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The HCM City Human Resources Forecast and Labour Market Information (Falmi) Centre said the demand for human resources across sectors went up 13.14 percent year-on-year. The highest demand for labour was seen in services with 70.38 percent of total vacant jobs, followed by industry (29.51 percent) and agriculture (0.11 percent). Notably, such sectors as processing and manufacturing, retail and wholesale, motor vehicle maintenance and repair, construction, education and training, and information and communications were the most desperate for workforce. The centre said the demand for trained labourers made up 85.72 percent, including 22.19 percent of university graduates or holders of higher education degrees, mostly in finance-banking, IT, architecture, electricity, marketing, management and health care. Meanwhile, the need for untrained workers accounted for 14.28 percent of the total demand, mainly in chemicals, garment-textile, business-trade, printing, tourism, and lodging and … [Read more...] about HCM City’s job market shows signs of recovery

Masan High-Tech Materials’ management board answer questions from shareholders and investors at the company’s annual general meeting held in Ha Noi on April 12. — Photo courtesy of the company Masan High-Tech Materials (HNX-UpCOM: MSR, MHT) has set a target of net revenue growth of over 50 per cent in 2021, attributing to the H.C. Starck Tungsten Powders integration for the whole year, higher sales revenue and selling prices on the market. The better price and bigger revenue will enable Masan High-Tech Materials to achieve earnings before interest, taxes, depreciation, and amortisation (EBITDA) growth more than 100 per cent over last year, and strongly backed by the strict cost control in lean production activities. Attributable net profit after tax is expected to be at appropriately VND200 - 400 billion (US$8.66 -17.3 million). Speaking at its annual general meeting with the theme of “Go Global” held in Ha Noi on April 12, Craig Richard Bradshaw, general director of Masan … [Read more...] about MHT continues ‘Going Global’, reinforcing the vision to become a leading integrated supplier of advanced high-tech materials

Technology and utilizing operational benefits are the key factors enabling the multinational firm to serve dozens of power plants in Vietnam. Vietnam, with annual power demand growth of roughly 10%, requires significant improvements in energy efficiency, emission intensity together with national energy mix restructuring for low-carbon economic growth. Wind farm in Vietnam's Ninh Thuan Province. Photo: GE Renewable Energy To make a transition towards greener economic growth, intensified investment in renewable energy become indispensable as energy intensity over the last decade was the only negative driver resulting in the slowdown of carbon emissions in the country. The broader engagement of GE in green energy in Vietnam has contributed partly to the country’s power transition as the US-based company now generates up to 30% of Vietnam’s power with a GE fleet of nearly 30 gas turbines, servicing over 10 power plants and projects. GE Spokesperson Som … [Read more...] about How GE help decarbonization in Vietnam?

LG Electronics is looking to sell its smartphone plants. Source: Glassdoor After announcing to withdraw from the smartphone business, LG Electronics is closing down production plants in Haiphong (Vietnam), Taubate (Brazil), and Qingdao (China) after failing to effect a breakthrough, according to Business Korea . Of these, the Haiphong plant, which is the largest among LG Electronics' smartphone plants with an annual capacity of about 10 million smartphones, equaling about half of LG's total smartphone output, has been announced to find a buyer at the selling price of KRW100 billion ($90 million). Realising the difficulties of finding a local buyer, which is going to manufacture almost 10 million smartphones per year, LG Electronics is considering selling the plant site only, without the production lines. The Taubate and Qingdao plants are facing the same difficulties. They have a total capacity of about 8-9 million smartphones a year. After a rumour about the sale of the … [Read more...] about LG Electronics looking for buyer for smartphone plants

Travel agencies in the Central region are creating new tourism products in preparation for the upcoming holidays on April 30 and May 1. Provinces in the Central region are expected to see significant tourism growth this summer. — Photo courtesy of tuoitre.vn The tourism industry expects to see significant growth during this peak season, especially if COVID-19 is effectively under control. During the first days of April, the human resources department at Danang Golden Bay Hotel in Da Nang has been calling former staff and recruiting new interns to host future guests. Business director of the hotel, Mai Thi Kim Oanh, told Tuổi Trẻ (Youth) newspaper that the hotel has received over 100 bookings for the upcoming holiday and the number of bookings continues to increase. Even though hotel guests have a tendency to book only a few days in advance, the current growth rate is a positive sign for the industry and Oanh expects to have 60 to 80 per cent of rooms booked this … [Read more...] about Central Vietnam prepares for busy upcoming holiday