Business News

Digital transformation in banking requires banks to quickly and strongly shift to digital services in the online environment in order to effectively interact with customers in the front-end, as well as requiring changes in back-end processes to support front-line transitions and improve operational efficiency through increasing digitization and automation. However, human resources in Vietnam to meet these requirements are scarce, causing many Vietnamese banks to compete fiercely to find and retain high-quality personnel.

Foreign investors pledged to pour over US$2.8 billion in real estate sector in the first four months this year, accounting for 30.3 percent of the total foreign direct investment inflows.

The information was revealed in the Việt Nam Smarthome Report 2022, which was launched at a workshop on Internet of Things (IoT)/Smart home in Việt Nam held in Hà Nội on Wednesday.

Japanese-backed Sojitz Corporation is planning to increase its investment portfolio with an upcoming project to develop an additional industrial park (IP) in the southern province of Dong Nai. An MoU was inked last week between Sojitz and its partners.

The inflow of foreign direct investment into Vietnam hit 10.8 billion USD in January - April period, according to the Ministry of Planning and Investment.

After the Vietnamese stock market experienced a turbulent week, analysts believe that the short-term downward risk is likely to remain due to investors’ pessimistic sentiment.

Vietnam is being warned of an inflation increase this year due to great pressure on rising prices of commodities used for domestic production, affecting consumption recovery and growth.

HCMC needs 59,600-65,500 workers in the second quarter of the year as the Covid pandemic has been brought under control, according to the Center of Forecasting Manpower Needs and Labor Market Information HCMC (Falmi).