PYN: New Hope for Vietnam

“It’s been an unexpected and very peculiar year in Vietnam. In 2022 the stock market of Asia’s fastest-growing, most competitive, and the least-indebted country faced a total crash. In a year of excellent earnings growth, the Vietnam stock market has plummeted 40%, while at the same time the ASEAN markets witnessed declines of only a few percent.

The reasoning for the slump in Vietnam is exceptional. The financial regulators decided to go ahead with the disciplinary measures this year when the investors already were on shaky ground due to global uncertainties. We do agree that the administration’s measures are welcome and justified. These actions are targeted at a group of few, that includes a lawyer who is a well-known manipulator of the stocks of his companies for years and some real estate companies that have been guilty of shady land deals and unethical practices in marketing corporate bonds.

Unfortunately, these discipline measures have created collateral damage, and retail investors’ confidence in the bond market has dropped to the bottom. The corporate bond market liquidity has been frozen, and lots of stocks have faced forced sales while being used as collateral for the bonds. Uncertainty in the market also pushed Vietnamese businesses to convert sizeable amounts of the local currency for US dollars, causing a flash devaluation of the dong.

The Vietnamese authorities are well aware of all the negative side effects of the discipline measures, and last week a list of actions to restore confidence in the financial markets became public. There is new hope for the better, and there is a good reason to believe that Vietnam’s Index will be heading higher in the next 12 months.

On the other hand, the Vietnamese administration will continue to try to maintain law and order in the financial markets, and there will certainly be no amnesty for those who acted unethically. Let’s keep in mind also that the Vietnamese administration has very consistently for a couple of decades aligned its key policies towards pro-business. Vietnamese administrators are able to correct these self-inflicted wounds so that the problems do not reach Vietnam’s extensive business sectors, which are the basis of healthy growth.

The Vietnamese government is targeting +6.5 percent GDP growth for 2023. Our take is that likely near-term weakness of EU and US demand will take its toll on Asian exports to these markets. Our estimate for Vietnam’s GDP growth in 2023 is slightly lower, +5.5 percent.”

(Peta’s Blog)

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Peta’s Blog is Petri Deryng’s and PYN Elite’s news site that keeps us updated on the latest in Southeast Asia.

PYN Elite is a successful Finnish equity fund and one of the main sponsors of the upcoming TFCC30 Gala that takes place on 3 December at Sofitel Sukhumvit Hotel. PYN has been one of the most loyal supporters of TFCC throughout the years.

You’ll find more information HERE.

 

 

Video: The Story of Valmet

Valmet Co., Ltd. is one of the TFCC30 Gala Dinner’s main sponsors. Valmet is also one of TFCC’s most loyal members.

The following video, The Story of Valmet, tells about Valmet’s 220 years of industrial history linked with events that occurred. It describes the insights and solutions that modern-day Valmet has been built on. But it’s also a story of a Finnish market leader.

 

Biokia Stands for Quality and Sustainability

The clean forests of northern Finland are ideal for growing berries: clean and bright, untouched, and free of pesticides. Nordic berries are an authentic superfood rich in nutrients and flavor.

In berries, all vitamins, flavonoids, trace elements, and dietary fiber are in natural form. Berries are an easy and delicious way to eat healthily and boost your wellbeing.

Biokia’s berries are handpicked to ensure the highest quality and sustainability of the forests. In addition to local berry pickers, hundreds of foreign berry pickers, including Thais, are also invited to come and pick berries during the season every year.

We take responsibility for paying a reasonable salary for our berry pickers. All our operations comply with the ISO 26000 Guidance on Social Responsibility.

Biokia’s products are now available also in Thailand.  Please find more information about the products and their distribution HERE.

Tutor e Institute Brings Digital Training to Asia

Tutor e Institute from Finland develops high-class e-learning in practice-oriented training and further training. Our mission is to make the world a better, safer, and cleaner place to live. Tutor e Institute digital training gives all the people skills and competence to succeed in life and know how to act.

Our target markets are in Asia and Africa, where experience and know-how are the keys to future success and our expanding digital course portfolio offers training for a diversified audience of professionals and aspirants.

We value practical skills, lifelong learning, quality of training, and high educational standards. We are a reliable partner for industries and educational institutions worldwide. With our digital e-Learning concepts, we offer solutions at the vocational level accompanying people during their lifelong learning process. Schools, colleges, universities, small and medium-sized companies as well as corporations are the users of our digital courses.

In developing our digital courses, we work closely with well-known international partners from industry and academia. In order to create innovative digital courses, we combine our didactic knowledge with the technical expertise of our industrial partners. The goal is to bring trainees, young or adult, learning experiences online with the latest technology and quality content in an entertaining way, thus giving them the best possible education.

Tutor e Institute’s digital portfolio includes a Career Awareness course with behavioral analyses, versatile courses in food safety and personal prosperity as well as courses in sustainability and circular economy.

Tutor e Institute is a member of Education Finland’s governmental education export program, which is governed by the Finnish National Agency for Education.

For more information please visit our website: https://tutoreinstitute.com/

 

Outi Suojanen

CEO, Tutor e Institute

HEI Way Finds Bangkok

HEI Schools is an award-winning international kindergarten from Finland that has consistently been ranked at the top of the World’s Best Education Charts.

The University of Helsinki, the school’s co-founder, is a part of HEI’s daily working team, constantly striving to research, plan, and innovate for a successful implementation of the Finnish early education system.

 

 

HEI Schools has been recognized through the Vuoden Huiput Grand Prix, Best Service & Product Award (2018), the Fast Company World Changing Ideas Award (2019), and the Hundred Innovation Awards (2019 and 2020).

Now, the HEI Schools concept has found its way also to central Bangkok, where a brand new campus opened in November 2021.

 

 

Contact:

HEI Schools Bangkok

Sukhumvit 36, Klongton Nua, Wattana, Bangkok

+6682-002-5555

 

KIS Celebrates Strong Results

The International Baccalaureate Diploma Programme is respected around the world as one of the most rigorous high school diploma programs. Students select six IB courses at the end of 10th grade and work tirelessly for two years to sit the exams.

KIS International School’s graduating class of 2022 was challenged to handle this trying curriculum entirely during the pandemic. They began their IBDP courses in August 2020 and spent most of the following two years online or in a hybrid model of instruction.

As a result, forty percent of the graduating class undertook the additional challenge of a bilingual diploma, and forty percent also achieved a score of 35 or higher.

 

 

KIS’s IBDP average score of 33 continues to be above the worldwide average of 32, with an overall pass rate of nearly 90%. They leave KIS with the lifelong skills that the IB curriculum instills: principled, caring, and knowledgeable risk-takers ready to improve the world.

 

 

The students have been expertly guided by our faculty to develop skills in such areas as thinking critically and creatively, problem-solving, reflecting, communicating, social skills, collaboration, self-management, self-motivation, resilience, emotional management, time management, research, and information literacy. These skills allow the students to continue learning throughout their lives and to have what it takes to be the innovators of the future.

Thanks to the outstanding results, the students have been accepted at top universities around the world.

 

About KIS International School

KIS International School is known for its dynamic curriculum and passionate educators that guides students toward thinking for themselves and taking control of their learning. Students develop skills to help them become global leaders that can transform the world into one that is more compassionate, sustainable, and prosperous.

As the only school in Bangkok now offering all four IB programs, KIS is proud of its holistic educational approach to learning.

Information: [email protected] & www.kis.ac.th

Lappset Expands in Chiang Mai and Phuket

Lappset’s Castle Opening Soon at Ohkajhu in Chiang Mai

 
Ohkajhu is an organic food restaurant chain in Thailand who came to us with a fascinating new project of creating an outdoor play area for their original branch in Sansai, Chiang Mai. We were honored to be a part of this project to celebrate Ohkajhu’s success story, as they have expanded all over the country and brought healthy food to a new level in Thailand, and to introduce a new Lappset playground from Finland to Chiang Mai. 
 
We worked closely with the client and decided on a castle theme with neutral tone which complemented the greenery of the area. 
 
The playground is expected to be open in June 2022 at Ohkajhu Sansai Branch, Chiang Mai  (410 Moo 2 Chiang Mai Outer Ring Rd, Nong Chom, San Sai District, Chiang Mai 50210).
 
 

Thailand’s First Halo Cubic Now Open at Hyatt Regency Phuket

 
Halo Cubic by Lappset Finland is a modern treehouse that is both unique and playful. It is a perfect fit for Hyatt Regency Phuket Resort ’s new kids club area. The tall structure has been modified to perfectly fit the outdoor extension of the newly renovated kid’s club at the hotel. With various play functions in the three cubes and two massive slides, children and adults experience fun and excitement through exploring this 8-m high tower.  
 
Visit Thailand’s first Halo Cubic at the newly renovated Hyatt Regency Phuket Resort in Kamala Beach, Phuket (16/12 Moo 6 Kamala, Amphur Kathu, Phuket 83150). 

SEAC Launches Finnish Education Initiative in 12 Thai Schools

The South East Asia Center (SEAC) has launched an education initiative based on the Finnish model in 12 Thai schools, while trying to inspire widespread educational reform across the region.

The community-based, educational and social service organization announced its cooperation with Code School Finland. Aringya Thaloengsri, SEAC chief capability officer and managing director, says it had been carefully selected from 94 institutions around the world.

“With the strength of Finnish education, and this coding school’s reputation for a world-leading education model, I believe that the partnership can only help to improve and develop Thai educational standards, so our children have every opportunity to grow up to be quality adults and be prepared in every dimension for the working world.”

The curriculum not only focuses on hard skills such as coding, AI or robotics but also the soft skills such as learning techniques, critical thinking, creativity, collaboration, communication, business skills and user-centric ideas.

Jyri Järviaho, Finnish ambassador to Thailand, says this is a positive and timely step with education in its current state of flux.

“Finland has a long tradition of investing and developing its education system.”

In the Worldwide Education for the Future Index, Finland ranks number one.

You can read the full article by clicking HERE.

 

Songkran – The True Thai New Year

Songkran is the traditional Thai New Year. It is a celebration that embraces goodwill, love, compassion. and thankfulness, using water as the means of expression. The word Songkran derives from Sanskrit and means to move or step forward.

Songkran takes place when the sun moves from Pisces into Aries. It falls on 13-15 of April every year, marking the New Year, according to the Brahmin solar system.

The first Songkran day is known as Maha Songkran or the grand Songkran. 13 April is also declared the Day of the Senior or Elderly by the Thai government.

14 April is designated as Family Day to celebrate family love and togetherness.

15 April is the Thai New Year’s Day and it’s also the final day of Songkran celebrations in many parts of the country. Offerings are left at temples on this day to ring in the New Year, with plenty of other events also taking place.

The Thai government has declared Songkran festival as extended public holidays to enable the people to return to their hometown for family reunions, merit-making and reuniting with others in their community.

For the the do’s and don’ts during the Songkran Festival, please click HERE.

 

 

“Mien Made” Empowers Those in Need

Bangkok Patana School’s “Mien Made – Equity Partnership Programme” is a student-led project that helps preserve the Mien culture, providing the residents of rural Phayao a more sustainable future.
 
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