Let top students and skilled workers stay to drive economic recovery

With the German labor market's scarcity of highly skilled workers, this is an opportunity for Vietnamese workers to develop their careers in Germany. In order to help young people best prepare to work in Germany, the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam) and Saigontourist Hospitality College (STHC) organized the seminar "Working in Germany" on May 13. The seminar aims to provide information about opportunities, challenges, application process in Germany for foreign workers, the "ProRecognition" and "Hand in Hand for International Talents" projects. In the exciting atmosphere of the seminar, students and alumni learned from the experts of AHK Vietnam information about the German labor market, the requirements of German employers for foreign skilled workers as well as opportunities and challenges for Vietnamese workers. In addition, they also had the opportunity to listen to practical sharing from Khanh and Tien, two former students of … [Read more...] about Sharing information on opportunities for Vietnamese workers to develop their careers in Germany

Female workers at a garment company in Đồng An Industrial Zone in the southern province of Bình Dương. — VNA/VNS Photo Chí Tưởng HÀ NỘI — Further empowering women will help improve Việt Nam's garment and footwear sectors after the COVID-19 crisis, evidence from the ILO’s flagship programme has shown. 'Better Work Việt Nam' worked with the Việt Nam Chamber of Commerce and Industry (VCCI) and was supported by the Australian Government and other donors, to organise a national conference on women’s empowerment during the COVID-19 recovery in Hà Nội on Wednesday, towards a more resilient garment and footwear sectors. Better Work Việt Nam is a unique partnership between the ILO and the International Finance Corporation (IFC), a member of the World Bank Group, with the ultimate goal of improving working conditions and boosting the competitiveness of these key export industries of Việt Nam. Facing the COVID-19 crisis, the programme gave gender a greater priority in recognition of the … [Read more...] about Improved gender equality vital to recovery of garment, footwear industries

Companies that practice gender equality and women empowerment in the workplace, marketplace, and community are believed to gain advantage in competitiveness and sustainable development. Women’s economic empowerment in Vietnam has been promoted through a program funded by the European Union (EU) and the United Nations Entity for Gender Equality and Empowerment of Women (UN Women) for the 2019-2022 period. Le Thanh, Program Manager of the European Union Delegation, speaks at the conference WeEmpowerAsia Journey held in Hanoi on May 10. Photos: UN WOMEN More than 1,500 enterprises in Vietnam have been equipped to improve awareness of women’s empowerment principles in the workplace, marketplace, and community in the past three years in a program funded by the European Union (EU) and United Nations Entity for Gender Equality and Empowerment of Women (UN Women). Approximately 3,300 women-owned enterprises strengthened their capacity to adapt to Covid-19 and the … [Read more...] about EU-funded program promotes women’s economic empowerment in Vietnam

Group photo of ASEAN leaders and US President Joe Biden in front of the White House at the banquet held on May 12, held ahead of the ASEAN-US Special Summit. (Photo: VNA) Washington D.C. (VNA) - The United States and ASEAN countries’ leaders have met for the US-ASEAN Special Summit in Washington on May 12-13. Following is the full text of the statement: ASEAN-U.S. Special Summit 2022, Joint Vision Statement MAY 13, 2022 WE, the Member States of the Association of Southeast Asian Nations (ASEAN) and the United States gather on the occasion of the ASEAN-U.S. Special Summit, the first-ever to be held in Washington, D.C., on 12-13 May 2022. EMPHASIZING the importance of adhering to key principles, shared values and norms enshrined in the Charter of the United Nations, the ASEAN Charter, the Declaration on Zone of Peace, Freedom and Neutrality (ZOPFAN), the Treaty of Amity and Cooperation in Southeast Asia (TAC), the 1982 United Nations Convention on the Law of the Sea … [Read more...] about US-ASEAN ties to be upgraded to Comprehensive Strategic Partnership in November: Statement

The relations would be enhanced through commitments in a wide range of fields, including economic, maritime cooperation, building trust, and people-to-people links. ASEAN member states and the US have reaffirmed their shared commitment to strengthen and build more comprehensive ASEAN-US Dialogue Relations. The declaration was included in a joint vision statement released at the US-ASEAN Special Summit, the first-ever held in Washington, D.C., on May 12-13 with the participation of the US president and leaders of the Association of Southeast Asian Nations (ASEAN) member states. The tightened relations are aimed to promote peace, security, stability, and prosperity in the region and ensure that relations remain adaptable to meet new challenges; and appropriately cooperate in international and regional fora of which ASEAN member states and the US are members. The two sides stressed the importance of creating a peaceful environment for strengthening the existing bonds of … [Read more...] about US-ASEAN Joint Statement released, reaffirming more comprehensive Dialogue Relations

The relations would be enhanced through commitments in a wide range of fields, including economic, maritime cooperation, building trust, and people-to-people links. ASEAN member states and the US have reaffirmed their shared commitment to strengthen and build more comprehensive ASEAN-US Dialogue Relations. The declaration was included in a joint vision statement released at the US-ASEAN Special Summit, the first-ever held in Washington, D.C., on May 12-13 with the participation of the US president and leaders of the Association of Southeast Asian Nations (ASEAN) member states. The tightened relations are aimed to promote peace, security, stability, and prosperity in the region and ensure that relations remain adaptable to meet new challenges; and appropriately cooperate in international and regional fora of which ASEAN member states and the US are members. The two sides stressed the importance of creating a peaceful environment for strengthening the existing bonds of … [Read more...] about US-ASEAN Joint Statement reaffirms comprehensive Dialogue Relations

US International Development Finance Corporation (DFC) and Fulbright University Vietnam (FUV) recently signed a financing agreement for $37 million in DFC financing for FUV’s new campus in Ho Chi Minh City. Prime Minister of Vietnam Pham Minh Chinh witnessed the signing ceremony on May 12 on the margins of the US-ASEAN Special Summit, a testament to the ongoing partnership between the United States Government, the Government of Vietnam, and the private sector to advance economic growth and opportunity in Vietnam. With support from the United States and Vietnamese governments, this project seeks to close the gap between the demand for skilled employees in Vietnam’s workforce and educational opportunities in the country, which currently falls short of what Vietnam and the region need for further development. Through its new campus, FUV plans to support Vietnam and the region in addressing complex and cross-cutting challenges including climate change, defensive … [Read more...] about US and Vietnam partner to advance higher education and workforce development

Deputy Minister of Labor, War Invalids, and Social Affairs Nguyen Thi Ha shared Vietnam’s plans to eradicate child labor at a conference in South Africa on Tuesday. At the fifth Global Conference on the Elimination of Child Labor in Durban, South Africa, Ha spoke about the pivotal role that childhood education plays in reducing the risk of children leaving school to find work. Currently, about 94.4 percent of Vietnamese children have access to education thanks to government policies to make primary and secondary education compulsory, eradicate illiteracy, and reduce or exempt tuition fees for poor, disabled, ethnic minority, and underprivileged children. The Vietnamese government also has policies which help these marginalized groups gain access to health insurance and other social welfare programs. Currently, Vietnam is cooperating with other entities, such as the United Nations International Children’s Emergency Fund (UNICEF) and the International Labor Organization (ILO) to … [Read more...] about Vietnam’s next steps in the fight to eradicate child labor

In a meeting with the Vietnamese community and businesses in Laos, per invitation of President of the Laotian National Assembly Saysomphone Phomvihane, various representatives said they wish for the Vietnamese government to continue actualizing policies so that commerce between the two countries could prosper. They also proposed for both Vietnam and Laos to foster labor cooperation and increase the number of yearly scholarships so Vietnamese nationals in Laos could go to Vietnam to study and receive medical diagnoses. Hue said Vietnam always encourages and provides opportunities for people to return to their country and invest in businesses. Vietnam also has support measures for the community in Laos to be "legally stable", as well as to preserve Vietnamese cultural characteristics. Labor cooperation between the two countries should be looked into, as many Vietnamese businesses in Laos currently lack workers, Hue said. He also requested Vietnam localities to provide scholarships … [Read more...] about NA chairman calls for labor cooperation between Vietnam, Laos

"Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us deliver stellar performance year after year," said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a "stable and cheap" source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 percent in 2020 to 50.5 percent last year, on its way to the bank’s target of 55 percent by 2025. Techcombank’s net interest margin (NIM), a measure of the difference between the interest received by the bank and the amount paid out to lenders, also increased 69 basis points to 5.6 percent during the year. "Together, these improving metrics, along with our effective cost management, translated into an excellent profit before tax … [Read more...] about Techcombank eyes seat at top Southeast Asian banking table