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Indian companies are increasingly looking at the lucrative Vietnamese market In mid-December, major Indian IT provider HCL Technologies announced its official foray into Vietnam, where it aims to boost employment, provide resources and skilling local talent to serve its global clients. HCL began operations in Vietnam in July with the goal of hiring more than 3,000 local university graduates and experienced professionals over the next three years. The company has set up its first delivery centre in Hanoi. From there, HCL will deliver advanced technology solutions to its global client base across several industries and verticals, including banking and financial services, healthcare, infrastructure, engineering, and cybersecurity. Another Indian company Sethia Hemraj Rice Oil Co., Ltd. is also ramping up its presence in the country. Surbhi Bachhawat Sethia, vice general director of the company, is upbeat about the fast-paced growth of Vietnam relying on an export-led growth … [Read more...] about Indian companies pin high hopes on Vietnamese market

The Hanoitimes - The Vietnamese Government encourages enterprises from South Korea to further investments in high-tech industries like support industry, IT, energy and high-quality agriculture. Deputy Prime Minister Trinh Dinh Dung made the appeal at the first-ever Maekyung Korea-Vietnam Forum held in Hanoi on December 6 as part of activities to celebrate the 25th anniversary of Vietnam-South Korea diplomatic ties. Deputy Prime Minister Trinh Dinh Dung at the event The event was organised by Seoul-based Maekyung Media Group, the Korea Cultural Industry Forum and the Vietnam Chamber of Commerce and Industry (VCCI). The Deputy PM stressed that the strategic partnership relations between the two countries have seen impressive development in various fields, especially in economy, trade, investment and ODA cooperation. The South Korea is currently the largest FDI investor in Vietnam with more than 6,300 projects worth nearly 60 billion USD. He said both … [Read more...] about Vietnam urges high-tech investments from South Korean enterprises

In some industrial parks in the southern provinces of Dong Nai and Binh Duong, hundreds of companies have put up hiring notices this week. South Korean textile firm Taekwang Vina in Dong Nai is looking for 3,000 workers as it plans to establish four more production chains this year. The company offers a minimum monthly salary of minimum VND7 million ($304). Anyone with basic literacy can apply. Another South Korean textile firm in the province, the Chang Shin Vietnam Company, which has 35,000 workers, is also recruiting an unspecified number of new workers as the number of orders received by the end of this year has already exceeded capacity, prompting it to build two new workshops. In Binh Duong, official data shows local companies are looking for nearly 40,000 workers in several sectors including textiles, wood processing and household products manufacturing. Companies are sending recruiters to sit near main roads to increase chances of contacting candidates. "Businesses … [Read more...] about Workers in high demand as factories expand production

The Hanoitimes - Throughout recent decades, Vietnam has been making progress in accumulating soft power. In the past few decades, the government of Vietnam has been taking numerous actions toward building up and maintaining the country's soft power. Vietnam makes efforts in accumulating soft power Vietnam ranked 50th among the world’s 60 most influential countries in the first-ever Global Soft Power Index released in 2020 by London-based consultancy Brand Finance. Harvard professor Joseph Nye who initiated the idea of “soft power” in the mid-1990s said it is “getting others to want the outcomes that you want.” It can also be understood as the ability to shape the preferences, shaping the agenda of the discussions. Nye identified three main sources of soft power, including culture, domestic policies and values that the country is seeking after, foreign policies and goals of the country abroad. In the Vietnam case, researchers argued that developing soft … [Read more...] about How Vietnam builds up soft power

The Hanoitimes - The gathering is expected to contribute to presenting the new direction for the development of Hanoi. The People's Committee of Hanoi and the United Nations Educational, Scientific and Cultural Organization (UNESCO) will hold the high-level seminar titled "Consultation on initiative: Hanoi - Creative City" on October 2 to discuss how to turn Vietnam's capital city into a creative one, the Government Portal reported. Hanoi - Creative City. Photo: Hanoimoi The event is part of activities to celebrate the 1010th anniversary of Thang Long - Hanoi and the 17th Hanoi Party Congress. It is aimed to realize Hanoi's commitments as a member of the "UNESCO Network of Creative Cities". Furthermore, the event is expected to contribute to presenting the new direction for Hanoi's development, the potentials and opportunities for cooperation in the field of creative design, attracting attention and connecting with international investors and companies. … [Read more...] about Vietnam, foreign experts to discuss how to build Hanoi into UNESCO Creative City