Moving On Up: New HR leaders at MUFG Bank, NetExpat and more
Here’s what’s new, and who’s changing roles and stepping up across the HR community in Southeast Asia. Paul Simons Chief Human Resources Officer for Asia Pacific MUFG Bank Singapore Paul Simons is the new Chief Human Resources Officer for Asia Pacific at MUFG Bank. He is based in Singapore and has over 30 years of […]
PouYuen Vietnam to lay off 1,220 workers
PouYuen Vietnam, the largest garment manufacturer in Ho Chi Minh City, is set to lay off 1,220 workers this month. The company will provide financial aid totaling VND165 billion to the laid-off workers, equivalent to 0.8 months of salary for each year of service. The average allowance per employee is VND133 million. The decision to […]
Vietnam faces challenges in creating ‘green jobs’
Vietnam is facing challenges in creating enough qualified workers for new roles in the green energy transition. The demand for green skills is outpacing its availability, and around 60% of young people may lack the necessary skills to thrive in the green economy by 2030. The International Labour Organization estimates that there will be about […]
Malaysia Top 3, Singapore ranked 14th in offshore services
Malaysia emerged among the top three locations worldwide for potential offshore services, ranking 3rd in the list according to Kearney’s 2023 Global Services Location Index (GSLI). Singapore ranked 14th this year compared to 38th in 2021, noting a significant advancement. Although APAC markets remained prominent within the top 10, the Philippines descended from the list, […]
Vietnam shines in global banking digital transformation
Vietnam’s banks are among the earliest in the world to embrace digital transformation, revealed at the Financial Services – Retail Banking Forum in Ho Chi Minh City. Vu Viet Ngoan, former chairman of the National Financial Supervisory Commission, underlined that over 30% of Vietnamese are utilising banking apps, ranking the nation second globally after China. […]
Employment surge in Vietnam’s IT sector amid digital shift
Vietnam’s transition to digital technology is accelerating job opportunities for professionals skilled in IT and high-tech industries. Vice-Chairman of the Ho Chi Minh City Vocational Education Association, Tran Anh Tuan, suggested that engineering technology could meet around 35% of Vietnam’s job requirements. Fields such as automation, automotive technology, electronics, industrial design, and environmental technology are […]
Vietnam and Philippines emerge as talent hotspots amid economic downturn
Economic pressures have led companies to turn to Vietnam and the Philippines for affordable, skilled talent. A report from Recruitery showed a 300% growth in companies utilising their Employer of Record and payroll services in these countries for Q1 2023. However, local job markets saw a 51% downturn. Software, product, marketing, and accounting roles found […]
Vietnam encouraged to invest in AI ecosystem for economic growth
Vietnam needs to invest in the AI ecosystem across various factors and fields to benefit from the potential of Artificial Intelligence (AI), according to Torus.AI Company’s Director, Nguyen Tien Dung. Speaking at a talk titled “Investment for AI: Opportunities for Vietnam” held by Tia Sang Magazine on May 7, Dung emphasized the importance of investing […]
Vietnam reaffirms commitment to productivity strategy in pursuit of high-income status
In a high-level meeting with Asian Productivity Organization (APO) Secretary-General Dr. Indra Pradana Singawinata on 26 April 2023, Vietnamese Prime Minister Pham Minh Chinh outlined the country’s productivity strategy. The strategy focuses on enhancing institutional quality, upgrading human capital development, advancing governance capacity, and refining resources management, with the ultimate goal of becoming a high-income […]
Vietnam’s labour market experiences positive growth in Q1 2023
Vietnam’s labour market witnessed growth in Q1 2023, according to the General Office of Statistics (GSO). The labour force increased by 88,700 people, reaching 52.2 million workers, with employment and wages also improving. Urban labour force saw an increase of 121,000 workers, while the rural workforce dropped by 32,300. Trained workers with degrees or certificates […]
