Teratai cluster involves top glove factory workers

Enterprises and organisations in HCM City will need to employ between 280,000-320,000 people in 2023 with nearly 60 percent of the number expected to join in nine key service industries, according to the Human Resources Forecast and Labour Market Information (Falmi) Centre. Illustrative photo Trade industry was announced to have the highest labour demand, accounting for 15.22 percent of the city's needs. In addition, some other service industries including banking and finance, real estate, tourism, and post and telecommunication make up 5.93 percent, 5.91 percent, 5.66 percent, and 5.45 percent of the city's labour demand, respectively. Meanwhile, enterprises in four key industries are estimated to employ about 20.30 percent of the city's workforce this year, including 6.99 percent for information technology, 4.91 percent in mechanical engineering, 4.62 percent for the chemical - pharmaceuticals, and 3.78 percent for the food processing industry. Falmi has … [Read more...] about Service sector to account for 60 percent of HCM City workers

Speaking at a meeting on February 2 to provide information about the socio-economic development and COVID-19 prevention and control in Ho Chi Minh City, Lam said the move is expected to make it easier for local businesses to recruit workers, especially after the lunar New Year (Tet) holiday – the biggest and longest festival in Vietnam. As of February 2, about 2.65 million workers, or over 95% of the total number in Ho Chi Minh City, had returned to work at enterprises after Tet, Lam reported. This year, the situation of job changing after Tet among laborers is not popular as many years ago, he noted. Regarding the demand for laborers, 499 respondent firms said they need to recruit nearly 14,400 workers in the first quarter of 2023, including 5,000 for the garment and footwear industries, and 2,200 for the electricity - electronics industry. Source: VNA … [Read more...] about Ho Chi Minh City to open job transaction floors to facilitate businesses in recruiting workers

-What do you think about local garment firms’ inability to dominate the domestic market of 100 million people here in Vietnam? - Vietnamese textile and garment enterprises are still [only beginning to] tap the domestic market. Last year, the domestic market increased by 40% against 2021. Local enterprises performed very well in the first half of last year and began to face difficulties in the third quarter. In the fourth quarter, many good Vietnamese brands like Viet Tien saw sales decrease. In late 2022, the Vinatex Fashion Center retail outlet in Hanoi made revenues of only VND500-600 million ($21,200-25,400) a day, compared with daily revenues of over VND1 billion in previous years. Over the past two years, many domestic fashion brands have reduced their number of stores and limited new openings. They have had to focus on certain locations to reduce costs, optimize operations and try to offer products that are most suitable to consumers’ incomes.In fact, domestic … [Read more...] about Garment firms should tap niche markets: Vinatex chairman

More than 10,000 rose trees are being planted to replace the fence which has just been removed at Thong Nhat Park in Hanoi. More than 10,000 rose trees are being planted to replace the fence which has just been removed at Thong Nhat Park in Hanoi. Earlier, more than 400 metres of fence had been removed from the park area facing Tran Nhan Tong Street which was recently turned to a walking area during weekends. Admission to the park has been free. As the barriers have been removed, Thong Nhat is now connected directly with Tran Nhan Tong street and Thien Quang Lake, creating a large walking space for people. On the morning of February 3, workers at the park started growing over 10,000 rose trees in the area where the fence was removed. The roses are expected to better decorate the park at the surrounding walking area, as well as prevent vehicles from entering the park. … [Read more...] about Over 10,000 rose trees to replace fence at Hanoi park

Workers at Phuong Nam Garment Trading Import Export Joint Stocks Company in Ho Chi Minh City. (Photo: VNA) HCM City (VNA) – Ho Chi Minh City ’s Index of Industrial Production (IIP) in January reduced by 21.4% compared to the previous month, according to the city’s Department of Industry and Trade. This year’s week-long Lunar New Year (Tet) Festival that falls in January was blamed for the decreased production as the production time in the month was less than the previous month’s. Some industries in the city also saw lower production indexes, for example, the processing and manufacturing industry down 22%, electricity generation and distribution down 12.8%, water supply and waste treatment down 8.4%. Besides, all 30/30 secondary industries decreased compared to the previous month and 15 out of the 30 industries dropped by over 20%. To meet people’s demand in the city in January 2023, especially during the Tet celebrations, the city's industry and trade sector … [Read more...] about HCM City’s industrial production falls over 21% in January

Representatives of AstraZeneca Vietnam and doctors from Cho Ray Hospital at the co-operation MoU signing ceremony between the two sides in HCM City on Thursday. — Photo Courtesy AstraZeneca Vietnam AstraZeneca Vietnam and Cho Ray Hospital on Thursday signed a memorandum of understanding (MoU) to deepen the medical knowledge of healthcare workers and better serve the needs of patients in HCM City and the southeast region of Viet Nam during 2023-25. The three-year agreement will enhance the implementation of clinical trials, medical workforce training, patient support programmes and further international integration activities of Cho Ray Hospital, indirectly boosting the level of expertise at hospitals and clinics in the region. The comprehensive collaboration will cover a variety of therapeutic areas such as oncology; respiratory and gastrointestinal diseases; cardiovascular, renal and metabolism; and vaccines and immune therapies. Nitin Kapoor, Chairman and General Director … [Read more...] about AstraZeneca, Cho Ray Hospital partner to strengthen healthcare innovation in Viet Nam

According to reports from labor federations across the country, from September 2022 to January 8, 2023, as many as 1,300 enterprises in 50 cities and provinces met difficulties with fewer orders, forcing them to cut working hours of over 546,000 workers. Three quarters of the affected workers were in foreign-invested sector, mostly in apparel, leather and footwear and wood processing industries in southern cities and provinces such as Ho Chi Minh City, Long An, Tay Ninh, Dong Nai, Binh Duong and An Giang. On January 16, the Presidium of the Vietnam General Confederation of Labor issued a Resolution on providing support for its members and workers who lost their jobs or had their working time reduced from October 1, 2022 to March 31, 2023, in the form of cash ranging from VND 1 million (USD 42) to VND 3 million. Workers who are not trade union members will be given aid equal to 70% of the support for members. From December 1, 2022 to January 29, 2023, there were 18 labor … [Read more...] about Over 96% of laborers return to work following Tet

Workers at a facility of PV Gas. The company's shares fell strongly on Friday, leading the market's downside. — Photo courtesy of the company The market ticked lower on Friday but locked a monthly gain in the first month of 2023 on the back of foreign investors and strong rallies of financial and industrial stocks. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) closed the last trading day of the week at 1,077.15 points, a fall of 0.44 points, or 0.04 per cent. The market’s breadth was neutral as the number of declining stocks on the southern bourse was equal to increasing ones. Liquidity fell over the previous session. Of which, trading value on HoSE reduced slightly to nearly VND10.8 trillion (US$460.1 million), equivalent to a trading volume of over 563.7 million shares. The index’s reversal was due to persistent selling force as some investors continued to take profits after recent rallies. The 30 biggest stocks tracker VN30-Index also went down by 7.78 points, … [Read more...] about Benchmark indices dip slightly on persistent selling force

In order to develop co-operatives after the amendment of the Law on Cooperatives 2012, the improvement of the quality of human resources is considered to be decisive.The Hanoi Cooperative Alliance has focused on the issue of human resources for many years. Many concerns Currently, the majority of cooperatives in Hanoi are unable to compete with other economic sectors due to small scale, limited scope of operation, falling short of credit and production facilites. Half of Hanoi’s cooperatives are found with unefficient operation due to these barriers, but the major one, according to expert, is the low qualified workforce. In many cooperatives, the average age of members is up to 45 years old. Cooperatives are unable to draw the participation of young people.  The number of managers of cooperatives with intermediate or higher degree is only over 35%. The low skill management is hindering the cooperative restructuring, especially in the context of fierce competition. … [Read more...] about Cooperatives in need of qualified human resources

The two suspects - Angel Joseph Uriate, 35, and Noah David Beard, 25 - were taken into custody by sheriff's deputies and federal agents after being under around-the-clock surveillance since Jan. 23, Tulare County Sheriff Mike Bordreaux said. Uriate was injured in a gun battle with agents of the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) after he opened fire on officers as they approached him in Goshen, California, the town where the killings took place on Jan. 16, Bordreaux said. He underwent surgery at a local hospital and was expected to survive, the sheriff said in a news conference announcing the arrests. Beard was captured in nearby Visalia without incident, Bordreaux said. Last month's carnage raised the profile of rising gang violence and drug trafficking in some of California's more rural, isolated areas, as a state known for some of the strictest gun laws in the country faced a spate of deadly mass shootings. The Goshen murders came one week before … [Read more...] about Pair of gang members arrested in California massacre of 6, including baby