Irish jobs public sector

That was my American friend's conclusion after several years working in Vietnam, as he calls it "a strange country." Although what he said might be exaggerated, I cannot help but sympathize with his opinion, especially the latter half. I have worked frequently with governmental administration at the provincial level. Public workers in Vietnam find the need to "seek approval" for anything outside of textbook norms, which is more than half the cases they work on. After so many years spent waiting for such approvals, I usually take matters into my own hands, doing extra research on my own to suggest similar precedents in other provinces to whichever I am working on, just so that these public workers can simply get their approvals without having to do the mental labor. But in the last few years, even this strategy no longer seems to work. "Now, we cannot do that anymore. Even when there are precedents, the other provinces might be doing things incorrectly. We never know," a public … [Read more...] about Corporates will drown if public sector fails to think outside the box

A bank teller counts cash. Liquidity and interest rates in the banking system have eased in recent weeks. — VNA/VNS Photo Property-sector risks have made operating conditions more difficult for banks in Viet Nam in the short term, but the liquidity crunch is easing and the banking system is likely to avert a sharp slowdown due to the concerted response of policymakers and banks, says Fitch Ratings. In a report released last week, the rating agency said headwinds may persist into the second half of 2023 and banks' financial performance is likely to diverge according to the strengths of their funding franchises and appetite for risk, but long-term fundamentals and business prospects for the sector remain positive. Liquidity and interest rates in the banking system have eased in recent weeks, although loan growth remains relatively subdued and was at a decade-low in April 2023. Narrow spreads between Vietnamese dong and US dollar market interest rates limit the extent by which … [Read more...] about Viet Nam’s banking sector liquidity crunch eases

A bank teller counts cash. (Photo: VNA) Hanoi (VNS/VNA) - Property-sector risks have made operating conditions more difficult for banks in Vietnam in the short term, but the liquidity crunch is easing and the banking system is likely to avert a sharp slowdown due to the concerted response of policymakers and banks, says Fitch Ratings . In a report released last week, the rating agency said headwinds may persist into the second half of 2023 and banks' financial performance is likely to diverge according to the strengths of their funding franchises and appetite for risk, but long-term fundamentals and business prospects for the sector remain positive. Liquidity and interest rates in the banking system have eased in recent weeks, although loan growth remains relatively subdued and was at a decade-low in April 2023. Narrow spreads between Vietnamese dong and US dollar market interest rates limit the extent by which policymakers can reduce banks' funding costs … [Read more...] about Vietnam’s banking sector liquidity crunch eases

Statistics from the five major listed seafood firms, Vinh Hoan Corporation (VHC), Nam Viet JSC (ANV), International Development and Investment JSC (IDI), Minh Phu Seafood Corporation (MPC), and Sao Ta Foods JSC (FMC), show that in the first quarter of this year these firms saw 23.4 per cent drop in revenue, and an 80.4 per cent plunge in profit, on average compared to Q1/2022. MPC, Vietnam’s largest shrimp producer, saw its revenue drop by almost half last quarter to $92.28 million, and after-tax losses of $4.27 million, compared to a $3.96 million profit for the same period last year. This is the first quarter that MPC has reported a loss since the company went public in 2017. Vietnam’s largest exporter of basa fish, VHC, posted $96.5 million in revenue, down 32 per cent on-year, and a $9.5 million profit, a dip of 60 per cent, with the gross profit margin ratio falling sharply from 23.8 per cent to 17.3 per cent. Seafood exporters are under mounting pressure in the … [Read more...] about Seafood sector feeling the bite amid high inflation

Since last October, Pham Manh Hung has been struggling to feed his five-member family. Hung has been forced into a reduction of working hours, while his wife last worked for an apparel company in Hanoi almost a year ago. For most of 2022, all 1,500 workers at Hung’s company in Hanoi’s Quang Minh Industrial Park (IP), producing furniture products exported to Europe and Japan, operated at full speed with many export orders coming from foreign partners. Prolonged economic difficulties will inevitably mean that some people will be squeezed out of work, photo Le Toan “However, over the past seven months, the company has landed only several orders. So its leadership has been seeking more markets for its products in order to create employment and retain workers,” Hung said. “They don’t want to let go of workers and instead reduce the working hours by two hours a day.” Meanwhile, his wife, Nguyen Thi Mo, had been working for a Japanese firm in the capital’s Thang Long IP … [Read more...] about Nation braced for dim job prospects

Illustrative image. (Photo: haiquanonline.vn) Hanoi – Occupations relating to information technology, high-tech and supporting industries are employment groups with high recruitment demand, experts have said. Tran Anh Tuan, Vice Chairman of Ho Chi Minh City Vocational Education Association, said the Fourth Industrial Revolution has fueled the expansion of labour market and professions, adding that engineering technology is the most in-demand job of the future, accounting for 35 per cent of the country’s total demand. Fields such as automation, automotive technology, electronics, graphic and industrial design and environmental technology are attracting a lot of employees, he was quoted by Hai Quan (Customs) newspaper as saying. Information technology, business administration and finance are much sought-after recruits, he said, elaborating logistics and supply chain, e-commerce, digital marketing, multimedia, finance and banking are transforming towards digital technology so … [Read more...] about IT among most needed jobs in Vietnam: Experts

Nguyen Xuan Son - Operations manager of Staffing and Outsourcing ManpowerGroup Vietnam According to the results of the Labour Employment Survey in the first quarter of 2019 by the General Statistics Office, the foreign direct investment (FDI) sector had been creating jobs for around 3.8 million workers, accounting for over 7 per cent of the total labour force (over 54 million employees) and over 15 per cent of the total wage labourers (25.3 million people) in Vietnam. In addition to creating direct jobs, the sector also indirectly created jobs for many workers in supporting industries or other businesses in the supply chain for foreign-invested enterprises (FIEs). The average salary of employees working in FIEs is often higher than in the state sector or non-state sector. Specifically, before the pandemic, the average salary of workers in the FDI sector was $350 per month. Meanwhile, workers in the state sector had an average salary of $328/month and for the non-state sector … [Read more...] about The impressive changes in Vietnamese labour market

A corner of Hanoi (Photo: VNA) Hanoi (VNA) - Hanoi stands ready to coordinate with the Ministry of Science and Technology to pilot policies on innovation and science and technology development, thus turning the capital city into a hub of science, technology and innovation in the country, Vice Secretary of the municipal Party Committee Nguyen Van Phong has stated. According to Phong, the 17th-tenure municipal Party Committee's Programme 07-CTr/TU on promoting the development of science, technology, and innovation in the city during the 2021-2025 period has contributed to creating a positive transformation from awareness to action among agencies and sectors for science and technology issues. Scientific and technological research activities under the programme are increasingly aligned with the real demand and requirements of various industries and businesses, contributing to serving production and business development and promoting socio-economic growth in the capital city, he … [Read more...] about Hanoi aims to be national hub of technology transfer, development

While line erectors – professional engineers charged with erecting, maintaining, and repairing powerlines – are typically assisted by helicopters, in Vietnam these unsung heroes have spent the past decade relying on a considerably more modest means of traversing kilometers of powerlines – a modified bicycle. Nguyen Tri Hieu, a 55-year-old accomplished line erector, also known as a lineman, spends his days leading a power line repair team in the central province of Quang Ngai, moving from one power line to another with the help of a modified bicycle attached to the suspended cables. While passers-by are often surprised to see Hieu and his team using such a unique contraption, many fail to realize that it is actually a uniquely Vietnamese invention. Helping colleagues A typical morning for Hieu begins behind a computer in his office in Nghia Chanh District, Quang Ngai City, poring over reports from on-site inspections of 220kV power lines conducted by his team. These reports … [Read more...] about Vietnamese inventor changes powerline repair industry

Illustrative image (Source: AFP/VNA) Jakarta (VNA) – Indonesia is formulating a new legal basis for domestic product spending in the form of Public Goods and Services Draft Bill (RUU), the country’s Maritime Affairs and Investments Coordinating Minister Luhut Pandjaitan has said. public spending on domestic products exceeded the expected target. As of October 5, domestic sales have reached 487 trillion rupiah (31.9 billion USD) out of a total of 950,000 billion rupiah committed, exceeding the government's target of 400 trillion rupiah. President Joko Widodo urged central ministries and local governments to increase public spending on domestic products Indonesia n government has launched a movement “Proud of Indonesian-made Products” movement (Gernas BBI) with the aim of promoting the national economy, including guiding ministries, sectors, localities and state-owned enterprises to prioritise using domestic products. VNA … [Read more...] about Indonesia strives to push up domestic product spending