Human resources

Vietnam is experiencing a shortage of domestic employees in mid and high-level management positions, so is looking overseas to recruit, according to a new report. Lenders look further afield for recruitment- illustration photo The Navigos Group report on the recruitment demand for mid- and senior-level personnel in Vietnam in the second quarter of 2022 said that there is a lack of Vietnamese candidates for jobs that require deep expertise. The report takes the banking industry as a prime example, looking at the ongoing demand for digital banking and risk management. The recruitment market in this field is increasingly heating up with a series of joint-stock commercial banks, especially the big four of Agribank, BIDV, VietinBank, and Vietcombank, continuously recruiting in extremely high numbers. The first half of 2022 saw a 20 per cent increase in job postings compared to the same period in 2021. The banking industry in recent years has been undergoing a digital … [Read more...] about Lenders look further afield for recruitment

Earth Overshoot Day is a concept that marks the date when humanity has used all the biological resources that the Earth regenerates during the entire year. This year, Earth Overshoot Day fell on July 28, which means on this day, we had used all of the world’s natural resources budget for 2022. Tim Evans, CEO of HSBC Vietnam The date is coming earlier and earlier each year. In 1970, we overshot this threshold two days before the year’s end. This year, we overshot the threshold by 156 days. The truth is we consume a lot and waste a lot. Think about the resources you consumed in the past week: the clothes you bought, the food you ate, the distance you travelled. Think about everything you threw away: single-use plastic items like bags, bottles, coffee cups, straws, boxes, and more. Along with this, the extraction, processing, and manufacture of goods for society account for a staggering 62 per cent of total global greenhouse gas emissions. Excess emissions are released … [Read more...] about From waste to wealth: circular economic prospects

Without mutual support, domestic manufacturers continue to wait for market capacity to be large enough to accept competition with suppliers from outside. With the right incentives, localisation is expected to boost manufacturing nationwide As many final consumer products require a series of manufacturing processes, when mass producing, one cannot do it all by themselves. This is how new supply chains are formed, however, without the concept of supporting or ancillary industries. Within the motorbike market, each year Vietnam consumes nearly three million units. Such output is very attractive for manufacturers, who easily achieve efficiency brought about by mass production. When implementing localisation, it is not difficult to attract suppliers whose supply chain is specialised and professional at each stage. The supply chain is formed by the needs and advantages of the market, without requiring a policy for the development of the supporting industry. Meanwhile, … [Read more...] about The new face of manufacturing supporting industries

There is a lot of room for Vietnam and India to develop trade cooperation, and the most important thing is enhancing connectivity , especially infrastructure connectivity, via both land and maritime corridors. (Illustrative image. Photo: VNA) Hanoi Oct. 6 (VNA) - Vietnam and India should further strengthen connectivity to record more robust growth in bilateral trade, which is expected to hit 15 billion USD this year and surpass the record the two countries set in 2021, Indian analysts have said. Data from the General Department of Vietnam Customs shows that two-way trade between Vietnam and India surged to over 13 billion USD in 2021 from about 200 million USD in 2000. This has been a significant outcome, especially given major disruptions to supply chains during the COVID-19 pandemic. It is yet to match potential, however, Indian analysts believe. “There is a lot of room for Vietnam and India to develop trade cooperation, and the most important thing is enhancing … [Read more...] about Strengthening connectivity key to boosting Vietnam-India trade: Analysts ​

A project aimed at promoting sustainable sand management in the Mekong Delta, implemented by the World Wide Fund for Nature (WWF) – Vietnam, has helped to mitigate the negative impact of climate change on the region. At the working session between representatives from the Southern Institute of Water Resources Research, WWF Vietnam, and People’s Committee of Can Tho city (Photo: VNA) This information was released during a working session held on October 5 between representatives from the Southern Institute of Water Resources Research (SIWRR), WWF Vietnam, and the People’s Committee of Can Tho. Nguyen Nghia Hung, deputy director of the SIWRR, said riverbed sand is an essential resource for socio-economic development needs. Indeed, in the Mekong Delta it is much exploited and used as construction materials and in leveling. However, sand mining in the region is currently facing several challenges such as a decrease in the annual amount of sand due to the impact of … [Read more...] about WWF projects helps reduce climate change impacts on Mekong Delta