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As Vietnam reopens its borders to tourism, attracting, developing and retaining a quality workforce has become the top priority for this industry. With borders reopened and tourism promotion campaigns launched in Vietnam, hotels, tour operators and ancillary service providers across the country might be facing a major problem: shortage of qualified labor. Dr Nuno F. Ribeiro, RMIT University Vietnam During the worst period of the pandemic in 2020-2021, many tourism organizations had to reduce their (experienced) workforce. A report by the Ministry of Culture, Sports and Tourism revealed that tourism businesses cut staff by 70-80% in 2020. In 2021, the number of full-time tourism employees was down to 25%  of the 2020 level, and about 30% quit their jobs or had their contracts terminated. These workers have either returned to their original employment prior to tourism and hospitality or they have found employment elsewhere. Now a great number of them are … [Read more...] about Hunt for human talent for tourism – Vietnam’s new normal: RMIT University

The HCMC Delegation of the 14th and 15th National Assembly (NA) deputies visit and offer gifts to troops stationed on Con Dao Islands. The event marked the 47th anniversary of the Liberation of Southern Vietnam and National Reunification Day (April 30) and the 132nd birthday of President Ho Chi Minh (May 19). Speaking at the event, Deputy Head of the delegation Van Thi Bach Tuyet expressed her joy at the development of Con Dao Island and tourism infrastructure, preservation and promotion of historical values, and improvement of the living standards of local people and soldiers on the island. Deputy Head of the delegation Van Thi Bach Tuyet  speaks at the meeting. She believed that the coast guard force on the island will successfully complete the assigned task, contributing to the construction and protection of the island. According to the Head of the military command of Con Dao District Pham Van Non, Con Dao archipelago includes 16 islands. The district has been … [Read more...] about HCMC’s NA deputies visit coast guard on Con Dao Islands

Hanoi-headquartered Techcombank recorded another year of stellar financial performance and growth in 2021, while continuing to support its customers, employees and communities in Vietnam, especially those impacted by the Covid-19 pandemic. In 2021, the bank recorded VND37.1 trillion (over $1.6 billion) in its total operating income, up 35.4 percent year-on-year. The bank’s profit before tax (PBT) rose to VND23.2 trillion. The company has achieved double-digit PBT growth for five consecutive years, at a compound average growth rate (CAGR) of 50 percent between 2016 and 2021. The bank’s performance remained resilient despite Covid-19 casting its shadow on the local markets and causing disruption to businesses and people’s lives. Techcombank grew its total assets by 29.4 percent, to VND568.7 trillion, and delivered an "industry-leading" return on its assets of 3.7 percent, according to the bank. It has also been able to maintain an impressive current account and savings account … [Read more...] about Digital, data and human excellence key components in Techcombank’s transformational journey

Dong Thap is proud to offer hundreds of local products to the wider world. According to Pham Thien Nghia, Chairman of Dong Thap People’s Committee, the event will be held provincewide to promote the cultural identity of Dong Thap people and honour lotus flowers, as well as promote cultural and economic values for products made from Dong Thap lotus plants. The festival, titled “The New Day Lotus”, is also aimed at enhancing lotus farming in association with tourism development. This will help the province build its image and develop local products to attract more tourists and contribute to local socioeconomic development. According to the organisers, the festival will feature a variety of cultural and tourist activities, including art programmes, a workshop on improving the value chain of Dong Thap products, and a “Lotus in Me” art performance. There will also be networking activities to honour excellent lotus growers, processors, and producers. In addition will be an … [Read more...] about Lotus Festival elevates status of Dong Thap province

National Assembly Chairman Vương Đình Huệ and Lao National Assembly Chairman Saysomphone Phomvihan signed a cooperation agreement between the National Assembly of Việt Nam and the National Assembly of Laos for the 2022-26 period. — VNA/VNS Photo HÀ NỘI — Lao National Assembly Chairman Saysomphone Phomvihan on Monday held an official welcome ceremony for National Assembly Chairman Vương Đình Huệ, which was followed by dialogue between the two leaders. Lao National Assembly Chairman Saysomphone Phomvihan warmly welcomed and appreciated the significance of the visit of National Assembly Chairman Huệ, which is the first official visit of a key Vietnamese leader to Laos in the "Year of Solidarity and Friendship" between Việt Nam and Laos. The year 2022 marks the 60th anniversary of the establishment of diplomatic relations between the two countries and the 45th anniversary of the signing of the Việt Nam-Laos Treaty of Friendship and Cooperation. This is also the highest-level … [Read more...] about NA leader Vương Đình Huệ holds talks with Lao counterpart

Prime Minister Phạm Minh Chính took a photo with Vietnamese students in New York, the US on May 15. — VNA/VNS Photo Dương Giang NEW YORK — Prime Minister Phạm Minh Chính had a meeting with some overseas Vietnamese, (OV) intellectuals and young people in New York on May 15 (US time). Representatives of the overseas community reported on their living, working, and studying situation as well as activities in New York, noting that the Vietnamese people here have always fulfilled the obligations of citizens, turned their hearts towards the homeland, and are delighted at the country’s development. Fielding questions about Việt Nam’s measures for attracting foreign investment, PM Chính said Việt Nam has an appropriate policy, competitive edges, and a stable legal system that matches its international commitments. It is also stepping up administrative reforms, developing comprehensive infrastructure, forming a business climate suiting Việt Nam and global trends, and gearing up … [Read more...] about Each overseas Vietnamese should be the country’s most vivid representation