Asian markets staged a much-needed rally Wednesday (Oct 17) as investors tracked Wall Street's best performance in more than six months thanks to a healthy round of earnings reports. Asian traders are taking their lead from a strong performance on Wall Street that came after healthy earnings reports. (Photo: AFP/Daniel Roland) Bargain-buyers took advantage of the strong readings from some of the world's top firms to step back into the mix, with a dip in US Treasury yields and a US announcement of trade talks with Japan, the EU and Britain helping sentiment. The news helped distract from long-running worries about the trade war between China and the United States that shows no sign of abating. Investors are now awaiting the release later in the day of minutes from the Federal Reserve's most recent policy meeting, hoping for some insight into its plans for interest rates in light of fresh strong data on the US economy. All three main indexes in New York piled on more than 2 per … [Read more...] about Asian markets stage rally after strong Wall Street lead
Mixed market definition
VietNamNet Bridge – If you think you already know dishes like banh xeo, banh trang or nem nuong too well, Anan Saigon’s creative versions might surprise you. Plus, their unique location is a bonus. The Nomad Quynh reports. Small but mighty: Betel leaf beef - a delicious starter though quite expensive for the small portion. VNS Photo The Nomad Quynh Opened just over a year ago, Anan Saigon has quickly made its mark in HCM City’s food scene. Peter Cuong Franklin – the chef, founder and the face behind Anan – is an award-winning overseas Vietnameese chef who has worked at famous overseas establishments such as Alinea and Next (in Chicago) and Four Seasons Hotel (in Hong Kong), as well as founded two restaurants before coming back to Viet Nam - his motherland to open Anan. In case you are wondering how to pronounce this name, it is “ăn ăn” meaning “eat eat” in English. Before coming here I already heard about the … [Read more...] about Anan Saigon: New take on traditional favourites
Filipino firm Universal Robina Corporation experienced weak sales in Vietnam in 2017, following a major food safety scandal resulting in recalls, which forced the company to change its product’s look in March. URC was forced to make necessary brand changes to its beverages which are popular in Vietnam, Photo: Dng Minh According to the latest Universal Robina Corporation (URC) report, it incurred a 21.1 per cent drop in net income in 2017. “Profitability remained weak as the company faced a decline in volumes and a change in its product mix, particularly relating to the coffee category in the Philippines, as well as a slower-than-expected recovery in Vietnam,” URC said. URC, the food and beverages unit of the Gokongwei group of companies, is focusing on strengthening its business and hopes to recover its share of Vietnam’s beverage market by 2020. URC consists of three main divisions, namely snack foods, beverages, and grocery products. The group … [Read more...] about URC sales plunged after notorious lead scandal
Asia markets fell on Thursday as fears about a high-stakes US-Russia stand-off over Syria arrested a rally fuelled by Xi Jinping's conciliatory trade message earlier in the week. Having enjoyed a semblance of stability this week after the Chinese president's comments soothed trade war talk, traders are now turning their attention to the Middle East. With Western leaders trying to decide how to respond to an alleged chemical attack on a Damascus district, Donald Trump on Wednesday tweeted that "missiles will be coming", defying Russian warnings against a military strike. Trump blames Syrian leader Bashar al-Assad and Moscow for the deadly assault that killed dozens in Douma, while his press secretary added that with regards to military action "all options are on the table". Russia's ambassador to Beirut warned any US missiles would be shot down "as well as the sources they were fired from". Adding to the geopolitical crisis was news that Saudi Arabia had shot … [Read more...] about Syria fears hit Asia markets as Xi trade speech fades
Companies in Vietnam have experienced fierce competition over the last few years, both qualitative and quantitative. Many have been forced to close down while others are still in business but struggling to move forward. The question is how to make a brand not only sustainable but also grow in value in the context of fierce global competition and rapid digitalization. There are many approaches to answering this question. Here I note the three key driving forces for brands: digital transformation, globalization, and brand leadership. In my observation, these forces help grow a company’s brand value if implemented successfully. Customer-centric digital transformation Unlike in the past, customers now have many brand choices for a particular product in Vietnam. Let’s take bakery goods for example. Customers would have previously mentioned Kinh Do in the south or Hai Ha in the north, but today they may name a long list of bakery brands: Top Cake, Tous Les Jours, ABC, … [Read more...] about How best to maintain brand value?