Hop Lun’s Post

💪 Economic fluctuations could not challenge the business position! Hop Long officially entered the Top 100 Fastest-growing Enterprises in Vietnam with the rank of 92nd (up to 36 places compared to last year). 📌 Good news was just announced by Vietnam Report and VietNamNet within the framework of FAST500*, right after Hop Long's 14th birthday. We are honored to share this happiness and pride with all partners, customers, and associates accompanying Hop Long. Thank you for always trusting and supporting us! *FAST500 recognizes and honors businesses that achieve good business performance, based on the main criterion of compound annual growth rate (CAGR) in revenue. In addition, criteria such as total assets, equity, pre-tax profit, and corporate reputation in the media... are also used as supporting factors. #hoplong #hoplongtech #hoplongecommerce #HopLong #FAST500

I don't remember exactly when it started, but it seems to me that from the very beginning, when the idea to produce and sell beanbags was born, I thought that an English name was needed because we need to think broadly - about export. But somewhere I found "Pušku pušku" and stuck on it, I thought it's an amazing name, perfect for a bean bags, let's take it. Somehow we will manage export, maybe even foreigners will like it. It was kind of youthful - why think too much, let's just do it, we'll see what happens :). So we've been doing it for 15 years, and now the process will be something like "to make heart transplantation" :). Probably about 7 years ago we started seriously considering that it was time to change the brand name because we're struggling with export "Pušku pušku" isn't as attractive to foreigners as another, international name could be. And I remember one short brainstorming session with my former colleague Prakseda Mineikienė, at the time when we started discussing what needs to be done to change the brand name, and after a few minutes I heard from my colleague, "we will throw up of work" or something like that :). So we were considering, analyzing, discussing, talking to partners, listening to customers, maturing and maturing until we finally are ready. Finally, after 7 years :). So yes, it's a big event in our lives - CHANGING THE BRAND NAME! A big event, a big challenge to change everything successfully, do not to lose what we have created and etc :). But at the same time, there is a big potential waiting, which we already were stopping somehow recently "it's a good idea, but let's not do it now, we'll do it when we change the name." So there's a huge list of ideas with huge potential, in an excel sheet :). We're moving towards the change and finally we'll unleash our hands and will come fresh breeze in our activity, and over the next 15 years we'll try to show something truly interesting in our activity on an international level :). I feel happy as if I were starting a new business :). #Slowdown #Beanbags #EnjoyTheMoments #MadeWithPassion #inLithuania

What is Mike Michelini Up To Now - May 19 - 25, 2024 Full week back in the grind, and another full one here - but getting older as I am still recovering from that intense Hong Kong trip! After my son's birthday this coming Saturday, then back on the road to China, Vietnam, and then back to Thailand. 🌟 What is up this week: ✅Loadpipe team aligned, optimizing workflows - Loadpipe protocol is a massive opportunity, and we are lucky to have runway to build the product and the team. Team is so important and we are still optimizing team and seats. ✅Easy China Warehouse transition - we at Shadstone invested in EasyChinaWarehouse, and are merging operations and workflows to integrate shipping services. Justin Lin will be CEO ✅Ecommerce growth - multi channel, more into Canada, team scaling. Hope to get a new brand manager partner for Akitai sorted this week.  ✅Cross Border Summit - Nov 3 -5 , with Canton fair before, and a beach mastermind after - epic things brewing. ✅Prepare for 3 weeks on the road - China May 27- June 5, then Saigon June 5-10, Hanoi June 10-14. Time to establish more operations in these core markets.  #Mikesblog #weekplan #Crossbordersummit

A lot has been made of resilience but I don’t think I truly understood what building resilience meant On stage in Saigon this week a reporter asked me about Dragonfly Asia-Pacific's commitment to Vietnam I was slightly surprised by the question, but on reflection I understood why it was being asked So many foreign companies; distributors, retailers and others, have come and gone. #Vietnam is certainly not for the faint hearted. My answer was that we've been in Vietnam since 2019 and we're still here. We went through 2021, when the market was ravaged by the pandemic and locked down for three months, and today we're bigger and stronger than we've ever been. We're here to stay and we're here together with the brands we partner with as their #distributor for Vietnam. After our event, I reflected on what we've overcome and how we've built #resilience. 🚨 Q1 2020: Going into what should have been our first full year of operations, an investor walked and took with them the legal entity we had established. We started again and established a new one! 🚨 Q1 2021: Our relationship with our sub-distributor was dissolved due to irreconcilable differences in approach. We had to build new relationships with the entire watch market 🚨 Q2/Q3 2021: After building new relationships + a whole new team, the commercial capital of Saigon was locked down for 3 months as part of Covid measures. Our invoicing dropped to zero, yet we maintained a full team on full pay… with not a single pandemic related layoff or pay cut 🚨 Q2 2022: Coming out of lockdown our 'anchor retailer’ and +80% of invoicing decided to exit the fashion watch business and abruptly stopped buying. They then began liquidating tens of thousands of units below cost and destroyed the market for others. 🚨 FY 2022: Our previous sub-distributor continued to supply inventory to local retailers at liquidation prices making it impossible for us to establish new business within the trade 🚨 Q1 2023: The founding partners of Dragonfly Select Brands Vietnam mutually decided to end the partnership and through Dragonfly Asia-Pacific, I took full control of the Vietnam entity. There is SO much more that has happened including local partners walking back massive mutually agreed commitments, changes in local leadership for our Vietnam entity and the difficulties with red tape and irregular requests from customers & authorities. Through it all we stayed the course. We embraced the mantra of putting one foot in front of the other. And we built an unshakable resilience. A resilience that I marvel at and believe will allow us to navigate whatever is thrown at us. This is BUILDING RESILIENCE… It's like a muscle. Resilience can be built and while building it is not easy, damn does it make me proud of all the team who have been with us and continue to be with us on this journey! 💪 🇻🇳 Thuy | Hải Triều | Linh | Thăng | Sa

Exploring a new market always brings a mix of excitement and challenge. The bustling streets, the neon lights, and the vibrant culture - Hong Kong truly is a fusion of the traditional and the modern. As a developer at Vulse, venturing into the Hong Kong market has been an exhilarating experience that has taught me the importance of cultural insights in business expansion. Understanding the local culture, consumer behavior, and market trends is crucial when entering a new region. It's fascinating to see how the blend of Eastern and Western influences shapes the technological needs and preferences of this dynamic city. One thing that stands out in Hong Kong's tech market is the high level of mobile engagement among consumers. This has pushed us at Vulse to think mobile-first when developing and adapting our products for the Hong Kong audience. But it's not just about technology. Relationships and trust go a long way here. I've learned that taking the time to build genuine connections with local partners and customers can make all the difference in establishing our brand's presence. Adapting to the fast-paced lifestyle of Hong Kong has been key, but so has respect for the slower, more deliberate pace of traditional business interactions. Balancing this dichotomy has been both challenging and rewarding. As we continue to grow in the Hong Kong market, I’m excited to immerse myself deeper into its rich culture. Here's to embracing the unique blend of opportunities that Hong Kong offers and to the growth and learning we’ll experience along the way! #CulturalIntelligence #HongKongMarket #BusinessStrategy

Any lovely city in Singapore

We’re making things happen in Europe. Are YOU ready? Global tackle businesses believe in Europe‘s angling market, and our August issue, available now, is proof. Click to read about... ✅ The US giant with new long-term plans for Europe ✅ The Canadian specialist seeking distributors in France & Germany ✅ The Japanese tackle box brand seeking expansion ✅ The Australian lure maker back at a European show after four years ✅ Your new potential hook supplier from.... Egypt ✅ The Texan lure brand burning up across the region ✅ An emerging Finnish lure brand with big ambitions ✅ The software firm from UK that sees huge potential in angling ✅ The retail giant consolidating in Europe ✅ And Rive returning to the market with a big relaunch We’re delighted to be their platform of choice and also to be injecting some much needed positivity into the European market. There are new connections to be made, you just need to know where to look. https://bit.ly/42FlHdx

Always love Loy Krathong, the Thai festival of lights. As well as being an amazing event it has some useful lessons for business: *Resilience*: Like the krathongs that float gracefully on water, businesses must navigate challenges with resilience. *Innovation*: Embrace the spirit of creativity seen in the beautiful krathong designs (and they were all amazing today!) to foster innovation in your business strategies. *Community Engagement*: Just as Loy Krathong brings communities together, businesses thrive by fostering strong connections with their stakeholders - so please get in touch with us Chlaad Research *Letting Go*: The release of krathongs symbolizes letting go of negativity. In business, it's crucial to release outdated practices and embrace change. *Adaptability*: The festival adapts to new technologies, like LED lights on krathongs. Similarly, businesses must adapt to evolving trends to stay relevant. Wishing everyone a prosperous journey in both the festival of lights and the business world! 🌟 #LoyKrathong #BusinessLessons #thailand #insights #marketresearch #cmo #strategicplanning #southeastasia #asean #insightsmrx

If you walked into a 🇻🇳 Vietnamese factory unannounced and no one stopped you from taking pictures, what would you think about that factory? This is exactly what happened to me, a sourcing expert, on my last trip to the north of #Vietnam. I walked in, observed, took a few photos, and left - baffled that no one even questioned my presence. If you're looking to connect with someone who can help you get into #vietnammanufacturingcompanies, then I am your guy. With my experience and knowledge of the industry, I can help you navigate the ins and outs of Vietnamese manufacturing. Let's connect and see how they can help your business grow.

Most of us grew up with YiKoWei Pte Ltd. We share the same birth year. Their traditional kueh and pastries lie in the heartbeat of Singapore’s food scene. I first handled their rebrand 4 years ago. Now, 41 years into the game, something different would enter the fray: A fresh batch of cookies, yet unnamed. The goal was simple: launch these cookies to echo the local sensibility that YiKoWei is known for. Turn them into souvenirs of Singapore. How to shape food as a cultural memento? How to make a new product feel familiar? Go to work. Started with the basics - what’s there to see? First impressions last. To create a uniquely Singaporean identity, we turned to symbolism. The Singapore orchid, with 5 petals in varying colours to represent diverse ethnic communities, reinforces the idea of cultural unity. The tins were launched during National Day as part of goodie packs. Garnered recognition and acceptance pretty quick. Can’t forget about social media. A "Guess the Flavour" contest became an engagement tool, intertwining the intricacies of flavours with the brand's essence, creating lasting connections. Harmony Cookies, with its rich heritage, unique visual storytelling, and engaging launch strategy, carved a distinctive position in the competitive landscape, embodying the spirit of Singapore. Vibrant and full of genuine meaning. A Kaleidoscope of Singaporean Flavours. Have a bite: https://lnkd.in/gGsF8MpX #branddesign #brandawareness #packagingdesign #newproductdevelopment