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Vietnamese and Japanese firms receive support to expand operations The Japan Trade Promotion Organisation (JETRO) will host an online scheme on March 3 in Hanoi aimed at connecting Japanese businesses in the field of manufacturing and production, known as Monozukuri in Japanese term to facilitate co-operation amid the negative impacts caused the COVID-19 pandemic. According to a representative from the JETRO, the business matching programme will see the participation of 40 Japanese companies for the purpose of accelerating the development of the country’s supporting industry. At present, the scheme has received registration for 50 negotiations from enterprises from Japan, Vietnam, and Taiwan (China), whilst it is still receiving registration from businesses wishing to purchase and seek Japanese suppliers in the Monozukuri field until March 1. A recent survey conducted by the JETRO unveiled that Japanese businesses remain keen on the Vietnamese market as the … [Read more...] about VIETNAM BUSINESS NEWS MARCH 5

More than 70 per cent of Việt Nam’s working-age women are in the labour force. Photo ILO Vietnam HÀ NỘI – With a remarkably high labour market participation rate, women in  Việt Nam face multiple and persistent labour market inequalities, and carry a disproportionate double burden of work and family responsibilities, researchers have revealed. A new research brief by the International Labour Organization (ILO) in Việt Nam shows the COVID-19 pandemic has not only exacerbated existing inequalities but created new gender gaps. More than 70 per cent of Việt Nam’s working-age women are in the labour force, compared to the global level of 47.2 per cent and an average of 43.9 per cent in Asia and the Pacific. While the gender gap in labour force participation is narrower in Việt Nam than in the world, it has still stood at 9.5 percentage points (men’s rate higher than women’s) over the last decade. According to the research brief 'Gender and the labour market in Viet Nam: … [Read more...] about COVID-19 widens existing gender inequalities: ILO

According to at least one recent survey, very few people are actually concerned that their jobs are under threat from further automation. Photo: Shutterstock As businesses and governments in Vietnam scramble to recover from the pandemic, digital transformation is more crucial than ever. The world of work and employment markets have been going through a profound shift to virtual, from remote working, webinars, online advertising, and entertainment to e-payments. Adrien Bizouard, country manager of Robert Walters Vietnam, said that industries that have taken the lead in digital transformation include financial services and insurance companies, largely driven by the penetration of fintech companies. Fast-moving and standard consumer goods are the next sectors where companies will implement e-commerce platforms or introduce omnichannel transformation, using both online and offline channels. An example would be Decathlon, a sports company which first opened online retail in Vietnam … [Read more...] about Employment opportunities fit for the Industry 4.0 era

Household waste, stored in plastic bags, is piled in Hoàng Văn Thái Street, Hà Nội. —VNA/VNS Photo Tuấn Đức HÀ NỘI — The use of plastic bags and products in traditional markets and shops continues to plague Hà Nội. Phạm Huy, a small trader in a traditional market in Long Biên District, said plastic bags and products were selling in large quantities in local markets because they were not only cheap but also convenient. It costs VNĐ30,000 (US$1.3) per roll of 100 plastics bags and VNĐ20,000 ($0.8) for 50 plastic cups, he said. Huy said the number of people shopping at the market was very large and most of them asked for plastic bags. Few people carried their own bags to the market. “If we do not use plastic bags, we have nothing to store things for our customers,” he said. An owner of a food shop in Quán Thánh Street, Ba Đình District, said his customers often asked for takeaway food in plastic containers. Although he knew of the impacts of plastic bags and … [Read more...] about Plastic bags and products still plague Ha Noi

The Hanoitimes - The government and the International Finance Corporation aims to increase the number of women in leadership positions in banks. The International Finance Corporation (IFC), a member of the World Bank Group (WB), and the State Bank of Vietnam (SBV) have signed a cooperation agreement to promote initiatives on enhancing the employment of talented women in management in the finance-banking industry as well as sustainable and inclusive economic growth. Vietnam, IFC will together promote female management in finance-banking. Photo: Thuy Truc Over the next 18 months, the IFC and the SBV will conduct a survey on the employment of women in banks and key barriers to the employment of women in managing positions. With the support of the Facility for Investment Climate Advisory Services (FIAS), the project will also build a pilot learning platform to share knowledge and experiences from global good practices for talent development, staff planning, … [Read more...] about Vietnam, IFC together to promote female management in finance-banking