Under managed float the central bank of a nation intervenes to foreign currency

Staff of Sai Gon Bank interview candidates at a job fair held by the HCM City University of Economics in May. — Photo diendandoanhnghiep.vn Banks are focusing on digital transformation and automation, which has led to increasing demand for IT and data personnel, according to a report recently released by the recruitment service provider Navigos Group. Banks need high-quality human resources, yet it can be difficult and costly to find qualified staff due to market competition. Digital transformation has been undertaken by large banks in the past three to five years. Due to competition and the pandemic, numerous banks have expanded their digital transformation over the past two years. Searches by banks for mid- and high-level positions related to digital banking and digital transformation occupied half of bank jobs from the second half of 2021 to mid-2022. Some positions that are always in high demand for digital transformation include product owner, project manager, business … [Read more...] about Banks struggle to recruit personnel for digital transformation

Banks are focusing on digital transformation and automation, which has led to increasing demand for IT and data personnel, according to a report recently released by the recruitment service provider Navigos Group. Staff of Sài Gòn Bank interview candidates at a job fair held by the HCM City University of Economics in May. Photo diendandoanhnghiep.vn Banks need high-quality human resources, yet it can be difficult and costly to find qualified staff due to market competition. Digital transformation has been undertaken by large banks in the past three to five years. Due to competition and the pandemic, numerous banks have expanded their digital transformation over the past two years. Searches by banks for mid- and high-level positions related to digital banking and digital transformation occupied half of bank jobs from the second half of 2021 to mid-2022. Some positions that are always in high demand for digital transformation include product owner, … [Read more...] about Banks struggle to recruit personnel for digital transformation

Dr. Nguyen Thi Mui, a member of the National Advisory Council on Financial and Monetary Policies Recently, central banks worldwide have rushed to raise benchmark interest rates to cool rampant inflation, including the US Federal Reserves (Fed) and European Central Bank (ECB), while many others have also signaled they will raise rates this year. Vietnam News Agency spoke to Associate Professor Dr. Nguyen Thi Mui, a member of the National Advisory Council on Financial and Monetary Policies (NACFMP) about how their moves will affect the global economy, including Viet Nam. Many experts believe the use of interest rate tools by the Fed and ECB and other regulators may slow down their economic recovery and even push them into recession. What is your opinion on this matter? I think this statement is correct. Using the interest rate tool can gradually lower inflation, but to a certain extent, this tool also narrows investment. This means that fewer jobs will be created, businesses … [Read more...] about Monetary policy needs to ensure caution and flexibility: NACFMP

Digital platforms enable greater connection with diverse audiences and higher awareness of less-known aspects of culture. (Photo: Artist Nguyen The Son) New investment models for the cultural arts will be the key to open up development opportunities for Vietnam’s creative industry in the international market. Cooperation needed to create inspiration sources In recent years, after the COVID-19 pandemic broke out, the digitization of cultural and artistic works in Vietnam has made a lot of progress. Professor Julia Gaimster, Dean of the Faculty of Communication and Design, RMIT University, hailed that as an outstanding achievement after five years of implementing the Prime Minister's Strategy for Cultural Industry Development. The substantial inclusion of digital cultural content can help attract domestic audiences and introduce contemporary images of Vietnamese culture to international audiences. Building a digital culture In 2019, Hanoi people were surprised to see on … [Read more...] about Cultural industry renewable and vibrant under digital plan

Electric motorbikes manufactured by Vinfast. Many UK businesses are looking into electric mobility industry in Viet Nam which is expected to grow by double digits in the next few years. — VNS Photo Mai Huong Many British investors are seeking investment opportunities in Viet Nam in the hope of cashing in on free trade agreements (FTAs) that Viet Nam has signed with the UK and other economies worldwide. The UK-Viet Nam Free Trade Agreement (UKVFTA), which officially took effect in May 2021, was one of the first trade deals inked by the UK after it left the European Union by the end of 2020, which reflected the importance of Viet Nam in the UK’s trade policy. Bilateral trade and investment between the two economies have grown significantly with a growth rate of 17 per cent last year. Data of the Foreign Investment Agency under the Ministry of Planning and Investment showed as of October 20, 2021, the UK had 439 valid projects amounting to nearly US$4 billion in registered … [Read more...] about More British investors look at Viet Nam to cash in on free trade agreements

Chairing the 22nd meeting of the central steering committee for corruption and behavior prevention and control in Hanoi on August 17, Trong also requested the submission of regulations regarding power control to the Politburo for approval towards fighting corruption in inspection, supervision, Party discipline enforcement, audit, investigation, prosecution, trial and enforcement of judgments, law-building, use and management of public finances and assets, and press and media activities. He also ordered the investigation, prosecution and trial of cases under the watch of the committee, striving to finish investigations of 14 cases, prosecuting 20 others, holding first-instance trials for 25 cases and appeal trials for five others later this year. Twenty-one other cases, including Viet A Technologies JSC, FLC Group, Tan Hoang Minh Group, the Foreign Ministry’s Consular Department, and AIC Group, must also be clarified, he said. The leader called for attention to promptly completing … [Read more...] about Party chiefs call for improved institutions to fight corruption