwide.

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