High in demand

How has 5G been piloted in Vietnam so far, and is the nation ready for commercialisation in 2023? Up to now, 5G in Vietnam is still in a trial process by Viettel, VNPT, and Mobifone in more than 40 cities and provinces. They are testing different frequency bands from low to mid-band and mmWave band. From the user side, the first experience of mobile broadband speed, is not too impressive for users because the current 4G speed is meeting the current needs of users in watching movies and television and so on, so the speeds of a few hundred Mb/s or even Gb/s that 5G brings is not a mass market requirement. Nguyen Phong Nha, deputy general director of the Ministry of Information and Communications’ Authority of Telecommunications For high-density or low-latency user cases, there have been no tests with impressive results and no clear demand from users. This is a reality not only in Vietnam but also in other countries when deploying 5G. The ability to provide … [Read more...] about Supporting policies needed to fast-track 5G commercialisation

The Vietnamese rice industry is set to benefit from the high demand and prices this year, with lower input costs leading to expanded profit margins for rice businesses. A rice field in Vi Thuy district in the Mekong Delta province of Hau Giang. Vietnam will benefit from the upward trend in rice prices due to limited supply. (Photo: VNA) According to an expert from Vietnam Securities Company Limited Bank for Foreign Trade (VCBS), the country's rice industry enjoys favourable factors, such as weather and geographical advantage. The prolonged drought in China has caused a decrease in the country's output for the 2021-2022 crop, leading to an anticipated six million tonne increase in rice imports for the 2022-23 crop. Meanwhile, inventories in the Philippines have declined due to typhoons and high fertiliser costs, leading to increased rice imports. The cultivated area in India has also dropped due to drought, making the decrease in supply - the main factor for … [Read more...] about 2023 set to be favourable for Vietnamese rice enterprises

Hanoi set a goal of creating new jobs for 162,000 workers this year. Hanoi has found jobs for more than 44,000 people in the first quarter of 2023, accounting for 27.5% of the year's plan, according to the city's Department of Labor, Invalids and Social Affairs. The job transaction event is held in Hoan Kiem District. Photo: Tran Oanh/ The Hanoi Times The result was attributed to applying the city's labor market development solutions. During the period, the city provided jobs for more than 10,000 workers from the city’s fund entrusted through the Vietnam Bank for Social Policies. As many as 728 were sent abroad under fixed-term contracts, and 3,443 people were recruited through the job exchange system, the municipal department added. More than 12,600 people found jobs through job counseling and placement services, and another 232 received vocational training courses worth VND1.02 billion (US$43,297). In addition, the unemployment insurance fund paid out a … [Read more...] about Over 44,000 jobs created in Hanoi in January-March

Industries with high demand for green jobs in Vietnam. (Infographic courtesy of ManpowerGroup Vietnam) HCM City (VNS/VNA) - Vietnam is heading toward green growth with various industries involved, generating great demand for green jobs and green skills in the labour market, according to the recruitment, staffing and outsourcing company ManpowerGroup Vietnam. Since 2022, ManpowerGroup Vietnam has helped employers find talent for hundreds of green jobs in both full-time and staffing positions. So far, the highest demand for green jobs is from the manufacturing (48%), energy (34%), agriculture (11%), and technology (4%) sectors, among others. Andree Mangels, General Manager at ManpowerGroup Vietnam , said, “from our recruitment and staffing experience, we see that more and more companies have placed significance on ‘green’ practices in their operation, especially in talent acquisition. We have been actively partnering with both local and multinational corporations nationwide … [Read more...] about Green jobs needed in various industries: ManpowerGroup

With the new facility, FPT Software is the first Vietnamese IT company to open an office in the Korean market, pinning high hopes on strengthening the company’s presence there and becoming a world-class, billion-dollar company. FPT chairman Truong Gia Binh spoke at the opening ceremony Addressing the opening ceremony, FPT Corporation chairman Truong Gia Binh said, "Our business philosophy is to stay closer to our customers, which could let us reach and serve our customers better. FPT will continuously open new offices around the world. FPT Software's second office in Korea helps us expand our global network further and strengthens our ability to connect and accompany customers despite time and geography." According to FPT Software Korea CEO Ha Minh Tuan, the new office is expected to address the shortage of IT talent in the country. “We also see strong demand for technology solutions such as AUTOSAR, IVI, SAP, low-code, managed services, and digital transformation. … [Read more...] about FPT Software opens new office in South Korea

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Commercial banks that underwrite and sell corporate bonds have to buy them back if investors so demand, the central bank has said. It followed a meeting with voters (members of the public) the State Bank of Vietnam (SBV) held in Ho Chi Minh City amid the ongoing bond market troubles. Besides asking for underwriting banks to take responsibility for redeeming bonds, the voters also urged the SBV to tighten inspection of credit institutions to ensure they comply with regulations while investing in bonds. The SBV recently raided 11 banks and fined a number of them for violating regulations related to bond purchases. Under current regulations, banks must have an internal credit rating system and can only buy bonds if their bad debts ratio is below 3%. For bonds sold in the domestic market, when issuers cannot pay in full and on time the bond principal and interest, they must negotiate with bondholders for extending the term … [Read more...] about Banks underwriting bonds should buy back bonds: Central bank

International visitors come to Vietnam for tourism purposes, market surveys, and investment. They not only bring about revenue and profit for the aviation and tourism industries, but also are an important factor for economic recovery and development across the country. Bui Doan Ne - Deputy chairman, Vietnam Aviation Business Association With over 70 per cent of international visitors to Vietnam arriving by air, resuming international flight routes promptly will support aviation and tourism, enabling them to recover soon and increase their competitiveness. These are dynamic industries that contribute significantly to the country’s GDP growth and economic development. International tourism to Vietnam has recovered slowly compared to other regional countries due to tight regulations in other countries, particularly China. The conflict in Ukraine has increased fuel costs and travel restrictions to European markets. Difficult economic conditions have also affected … [Read more...] about More welcoming policies will rejuvenate tourism chances

Cambodian Prime Minister Samdech Techo Hun Sen (R) and his Malaysian counterpart Anwar bin Ibrahim (Photo: VNA) Phnom Penh (VNA) – Cambodia n Prime Minister Samdech Techo Hun Sen and his Malaysian counterpart Anwar bin Ibrahim held talks in Phnom Penh on March 27, during which they agreed to foster the bilateral cooperation across spheres, from trade and investment to education, tourism, energy and people-to-people exchange. Speaking at a joint press conference, Hun Sen said they discussed cooperation in various areas and encouraged both sides to continue exchanging high-level visits more often and at all levels to build closer friendship, to further increase mutual trust and to expand the broader scope of bilateral cooperation. The Cambodian PM said he proposed increasing the purchase of goods to meet each other’s demand, and encouraged Malaysian investors and companies to operate in Cambodia. According to the Cambodian leader, the trade volume between the two … [Read more...] about Cambodia, Malaysia foster cooperation in various fields

. People Link is looking for Vietnamese retail workers who speak Japanese and English. If selected, the workers will be hired and trained by WMH in the necessary retail skills and be fully supported to live and work in Japan. WMH will conduct the necessary procedures before travelling, such as visa applications, job interviews, residence selection, and flight bookings, while the workers undergo a high-level online training course in fashion sales. Upon arrival in Japan, they will be ready to work in Japanese retail under the same conditions as Japanese staff, including salary and insurance. In Japan, with the significant relaxation of border measures and the impact of the yen's depreciation, the number of inbound tourists is rapidly increasing. According to the Japanese National Tourism Organisation, the number of foreign visitors to Japan in January was almost 1.5 million, about 60 per cent for the same period in pre-pandemic 2019. At that time, the demand for visiting … [Read more...] about WMH backs Vietnamese retail talent to work in Japan

Great minds from around the world have a wealth of knowledge and want Vietnam to be a digital pioneer, Photo: Cuong Minh At VIR’s forum on digital transformation on March 21, Do Tien Thinh, deputy director of the Vietnam National Innovation Centre (NIC), said that it is crucial to support innovation and help businesses achieve their emission reduction goals. “While technology groups seek to expand their customer base and provide tech solutions, local businesses require digital transformation and innovation,” Thinh said. “In response, the NIC acts as a mediator, connecting private sector businesses with technology solution providers to provide training for human resources in digital transformation and innovation.” The NIC has already collaborated with the likes of Siemens, Google, and Hitachi to implement innovation support programmes at factories. A very visible area of green digital transformation has been in manufacturing, with factories constantly seeking new approaches … [Read more...] about Greener, faster, smarter digital plans