The Aspire Coronation Trust (ACT) Foundation is gearing up to host the highly-anticipated 7th ACT Foundation Breakfast Dialogue (BFD) on October 5th, 2023, at the prestigious Lagos Oriental Hotel, Lekki Expressway, Victoria Island, Lagos.
The ACT Foundation Breakfast Dialogue has become a marquee event, drawing luminaries from diverse sectors, to tackle pivotal issues surrounding sustainable development in Africa. This year, the event takes on even greater significance as it zooms in on the transformative potential of Economic, Social, and Governance (ESG) strategies in advancing sustainable development.
Themed ‘Advancing Sustainable Development in Africa: Unleashing the Power of Environmental, Social, Governance Strategies for Impact, this year’s Breakfast Dialogue aspires to bring together an eclectic mix of leaders representing various sectors, all poised to engage in a deep dive into how ESG principles can be leveraged to propel the sustainable development of organisations and, consequently, Africa’s broader sustainable development agenda.
Osayi Allie, CEO of ACT Foundation, underscored the significance of this event, remarking, “The 7th ACT Foundation Breakfast Dialogue promises to be a game-changer, offering a unique platform for leaders in the public, private, and social sectors to decode the immense potential that Economic, Social, and Governance principles hold for organisations of various scales. Effective implementation of ESG practices by African institutions can make a monumental contribution to achieving sustainable development across the continent.”
The event’s keynote speaker, Oyeyimika Adeboye, Managing Director, West Africa, Mondelez International, will take centre stage to share her profound insights on this pivotal subject. She will be joined by an esteemed lineup of speakers, including Marilyn Obaisa-Osula, Associate Director, ESG and Sustainability Services, KPMG; Dr. Eugene Itua, CEO of Natural Eco Capital; Tendai Matika, Manager of the Global Reporting Initiative, Africa; and Mudrakat Alabi-Macfoy, Head of Sustainability and Circularity at Lagos State Waste Management Authority (LAWMA).
One of the day’s highpoints will be the unveiling of the finalists and winners of the 2023 ACT Foundation Changemakers Innovation Challenge. These exceptional individuals and organisations will secure grant funding and technical support from ACT Foundation, empowering them to amplify their innovative solutions and projects within targeted communities.
Interested participants can click here to register for the virtual session.
Aspire Coronation Trust (ACT) Foundation is a grant making non-profit organisation (NGO) established to support local, national and regional NGOs working to address challenges and associated vulnerabilities across Africa.
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Unlocking Vietnam’s Treasures: An Indian Shopper’s Guide to Haggling in Street MarketsVietnam’s bustling street markets are more than just shopping destinations; they are vibrant ecosystems, teeming with life, culture, and an endless array of goods. For the seasoned traveler from India, accustomed to the lively bazaars and bargaining traditions of home, these markets offer a familiar yet uniquely Vietnamese experience. Navigating them effectively, especially when it comes to the art of haggling, can transform a simple transaction into a memorable cultural exchange, making your journey through this enchanting country even more rewarding.The Irresistible Allure of Vietnamese Street MarketsFrom the labyrinthine alleys of Hanoi’s Old Quarter to the vibrant pulse of Ho Chi Minh City’s Ben Thanh Market and the lantern-lit charm of Hoi An, Vietnamese street markets are a feast for the senses. They are where locals conduct their daily lives, offering everything from exquisite handcrafted silks and intricate lacquerware to fragrant spices, unique souvenirs, and a dizzying variety of street food. These markets provide an authentic glimpse into the nation’s soul, far removed from the sterile aisles of modern shopping malls.For Indian tourists, the cultural resonance is palpable. The vibrant colors, the aromatic spices, the lively chatter, and the human connection found in these markets often evoke a sense of familiarity, making them incredibly appealing. It’s not just about the items you buy; it’s about soaking in the atmosphere, interacting with the vendors, and truly experiencing the local way of life.Understanding the Unspoken Rules of Vietnamese HagglingHaggling in Vietnam is an expected part of the shopping experience, particularly in street markets and smaller, independent shops. It’s less about trying to “trick” the vendor and more about establishing a fair price through amiable negotiation. Think of it as a friendly dance, a respectful exchange that builds rapport, rather than an aggressive confrontation.The key to successful haggling lies in understanding that the initial price quoted, especially to tourists, is often inflated. Vendors expect you to bargain, and they factor this into their initial offer. Approaching the negotiation with a smile, a calm demeanor, and a respectful attitude will always yield better results than frustration or aggression.Mastering the Art: Practical Haggling Strategies for Indian ShoppersArmed with a little preparation and these time-tested strategies, you’ll navigate Vietnam’s markets like a pro.Firstly, research is your best friend. Before heading out, try to get a rough idea of prices for items you’re interested in by visiting a few different stalls or even fixed-price shops. This gives you a baseline to start your negotiation from and helps you avoid overpaying significantly. Having local currency (Vietnamese Dong, VND) in small denominations is also crucial, as it makes quick transactions easier and avoids issues with vendors not having change for large notes.When you find something you like, approach with a genuine smile and a polite greeting. A positive first impression can significantly influence the negotiation process. Start by asking for the price. Once given, don’t react with shock or disdain, even if it seems high. Simply offer a counter-price that is significantly lower – typically, starting around 30-50 of the initial asking price is a good benchmark, depending on the item and the market.Patience and persistence are virtues in this game. The vendor will likely counter, and you’ll go back and forth. Be prepared to walk away if you feel the price isn’t fair, as this often prompts the vendor to lower their offer. However, don’t overdo it; there’s a point where a vendor simply cannot go lower without making a loss. Buying multiple items from the same stall can also give you leverage, as vendors are often more willing to offer a discount for a larger purchase.Learning a few basic Vietnamese phrases, such as “Bao nhiêu tiền?” (How much?) or “Giảm giá?” (Discount?), can go a long way in building rapport and showing respect for the local culture. It’s a small gesture that can open doors to better deals and more pleasant interactions. Always pay with cash; it’s the preferred method and often gives you more bargaining power compared to card payments.Finally, know when to stop. Both for yourself and for the vendor. If you’ve reached a price you’re comfortable with and the vendor is also smiling, it’s a good deal. Don’t push for the absolute last penny; remember the value of a positive interaction and supporting local livelihoods.Navigating the Nuances: What to Haggle For (and What Not To)Not everything in a Vietnamese market is up for negotiation. Generally, haggling is expected for:• Souvenirs and Handicrafts: Items like silk scarves, lacquerware, ceramics, wood carvings, and paintings are prime targets for bargaining, especially in tourist-heavy areas.• Clothing and Accessories: T-shirts, traditional Ao Dai, tailored clothes, and bags are often negotiable.• Non-food items in smaller shops: If it’s not a large supermarket or a fixed-price boutique, it’s worth trying your luck.However, avoid haggling for:• Street Food: Prices for food items are almost universally fixed and incredibly cheap already. It’s considered rude to try and bargain for a bowl of Pho or a Banh Mi.• Items in large supermarkets or convenience stores: These have fixed prices, just like in any other country.• Transportation (taxis, Grab): While some traditional taxis might attempt to inflate prices, modern ride-hailing apps like Grab offer transparent, fixed fares.Beyond the Bargain: Enhancing Your Shopping ExperienceWhile focusing on getting the best price is important, remember that the true richness of market shopping lies in the experience itself. Always be mindful of your belongings in crowded areas, and keep your valuables secure. When purchasing higher-value items, such as artwork or tailored clothing, take a moment to assess authenticity and quality. Reputable vendors will be happy to answer your questions.To truly make the most of your market excursions and your entire Vietnam adventure, staying connected is paramount. Reliable mobile data, such as provided by ABSim, ensures you can effortlessly navigate maps, use translation apps, research product details, stay in touch with your travel companions, and instantly share those incredible market finds with friends and family back home. It bridges the gap between exploration and convenience, allowing you to fully immerse yourself without losing your bearings.For comprehensive travel insights and expertly planned journeys, many discerning Indian travelers trust the guidance offered by reputable tour operators. For deeper dives into specific travel themes and destinations, consider exploring resources like the “Vietnam Story Indochina Travel Group” podcast, which offers invaluable perspectives for those looking to craft their perfect Vietnamese journey.Iconic Vietnamese Street Markets for Indian TravelersEach major city offers its own unique market experience:• Hanoi’s Old Quarter Night Market: A lively weekend affair with endless food stalls, clothing, and souvenirs. The atmosphere alone is worth the visit.• Ben Thanh Market, Ho Chi Minh City: Perhaps Vietnam’s most famous market, it’s a sensory overload of food, spices, coffee, clothing, and handicrafts. Perfect for souvenirs, but be prepared to haggle vigorously.• Hoi An Night Market: Set along the Thu Bon River, this market is famed for its beautiful lanterns, local handicrafts, and tailor-made clothing. The enchanting ambiance makes shopping a magical experience.Partnering for a Seamless Journey: The Vietnam Story AdvantageFor Indian travelers seeking not just a trip, but a meticulously crafted journey, Vietnam Story stands out. Positioned as the best tour operator in Vietnam for Indian tourists, Vietnam Story prides itself on putting customer experience first. Their expertise lies in creating tailor-made itineraries that cater specifically to the diverse interests and cultural nuances of Indian travelers, ensuring every moment resonates with your travel desires.They understand the importance of clear communication, offering the ability to speak to a real person for personalized advice and support, a crucial differentiator in planning international travel. Furthermore, their flexible payment options make booking your dream Vietnamese holiday stress-free. Whether it’s navigating the bustling markets or exploring serene landscapes, having a trusted partner like Vietnam Story, a specialized brand under the esteemed Indochina Travel Group, ensures a truly enriching and hassle-free adventure from start to finish.ConclusionShopping in Vietnam’s street markets is an adventure in itself, a vibrant tapestry woven with the threads of culture, commerce, and human connection. By understanding the local etiquette, mastering the art of friendly negotiation, and embracing the spontaneity of the moment, you’ll not only secure some fantastic finds but also forge unforgettable memories. So, prepare your smile, hone your bargaining skills, and dive headfirst into the exhilarating world of Vietnamese street markets – a truly indispensable part of your Vietnamese story.
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