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Vietnam leaps two places in global innovation index in 2023

September 28, 2023 by en.vietnamplus.vn Leave a Comment

According to a report released by the World Intellectual Property Organization, Vietnam has continued to show progress in converting innovation input into output performance. The country has jumped from 59th position in 2022 to 57th position in 2023 in terms of input level, while its output level was up one place to 40th position.

Particularly, Vietnam has maintained its second position among lower middle-income countries in the overall Global Innovation Index after India. Among ASEAN countries, Vietnam is behind Singapore, Malaysia and Thailand.

According to the World Intellectual Property Organization , Vietnam is among most impressive innovation climbers of the last decade. Vietnam, along with India and the Republic of Moldova, continue to be record holders by being innovation overperformers for a 13th consecutive year.

This year, Vietnam ranks 33rd in the unicorn valuation, and 66th in research and development (R&D) expenditure./.

VNA

Filed Under: Videos global innovation indexm Vietnam ranking in global innovation index, World Intellectual Property Organization, Vietnam innovation, Vietnamplus, Vietnam News..., indicators global innovation index, who publish global innovation index, the global innovation index

Ho Chi Minh City couple bring traditional lantern to global audience

September 28, 2023 by vietnamlife.tuoitrenews.vn Leave a Comment

At Khoi Dang Tac Khi, a lantern workshop where old-fashioned Mid-Autumn festival lanterns are crafted for and promoted to customers from around the globe, Nguyen Thi Kim Thuy, 31, and her husband are busy preparing for the upcoming holiday.

When it all started

Founded in 2022, Khoi Dang Tac Khi refers to the sound of a beating drum on a battlefield.

Though the workshop was only launched last year, Thuy has been working with lanterns since 2018 when she came across photos of people hanging traditional lanterns on the streets of Hanoi in the 1920s to celebrate the Mid-Autumn festival.

The Mid-Autumn Festival, which is celebrated by many Asian countries including Vietnam, is due on the 15th day of the eighth month in the lunar calendar.

It is a tradition for children to spend the holiday carrying lanterns, chanting traditional moon-welcoming songs, and playing traditional games.

Seeing those pictures of the old days, Thuy was deeply impressed with the sophisticated and exquisite lanterns which resemble animals and nature such as fish, crabs, butterflies, and the moon.

“Mid-Autumn Festival season is when many of the nation’s cultural characteristics should be most clearly shown. Nowadays, people put little effort into celebrating as our culture is increasingly commercialized,” Thuy said.

“I wonder if young people, like my children, will remember anything about our culture or history.”

Nguyen Thi Kim Thuy carries a gigantic lantern in one hand while cradling her toddler in the other. Photo: Khoi Dang Tac Khi

Nguyen Thi Kim Thuy carries a gigantic lantern in one hand while cradling her toddler in the other. Photo provided by Khoi Dang Tac Khi

Thuy’s mission with Khoi Dang Tac Khi is to ensure Vietnam’s traditions are carried on by future generations and introduction to the world – a task particularly difficult given the fact that she has no mentor and most of her designs and techniques are self taught from pictures that are decades old.

4 stages, 31 hours

Normally, it takes at least 31 hours for a lantern artisan to finish a project.

The process of shaping the frame takes about nine hours.

In the early days of the workshop, Thuy and her husband experimented with both rattan and bamboo for the frame. Eventually, they settled on using Phyllostachys, an Asian type of bamboo.

“We use heat to create curves from stiff sticks, then attach them together to make circles. We can use those circles to create fish and crab lanterns,” Thuy shared.

The next step in the process is gluing glass paper onto the frame.

Khoi Dang Tac Khi co-founder Nguyen Thi Kim Thuy glues glass paper onto the curve of a fish lantern at her workshop . Photo: Minh Chau / Tuoi Tre News

Khoi Dang Tac Khi co-founder Nguyen Thi Kim Thuy glues glass paper onto the curve of a fish lantern at her workshop . Photo: Minh Chau

It usually takes 4 to 6 hours for craftsmen to carefully stretch and glue each piece of glass paper onto the frame.

This step is crucial and requires meticulousness. One misstep and the glass paper can tear or become wrinkled, making it impossible to paint the lantern.

A lantern maker removes excess material while applying colored glass paper to a curved frame. Photo: Minh Chau / Tuoi Tre News

A lantern maker removes excess material while applying colored glass paper to a curved frame. Photo: Minh Chau

Once the glass paper dries for 16 to 20 hours, artisands begin painting the lantern.

Lanterns are left to dry after being covered with glass paper. Photo: Minh Chau / Tuoi Tre

Lanterns are left to dry after being covered with glass paper. Photo: Minh Chau

Lantern makers apply paint to glass paper. Photo by courtesy of Khoi Dang Tac Khi

Lantern makers apply paint to glass paper. Photo by courtesy of Khoi Dang Tac Khi

Finally, the remaining parts are attached to the main body, everything is aligned, and a string is glued to the lantern.

Each lantern is a different size.

A crab is typically 80x80x90cm while a fish is often 160x130x189cm.

“Made-in Vietnam” lanterns go global

Khoi Dang Tac Khi does not target a specific market segment, but its customers are generally people who love tradition and culture.

The workshop is open all year, but it’s busy season is typically the days and weeks prior to the Mid-Autumn Festival.

A lantern from the workshop can sell for anything between hundreds of thousands to seven million of Vietnamese dong. (US$1 = VND24,400)

This lantern, named Cu giai (crab) by Khoi Dang Tac Khi sold for VND5,830,000 (US$239). Photo: Khoi Dang Tac Khi

This lantern, named Cu giai (crab) by Khoi Dang Tac Khi sold for VND5,830,000 (US$239). Photo: Khoi Dang Tac Khi

“We have received about 100 domestic and 10 foreign orders so far this year,” Thuy said.

“In the past, our customers were mainly businesses, but recently the number of individual purchasers has increased 400 percent compared to last year.”

This year, many of Khoi Dang Tac Khi’s customers are households, individuals who purchase the lantern as gifts for foreign friends, shops, and tourist attractions in need of decorations.

There are also artists who collaborate with Thuy and the workshop to create truly unique pieces.

Early this month, Bau Cua Vui Hoi , a costume designed by fashion designer Truong Tan Linh and adorned with lanterns made by Khoi Dang Tac Khi, won the Best National Costume at the Mrs. Celebrity International 2023 beauty pageant in Malaysia.

A photo fashion designer Truong Tan Linh posts on his Facebook account to annouce Bau Cua Vui Hoi won Best National Costume at the Mrs Celebrity International 2023 beauty pageant.

A photo fashion designer Truong Tan Linh posts on his Facebook account to annouce Bau Cua Vui Hoi winning the Best National Costume at the Mrs Celebrity International 2023 beauty pageant.

“We are very proud to have contributed to promoting the country’s traditions and culture abroad,” Thuy said.

According to Thuy, the workshop has just finished an order for the Vietnamese Ministry of Foreign Affairs to send to countries around the world in order to promote Vietnamese culture.

“A female customer just ordered a number of lanterns for her exhibition space in Taiwan,” Thuy added.

Kim Thuy and her husband also plan to organize workshops to teach young people how to craft old-fashioned Vietnamese lanterns.

Khoi Dang Tac Khi’s available lanterns recreated from those used by Vietnamese in the past. Photo: Khoi Dang Tac Khi
Khoi Dang Tac Khi’s available lanterns recreated from those used by Vietnamese in the past. Photo: Khoi Dang Tac Khi

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Filed Under: Uncategorized Vietnam Life - Ho Chi Minh City couple bring traditional lantern to global audience, TTNTAG, financial advisor ho chi minh city, sunrise sunset ho chi minh city, ho chi minh city area, ho chi minh city accommodation, ho chi minh city airport departures, ho chi minh city air quality, ho chi minh city airport hotel, ho chi minh city airbnb, ho chi minh city airport transfer, ho chi minh city activities

Hmd Global: HMD Global Appoints Tanuj Patro as chief financial officer for India & Asia Pacific markets

September 28, 2023 by www.gadgetsnow.com Leave a Comment

HMD Global, the company which holds the license to manufacture Nokia branded smartphones has announced the appointment of Tanuj Patro as its Chief Financial Officer (CFO) of the company.

As Chief Financial Officer, Tanuj Patro will oversee HMD Global’s financial operations For India & APAC markets, working closely with the leadership team to drive financial performance, operational efficiency , and support the company’s mission of connecting people through advanced mobile technology.

Also Read: Companies and people on the list of H-1B debarred/disqualified employers

Tanuj Patro, CFO, India & APAC, HMD Global, “I am truly honoured and excited to step into the role of Chief Financial Officer at HMD Global.” I am committed to fostering an environment of collaboration and inclusivity, where diverse perspectives drive our financial strategies to new heights. I am also excited to collaborate with the talented team at HMD Global. Together, we will navigate the dynamic landscape of the mobile technology industry, ensuring financial excellence and sustainable growth.

Ravi Kunwar, VP- India & APAC, HMD Global, “We are thrilled to welcome Tanuj Patro as our new CFO.” Tanuj’s deep financial expertise and strategic mindset align seamlessly with our vision for growth. As we continue to innovate and expand our presence in the global market, Tanuj’s insights will be instrumental in shaping our financial strategies and ensuring sustained success. HMD Global recent move into launching its own line of mobile devices will greatly benefit from Tanuj’s financial acumen, ensuring efficient operations and a commitment to a greener, sustainable future.

Also Read: 25 years of Google: 18 birthday doodles

Follow Gadgets Now on Facebook and Twitter .   For the latest news , tech news ,   breaking news headlines and live updates checkout Gadgetsnow.com

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New York stays top financial centre, London clings to second place: Global Financial Centres index

September 29, 2023 by economictimes.indiatimes.com Leave a Comment

Synopsis

New York, in the top spot since deposing London in September 2018, remains well in the lead with 763 points based on surveys of 147 factors covering 121 centres provided by third parties, including the World Bank, OECD, and the United Nations.

London: New York has easily remained the world’s top financial centre with London still second and gaining some ground, but also facing a tougher fight with Singapore and Hong Kong , the Global Financial Centres index showed on Thursday.

New York, in the top spot since deposing London in September 2018, remains well in the lead with 763 points based on surveys of 147 factors covering 121 centres provided by third parties, including the World Bank , OECD, and the United Nations.

London closed the gap with New York slightly, coming in at 744 points, which is likely to trigger relief there given worries over post-Brexit competitiveness after high-profile companies such as UK chip designer Arm Holdings decided to list in New York. Singapore, however, is now only 2 points behind London at 742, itself only a point ahead of Hong Kong in fourth place, signalling an intensifying battle for the second spot.

The index is compiled every six months by London-based think tank Z/Yen and the China Development Institute.

“U.S. centres performed well, with five U.S. centres in the top 10, reflecting the strength of the U.S. economy,” the survey said, adding that New York retained its lead in separate fintech rankings, followed by London which overtook San Francisco.

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Pakistan rupee set to become top performing currency globally

September 28, 2023 by economictimes.indiatimes.com Leave a Comment

Synopsis

The rupee surged almost 6% in September, a remarkable feat as most currencies including the Thai baht and South Korean won tumbled against the dollar on speculation US interest-rates will stay elevated for longer. The currency rose 0.1% to 287.95 per dollar on Thursday, after sliding to a record-low of about 307 this month. Pakistan’s currency market is closed for a public holiday on Friday.

Pakistan’s rupee is set to become the top performer globally this month as government crackdown on the illegal dollar trade helped reversed its fortunes.

The rupee surged almost 6% in September, a remarkable feat as most currencies including the Thai baht and South Korean won tumbled against the dollar on speculation US interest-rates will stay elevated for longer. The currency rose 0.1% to 287.95 per dollar on Thursday, after sliding to a record-low of about 307 this month. Pakistan’s currency market is closed for a public holiday on Friday.

“Many leakages were happening through illegal channels of hawala and hundi trade from the open market,” said Khurram Schehzad, chief executive officer of Alpha Beta Core Solutions Pvt. Ltd., a financial consultancy in Karachi. Hawala and hundi are an informal system of fund transfer common in South Asia.

“When the dollar rate reverses everybody, the hoarders, the exporters who are holding their export proceeds, start selling their dollars,” Schehzad said.

Pakistan’s government intensified efforts by running after people involved in the illegal dollar trade that helped the currency. The Federal Investigation Agency raided offices across the country, while security officials in plainclothes were deployed at money exchanges to monitor dollar sales. Prime Minister Anwaar-ul-Haq Kakar this week said the rupee’s gain is “fostering optimism for stability.”

The central bank also raised the capital requirements of smaller exchange companies and ordered large banks to open their own exchange companies to make the retail foreign-exchange market more transparent and easier to monitor.

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