Recruiting offices for military

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

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

At a reception for the diplomat, President Mohamed Irfaan Ali said he hopes Vietnam will assist Guyana in agriculture, animal husbandry and cultivation. Hoa vowed to work to develop the traditional friendship and cooperation between the two governments and peoples in her position. On March 21, Hoa paid a courtesy call on Guyanese Minister of Tourism, Industry and Commerce of Guyana Oneidge Walrond who pledged to offer all possible support to Vietnamese firms to access Guyana’s market and wished to learn from Vietnam’s experience in ecological tourism development. During a working session with the Vietnamese diplomat a day later, Guyanese Minister of Foreign Affairs and International Cooperation Hilton Todd promised to support Vietnam at multilateral forums and facilitate the exchange of all-level delegations in the near future. Elizabeth Harper, standing Deputy Minister of Foreign Affairs of Guyana, announced that two countries will soon offer visa exemption to their diplomatic … [Read more...] about Guyana wishes to strengthen ties with Vietnam in various areas

Aside from the drug possession charge, police are investigating Bam on charges of child abuse and "enticing others to use drugs." Videos of Bam giving meth to the 3-year-old boy were brought to investigators’ attention by a man known only as Tai, the boy’s biological father, who reported the case to the police on Friday. Police arrested Bam on Sunday afternoon at his house in Cu Chi District after a two-day search for him. The officers found meth, drug paraphernalia and other related evidence inside the house. Bam tested positive for drugs, and fortunately the boy was negative. He is currently at the Ho Chi Minh City Children’s Hospital in stable condition with no abnormal symptoms. The boy’s mother and Bam said they "only let the boy use meth once just for fun" many months ago. Police are currently taking the testimonies of people involved in the case. One of the clips Tai showed police revealed the boy in diapers sucking on a meth straw while a woman’s voice can be heard … [Read more...] about Man arrested after forcing 3-yr-old to smoke meth

Visas, service quality, and technology were all part of discussions on a better-performing tourism sector Photo: Cuong Minh May’s National Assembly session is likely to help push ahead a revamp of the country’s rules on entry and exit for foreign visitors, after the Ministry of Public Security crafts amendments to the current law. The development will be an important basis for the issuance of new regulations related to the visa policy, removing difficulties for the tourism industry, and creating conditions to attract more international visitors this year, according to most observers. Dang Tuan Viet, deputy director of the Ministry of Public Secrutity’s (MoPS) Vietnam Immigration Department, said that the proposal emphasised two major areas related to unilateral visa exemption and electronic visa policy. The MoPS also proposes to expand the number of countries that can issue e-visas from 80 countries to the maximum. The MoPS will also ask to increase the temporary stay … [Read more...] about Visa upgrade at heart of fresh approach to tourism

Proposals relating to cooperation and encouraging foreign investors to join Vietnam’s innovation journey were addressed at some forums, including one at VIR’s headquarters and the annual Vietnam Business Forum (VBF) organised in Hanoi over a week back. Working groups of the Vietnam Business Forum touched on a variety of topics and recommendations for greater progress Photo: Dung Minh One particular area of discussion focused on the digital economy and tech such as blockchain. Do Tien Thinh, deputy director of the Vietnam National Innovation Centre (NIC) said at VIR’s forum on digital transformation on March 21 that the NIC is working with many big foreign technology groups to connect them with domestic enterprises to implement training courses and technical supporting programmes. Thinh said Google has implemented digital skill training courses for businesses, especially startups. In mid-2022, Google launched a certification initiative and Startup Academy Vietnam, … [Read more...] about High-tech talent pool to aid transformation

At the signing ceremony between VPBank and SMBC (Photo: VNA) Hanoi (VNA) – Vietnamese lender VPBank on March 27 signed an agreement to sell its 15% stake to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) through a private placement. With this deal, SMBC, a subsidiary of Sumitomo Mitsui Financial Group, Inc (SMFG), has officially become a foreign strategic investor of the Vietnamese bank. The investment from SMBC will help VPBank raise 35.9 trillion VND (approximately 1.5 billion USD) of Tier 1 capital (equal to 30,160 VND per share), increasing its equity to approximately 140 trillion VND from 103.5 trillion VND. Following the investment, VPBank will become Vietnam’s second largest bank in terms of equity, which allows it to serve a wide range of customer needs in various segments, including retail banking, corporate banking and SMEs. The robust capital stance will also back VPBank in serving large-scale enterprises, particularly the FDI and multi-national … [Read more...] about VPBank sells 15% stake to Japan’s SMBC for 1.5 bln USD

The Australian Trade and Investment Commission (Austrade) is collaborating with business and government in Hanoi, Hue and Danang to deliver the Vietnam –Australia: Unlocking Opportunities in Education and Agrifood roadshow series starting from 27 March in Hanoi with participation of over 400 Australian and Vietnamese businesses, organisations, associations and institutions. Participants at the event The project, which was organised to celebrate the 50th anniversary of diplomatic relationship between Vietnam and Australia, is expected to have a significant impact on trade between the two countries. Austrade is delivering two roadshows in six different cities of Vietnam including Hanoi, Hue, Danang in March 2023 and Ho Chi Minh City, Nha Trang and Can Tho in September. It will provide opportunities and Australian and Vietnamese businesses and institutions to connect and collaborate in different regions of Vietnam. The first phase of program is launched in Hanoi … [Read more...] about Vietnam and Australia co-operate in education & agrifood

People shop at a supermarket in Hanoi. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam is becoming an attractive retail market for companies all over the world with many regional and global FDI investors recently announcing plans to increase capital and expand distribution networks here. According to the Ministry of Industry and Trade, the Vietnamese retail market is worth 142 billion USD and is expected to increase nearly 2.5 times to 350 billion USD by 2025. In January, total retail sales of consumer goods and services decreased by 6% on-month to more than 481.8 trillion VND (20.4 billion USD) due to weaker demand as many commodities were purchased ahead of the Lunar New Year. People spent more on festival activities post Tet, said the General Statistics Office. However, it still rose 13% year-on-year. For the first two months of the year, the country’s total retail sales of consumer goods and services advanced 13% over the same period of 2022 to over 994.1 trillion VND. … [Read more...] about Vietnam’s retail market proves attractive for foreign investors