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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 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

On May 16, Mastercard announced the enhanced World and World Elite card programmes, providing affluent consumers in Vietnam and other markets in Southeast Asia a range of rewards, lifestyle privileges, and experiences at home and abroad. The card programmes also provide an additional security layer with Mastercard ID Theft Protection TM that allows cardholders to proactively monitor and be alerted to instances of identity fraud. According to Mastercard’s inaugural experience survey conducted in 2021, the pandemic drove people to redefine their expectations, leading them to focus more on self-care, such as prioritising mental well-being (85 per cent), emotional well-being (83 per cent), and physical well-being (83 per cent) to help them feel uplifted and build better connections with others. With people in Vietnam increasingly focusing on these factors, the enhanced Mastercard World and World Elite card programmes will provide consumers access to a range of experiences, … [Read more...] about Mastercard offers new range of benefits and experiences for affluent consumers in Vietnam

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

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

Coolmate CEO Pham Chi Nhu Before founding Coolmate, CEO Pham Chi Nhu held down many jobs from retailing cosmetics to selling online on e-commerce platforms. Nhu realized that customers look at not only the brand but also the price in comparison with quality, customer service and seller commitment. Coolmate was established with the goal of building a completely new shopping model, offering a shopping solution for male customers ensuring quality, goods prices, fast delivery and customer care. Nhu said that when it comes to stocking up on wardrobe essentials, such as shirts, pants, socks and underwear, male shoppers prefer to buy in bulk for the sake of convenience. Coolmate receives investment from STIC Investments Coolmate has also implemented corporate social responsibility by non-plastic packaging, cleaning returned products, and accompanying sponsors in environmental protection programs. Labeled “Proudly made in Vietnam”, Coolmate’s apparel is all … [Read more...] about Coolmate provides shopping solution for male customers