The document provides an overview of labor export from Vietnam in the context of international economic integration. It discusses the benefits of labor export, including job creation, improved living standards, and increased foreign exchange earnings. However, it also notes risks such as weak legal protections, low education levels among Vietnamese workers, and potential exploitation by foreign companies. Opportunities for labor export include traditional markets in East Asia, but Vietnam also faces challenges in improving workers' skills to better compete globally and maintaining market share as conditions change.
This document provides an overview of doing business in Vietnam for Irish companies. It discusses Vietnam's growing economy and opportunities in various sectors such as education, telecom, and engineering. The document emphasizes important cultural factors for conducting business in Vietnam such as respecting hierarchy and saving face. Irish companies that have succeeded in Vietnam stress the importance of regularly visiting Vietnam to build relationships and having local representatives. While bureaucracy can be challenging, operating costs are low in Vietnam. The document aims to give Irish businesses practical advice for entering the Vietnamese market successfully.
This document summarizes a research paper that examines the socio-enterprise profile of Dalit entrepreneurs in Tiruchirappalli district, Tamil Nadu, India. The paper finds that most Dalit entrepreneurs are male, under 35 years old, educated up to intermediate level, from the Pallan sub-caste, earn less than 1 lakh rupees annually, and have nuclear families of 4-5 members. Most enterprises are first-generation, interest-driven, registered, sole proprietorships located in residential areas with 1-5 lakhs invested. The majority are in the service sector with under 9 employees. The paper concludes that Dalit entrepreneurship can improve socio-economic conditions but faces challenges
Doing Business in India - RSM India publication (2012)RSM India
India is one of the fastest growing economies in the world with a GDP growth rate of around 7% annually. It has a large, young population and is becoming an important market and outsourcing destination globally due to availability of skilled labor. Various sectors like IT, pharmaceuticals, banking and manufacturing have seen growth. Foreign investment is permitted in most sectors either through automatic or approval route. Setting up operations in India can be done through companies, branches, liaison offices or project offices. Key compliance requirements include regulatory filings and following labor laws. Corporate tax rate is 30-33% while individual tax slabs range from 0-30%. India provides various incentives for businesses and seeks to continue reforms to further improve ease of doing business
Thailand has made remarkable progress in developing its human resources through education and training programs. There are several government agencies and initiatives that support human resource development in Thailand. This includes the Board of Investment which provides tax incentives for training programs, the Ministry of Higher Education which oversees education programs, and initiatives like the Talent Mobility Program and Dual Vocational Training Program. Collaboration between the public and private sectors is seen as important for developing a skilled workforce and ensuring training meets the needs of the job market. The Eastern Economic Corridor also has several centers and models focused on human resource development, such as the EEC Human Resource Development Center, to support targeted industries in the region.
The document discusses problems facing small and medium enterprises (SMEs) in Pakistan. It notes that there is no official definition of SMEs, making it difficult to monitor their development. Major problems SMEs face include electricity shortages, high input costs, lack of access to financing, and poor government policies. Additionally, SMEs rely on outdated technology and lack technical skills. While SMEs contribute significantly to Pakistan's economy through job creation and exports, access to financing remains limited due to an incomplete legal/regulatory framework and non-SME friendly banking practices. Continued efforts are needed to promote SME lending through an enabling environment and tailored banking products.
Islamic Tourism: Factors that Influence Muslim Tourist and How to Promote Tou...Rininta Nurrachmi
This document provides an introduction and table of contents for a book titled "Intra Trade in OIC". The book contains papers on issues related to promoting trade among Organization of Islamic Cooperation (OIC) countries. The introduction discusses the different economic groups within the OIC and outlines the purpose of compiling selected papers from a workshop on intra-OIC trade. The table of contents provides an overview of 16 chapters that address topics such as the level of intra-OIC trade, obstacles to trade, business models to promote trade, and sector-specific issues. The contributors include academics and researchers studying economic and trade issues in OIC countries.
Small and Medium Enterprise (SME) of Bangladeshestiaqur
Small and medium-sized enterprises (SMEs; sometimes also small and medium enterprises) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. SMEs are also said to be responsible for driving innovation and competition in many economic sectors.
In Bangladesh, SMEs including micro enterprises comprise over 99 per cent of all industrial units, contributing over 85 per cent of industrial employment. 81 thousand SMEs all together constitute more than 93 per cent of the total 10+ units. Again, focusing on the 10+ units, small units contribute to 35 per cent of the employment, followed by medium and large units comprising 8.8 and 56.0 per cent respectively. In other words, SMEs employ 1.3 million people, constituting 44 percent of employment generated by 10+ units.
The document discusses the Indian Institute of Foreign Trade (IIFT), which was established in 1963. Some key details include:
- IIFT offers MBA and other management programs in international business and trade. It has trained over 40,000 professionals globally.
- The institute undertakes research, consultancy work, and organizes seminars/conferences on issues related to international trade.
- IIFT collaborates with various Indian government departments and international organizations involved in trade and exports.
- The 2-year MBA in International Business program has an annual fee that varies based on caste/category, ranging from Rs. 175,000 to Rs. 350,000 for Indians and $18,500 for foreigners
This document provides an overview of doing business in Vietnam for Irish companies. It discusses Vietnam's growing economy and opportunities in various sectors such as education, telecom, and engineering. The document emphasizes important cultural factors for conducting business in Vietnam such as respecting hierarchy and saving face. Irish companies that have succeeded in Vietnam stress the importance of regularly visiting Vietnam to build relationships and having local representatives. While bureaucracy can be challenging, operating costs are low in Vietnam. The document aims to give Irish businesses practical advice for entering the Vietnamese market successfully.
This document summarizes a research paper that examines the socio-enterprise profile of Dalit entrepreneurs in Tiruchirappalli district, Tamil Nadu, India. The paper finds that most Dalit entrepreneurs are male, under 35 years old, educated up to intermediate level, from the Pallan sub-caste, earn less than 1 lakh rupees annually, and have nuclear families of 4-5 members. Most enterprises are first-generation, interest-driven, registered, sole proprietorships located in residential areas with 1-5 lakhs invested. The majority are in the service sector with under 9 employees. The paper concludes that Dalit entrepreneurship can improve socio-economic conditions but faces challenges
Doing Business in India - RSM India publication (2012)RSM India
India is one of the fastest growing economies in the world with a GDP growth rate of around 7% annually. It has a large, young population and is becoming an important market and outsourcing destination globally due to availability of skilled labor. Various sectors like IT, pharmaceuticals, banking and manufacturing have seen growth. Foreign investment is permitted in most sectors either through automatic or approval route. Setting up operations in India can be done through companies, branches, liaison offices or project offices. Key compliance requirements include regulatory filings and following labor laws. Corporate tax rate is 30-33% while individual tax slabs range from 0-30%. India provides various incentives for businesses and seeks to continue reforms to further improve ease of doing business
Thailand has made remarkable progress in developing its human resources through education and training programs. There are several government agencies and initiatives that support human resource development in Thailand. This includes the Board of Investment which provides tax incentives for training programs, the Ministry of Higher Education which oversees education programs, and initiatives like the Talent Mobility Program and Dual Vocational Training Program. Collaboration between the public and private sectors is seen as important for developing a skilled workforce and ensuring training meets the needs of the job market. The Eastern Economic Corridor also has several centers and models focused on human resource development, such as the EEC Human Resource Development Center, to support targeted industries in the region.
The document discusses problems facing small and medium enterprises (SMEs) in Pakistan. It notes that there is no official definition of SMEs, making it difficult to monitor their development. Major problems SMEs face include electricity shortages, high input costs, lack of access to financing, and poor government policies. Additionally, SMEs rely on outdated technology and lack technical skills. While SMEs contribute significantly to Pakistan's economy through job creation and exports, access to financing remains limited due to an incomplete legal/regulatory framework and non-SME friendly banking practices. Continued efforts are needed to promote SME lending through an enabling environment and tailored banking products.
Islamic Tourism: Factors that Influence Muslim Tourist and How to Promote Tou...Rininta Nurrachmi
This document provides an introduction and table of contents for a book titled "Intra Trade in OIC". The book contains papers on issues related to promoting trade among Organization of Islamic Cooperation (OIC) countries. The introduction discusses the different economic groups within the OIC and outlines the purpose of compiling selected papers from a workshop on intra-OIC trade. The table of contents provides an overview of 16 chapters that address topics such as the level of intra-OIC trade, obstacles to trade, business models to promote trade, and sector-specific issues. The contributors include academics and researchers studying economic and trade issues in OIC countries.
Small and Medium Enterprise (SME) of Bangladeshestiaqur
Small and medium-sized enterprises (SMEs; sometimes also small and medium enterprises) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. SMEs are also said to be responsible for driving innovation and competition in many economic sectors.
In Bangladesh, SMEs including micro enterprises comprise over 99 per cent of all industrial units, contributing over 85 per cent of industrial employment. 81 thousand SMEs all together constitute more than 93 per cent of the total 10+ units. Again, focusing on the 10+ units, small units contribute to 35 per cent of the employment, followed by medium and large units comprising 8.8 and 56.0 per cent respectively. In other words, SMEs employ 1.3 million people, constituting 44 percent of employment generated by 10+ units.
The document discusses the Indian Institute of Foreign Trade (IIFT), which was established in 1963. Some key details include:
- IIFT offers MBA and other management programs in international business and trade. It has trained over 40,000 professionals globally.
- The institute undertakes research, consultancy work, and organizes seminars/conferences on issues related to international trade.
- IIFT collaborates with various Indian government departments and international organizations involved in trade and exports.
- The 2-year MBA in International Business program has an annual fee that varies based on caste/category, ranging from Rs. 175,000 to Rs. 350,000 for Indians and $18,500 for foreigners
Entrepreneurship development problems in bangladeshFayshal Akash
This document discusses entrepreneurship development problems in Bangladesh. It begins by defining entrepreneurs and entrepreneurship. It then shows Bangladesh lags far behind countries like the US, Sweden, China and others in terms of entrepreneurship development. Some key problems discussed are a lack of access to financing, political instability, excessive taxation, harassment, deficiencies in education and training programs, scarcity of resources and technology, and barriers faced by women entrepreneurs. The document outlines some remedial programs and organizations providing support. It concludes by thanking the audience.
This document is a report submitted to a professor at the University of Dhaka on the impact of loans from National Bank Limited to small and medium enterprises on satisfying the basic needs of credit holders. The report analyzes how increased income from SME loans helps credit holders meet needs like food, education, medical care, and housing. It provides context on the importance of SMEs to the Bangladeshi economy and employment. The methodology section describes how the report collected data through surveys of 35 credit holders in Dhaka to analyze the effects of SME loans on income levels and ability to afford basic living costs. The findings and conclusions sections examine the results and determine that most credit holders experienced increased income that allowed better provision of basic needs
The document is a prospectus for an MBA in International Business offered jointly by the Indian Institute of Foreign Trade (IIFT) in New Delhi, India and the Institute of Finance Management (IFM) in Dar es Salaam, Tanzania. It provides an overview of the two institutions and their collaboration on the program. The 2-year course consists of 10 terms/trimesters covering topics such as international trade, marketing, finance, strategy, and includes visits to local businesses. It aims to prepare students for careers in international management and take advantage of opportunities in Africa's growing trade and economy. IFM provides infrastructure and some faculty while IIFT faculty teach some courses and help build institutional capacity in international business.
This document summarizes a presentation on driving growth through innovation in the textile and garment manufacturing industry. The presentation discusses:
1. Innovation is essential for business success as companies that did not innovate have gone out of business. Asian countries like China and India emerged as major textile producers due to lower costs.
2. Western countries have shifted to focus on high-end, innovative products while Asia produces basic goods. Companies need a strategic shift from basic to innovative products for higher profits.
3. Ways to kickstart innovation include funding R&D, having a visionary organization, exploring new areas, and grooming innovators within the company. A four-pronged approach of funds
Introduction to small & Medium Enterprises (SMEs)Abir Hossain
Introduction
Definition of SMEs: Bangladesh Perspective
Definition of SMEs: International Perspective
Definition of SMEs in some selected countries: India, Japan, Korea, Malaysia, Thailand, China and Vietnam
Contribution of SMEs in Bangladesh Economy
Contribution of SMEs: International Experience
Major constraints of SME around the globe.
Conclusion
Along the Mekong An Economic Belt Beyond the RiverMaxCho
The document discusses the economic potential of the Mekong River region located between India and China. It summarizes the experiences of reporters who visited the region over 30 days and spoke with local individuals. The region is expected to become an important economic belt and many countries and companies are competing to gain influence and access its market and natural resources. Infrastructure development projects and foreign investment are increasing in the region's countries like Cambodia, Laos, and Myanmar as they pursue economic growth.
This slide is prepared based on the position of small and median enterprise. Especially is defined the small and median enterprise separately. The different sectors of sme are also included. The process of loan application for sme load and the documents that are needed for sme loan is described.
This document provides information about getting a job in China. It discusses the basic requirements, including having proficient English, professional skills in one's field of work, and some Chinese language ability. It also outlines the visa and tax processes for foreigners working in China. Common types of companies that hire foreigners are multinational firms and growing small-to-medium enterprises. Popular career areas include marketing, finance, IT, and legal services. The document also notes important aspects of living and working in China as a foreigner.
Growth and Development of FDI on Indian EconomyIJMER
India has been attracting substantial of foreign direct investment since last few decades,
highly in services sector, telecommunications, software products, real estate etc. FDI are highly
promoting manufacturing sector of India’s exports & attracting more number of earnings on Foreign
exchange, Institutional Investments, MNCs and speeding up our economic growth through Technology
transfer, Employment generation and improved access to managerial expertise, global capital, product
markets and distribution network. FDI bring out the generation-wise innovation, hidden technology,
spending more on research & development to retain our strength in the globalised competitor
products. Indian economy is going to over track the developed and developing countries. Recently, due
to the recession most of the countries have not able to run their investment as well, but India has been
managed better then developed country without elevated struggling. This paper analyzes the growth
and development of FDI and it discussed the Indian economic growth through FDI. In addition it
explains and showed the various sector-wise FDI performances in India
2019 HRflag Global 50 HR Services Listed CompaniesHRflag
【June 26, 2019, Shanghai】Compiled by HRflag which is a communication platform, digital community and think tank leading in China's HR service industry, the “2019 HRflag Global 50 HR Services Listed Companies” global ranking is officially announced.
This document discusses SME financing in Bangladesh. It begins with an introduction to microcredit and SMEs, noting their importance for economic development and job creation. It then provides definitions for small and medium enterprises.
The bulk of the document discusses steps taken by Bangladesh Bank to promote SME financing, including refinance schemes, dedicated desks in banks, and targets for SME loan disbursement. Special arrangements are outlined for women entrepreneurs, including allocating 15% of refinance funds for women and interest rates not exceeding 10% for women borrowers.
Potential sectors for SMEs in Bangladesh are also listed, including agro-based industries, fishing, IT, clothing, and retail.
This document provides a skills plan for the South African banking sector from 2013-2014. It analyzes the sector context, demand for skills, and supply of skills. In terms of demand, it identifies scarce skills like risk specialists, credit card specialists, and IT skills. Drivers of skills shortages include lack of experienced black candidates and limited tertiary education access. On the supply side, it finds low math and science pass rates limiting skills flows, and notes the need for collaboration across SETAs to address common skills needs like financial compliance and management skills. The plan aims to increase skills development opportunities to support the sector's growth and transformation goals.
The document discusses financing technical and vocational education and training (TVET) in China. It notes that TVET is important to support China's economic growth and promote social development by meeting the demands of employers and increasing employment opportunities. However, China's TVET system suffers from weaknesses such as fragmentation, poor coordination, and inadequate and inefficient financing. Addressing issues with TVET financing and creating a coordinating body could help improve the system's relevance, effectiveness, and efficiency in developing workers' skills.
The ECP is a student-run consultancy project that conducts market research for companies interested in opportunities in Malaysia. A team of 25 students will research promising sectors of the Malaysian economy and provide tailored reports and recommendations for client companies. The research process takes place over several stages from October 2014 to October 2015, including general desktop research, customized engagements with clients, and a field research period in Malaysia. The ECP offers objective and affordable market insights to help companies explore and capitalize on business opportunities in the emerging Malaysian market.
The document provides information about the Asian Financial Forum (AFF), which brings together influential figures from global finance and business communities to discuss developments in Asian markets. It will be held on January 18-19, 2016 in Hong Kong. The AFF features discussions on topics related to finance and business, and allows participants to network and explore opportunities. It is considered an important platform for encouraging regional economic development.
- Dr. Ajay Kela is the President and CEO of Wadhwani Foundations, which oversees initiatives in skills development, research and innovation, and Indo-US policy. He has over 30 years of experience in the IT industry.
- Wadhwani Foundations aims to create jobs through training young people, inspiring entrepreneurship in institutes, and its research and innovation network. It works with over 1,400 schools and has trained over 3,000 faculty at 500 institutes in entrepreneurship.
- Looking ahead, the foundation wants to build a vocational track for the 5 million students in India who leave school after 12th grade each year so they can earn 15,000-20,000
This document discusses Thailand's efforts to promote science, technology, and innovation to drive economic growth. It outlines the role of the National Science and Technology Development Agency (NSTDA) in funding competitive research, transferring knowledge and technology, developing human resources, and building infrastructure. NSTDA focuses on key industry clusters like food and agriculture, where Thailand already has strengths, to develop innovative products and services.
The document summarizes the current state of Bangladesh's economy, prospects for future growth, and challenges. It notes that Bangladesh has experienced steady GDP growth of around 6% annually in recent years. While the economy faces infrastructure and political stability challenges, it also has a young workforce, growing exports, and opportunities in sectors like pharmaceuticals and shipbuilding. The document argues that Bangladesh has the potential to become a middle income country by 2021 and one of the 30 largest economies by 2030 if it addresses challenges through public-private partnerships and other solutions.
The document discusses small and medium enterprises (SMEs) in Pakistan. It defines SMEs based on employee count and business worth, noting that over 99% of businesses in Pakistan are SMEs. SMEs make up a significant portion of the economy, employing over 78% of the non-agricultural labor force and contributing over 40% to GDP. However, SMEs face challenges such as lack of infrastructure, access to financing, and interactions with government policies and regulations. The Small and Medium Enterprise Development Authority (SMEDA) was established to facilitate business development services, financial support, and technical training to support the growth of SMEs in Pakistan.
This paper sets out to raise the visibility and awareness of the components involved in labor export to the basic characteristics of labor export in Vietnam. There are benefits and risks regarding the labor export. It helps to solve the problem of high unemployment rates and enhances the national balance of payment.
Remittances make up a large source of foreign funds in Vietnam. Gender equality is also promoted by labour export, because many women have become migrant workers. However, the “brain drain” is still the foremost concern. Protection of migrant workers’ rights also draws great attention. The great reliance on the global market makes the country vulnerable to external shocks.
Indian Labour market information and analytical systemJohn Itteera
The Indian Labour Market Information and Analytical System is a national aggregator that collects data from over 30 state skill commissions, 20 central ministry skill programs, and over 20 sector skill councils to standardize policy, aggregate demand and supply data, and analyze industry skill needs and future skill requirements. It maintains directories of certified skilled candidates, accredited training partners, approved courses, empaneled assessors, industry bodies, and certified trainers to forecast trends and predict the future of India's labor market.
Entrepreneurship development problems in bangladeshFayshal Akash
This document discusses entrepreneurship development problems in Bangladesh. It begins by defining entrepreneurs and entrepreneurship. It then shows Bangladesh lags far behind countries like the US, Sweden, China and others in terms of entrepreneurship development. Some key problems discussed are a lack of access to financing, political instability, excessive taxation, harassment, deficiencies in education and training programs, scarcity of resources and technology, and barriers faced by women entrepreneurs. The document outlines some remedial programs and organizations providing support. It concludes by thanking the audience.
This document is a report submitted to a professor at the University of Dhaka on the impact of loans from National Bank Limited to small and medium enterprises on satisfying the basic needs of credit holders. The report analyzes how increased income from SME loans helps credit holders meet needs like food, education, medical care, and housing. It provides context on the importance of SMEs to the Bangladeshi economy and employment. The methodology section describes how the report collected data through surveys of 35 credit holders in Dhaka to analyze the effects of SME loans on income levels and ability to afford basic living costs. The findings and conclusions sections examine the results and determine that most credit holders experienced increased income that allowed better provision of basic needs
The document is a prospectus for an MBA in International Business offered jointly by the Indian Institute of Foreign Trade (IIFT) in New Delhi, India and the Institute of Finance Management (IFM) in Dar es Salaam, Tanzania. It provides an overview of the two institutions and their collaboration on the program. The 2-year course consists of 10 terms/trimesters covering topics such as international trade, marketing, finance, strategy, and includes visits to local businesses. It aims to prepare students for careers in international management and take advantage of opportunities in Africa's growing trade and economy. IFM provides infrastructure and some faculty while IIFT faculty teach some courses and help build institutional capacity in international business.
This document summarizes a presentation on driving growth through innovation in the textile and garment manufacturing industry. The presentation discusses:
1. Innovation is essential for business success as companies that did not innovate have gone out of business. Asian countries like China and India emerged as major textile producers due to lower costs.
2. Western countries have shifted to focus on high-end, innovative products while Asia produces basic goods. Companies need a strategic shift from basic to innovative products for higher profits.
3. Ways to kickstart innovation include funding R&D, having a visionary organization, exploring new areas, and grooming innovators within the company. A four-pronged approach of funds
Introduction to small & Medium Enterprises (SMEs)Abir Hossain
Introduction
Definition of SMEs: Bangladesh Perspective
Definition of SMEs: International Perspective
Definition of SMEs in some selected countries: India, Japan, Korea, Malaysia, Thailand, China and Vietnam
Contribution of SMEs in Bangladesh Economy
Contribution of SMEs: International Experience
Major constraints of SME around the globe.
Conclusion
Along the Mekong An Economic Belt Beyond the RiverMaxCho
The document discusses the economic potential of the Mekong River region located between India and China. It summarizes the experiences of reporters who visited the region over 30 days and spoke with local individuals. The region is expected to become an important economic belt and many countries and companies are competing to gain influence and access its market and natural resources. Infrastructure development projects and foreign investment are increasing in the region's countries like Cambodia, Laos, and Myanmar as they pursue economic growth.
This slide is prepared based on the position of small and median enterprise. Especially is defined the small and median enterprise separately. The different sectors of sme are also included. The process of loan application for sme load and the documents that are needed for sme loan is described.
This document provides information about getting a job in China. It discusses the basic requirements, including having proficient English, professional skills in one's field of work, and some Chinese language ability. It also outlines the visa and tax processes for foreigners working in China. Common types of companies that hire foreigners are multinational firms and growing small-to-medium enterprises. Popular career areas include marketing, finance, IT, and legal services. The document also notes important aspects of living and working in China as a foreigner.
Growth and Development of FDI on Indian EconomyIJMER
India has been attracting substantial of foreign direct investment since last few decades,
highly in services sector, telecommunications, software products, real estate etc. FDI are highly
promoting manufacturing sector of India’s exports & attracting more number of earnings on Foreign
exchange, Institutional Investments, MNCs and speeding up our economic growth through Technology
transfer, Employment generation and improved access to managerial expertise, global capital, product
markets and distribution network. FDI bring out the generation-wise innovation, hidden technology,
spending more on research & development to retain our strength in the globalised competitor
products. Indian economy is going to over track the developed and developing countries. Recently, due
to the recession most of the countries have not able to run their investment as well, but India has been
managed better then developed country without elevated struggling. This paper analyzes the growth
and development of FDI and it discussed the Indian economic growth through FDI. In addition it
explains and showed the various sector-wise FDI performances in India
2019 HRflag Global 50 HR Services Listed CompaniesHRflag
【June 26, 2019, Shanghai】Compiled by HRflag which is a communication platform, digital community and think tank leading in China's HR service industry, the “2019 HRflag Global 50 HR Services Listed Companies” global ranking is officially announced.
This document discusses SME financing in Bangladesh. It begins with an introduction to microcredit and SMEs, noting their importance for economic development and job creation. It then provides definitions for small and medium enterprises.
The bulk of the document discusses steps taken by Bangladesh Bank to promote SME financing, including refinance schemes, dedicated desks in banks, and targets for SME loan disbursement. Special arrangements are outlined for women entrepreneurs, including allocating 15% of refinance funds for women and interest rates not exceeding 10% for women borrowers.
Potential sectors for SMEs in Bangladesh are also listed, including agro-based industries, fishing, IT, clothing, and retail.
This document provides a skills plan for the South African banking sector from 2013-2014. It analyzes the sector context, demand for skills, and supply of skills. In terms of demand, it identifies scarce skills like risk specialists, credit card specialists, and IT skills. Drivers of skills shortages include lack of experienced black candidates and limited tertiary education access. On the supply side, it finds low math and science pass rates limiting skills flows, and notes the need for collaboration across SETAs to address common skills needs like financial compliance and management skills. The plan aims to increase skills development opportunities to support the sector's growth and transformation goals.
The document discusses financing technical and vocational education and training (TVET) in China. It notes that TVET is important to support China's economic growth and promote social development by meeting the demands of employers and increasing employment opportunities. However, China's TVET system suffers from weaknesses such as fragmentation, poor coordination, and inadequate and inefficient financing. Addressing issues with TVET financing and creating a coordinating body could help improve the system's relevance, effectiveness, and efficiency in developing workers' skills.
The ECP is a student-run consultancy project that conducts market research for companies interested in opportunities in Malaysia. A team of 25 students will research promising sectors of the Malaysian economy and provide tailored reports and recommendations for client companies. The research process takes place over several stages from October 2014 to October 2015, including general desktop research, customized engagements with clients, and a field research period in Malaysia. The ECP offers objective and affordable market insights to help companies explore and capitalize on business opportunities in the emerging Malaysian market.
The document provides information about the Asian Financial Forum (AFF), which brings together influential figures from global finance and business communities to discuss developments in Asian markets. It will be held on January 18-19, 2016 in Hong Kong. The AFF features discussions on topics related to finance and business, and allows participants to network and explore opportunities. It is considered an important platform for encouraging regional economic development.
- Dr. Ajay Kela is the President and CEO of Wadhwani Foundations, which oversees initiatives in skills development, research and innovation, and Indo-US policy. He has over 30 years of experience in the IT industry.
- Wadhwani Foundations aims to create jobs through training young people, inspiring entrepreneurship in institutes, and its research and innovation network. It works with over 1,400 schools and has trained over 3,000 faculty at 500 institutes in entrepreneurship.
- Looking ahead, the foundation wants to build a vocational track for the 5 million students in India who leave school after 12th grade each year so they can earn 15,000-20,000
This document discusses Thailand's efforts to promote science, technology, and innovation to drive economic growth. It outlines the role of the National Science and Technology Development Agency (NSTDA) in funding competitive research, transferring knowledge and technology, developing human resources, and building infrastructure. NSTDA focuses on key industry clusters like food and agriculture, where Thailand already has strengths, to develop innovative products and services.
The document summarizes the current state of Bangladesh's economy, prospects for future growth, and challenges. It notes that Bangladesh has experienced steady GDP growth of around 6% annually in recent years. While the economy faces infrastructure and political stability challenges, it also has a young workforce, growing exports, and opportunities in sectors like pharmaceuticals and shipbuilding. The document argues that Bangladesh has the potential to become a middle income country by 2021 and one of the 30 largest economies by 2030 if it addresses challenges through public-private partnerships and other solutions.
The document discusses small and medium enterprises (SMEs) in Pakistan. It defines SMEs based on employee count and business worth, noting that over 99% of businesses in Pakistan are SMEs. SMEs make up a significant portion of the economy, employing over 78% of the non-agricultural labor force and contributing over 40% to GDP. However, SMEs face challenges such as lack of infrastructure, access to financing, and interactions with government policies and regulations. The Small and Medium Enterprise Development Authority (SMEDA) was established to facilitate business development services, financial support, and technical training to support the growth of SMEs in Pakistan.
This paper sets out to raise the visibility and awareness of the components involved in labor export to the basic characteristics of labor export in Vietnam. There are benefits and risks regarding the labor export. It helps to solve the problem of high unemployment rates and enhances the national balance of payment.
Remittances make up a large source of foreign funds in Vietnam. Gender equality is also promoted by labour export, because many women have become migrant workers. However, the “brain drain” is still the foremost concern. Protection of migrant workers’ rights also draws great attention. The great reliance on the global market makes the country vulnerable to external shocks.
Indian Labour market information and analytical systemJohn Itteera
The Indian Labour Market Information and Analytical System is a national aggregator that collects data from over 30 state skill commissions, 20 central ministry skill programs, and over 20 sector skill councils to standardize policy, aggregate demand and supply data, and analyze industry skill needs and future skill requirements. It maintains directories of certified skilled candidates, accredited training partners, approved courses, empaneled assessors, industry bodies, and certified trainers to forecast trends and predict the future of India's labor market.
The document provides an overview of labour law. It discusses how labour law mediates the relationship between workers, employers, unions and governments. It outlines key topics covered by labour law including working hours and conditions, leaves and holidays, children's employment, disputes, and equal employment practices. The document also gives a brief history of labour law and discusses international labour law and organizations like the ILO and WTO. It concludes by describing Pakistan's constitution in relation to labour rights and key labour laws and legislations in Pakistan.
Dear Seniors & Friends,
Sharing the PPT on "Labour Laws in India" with Various Act under the Labour Law. Kindly have a look on the Same & Share your valuable feedback & suggestion. If you found any mistake kindly update me for the modification the same.
Thanks & Regards,
Anshu Shekhar Singh
M- 9999 844 355
Economic, Political and Legal Environment of JapanSazedul Ekab
Japan has the third largest economy in the world. It suffered a recession in 2008-2009 due to a drop in global demand for exports. The government has implemented economic reforms known as "Abenomics" focused on monetary easing, fiscal stimulus, and structural reforms to boost growth. However, Japan still faces challenges such as a large public debt, dependence on energy imports, and low inflation. Key economic indicators for Japan include a GDP of $4.6 trillion in 2014, foreign exchange reserves of over $1.2 trillion, and a trade deficit in September 2015.
How to business in vietnam_2014 All you need knowduynguyentt
Vietnam remains an attractive location for foreign investment due to its low wages, favorable demographics, and location. The guide provides an overview of setting up businesses in Vietnam, including the common business entities, taxation, and regulatory environment. It covers Vietnam's growing economy, key sectors like manufacturing and exports, and largest trading partners. While transitioning to a market economy, the Vietnamese government continues policies to encourage foreign investment and enterprise.
The document discusses the potential of developing the overseas manpower industry as a driver of economic growth in Bangladesh. It notes that globalization has increased cross-border movement of workers and remittances, benefiting developing economies. Bangladesh has emerged as a key supplier of manpower to other countries, with over 4 million Bangladeshis working abroad and remitting US$4.8 billion annually through official channels. The report aims to outline a strategic path for Bangladesh to achieve annual remittances of US$30 billion by 2015 by diversifying markets, occupations, and improving management of worker export and remittances. It recommends transforming the roles of stakeholders like government, NGOs, private sector to professionalize the system and maximize economic
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H.E. Mr. bui thanh son, Asia Business Week DublinAsia Matters
“Market Opportunities in the Fast Growing Economy
of Vietnam” Key Address by H.E. Mr. Bui Thanh Son, Vice Minister of Foreign Affairs, Vietnam speaking at the Asia Ireland Trade & Investment Summit during Asia Business Week Dublin 2014
1. NGUYỄN HẢI THY
Foreign Trade 1 – K37
Group 12
International Business Management
LABOUR EXPORT OVERVIEW OF VIETNAM
IN THE INTERNATIONAL ECONOMIC
INTEGRATION
University of Economics HCMC
Faculty of Commercial – Tourism - Marketing
Lecturer: Ph.D Trieu Hong Cam
2. Labor Export Overview of Vietnam in The International Economic Integration
University of Economics HCMC
Faculty of Commercial – Tourism - Marketing
LABOUR EXPORT OVERVIEW OF
VIETNAM IN THE INTERNATIONAL
ECONOMIC INTEGRATION
Nguyen Hai Thy
Ft1 – K37 – Group12
6th
, December, 2013
3. Labor Export Overview of Vietnam in The International Economic Integration
Table of Contents
Page
1. Introduction 1
2. Definition 1
3. Benefits 1
4. Risks 2
5. Opportunities 3
6. Challenges 4
7. Facts 6
8. Recommendations 6
9. Conclusion 8
References 9
4. Labor Export Overview of Vietnam in The International Economic Integration
1
1. INTRODUCTION
As the general trend of the world, the process of globalization has brought new
opportunities for economic growth and social development in our country.
International economic integration enables Vietnam to bring into play the available
resources. Besides natural resources, Vietnam has achieved high growth constantly
over the years by relying on a cheap and abundant labor source.
Up to October 2013, Vietnam population is consisted of around 91 million people,
ranked the world's 13th
, the third of Southeast Asia, and continuously increase with
population growth rate of approximately 1.05 % each year. Moreover, the
population pyramid resembles a triangle with few old people, many young ones, and
those labor age is dominant. Hence, labor is a comparative advantage of Vietnam to
foreign competition, including the developed countries like USA, Japan, and Taiwan.
An effective method to take advantage of labor resources is labor export. Exporting
labor can strengthen economic development for our country and reduce a large
amount of unemployment.
Understanding of labor export situation in our country as well as its competitiveness
and benefits or risk will help us have an overview in this field and rational use of
resources to develop the national economy.
2. DEFINITION
Vietnamese labor export to foreign countries often referred to as Vietnam's labor
exports, the economic activity in the form of the Vietnamese labor supply abroad
under a contract to serve the needs of labor for foreign enterprises.
There are five forms of labor export to foreign countries: agreement signed between
the two governments; labor cooperation and experts; Vietnam enterprises receive
contract, construction project, joint ventures, connect products and investment
abroad; employees directly sign labor contracts with foreign individuals and
organizations and the mainly one is Vietnamese enterprises serve labor supply.
3. BENEFITS
Labor export is considered as an external economic sector brings many benefits to
the economy - society of our country.
At first, Labor export contributes labor to create jobs and improve living standards
for many people. Although Vietnam's economy has recovered and continues to grow,
most people in Vietnam still poverty, unemployment and low education levels. The
desire to improve their lives is the main reason of exporting Vietnam labors to work
overseas. Labor exports could help ease the country's growing burden of
unemployment, as well as alleviate poverty. In some villages which has high rate of
labor exports, many people become rich from poverty, the estimated average of
remittances may reach 40 to 100 billion annually. Others come back home becoming
investors, build businesses and create jobs for local workers.
5. Labor Export Overview of Vietnam in The International Economic Integration
2
Then, Labor exports also bring a large income, an increase of foreign exchange for
our country. In 2010, Vietnam was ranked 16th among 30 countries have the most
remittances and considered as one of ten countries get the highest income from
export labor.
Another benefit is that exporting labor helps a division of labor access to advanced
technology and machinery; modern management mechanism and style of industry;
and improves their skills. Because of being trained at developed scientific - technical
countries, this would certainly be an elevator that help raising employees’ self-value
to find the much higher salaries when return home.
Also, foreign language, one of significant barriers to investment of foreign
corporations, becomes easy with the employees who used to work abroad. Knowing
foreign languages as well as high skills and experienced work help employees get in
high positions at foreign corporations.
4. RISKS
Besides remarkable benefits, there are also some concerned issues happening
through exporting labor. About policies, structures and management in and out of
country, regulations and legal procedures are not clearly enabling businesses to take
advantage of the law and force workers suffer unreasonably high cost or do illegal
things to get more profit. The legal system of labor export is limited, especially in the
matter of handling errors. The sanctions are not strong and tough enough so that
people seem not respect the law as well as regulations much.
Furthermore, Vietnam ‘s labors still has low educational level and labor export
acknowledge, which is hard to satisfied the international standard and compete with
other labor-intensive countries. Employees may not access to correct information
sources on issues related to labor export’s activities. Workers often find information
through acquaintances that came back from working abroad and ask “middle-man”
with incorrect information. The lack of information makes these workers vulnerable
to scams and do not consider all the benefits and risks.
Moreover, the establishment of the center, organizations is increasing, which makes
the management of the agency become difficult. Currently there are more than 150
enterprises have functions of exporting labor. The business center is opened and
widespread but there is no supervision, strict inspection.
Then, workers may easily face a fraud from bad exporters or exploitation and abuse
of foreign companies. Seeking better pay overseas, many migrants are being
ruthlessly exploited, while relevant agencies lack the means to monitor or protect
them. There are series of risks such as being not able to work abroad after waiting a
long time, and get back the amount deposited, or if there is, only a small part may be
returned. Many workers in Malaysia have to suffer labor contracts fraud, be abused,
beaten or starved. For the labor export to Russia, the employees are very easy to be
fooled and cannot find legitimate place. There are thousands of Vietnam were falling
into "slave labor" in this market. They were kept in the isolated area and worked too
6. Labor Export Overview of Vietnam in The International Economic Integration
3
hard in the illegal garment factories. They were badly exploited, seized any
identification and did not have the financial ability to become Vietnam. In early 2012,
a number of labor export illegally in Russia call for help from Vietnam reporters
because of without being paid all year.
5. OPPORTUNITIES
Opportunities for Vietnam labor export remains in the traditional market such as
Japan, Taiwan, Korea, Malaysia ... These countries has growing economy and high
demand in the reception of foreign workers, including labor of Vietnam. Especially in
Japan, the receiving organization as well as the factories here has expressed their
desire to strengthen receiving large Vietnamese trainee upcoming time.
Korea market is expected to attract more workers in recent years. The average
income of employees working in Korea in the highest average from 1300-1700 USD /
month (approximately 26-35 million / month), is also popular from 1000-1500 USD /
month. South Korea will remain the key markets of Vietnam in 2013 and will attract a
large number of workers involved.
Taiwan is currently the leading labor export market of Vietnam. Recently, Taiwan has
loosened its policies for foreign workers, opening up opportunities for Vietnam to
increase labor exports to this market in the near future.
Besides, Taiwan issued a new policy regarding foreign workers in Taiwan. Most of
these provisions create favorable conditions for foreign workers in Taiwan, as well as
encourage Taiwan businesses to hire foreign workers to meet the labor demand in
the booming economic development, reducing rates of laborers quitting and
decreasing unauthorized labor. Most notable is the extension of the adjustment of
reception conditions for foreign workers to supply manpower for some sectors.
Accordingly, 3 new sectors will receive foreign laborers, namely production of plastic
safety caps, toilet cleaning and cosmetics, and 6 sectors will have their foreign
laborer quota increased by 5 percent, namely garment, suitcase production, bags,
frozen meat, bicycle components, printed circuit boards, measuring and
semiconductor packaging.
To prevent the labor brokerage fees from being pushed up too high, since January
7th 2013, Taiwan has officially implemented the provisions on not renewing license
or not allowing the establishment of branches of brokerage firms in Taiwan and not
to renew the license for the labor export company from the countries having high
rates of laborers quitting in the first 3 months after immigration. The preferential
regulations on quotas of foreign workers stipulate that newly invested businesses in
Taiwan can demand more foreign labor, 5-10 percent of the allowed rate, and that
Taiwanese enterprises returning from abroad can add 15-20 percent of the foreign
workers rate. Taiwan Labor Commission also issued revised procedures and support
for foreigners voluntarily returning to their home countries to retrieve their
passports, cash and property that their owners or broker retain from June 11th 2013.
7. Labor Export Overview of Vietnam in The International Economic Integration
4
Also starting from April 1st, Taiwan has implemented an adjusted base salary;
accordingly, the base salary is increased to VND13.4 million per month. This wage is
applied to all employees (including the last entry before April 1st). In addition,
insurance policies for workers are also adjusted. This is considered a positive sign,
bringing opportunities to increase Vietnam's labor exports to Taiwan in the future.
Besides Taiwan, Macau (China) market is also attracting many Vietnam workers;
especially workers need to do domestic work. Currently, it is estimated that more
than 10,000 Vietnam workers are working here legally.
Nowadays, the situation was relatively stable Libya and began receiving workers
demand Vietnam. To ensure that the interests of employees, some conditions of
contract laborers brought to work in this country will change.
Japan is evaluated as a potential labor export market for Vietnam by large employers
demand and quiet high salary. Working in Japan, workers have more opportunities to
learn and access to modern technology. Recently, recruiting orders from Japanese
for labor of Vietnam is growing strongly
According to Japan International Training Cooperation Organization (JITCO ) , the
demand and supply market and number of Vietnamese student received internships
from Japan is slowly stabilizing and developing along to increase in the number of
business lines. In the first 8 months, Vietnam has exported 8,168 employees to the
Japanese labor market. The industry has also become more diverse as Japan now not
just outsource oversea employees in technical , mechanical but also in some other
industries such as agriculture, electronics assembly , food processing , home
decoration ... This is quite suitable to Vietnamese labor. Number of employees
employed is not limited but it depends on the business’s negotiation and bargaining
skills. The Deputy Director of Department of Management of Overseas Labor - Le Van
Thanh, said , currently there are more than 100 companies send its employees to
Japan to improve their skills and knowledge’s. More than that, number of application
has been increasing over time with the same benefits. On the other side, Japan also
gives priority to Vietnamese labor and jobs. In particular, Vietnam officially agreed to
send nursing candidates to Japan to work and study. This will be a very potential field
for Vietnamese domestic companies to recruit and train employees who are suitable
to requirements of Japanese companies.
6. CHALLENGES
Vietnam’s labor market is in danger of losing its position in the country when the
country officially opens its doors after entering the World Trade Organization (WTO).
According to figures from the Vietnam Labor Export Association, around 70,000
Vietnamese laborers have been sent aboard and sent back 1.5 billion USD
remittance. The figure is expected to increase many fold if they are trained
methodically. However, due to fundamental shortcomings in occupational skills at
present, Vietnamese laborers are weaker than those of other countries in the region.
8. Labor Export Overview of Vietnam in The International Economic Integration
5
The danger of losing labor market in their country of Vietnamese domestic laborers
will happen if they are not strong enough to compete with their foreign colleagues,
especially when Vietnam officially opens its door at the time of entering into the
WTO. After Vietnam joins the WTO, all economic barriers will be removed, creating
favorable conditions for foreign enterprises to do their business in Vietnam. If the
existing shortcomings of labor forces are not promptly addressed, the danger of
foreign laborers encroaching on the great.
Vietnamese employees are mainly weak in occupational skills, working discipline and
foreign languages compared to laborers from other countries in the region and in the
world. This directly affects the incomes and positions of Vietnamese laborers. The
country now has 43 million employees nationwide, 80 percent of whom are common
laborers. 12.8 percent of the 95,430 guest workers having sent aboard by 64 labor
export enterprises were trained occupational skills. According to VOVNews, apart
from this, laborers’ lack of working disciplines leads to negative points such as failure
to adhere to working principles. Weakness in foreign languages is a big reason why
Vietnamese laborers are paid less than their foreign colleagues.
If Vietnam did not soon work out effective measures to improve the occupational
skills of its labourers, the country’s labour market was likely to have an influx of
labourers from Thailand, China, Laos. Previously, the most attractive element of
Vietnam’s labour market was its low price. However, the advantage at present will
become a disadvantage because workers at cheap prices usually have low working
standards. Therefore, if the working standards of Vietnamese workers remain the
same then the labour market will suffer when big investors pour their money into
Vietnam. Only skilled workers will have chances to get jobs and earn stable incomes.
Therefore, Instead of struggling for skilled workers who working for other
companies, the labour market should train more skilled employees.
Minister of Labor, War Invalids and Social Affairs Pham Thi Hai Chuyen said Japan,
South Korea, Malaysia, and Taiwan have been recruiting a limited number of
Vietnamese workers since the start of 2013 due to the difficult global economic
situation. They are among Vietnam’s traditional labor markets. South Korea,
Vietnam’s second biggest market, has recently stopped hiring Vietnamese after
taking in 1,560 since the start of this year. It is likely that less Vietnamese will be sent
to Japan in 2014, because Japanese companies lowered their quotas for imported
labour.
One reason it is difficult for Vietnamese workers to compete with those from other
countries, such as China or Indonesia is that the rate of Vietnamese workers who quit
before the contract is up is higher than those of other countries. At the same time,
“Airfare from China to Japan is much cheaper than from Vietnam, which is another
reason for Japanese companies to choose Chinese laborers,” the general director
said. Since September 2013, Taiwan has opened its doors to receive Filipino workers
to get back to work so sending Vietnamese workers to Taiwan will no longer be as
advantageous as in the early months, especially the recruitment of female workers
9. Labor Export Overview of Vietnam in The International Economic Integration
6
will more rigorous. To keep its market share in this potential market, companies
should be careful in selecting, training and giving orientation for employees to
minimize the early return rate.
7. FACTS
Total number of labors that go abroad to work in ten first months of 2013 was
70.253 - according to figures collected from companies. This satisfied 88% of the
planned targets.
In Vietnam, international labor mobility has more than 3 decade long experience.
After the collapse of Eastern Europe block, during the 1990s, Vietnam sought to
access new market places while maintained old ones. At present, the Government
consider increasing international labor mobility a high priority, as mean to increase
employment opportunities, generate more income for workers, and to meet poverty
alleviation & socio-economic development strategic targets.
This activity started in 1980 in the form of labor cooperation with the socialist
countries, when Vietnamese economy is still difficult. The activity has brought many
advantages to Vietnam. Since the mechanism of change in 1991, the labor export
activities flourished, expanding the market to many countries and regions. In the 21st
century, there is a surge of Vietnamese labor export to foreign countries; three main
markets are Taiwan, Malaysia and South Korea.
Taiwan labour market is mainly based on labour supply from Indonesia and Vietnam,
in which, Indonesia dominates the labour supply for the service sector, while
Vietnam is the main supplier for the manufacturing sector. According to the
Department of Management of Overseas Labour, Ministry of Labour, Invalids and
Social Affairs, as of October 2013, 37,394 Vietnamese employees were working in
Taiwan, accounting for more than 53.2 percent of the total Vietnamese workers
working abroad and much larger than the number of employees working in other
markets: Japan 7,130 employees; Malaysia 6,280; Laos 4,549; Korea 4,219, etc. The
figure shows that Taiwan remains by far the largest labour export market of Vietnam.
Vietnamese workers in Taiwan work mainly in the fields of manufacturing,
construction, engineering, textiles, agriculture and furniture. Basic salary is about
VND8-9 million a month. For factory workers, for an extra 2 hours a day, they are
paid an additional 33 percent of salary for each hour, the next hour overtime is paid
66 percent of salary for each hour, overtime on Sundays and public holidays is paid
twice as much as a regular working day.
8. RECOMMENDATIONS
To achieve the social and economic targets and overcome the constraints in this
field, it is necessary to change for new development:
First of all, the labor needs to deploy the propagation and dissemination of the
awareness of the law. When it comes to the need of going to work abroad, laborers
should contact directly with the Overseas Labor Management Department, the
10. Labor Export Overview of Vietnam in The International Economic Integration
7
Department of Labor, Invalids and Social, or companies having function at labor
export. When the labor had registered by accident to illegal business, they should
notify authorities and coordinate to handle those problems. On the other hand, labor
export information of central and provincial labor services should be improved for
easy access of all clients (companies, training institutions and workers).
Secondly, for the establishment of the labor export organization, Government must
have stricter rules to limit the ones who do not qualify, do not function properly. The
purification of these units will help to limit the negative behavior. The local
authorities having headquarters of the labor export enterprises have to strengthen
inspection and supervising activities and situations of those labor export enterprises.
Capturing on time the actual situation, implementing the law as well as discovering
early derogations are required.
Thirdly, Post Overseas Vietnamese Labor Law rules and regulations to be adopted
and implemented this year should ensure the transparency and simplification of
administrative procedures. Government have to amend, add the legal system more
tightly and fuller as well as issuing policies, laws on prevention and handling
violations with more powerful and more efficient sanction treatment, and have to
push the Law on Overseas Vietnamese Labor and relevant regulations to be
implemented effectively.
Fourthly, operation in labor export is a kind of activity needed the cooperation of
countries having labor export’s relationship. In this collaborative process, we need
to sign international treaties to create the advantages for labor export activities as
well as have the most effective mechanism to protect the rights and benefits of
abroad Vietnamese workers. Besides that, we should take advantage of international
economic expansion to seek for new labor exporting channels.
Fifthly, perhaps upgrading the quality of vocational training is the immediate and
urgent action. Besides enhancing the quality of pre-departure training services,
training institutions should invest fund and human resource to develop and diversify
high-skilled and market-oriented vocational training programs. One of the measures
might explore is to cooperate with businesses to help students to get access to jobs.
The country needs to shift from supplying cheap low-skilled manpower to more
globally competitive and skilled manpower. On the other hand, the Government
should have appropriate funding or loans policies applied to training institutions.
Preferential bank loans and fees policies should be adopted, especially applied to
rural workers so that more of them can have opportunity to join the exported labor
while not falling into the debt burden.
Finally, to serve the longer-term goals, there is a need to develop a national labor
export strategy. Such a big job can only be successful should it be based on a
comprehensive study at the national level. The study should be global-approached,
client-need-based and result-oriented. The output of the study will be used to feed in
the labor export strategy that help tackle the shortcomings analyzed above
11. Labor Export Overview of Vietnam in The International Economic Integration
8
(regulatory and policy environment, research and information, labor training and
export services, budget and loans issues etc.).
9. CONCLUSION
This paper sets out to raise the visibility and awareness of the components involved
in labor export to the basic characteristics of labor export in Vietnam.
There are benefits and risks regarding the labor export. It helps to solve the problem
of high unemployment rates and enhances the national balance of payment.
Remittances make up a large source of foreign funds in Vietnam. Gender equality is
also promoted by labour export, because many women have become migrant
workers. However, the “brain drain” is still the foremost concern. Protection of
migrant workers’ rights also draws great attention. The great reliance on the global
market makes the country vulnerable to external shocks.
More and more countries in the world have great increasingly demand on workforce
as Japan, Taiwan, Korea, Malaysia, Macau ... At the same time, these countries
provide continuously policies to support and improve skills for migrant workers.
However, Vietnam is not the only labor intensive country in the world. The labour
resources of many countries such as the Philippines, Indonesia, and China ... are not
only abundant, but also have the language and skills training in accordance with
standards international. Along with the process of international economic integration
in recent years, cheap labor but unskilled as in our country is very difficult to
compete with another developing countries around the world. That is the key
opportunities and challenges with regard to labor export in Vietnam.
Have Vietnam labor become determined resources of success in international
integration or become obstacles in the process of catching up with advanced
countries, this depends on the rise will of our nation , of each business and each
Vietnamese. If there is a logical policy, innovated technnology, creative and studious
people, we will certainly succeed. Otherwise, we will lag far with the witness of high
indicators of poverty and unemployment, low labor productivity and incomes,
resulting in an economic marginalization of the globalization process. Therefore, to
generate further growth in labor export activities , it is necessary for specific
measures of the state , export companies and employees, contributing to accelerate
the country's development in order to be closer to the stormy development of
countries around the world.
12. Labor Export Overview of Vietnam in The International Economic Integration
9
References
1. Website of Washin Engine Co.,Ltd
<http://vtown.vn/en/articles/cate-7.html>
2. Website of TMS Human Resource Joint stock company
<http://tmshr.com.vn/english/ad/Labor-export.html>
3. Website of ICO International Joint Stock Company
<http://www.icovietnam.com.vn/Pages/1549/introduction.aspx>
4. Thanh Nien, the flagship publication of the Vietnam National Youth Federation
<http://www.thanhniennews.com/index/pages/20130412-vietnam-ministry-
unlikely-to-achieve-labor-export-target.aspx>
5. Migration Information Source. Migration Policy Institute.
<http://www.migrationinformation.org/usfocus/display.cfm?ID=364>
6. Website of Saigon Investment Manpower Commerce Import Export
Corporation
<http://www.vietnamlabourexport.com/labor-export-news/trang-1.html>
7. Vietnam Association of Manpower Supply – VAMAS
< http://www.vamas.com.vn/lao-dong-nuoc-ngoai_t229c657tn.aspx>
8. Vietnam Manpower Center (VIMAC)
< http://vimac.com.vn/newsdetail.aspx?Nid=179&l=1&mnid=19>
9. Administration of foreign workers
<http://www.dolab.gov.vn/New/Default.aspx>
10.Ministry of labor – Invalids and social affairs
< http://english.molisa.gov.vn/>
11.Vietnam Imports Exports - International Trade - Import Export Gateway.
<http://www.vietnamimportexport.vn/import-export/vietnam-
services/labour-export-cua-vidc.html>