The Australian Embassy in Vietnam and Vietnam’s Ministry of Education and Training (MOET) have launched the second phase of the Vietnam Australia Human Resource Development program (Aus4Skills), valued up to AUD50.1 million from 2021 to 2025. Through the program, the Australian Government will offer Australia Awards Scholarships for Vietnamese citizens to undertake fully funded studies at Australian universities, deliver Australian alumni professional development activities and grants that support Vietnam’s development, and implement higher education capacity building activities with university leaders. “Vietnam and Australia continue to be strategic partners in education and training, which is essential to our human resource development and economic goals. We are thankful for Australia’s continued support for Vietnam’s education priorities and sustainable socio-economic growth.” said H.E. Prof Dr Nguyen Van Phuc, Deputy Minister of MOET. “Australia’s Aus4Skills program …
Australia, Vietnam launch US$37M human resource program for 2021-2025
Australia collaborates on many education and training initiatives with Vietnam, facilitating institution-to-institution partnerships and supporting vibrant Australian alumni associations. Australia will extend support in developing human resources for Vietnam in a program worth AUD50.1 million (US$37.5 million) for 2021-2025. Robyn Mudie, Australian Ambassador and Assoc Prof Nguyen Van Phuc, MOET Vice Minister sign on the Subsidiary Arrangement for Aus4Skills Phase 2 (2021-2025). Photos: Embassy of Australia in Hanoi The assistance will focus on the second Phase of the Vietnam Australia Human Resource Development program (Aus4Skills) that was launched today [Oct 22] by the Australian Embassy in Vietnam and Vietnam’s Ministry of Education and Training (MOET). Accordingly, the Australian Government will offer Australia Awards Scholarships for Vietnamese citizens to undertake fully funded studies at Australian universities, deliver Australian alumni …
Continue Reading about Australia, Vietnam launch US$37M human resource program for 2021-2025 →
JICA partners VP Bank in promoting financial access for women-led SMEs in Vietnam
The loan is in line with the “Initiatives on overseas loans and investment for ASEAN announced by the Government of Japan in 2019 and is implemented by utilizing the “Facility for Accelerating Finance Inclusion in Asia: FAIA.” Small and medium enterprises (SMEs) account for 98.7 percent of the total number of enterprises in Vietnam, 45 percent of the country's gross domestic product and attract 63 percent of employment. However, their access to finance is limited, especially, access to finance is a big hindrance for women-led SMEs. In accordance with the initiative of the "2X Challenge: Financing for Women" launched by financial institutions of the G7 countries, JICA provides more than 30 percent of the total loan amount for women-owned enterprises through VP Bank. The loan will contribute to Vietnam's sustainable economic growth and sustainable development goals on gender equality, building resilient infrastructure, and fostering a global partnership for sustainable development. …
Vietnam has thousands of cooperatives but many are ‘small scale and weak’
The number of cooperatives in Vietnam is 30 times higher than in Japan and 18 times than in Germany, but most of them are small scale and weak. A report reviewing the 20-year implementation of Resolution 13 on reforming and developing the collective economic sector and the 10-year implementation of the 2012 Law on Cooperatives showed that the number of agriculture cooperatives has increased to 18,000 and unions of agriculture cooperatives to 79. Vietnam has 800 cooperatives more every year in recent years. In 2017-2021, the number of cooperatives soared by three times compared with previous years. It’s expected that the country will have 3.23 million cooperative members, or 176 members in each cooperative. In 2020, the average revenue of one cooperative was VND2.44 billion, or 5.64 times higher than in 2001, while the average income of regularly workers was VND40.5 million, or 9.1 times higher than in 2001. According to Vietnam Farmer’s Union, Vietnam’s cooperatives are …
Continue Reading about Vietnam has thousands of cooperatives but many are ‘small scale and weak’ →
Thu Duc launches emulation movement to mark 1st anniversary of its establishment
Vice chairman of the People’s Committee of HCMC Duong Anh Duc speaks at the meeting. (Photo: SGGP) The functional departments, units and organizations of the new city can submit their works to the website http://thuduc-congtrinhthidua.hmgis.vn/ before October 30. In addition, the city has also carried out tasks under the resolution No. 1111/NQ-UBTVQH14 on arranging administrative units at district and commune levels in the 2019-2021 period and building Thu Duc into a smart, creative, civilized and modern city with sentimental attachment and sustainable development. In which, the city has to maintain its achievements in preventing and controlling the pandemic and focus on social welfare activities. Speaking at the conference on reviewing the implementation of the pandemic prevention and control and socioeconomic recovery and launching the emulation movement on October 23, Vice chairman of the People’s Committee of HCMC Duong Anh Duc highly appreciated Thu Duc’s efforts and …
EVIPA ensures FDI flow in medium to long term
Workers in a seafood factory in southern Binh Duong Province. The EU is among the largest export markets for Vietnamese seafood. — VNA/VNS Photo Foreign direct investment (FDI) is to continue flowing into Viet Nam from Europe in the medium to long-term thanks to the EU-Viet Nam Investment Protection Agreement (EVIPA), which was ratified in August last year, experts said. A year later, two-way trade and investment have seen significant progress. Viet Nam-EU trade has increased by 11.9 per cent year-on-year to reach US$54.6 billion. By the end of September this year, EU members were running 2,242 projects in the Southeast Asian country with a total investment registered of $22.2 billion, 5.58 per cent of all foreign investment in Viet Nam. The agreement, which focuses on the liberalisation of non-direct investments and the procedure for settling disputes between investors and the State, replaced the 20 previous bilateral investment agreements between Viet Nam and 21 EU countries. …
Continue Reading about EVIPA ensures FDI flow in medium to long term →
Shares gain on bottom purchases
Welcome gate of Khang Dien House Trading and Investment JSC (KDH)'s Melosa Garden project in District 9, HCM City. Shares of Khang Dien House rose 1 per cent. — Photo courtesy of Khang Dien House Vietnamese shares recovered on Friday as the sharp fall from the previous sessions sent stocks down to attractive prices, thus triggering investors to buy in low. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) gained 0.32 per cent, to finish Friday at 1,389.24 points. It had lost 0.65 per cent to close Thursday at 1,384.77 points. The market breadth was neutral as 216 stocks declined while 217 rose and 51 ended flat. The market’s liquidity was high with nearly 798 million shares traded on the southern market, worth VND21.6 trillion (US$949 million). The 30 biggest stocks tracker, VN30-Index, lost 0.04 per cent to finish at 1,488.71 points. Of the VN30 basket, 15 stocks increased while 13 decreased. In the VN-30 group, The Viet Nam Rubber Group (GVR) …
Sports competitions in Vietnam’s ‘new normal’
The Vietnam Sports Administration is developing a plan for sports competitions to take place safely under ‘new normal’ conditions based on the government’s regulations on flexible and safe adaptation to the COVID-19 pandemic. During the final months of 2020, sports competitions were held in a frenzy as the COVID-19 pandemic was put under control across the country. However, the pandemic is much more serious this year, thus many aspects of normal life, including sports, have been severely affected. In a recent document, the Vietnam Sports Administration stated that two national championships would be organized on a trial basis as part of a plan to organize sports competitions safely in the country’s ‘new normal.’ The two sports events are expected to begin in late October in provinces and cities where the pandemic has been deemed under control. The organizing boards of these competitions must closely coordinate with health and disease control authorities, which will set …
Continue Reading about Sports competitions in Vietnam’s ‘new normal’ →