A discussion on new business models and the exercise of creativity by startups drew a lot of interest from entrepreneurs, investors and experts at the Vietnam Private Sector Economic Forum 2019. One of the big questions raised at the discussion was how to "behave" with new business models and what are the appropriate policies for models in the domestic market without legal framework or precedent. "Through lessons learned from some countries, Vietnam can use a sandbox (approach). It enables a safe environment for businesses to test services or products without the risk of being sued for the legally unauthorized actions," said Nguyen Thien Nghia, deputy director of the Information Technology Department under the Ministry of Information and Communications. Jerry Lim, CEO of Grab Vietnam. Photo by Ngoc Thanh "The use of technology in a new business model is highly competitive. There are some businesses that argue that the new business model destroys traditional business, but I … [Read more...] about Grab backs ‘sandbox’ space for new business models
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VN prepares for new workforce in Industry 4.0
Viet Nam News HCM CITY– The fourth industrial revolution is dramatically affecting labour markets around the world, including in Việt Nam, creating new kinds of jobs for which there will be expected shortages. Trần Anh Tuấn, deputy head of HCM City’s Centre for Forecasting Manpower Needs and Labour Market Information, said that Việt Nam was already using “smart” factories, where robotics, artificial intelligence, cloud computing and data analytics were being used to link production and logistics processes, and make manufacturing more intelligent, efficient and sustainable. The IT industry, recognised as the strategic sector in the 2019-2025 period, will need far more skilled workers than it has today. Many new occupations relating to cybersecurity, information security, programming for mobile apps and 3D game design, are now being created. At least 2,1 million jobs will be created in Việt Nam, mostly in computing, maths and … [Read more...] about VN prepares for new workforce in Industry 4.0
Plan for new era fosters M&A market
Investors met with Deputy Prime Minister Vuong Dinh Hue (right) at Vietnam M&A Forum 2018 with the focus of discussing the future growth of Vietnam’s M&A market, Photo: Le Toan Choosing the right investors At last week’s Vietnam M&A Forum 2018 in Ho Chi Minh City, senior officials, experts, businesses, and investors discussed the future growth of Vietnam’s mergers and acquisitions (M&A) market. After 10 years of booming M&A activities in the country and 30 years of foreign direct investment attraction, many believe that now is the time for Vietnam to map out a plan for the next phase of growth. According to Minister of Planning and Investment Nguyen Chi Dung, in the new era, Vietnam will become much more selective about M&A inflows from overseas. Specifically, foreign investors should be willing to help with Vietnam’s environmental preservation plans and protecting Vietnam’s natural resources. “We’d like to attract … [Read more...] about Plan for new era fosters M&A market
7-day Tet Holiday break planned for state employees
State employees will enjoy a 7-day break for Tet Holiday this year, from February 14 to 20. Vietnamese labourers will have 7-day break for Tet Holiday 2018 The Government Office has sent prime ministerial approved document about Tet Holiday break for state employees to the Ministry of Labour, Invalids and Social Affairs. The ministry's Department of Work Safety will complete the procedures and sent the official announcement for the ministry's approval. Labours will be off from February 14 to February 20. As February 17 (Saturday) and 18 (Sunday) are the second and third days of the lunar new year, civil servants will have two extra days off, on February 19 and February 20. The prime minister asked state agencies to arrange shifts so that the work will not be interrupted. The Ministry of Labour, Invalids and Social Affairs submitted two different plans and asked for opinions from other ministries in October. In the other plan, employees will take the break from February 15 to 21. … [Read more...] about 7-day Tet Holiday break planned for state employees
HCM City requires 78,000 new employees in third quarter
Workers line up at a canteen of a company in Tan Thuan Export Processing Zone in Ho Chi Minh City (Photo: VNA) Hanoi (VNA) – Ho Chi Minh City is forecast to need about 78,000 new employees for the third quarter of 2018, according to the HCM City Centre for Forecasting Manpower Needs and Labour Market Information (FALMI). Most of the vacancies are expected to be in sales and marketing, mechanics, architecture and civil engineering, information technology, garment and textile – footwear, human resources management, corporate management and accountancy. The local labour market needs more high-quality and skilled workers in key sectors, said FALMI Deputy Director Tran Anh Tuan. The city will also work to develop its pool of skilled and trained employees to aid the business expansion of enterprises both at home and overseas, he added. Last quarter, the city needed as many as 80,000 workers, following the establishment of approximately 5,600 new companies since the … [Read more...] about HCM City requires 78,000 new employees in third quarter