The Hanoitimes - Vietnam rushes to prepare manpower in a goal of training 2 million people at vocational schools. The US plan to place tariffs on additional US$300 billion worth of Chinese goods has sparked the relocation of multinational companies from China to Vietnam, and such relocation plans raise the question of what Vietnam acts to accommodate influx of companies in the unpredicted trade conflicts between the world’s largest economies. Textile workers. Illustrative photo The Vietnamese government has a goal of training 2 million people in vocational schools to meet the growing demand for technical skills among multinational companies, according to CNBC. More than 90% of students trained in technical skills, such as welding or making electronics, can get hired, Professor Nguyen Quang Huy told CNBC, adding that it’s very easy to get a job, and a lot of companies need more people. The country’s middle class is growing to reach around 44 million by 2020, and the figure will be more than doubled by 2030. In addition, more than a million people are added to the workforce annually, giving the country a “golden population structure”, according to Singapore-based private holding company Kusto Group. Engineers. Illustrative photo Meanwhile, beneficial firms in Vietnam, mostly apparel and shoe makers, are starting to grow to meet higher requirements. Textile firm TNG Investment & Trading told CNBC that it’s never seen an expansion like this before. Last year, the firm hired 3,000 employees, bringing its total to 15,000. The expansion has required TNG to build an apartment complex to accommodate the additional employees. The company needs to build a home for the people than actually building a factory to retain high-skilled workers for long strategies, according to TNG’s Linh Nguyen. The aforementioned moves are part of preparations for the upcoming demand. In fact, multinational companies are …
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Vietnamese products on show at India’s engineering, technology fair
Among Vietnamese exhibitors, the Rang Dong Light Source & Vacuum Flask JSC showcases fishing lights and vacuum flasks. The THACO Chu Lai Mechanical Complex Co. Ltd introduces products of precision mechanics and automobile and motorbike spare parts. Meanwhile, the Son Ha Group, with about 30 percent of its export revenue coming from India, displays water heaters, water tanks, and stainless steel pipes. The IETF, held biennially since 1975 by the Confederation of Indian Industry, is a leading exhibition for technology, machinery, equipment, electronics, mechanics, and electrical devices. This year’s event features the most advanced machinery and technologies in such areas as environment and water and air pollution control, logistics solutions, metallurgical technology, infrastructure and property construction technology, smart building, automation, and 3D printing and related technologies. Fairs on artificial intelligence, health and medical technology, mobile solutions, and game technology also are also taking place on the sidelines of IETF 2021. Joining major businesses of India are a large number of firms from many countries, including the Netherlands, Germany, Romania, Bulgaria, the Republic of Korea, Malaysia, and Vietnam. The IETF 2021, scheduled to last through March 24, also serves as a platform for specialized conferences and online events for businesses to seek partners and cooperation chances. Source: VNA …
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Government shows urgency in climate change battle
As Vietnam is among the most threatened countries by climate change, the state and people take decisive action, photo Le Toan The government has promulgated Resolution No.06/NQ-CP on the Action Programme on continuing the implementation of Resolution No.24-NQ/TW by the 11th Party Central Committee on active response to climate change, improvement of natural resource management, and environmental protection. The action programme, to be implemented until 2025, lays a foundation for ministries, agencies, and localities to formulate and implement their own plans on responding to climate change while strengthening natural resource management and environmental protection. Under the programme, efforts are to be made to reduce greenhouse gas emissions by 7.3 per cent below the business-as-usual scenario by 2025, and achieve 5-7 per cent in energy conservation out of gross energy consumption. To this end, some key solutions are to be taken. Specifically, the government orders ministries and agencies to formulate and implement sturdy policies on shifting to digital economy, and development and expansion of models on circular economy, green economy, and low-carbon economy. In addition to an increase in state budget in investing into responding to climate change, and managing natural resources and the environment, the government will have a flexible mechanism on allocating the use of natural resources under a market mechanism. Notably, the government will “develop markets for environmental goods and services, the carbon market, public-private partnership models, and green credits and green bonds, as well as mobilise investment capital from non-state sources,” according to Resolution 06. To enable investors, Resolution 06 stressed that a number of related laws will be revised soon, including the Law on Land 2013, the Law on Minerals 2010, and the Law on Efficient Use and Saving Energy, as well as many other related documents. Championing the cause Disaster …
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