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Amazon Web Services to help set up VN’s 1st digital-only bank

March 7, 2021 by bizhub.vn

Vietnam Maritime Commercial Joint Stock Bank choses Amazon Web Services, Inc as its cloud provider for TNEX, the first digital-only bank in Viet Nam. — VNS Photo

Vietnam Maritime Commercial Joint Stock Bank has chosen Amazon Web Services, Inc, a subsidiary of the internet giant, as its cloud provider for TNEX, the first digital-only bank in Viet Nam.

TNEX was developed by MSB in 10 months as a radically new mobile platform that brings all digital banking and lifestyle services under one umbrella through a super app.

It is designed with customer experience and data science at the centre of its products, services and features, and focused on addressing unmet customer needs by offering free, innovative and simple everyday banking products to the approximately 60 million Vietnamese who have no or limited access to banking and financial services.

TNEX offers its customers advanced digital banking services, supports their lifestyle needs such as food, education, travel, entertainment, health, fashion, and messaging and chat, and provides access to a digital eco-system populated by its merchant partners.

Consumers can directly buy products and services from the merchant marketplace with the TNEX app and pay digitally using QR codes.

By tapping the scalability of AWS cloud, MSB can monitor and ensure compliance.

Leveraging AWS’s broad and deep portfolio of cloud services including analytics, machine learning, and containers enables TNEX to develop better ways to serve customers by innovating and deploying new products faster and drive operational efficiencies.

Bryan Carroll, chief executive officer of the digital bank, said: “TNEX provides our customers with an entirely new banking experience that supports their daily spending and lifestyle needs. Through the development of our platform on AWS, we gained the speed and agility needed to build a full-service merchant marketplace in six months and an SME and consumer digital bank in only 10 months.

“By using AWS, we accelerated the delivery of the innovative financial services that our customers have been asking for and the tools and services that our merchants require to grow their business.”

A key segment for TNEX is Generation Z, the demographic that succeeded millennials. By 2025 Vietnam’s Generation Z of digital-first consumers with significant spending power is expected to comprise 25 per cent of the country’s labour force. — VNS

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Vietnam to close non-essential services until April 15

March 27, 2020 by hanoitimes.vn

The Hanoitimes – The shutdown of non-essential service is the latest tough move in Vietnam to contain the new coronavirus that has caused 153 infected cases.

Vietnam will close all shops and facilities of non-essential services in five big cities nationwide from March 28 until April 15 after the number of confirmed coronavirus cases has reached 153.

Hanoi, Ho Chi Minh City, Haiphong, Danang and Can Tho are subject to the request made by Prime Minister Nguyen Xuan Phuc on March 27.

A closed restaurant in Hanoi. Photo: Zing

The closure will be applied to tourist attractions, entertainment facilities like cinemas, bars, karaoke lounges, spas, restaurants, among others.

Only food and foodstruff stores, pharmacies, medical and filling stations are excluded from the list.

Notably, all religious rituals will be suspended while gatherings of more than 20 people for meetings and more than 10 people outside offices, schools, and hospitals are banned.

Traveling should be limited, mostly from epidemic-hit areas to other localities inside the country. Flights from Hanoi and Ho Chi Minh City to other parts in the country and public means of transport will be reduced.

People are required to stay home except for the cases of emergency, and keep a distance of at least two meters in public places.

Leaders of the localities where mass gatherings are reported will be punished.

On March 26, Hanoi shut all non-essential services while Ho Chi Minh City made the move two days erlier.

Hanoi’s Steering Committee on Covid-19 Prevention and Control has emphasized that it will strictly punish any facility that goes against the order and called on people to inform the committee of the infringement.

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To quit or not: a Covid-19 dilemma for Vietnamese workers

March 7, 2021 by e.vnexpress.net

When his roommates turn the lights off to go to bed at 10 p.m., Hoang Minh is just starting his eight-hour shift at work.

Sitting with a laptop on his bunk bed, the 21-year-old enters information about overseas orders his company has received into the system.

“This job just needs hands and eyes,” he says.

Because of the Covid-19 outbreak, Minh was allowed to work from his room in Hanoi’s Cau Giay District.

But within two days the company required him to return to office since his output had been lower than normal.

His salary has remained at VND6 million ($260) a month since he began working here since 2019.

Hoang Minh doing data entry on his bunk bed in a boarding room in Hanois Cau Giay District. Photo courtesy of Minh.

Hoang Minh doing his data entry work in his room in Hanoi’s Cau Giay District. Photo courtesy of Minh.

After dropping out of college, the young man from central Vietnam had been dreaming of working in the technology field, a job he perceived as “computer-related.”

But instead he ended up with a data entry job.

After two months of working through the night and going home to sleep in the morning, he quit just after the 2020 Lunar New Year ( Tet ) just as Covid-19 first appeared in Vietnam.

He began to apply for all sorts of jobs.

However, the pandemic was causing a huge number of layoffs. According to the General Statistics Office, the employment rate in the first quarter of 2020 was the lowest in 10 years.

Minh got a job as a bank credit officer, who had to persuade individuals and businesses to borrow. But there was no salary and instead employees got paid based on performance. This time he quit after just one month.

He then worked as a real estate agent and quit again when he could not find a single client in three months.

During that time he had to borrow money just to eat.

Around this time a former colleague and friend also wanted to quit his data entry job, and Minh texted him saying: “Don’t be foolish to quit your job at this critical time. I really regret my action now.”

Luckily for him, his old company again recruited people for data entry, and Minh immediately applied and got it.

“I have not paid off my debts yet,” he says.

Minh opted to stay and work through Tet this year. He took a few minutes off on Lunar New Year’s Eve, a time when the whole country celebrates, and sat with his roommates to eat instant noodles.

“The noodles tasted bitter.”

His parents have urged him to return home and learn vocational skills or become a blue-collar worker, but Minh wants to decide “his own fate.”

Feeling depressed on the second day of the new year, he called his father to say he would go visit home for two days. But his boss warned him saying if he failed to fulfill his contract the company would not accept him back when he returned.

Being unemployed for four months in 2020 had taught Minh to be patient, and he decided to stay.

“As a 21-year-old, I don’t have time to date or hang out with friends since everyone goes to school or work during the day.”

But he does not dare quit his current job, knowing that Covid-19 has put paid to employment opportunities.

A woman filling for unemployment benefits at the Hanoi Center for Employee Service in Cau Giay District. Photo by VnExpress/Ngoc Thanh.

A woman filling for unemployment benefits at the Hanoi Center for Employee Service in Cau Giay District. Photo by VnExpress/Ngoc Thanh.

But people can be dissatisfied with their current jobs but dare not quit amid a global pandemic or not.

Pham Manh Ha, an associate professor of psychology at the Vietnam National University in Hanoi, said this is most common in the 30-45 age group.

“These people are frustrated with their current jobs, have no opportunities for advancement, are not interested in a career, and have difficulty finding new jobs. They fall into a state of internal frustration and constant stress, resulting in poor performance and unexpected outcomes.”

Minh Huong, 32, of Saigon’s District 1 identifies herself as one such person. For several months now she has been crying every day on the 5km trip from her rented room to office.

The admissions officer at an English language center says: “I am shy and have an inferiority complex. I dare not speak up when I have a grievance. I do not dare express myself, and so I am locked in a vicious circle.”

Huong was an excellent employee in 2019, but got a Tet bonus of just VND500,000 ($21.68), just like her roommate. Since reward was based on collective performance, just one team member performing poorly could affect everyone’s year-end bonus.

Her labor contract said, unless she violated rules, she was entitled to a salary increase every six months. But it took her a year to get a raise of just VND450,000 ($19.52).

Feeling unhappy, she resigned.

“But since our center lacked manpower and there was no one to fill my position, my boss asked me to stay for another two months. And then the pandemic broke out.”

She continued to work there because she had applied to five language centers but either received no response or canceled her scheduled interview due to the outbreak.

The fact she had resigned but decided stay on because of the pandemic did not endear her to her boss or colleagues.

“I emailed my boss to suggest adding a few designs in the classroom to attract students. But my boss dismissed it saying it would be approved if a teacher suggested it. But the next day a colleague in the room suggested it again and got approval.”

The office has more than 10 employees who eat lunch together, but no one wants to sit next to her. Her boss only gives her minor work.

Huong is terribly depressed, and does not know how she can carry on much longer.

“I plan to find a new job around mid-June; I hope the outbreak will be completely under control by then.”

Vu Quang Thanh, deputy director of the Hanoi Center for Employee Service, said there are more job opportunities now than in the early part of last year, with enterprises’ demand for workers increasing by around 5 percent.

At his center, 207 enterprises in the telephone components, machinery, textile and other sectors have registered to recruit more than 5,000 workers.

But he said people who want to find new jobs should assess their capabilities, recruitment demand in their field, salary, and other factors.

The pandemic has made it difficult for many businesses and so salaries are down, he said.

So, instead of worrying about their income, people should try to stay back and share the difficulty with their employers instead of jumping to other jobs, he said.

Besides, people need to accurately assess the cause of their current situation. If the problems are caused by technology changes or a mismatch between their abilities and job requirements, they need to improve their personal skills, he added.

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Plastic bags and products still plague Hanoi

March 6, 2021 by vietnamnet.vn

The use of plastic bags and products in traditional markets and shops continues to plague Hanoi.

Household waste, stored in plastic bags, is piled in Hoang Van Thai Street, Hanoi.

Phạm Huy, a small trader in a traditional market in Long Biên District, said plastic bags and products were selling in large quantities in local markets because they were not only cheap but also convenient.

It costs VNĐ30,000 (US$1.3) per roll of 100 plastics bags and VNĐ20,000 ($0.8) for 50 plastic cups, he said.

Huy said the number of people shopping at the market was very large and most of them asked for plastic bags. Few people carried their own bags to the market.

“If we do not use plastic bags, we have nothing to store things for our customers,” he said.

An owner of a food shop in Quán Thánh Street, Ba Đình District, said his customers often asked for takeaway food in plastic containers.

Although he knew of the impacts of plastic bags and products on the environment, he still bought them to store food for his customers, he said.

Hồng Hà, a resident of Ba Đình District, said due to the impacts of the COVID-19 pandemic, food and beverage outlets had to close and only sell online.

People often ordered using popular applications such as Grab and Now to eat and drink at home, she said.

The shops often used plastics bags and products to wrap up their wares for shippers to bring to customers, she said.

Solutions

Lê Tuấn Định, deputy head of the city’s Natural Resources and Environment, said it was estimated that about 6,000 tonnes of waste were discharged daily in the capital, including 60 tonnes of plastic waste.

Plastic waste discharge was believed to increase year after year, adversely affecting the environment, he said.

In response to the situation, the city administration views combating plastic waste as a key task.

In 2019, the city issued Plan No 232/KH-UBND on ‘Preventing plastic waste and bags by 2020, a vision towards 2025’, calling on local administrative and public service agencies and State-owned enterprises not to use disposable plastic products and plastic bags, as well as mobilising organisations and individuals to say no to disposable plastic products.

The department has relevant agencies to strengthen dissemination to improve people’s awareness of the impacts of plastic waste on the environment. The agencies were told to find alternative materials to reduce the use of plastic products.

He said the department would conduct surveys on the use of disposable plastic products and the demand for recycled products to find alternative products to replace disposable plastic in local traditional markets and trade centres.

The department also compiled mechanisms to support enterprises to manufacture environmentally-friendly packaging, he said.

It was strengthening inspections and encouraging enterprises to manufacture environmentally-friendly packaging and pilot training programmes to improve capacity to design environmentally-friendly products for commercial, service and manufacturing facilities in the city.

According to the United Nations Environment Programme (UNEP), around the world, 1 million plastic drinking bottles are purchased every minute, while 5 trillion single-use plastic bags are used worldwide annually. In total, half of all plastic produced is designed to be used only once and then thrown away. — VNS

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Generali Vietnam launches new “More than just a place to work” people strategy

March 5, 2021 by bizhub.vn

A poster of Generali Vietnam’s new “More than just a place to work” people strategy. — Photo courtesy of Generali Vietnam

Generali Vietnam officially launched its “More than just a place to work” people strategy, with an aim to become the best employer in the Viet Nam’s insurance and finance industry.

The company is also running its Management Trainee programme, called Genext Challenge 2021, to recruit, train and develop young talent to meet its business growth needs in Viet Nam.

The core of this strategy is the objective to build Generali Vietnam to be “more than just a place to work”, where every staff member can “learn – grow – live – thrive”.

As part of the new strategy, Generali Vietnam will step up its training activities and programmes with practical, innovative and diverse content and formats, as well as reinforce a learning and development culture.

The company constantly digitalises all human resources processes, including the registration and management of training and development requests, and many practical online training programmes.

It will also continue to focus on developing its high quality workforce via the Generali Talent Management program and the ongoing Genext Challenge 2021 Management Trainee programme. Both programmes aim at developing the company’s talent pool and outstanding individuals, to build the next generation of leaders, meeting Generali’s needs for rapid and sustainable development in Viet Nam.

Generali Vietnam CEO Tina Nguyen said: “The “More than just a place to work” people strategy is one of Generali’s strategic and sustainable efforts to build an ideal working environment and develop a happy, engaged, professional and inspired workforce.

“And with that, we hope to spread such happiness to customers and the community through our quality insurance services and products as well as our contributions to the society.”

An enthusiastic, inspiring work environment at Generali and its unique SOHI culture have been vividly featured in the recently launched “More than just a place to work” music video. In 2020, Generali Vietnam was also listed among “Top 10 Companies with Happy Workforce” based on a survey conducted by Anphabe. — VNS

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Three more Covid-19 patients in Hai Duong, Bac Ninh

March 7, 2021 by english.thesaigontimes.vn

Three more Covid-19 patients in Hai Duong, Bac Ninh

The Saigon Times

A centralized quarantine center in Hai Duong Province. Three more Covid-19 cases have been confirmed – PHOTO: VNA

HCMC – Vietnam has had 2,512 Covid-19 cases as of 6 p.m. today, March 7, after a locally-infected case and two imported cases were reported in Hai Duong and Bac Ninh, respectively.

According to the Ministry of Health, the patient in Hai Duong, who resides in Tu Ky District, had close contact with the 2,415th patient. The case has been put under quarantine at a centralized quarantine center since February 25 and is being treated at the Field Hospital No. 3 at the second campus of the Hai Duong General Hospital.

Meanwhile, the two imported cases include a 30-year-old man and a 33-year-old woman. They are Philippine experts.

On February 22, they landed at the Noi Bai International Airport in Hanoi and was sent to a quarantine facility in Bac Ninh.

They tested positive for Covid-19 on March 7 and are being treated at the National Hospital for Tropical Diseases in Hanoi’s Dong Anh District.

In related news, the Bac Ninh government on March 7 affirmed that the pandemic in the province had been basically put under control. Therefore, services in the province will be resumed tomorrow, March 8, including bars, beer clubs, karaoke and massage parlors, cinemas, spas and casinos.

Religious, cultural, historical and tourist sites have been also allowed to reopen but they are allowed to hold ceremonies only, not festivals.

However, pandemic prevention and control measures must be still employed strictly.

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