New year brings more of same problems for tourism workers vnexpress international

The new office marked FPT’s development and improvement of Vietnam’s IT capacity, Prime Minister Pham Minh Chinh said at the opening ceremony. The PM also called on Vietnamese authorities to support Vietnamese businesses abroad, which will contribute to the country’s development. Pham Minh Tuan, FPT Software general director, targets turning the U.S. into its biggest market in the next two years and raising revenues to billions of dollars by 2023. Located at 295 Madison Avenue in Midtown Manhattan, the new office is FPT Software’s 58th unit globally. FPT Software started operating in the U.S. 14 years ago. It has more than 700 customers to date, 100 of which are Fortune Global 500 companies. … [Read more...] about FPT Software opens second office in New York

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

In a meeting with the Vietnamese community and businesses in Laos, per invitation of President of the Laotian National Assembly Saysomphone Phomvihane, various representatives said they wish for the Vietnamese government to continue actualizing policies so that commerce between the two countries could prosper. They also proposed for both Vietnam and Laos to foster labor cooperation and increase the number of yearly scholarships so Vietnamese nationals in Laos could go to Vietnam to study and receive medical diagnoses. Hue said Vietnam always encourages and provides opportunities for people to return to their country and invest in businesses. Vietnam also has support measures for the community in Laos to be "legally stable", as well as to preserve Vietnamese cultural characteristics. Labor cooperation between the two countries should be looked into, as many Vietnamese businesses in Laos currently lack workers, Hue said. He also requested Vietnam localities to provide scholarships … [Read more...] about NA chairman calls for labor cooperation between Vietnam, Laos

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

Public-private partnership (PPP) is a mechanism and common practice to mobilise and encourage investment in areas promoted by governments. The main characteristic of such projects is that both private investors and public authorities share the risks and responsibilities in construction and operation. The public sector typically contributes only a small portion to these projects, with the private sector still in charge of construction and operation. The risks of these projects typically involve the phases of selection, approval, design, construction, financing, operation, and management phases. Over the years, Vietnam issued several decrees before the new Law on Public-Private Partnership Investment was promulgated in 2020 and took effect from January 2021. The law and accompanying decree guiding the implementation of the law have overcome and limited barriers to investment in the form of PPP, creating favourable conditions for such investment. PPP investment in health is one of … [Read more...] about Navigating legal challenges in healthcare partnerships