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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

Many elderly people join 2nd stage of Nano Covax vaccine trials A total of 367 volunteers, including 30 aged over 60, have been injected with Nano Covax, Vietnam’s first homegrown COVID-19 vaccine candidate, in the second phase of its human trials, according to the Military Medical University. The second stage has been conducted by the university and the Ho Chi Minh City-based Pasteur Institute since February 26. It has been carried out at the university in Hanoi and the medical centre of Ben Luc district in the southern province of Long An, with the participation of 560 volunteers aged from 12-75, including 80 aged over 60. They will receive two doses of either the vaccine or the placebo AIPO4, with an interval of 28 days. Each volunteer will be monitored for 12 months after the first dose. Volunteers receiving shots on the morning of February 26 will receive the second doses in late March. Lieutenant-General Do Quyet, Director of the Military Medical University, said since … [Read more...] about VIETNAM NEWS HEADLINES MARCH 5 (updated hourly)

The Hanoitimes - With a projected contraction of the nation’s labor force by 5% by 2040 due to an aging population, the challenge for manufacturers will be to attract and retain quality workers. Providing childcare for employees has a positive impact on Vietnamese businesses, improving recruitment, retention, and worker productivity, according to a report released today by IFC, a member of the World Bank Group. The export-oriented manufacturing sector has been a key driver of economic growth and job creation in Vietnam, particularly for women who make up over 80% of the sector’s labor force. The business benefits of employer-supported care in Vietnam. Source: IFC. While the global Covid-19 pandemic has impacted demand, the manufacturing industry is well-positioned for the recovery and further growth. With a projected contraction of the nation’s labor force by 5% by 2040 due to an aging population, the challenge for manufacturers will be to attract and retain … [Read more...] about IFC promotes employer-supported childcare in Vietnam to boost workforce efficiency

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

The United States is developing a plan with its 'Quad' allies Japan, India and Australia to distribute COVID-19 vaccines in Asia to offset perceived efforts by China to assert its influence in the region, reports the Financial Times . The White House has been engaged in talks throughout the past few weeks with other members of the Quad, a loosely-formed diplomatic and security initiative between the countries, according to sources cited by the outlet. The effort is ostensibly being led by White House Indo-Pacific policy coordinator, Kurt Campbell, who has held a flurry of meetings with ambassadors representing the member-countries, according to the report. ‘Exclusive Clique’ The security grouping of the Quad came together to provide humanitarian assistance after the Indian Ocean tsunami in 2004, which prompted then-Japanese Prime Minister Shinzo Abe to suggest that they form the Quadrilateral Security Dialogue. China was not mentioned by name at the time, yet Abe’s … [Read more...] about US Reportedly Working on COVID-19 Jab Strategy with ‘Quad’ Allies to Counter ‘Chinese Influence’