Private sector

Private schools bump into difficulties recruiting, retaining good teachers Every school, whether public or private, strives to recruit a pool of qualified and committed teaching staff that can deliver quality education to its students and in turn produce students of high quality. Therefore, it is crucial for schools to employ and retain talented teaching staff. According to a staff of K.G Kindergarten in Go Vap District, a holder of an intermediate degree in preschool pedagogy can become a teacher while their salary and benefits will be discussed after an assessment of their work efficiency meanwhile the school's recruitment notice clearly stated that candidates must have a university or college degree with long-term work experience in a preschool. Similarly, at V.M. Kindergarten in Binh Chanh District, the recruitment notice requires candidates to have a college or university degree majoring in preschool, but still accepts an intermediate degree in case the candidate is … [Read more...] about Private schools bump into difficulties in recruiting, retaining good teachers

Localisation favoured by overseas banks, Photo Shinhan Bank Vietnam Shinhan Bank last week expanded its footprint in Vietnam by opening three new branches in the country’s two most populous cities, solidifying its position as the largest foreign lender currently active in the Southeast Asian nation. The bank said it has established a new branch in Hanoi, in addition to two branches in Ho Chi Minh City. This brings the total number of the bank’s offices in Vietnam to 46. “The new branches help us to maintain the largest sales network in Vietnam among all foreign banks operating there,” the bank said. “We expect that such a network will build a friendlier brand image across Vietnam, and in that regard, we will strive to offer better services.” In May, Shinhan Financial Group announced an agreement, worth roughly $90 million, to acquire a 10 per cent stake in Vietnam’s e-commerce platform Tiki. Its two units, Shinhan Bank and Shinhan Card, purchased 7.44 and 2.56 per cent … [Read more...] about Localisation favoured by overseas banks

McKinsey and Company on August 3 released the report “Can Vietnamese banks seize the green bond opportunity?”, which analyses the preconditions leading to the growth of green-bond markets and urges Vietnamese banks to take timely action to reap the rewards from this segment. New solutions in green finance are crucial because the climate transition is accelerating, Photo: Shutterstock The report indicates that the demand for financing of projects with environmental benefits in Vietnam has grown year by year, totalling more than $10 billion annually from 2018 to 2020 and $21 billion in 2021. This increase is forecasted to continue, based on market momentum, Vietnam’s latest draft of Power Development Plan VIII, and the country’s net-zero commitments. Finance-wise, McKinsey estimates that issuing bonds for environmental, social, and governance (ESG) projects may bring Vietnam’s financial institutions roughly $1.7 billion in revenue by 2025, with $1.5 billion coming from … [Read more...] about New finance instruments in play for climate future

A Pakistan zoo has called off plans to auction 12 lions from its ever-growing pride to private buyers, saying it would instead create new enclosures for the big cats. Lahore Safari Zoo cancelled an auction of lions from its growing pride and said it would expand current facilities instead. The auction planned for Thursday had drawn condemnation from the WWF, which urged authorities at Lahore Safari Zoo to instead rehome them with other government wildlife facilities. "The main reason behind the auction was the lack of space," deputy director Tanvir Ahmed Janjua told AFP, adding officials had decided to speed up work building two new enclosures. "Now that this issue is to be resolved soon, there is no need for the auction to take place." Set over 200 acres, Lahore Safari Zoo is considered one of the best in the country -- where zoos are known for disregarding animal welfare. The Lahore facility is currently home to 29 lions, six resident tigers and two … [Read more...] about Pakistan zoo cancels lion auction, plans expansion instead

A positive economic outlook gives employers in Vietnam confidence to increase recruitment in the second half of 2022, though not as high as the previous six-month period. The hiring intentions of Vietnam’s employers are estimated to increase in the second half of 2022, as positive growth rates are reported in various sectors. Remarkable economic recovery drives hiring intentions in H2/2022. Photo: Nguyen Viet Thanh/ILO Vietnam This forecast was announced in the Vietnam Employment Outlook Survey Q3 & Q4 2022 by ManpowerGroup Vietnam. About 88% of the surveyed enterprises plan to increase or at least maintain the current headcounts as compared to 95% of the equivalent index in the first half of 2022. The strongest recruitment intentions were reported in Manufacturing & Processing, Wholesale, Retail & Trading, Banking & Finance, Professional Consulting Services, Construction, Food & Beverage & Hospitality - Accommodation and Real Estate. … [Read more...] about Economic recovery drives hiring in H2/2022

Chairwoman of the People’s Council of HCMC Nguyen Thi Le (C) and leaders of District 3  cut a leaf ribbon to inaugurate the kindergarten. Speaking at the opening ceremony, Chairwoman of the People’s Council of HCMC Nguyen Thi Le extended her congratulations to the teaching staff and students of the school. She highly appreciated the construction of the school with a well-equipped range of facilities that will be a place for children to learn and thrive, especially smart English learning rooms. Vice Chairwoman of the People’s Committee of District 3, Vu Thi My Ngoc said that the district’s education sector will develop District 3’s Kindergarten into a national-standard kindergarten providing advanced teaching. Construction of the school was started in November 2020 and completed in December 2021 with a total capital of more than VND26 billion. The 5-storey educational facility located at the No.32 bis, Nguyen Thi Dieu Street in Vo Thi Sau Ward on an area of over 800 square … [Read more...] about HCMC’s District 3 inaugurates national-standard kindergarten

The scene of the meeting. (Photo: SGGP) The Standing Office of the National Steering Committee for Natural Disaster Prevention and Control held a meeting with ministries, sectors, and localities on August 10 to discuss measures to respond to the storm. Nguyen Van Tien, Deputy General Director of the Vietnam Disaster Management Authority and deputy chief of the committee’s office, said as Storm Mulan was forecast to cause heavy rains in many areas, therefore ministries, sectors, and localities need to seriously carry out the official dispatch issued by the committee on August 9. They need to monitor vessels working at sea, keep frequent contact with vessel owners to deal with any circumstance in a timely manner, guide them to seek shelter, and ready personnel and equipment for search and rescue when necessary. Localities were told to ensure safety for people and assets on islands and aquaculture zones, transportation vessels, as well as tourism and construction activities at … [Read more...] about Localities demanded to promptly brace for storm Mulan

Vietnam's traditional water puppetry. (Photo: VNA) Hanoi (VNA) - Four Vietnamese artists will head to the Republic of Korea (RoK) for water puppetry shows in four cities to mark the 30th anniversary of diplomatic relations between Vietnam and the RoK. The group will stage a total of 20 shows, with each lasting for 50 minutes across the cities of Seoul, Gyungju, Yungduk, and Chuncheon from August 10 to September 6, reported Radio The Voice of Vietnam (VOV). They will use the platform to introduce classic water puppetry plays to Korean audiences, such as fishing, buffalo fighting, dragon, and phoenix dances. They will also spend time holding exchanges alongside local audiences to discuss the traditional Vietnamese art form. Vietnamese artist Phan Thanh Liem, one of the four puppeteers, shared that he felt delighted at receiving an invitation to perform in the RoK, especially after two years of disruption caused by the COVID-19 pandemic. This will mark the fifth time that … [Read more...] about Vietnam water puppetry introduced in RoK

Nguyen Quang Hoa, director of Duong Vu Co., Ltd., is busy collecting rice from localities, and even from across the land border in Cambodia, to meet the orders of animal feed producers. Domestic rice is being used more, but companies do not want it to be a long-term answer. Photo: Le Toan “The average orders are 30,000 tonnes per month, and over 10,000 tonnes ordered by C.P. Vietnam. The order volume has recently increased due to the escalation in prices of corn and wheat,” Hoa said. Some orders of rice volume are much larger than those figures, and so the company is making efforts to meet the demand of producers, according to Hoa. Japfa Comfeed, GreenFeed Vietnam Corporation, and New Hope Vina Co., Ltd. are also buying rice closer to home in order to offset the shortage of imported materials. In the first six months of this year, Vietnam garnered nearly 8.5 million tonnes of materials for animal feed production, equalling $3.7 billion in value. These figures have … [Read more...] about Feed producers seek alternative sources to save on costs

In late July, the Ministry of Transport (MoT) sent a dispatch to the Ministry of Justice seeking the latter’s consensus in allowing VINA2 Investment and Construction JSC to transfer its stake in a project to one corporate entity and an individual investor outside the project’s consortium. VINA2 is one of three investors in a BOT project on the renewal and upgrading of National Highway 38’s road section connecting the national highways No.1 and No.5. This is also the first time a stake transfer at a BOT-related enterprise has taken place between a legal entity and individual investor. This rare case began a year ago when the project developer first sought approval from the MoT to allow VINA2 to transfer its entire 31 per cent stake to Vo Phi Hai, who would hold 28 per cent of the stake, and to Investment Mining Port JSC (IMPORT) that will keep the remaining 3 per cent. In the dispatch, the MoT assumed that the stake transfer to Hai is simply a capital restructuring step of the … [Read more...] about BOT procedure roadblocks hindering venture progress