Entering 2023, Microsoft and Google announced global lay-offs of 10,000 and 12,000 employees, respectively. IBM laid off nearly 4,000 members, while Spotify cut about 6 per cent of staff. Since November last year, Meta, Amazon, and HP have also adjusted thousands of positions. Tech lay-off wave continues to bite at Vietnam’s heels, Illustration photo/ Source: freepik.com In Southeast Asia, Shopee parent company Sea Group, Crypto.com, e-commerce platform JD.ID, and GoTo – a merger between ride-hailer Gojek and e-commerce platform Tokopedia – are among the companies that experienced a drastic staff cut in the past year. GoTo in November 2022 cut 1,300 jobs, equivalent to 12 per cent of the number of employees, while Sea Group let go of 7,000 employees in the past six months. Both companies cited a common cause being challenging macroeconomic conditions. Industry insiders in Vietnam are generally wary of the effect this laid-off wave might have on the domestic market. … [Read more...] about Tech lay-off wave continues to bite at Vietnam’s heels
Candidate experience model
VinFast chooses US Bank as preferred provider of vehicle financing
A VinFast VF8 model on the road in the US. — Photo courtesy of the company VinFast on Monday announced US Bank has been chosen as its preferred provider of retail financing and leasing of VinFast vehicles in the United States. US Bank is a trusted lender for vehicle finance and leasing, serving millions of customers through consumer and business banking, payment services, corporate and commercial banking and wealth management and investment services. Under the partnership, US Bank will officially provide financing and leasing solutions for VinFast vehicles at VinFast showrooms and via the VinFast website. “With the goal to make electric vehicles accessible to everyone, VinFast is constantly looking for optimal solutions for customers. Thanks to this agreement, VinFast customers will have access to competitive finance and lease rates and world-class customer service from US Bank,” said Le Thi Thu Thuy, Vingroup Vice Chairwoman and CEO of VinFast Holdings. “Many Americans … [Read more...] about VinFast chooses US Bank as preferred provider of vehicle financing
Military art developed during Road 9 – Khe Sanh Campaign
This was a key battle taking place on February 6 and 7, 1968, in the first phase of the campaign, leaving valuable experience in military art, especially in choosing right targets and flexibly using combined-arms strength. Vay Village is 8km west of Huong Hoa district. This was a strong point in the enemy’s defensive system of Road 9 - Khe Sanh, with the aim of protecting their Ta Con base. The base was built on two heights, No.320 and No.420, about 2km from the old Vay Village base (which was destroyed in May 1967), and was occupied by a commando and spy battalion of the Saigon regime. Namely, the No.420 was the outpost managed by a scout platoon. Meanwhile, the No.320 - the main stronghold - consisted of six zones with 21 blockhouses and a number of shelters, underground bunkers, connected together by trenches, as well as barbwire fences and various minefields. The enemy’s force had four reconnaissance companies, an American platoon, and was equipped with a large amount of heavy … [Read more...] about Military art developed during Road 9 – Khe Sanh Campaign
Committed to empowering a brighter future
ASEAN countries like Vietnam are not spared from the impact of climate change. Rapid economic development also means increasing demand for energy and power to meet the pace of growth, which leads to an increase in CO2 emissions. The journey to a cleaner future Takeshi Masuyama, Managing director, regional head of Vietnam, MUFG Bank, Ltd. The Vietnamese government has announced in various international forums its commitment to address environmental issues, and has firmed up its national net-zero target. In addition, the announcement of the Vietnam Just Energy Transition Partnership (JETP) in last December is another milestone and will further rally the private and public sectors towards accelerating the country’s green transition. MUFG is part of the working group convened by the Glasgow Financial Alliance for Net Zero (GFANZ) supporting the JETP initiative for Vietnam. The sustainability mission Since announcing our Carbon Neutrality Declaration in 2021, MUFG … [Read more...] about Committed to empowering a brighter future