More gold bullion auctions to be held

Saturday, 18/05/2024 16:51
The State Bank of Vietnam (SBV) will hold two more gold auctions on May 21 and 23, each will offer 16,800 taels of SJC-branded gold bars, reported Vietnam News Agency.
Illustrative photo (Photo: VNA)

Accordingly, the minimum bidding volume per bidder in the upcoming auctions is five lots, equivalent to 500 taels, and the maximum bidding volume per bidder is 40 lots.

Each bidder is only permitted to register one minimum price equal to or higher than the floor price announced by the bank.

The May 16 session saw 11 bidders buying 12,300 taels. The highest winning price was 88.92 million VND (nearly 3,500 USD) and the lowest was 88.89 million VND per tael. A tael equals 37.5 grams or 1.2 ounces.

Since April 19, the SBV has organised seven gold auctions, of them four successful with 27,200 taels sold, while the remainders failed to attract bidders. In the auctions, the bank offered a reference price close to that of Saigon Jewelry JSC (SJC), a major retailer, in the market.

According to the SBV, its auctions aim to ensure stable, transparent, and effective operations of the domestic gold market.

Bac Giang develops trade unions in non-state enterprises

In the coming time, Bac Giang province, a magnet for foreign direct investment (FDI) in the northern region, will pay attention to consolidating, building and developing trade unions and workers’ movements in enterprises outside the state sector.

Leader of the Bac Giang provincial Confederation of Labour signs a cooperation agreement on welfare programme for union members and workers with HOGI Group (Photo: VNA)

Vietnam News Agency quoted Chairman of the provincial Labour Confederation Nguyen Van Canh saying that the province will regularly grasp the situation of enterprises, especially those that meet requirements but have not yet established a trade union, or where there are many workers but they are not union members, to promptly advise them to establish grassroots trade unions.

Attention will also be paid to innovating contents and methods, and increasing the quality of activities of trade unions at all levels; and implementing policies for unionists.

Since 2021, Bac Giang has set up 189 grassroots trade unions and admitted 104,758 members.

The provincial Labour Confederation has gradually promoted digital transformation in union activities, and established a mental health consulting centre for female workers, and Facebook pages and Zalo groups to support workers.

Hanoi to host Vietnam AutoExpo 2024 in June

The 17th International Exhibition on Automobile, Transportation and Supporting Industries (Vietnam AutoExpo 2024) will be held from June 13 to June 16 at the Hanoi International Center for Exhibition, reported the Voice of Vietnam.

Visitors at the Vietnam AutoExpo 2023

The expo is co-organised by the Vietnam Institute of Industrial and Trade Policy and Strategy, the Vietnam Association for Supporting Industries (VASI), the Vietnam Society of Automotive Engineers (VSAE), and the CIS Vietnam Advertising & Exhibition JSC.

Covering an area spanning 8,000 sq.m, the event will feature 350 booths of 250 top local and foreign brands in commercial cars, passenger cars, special-purpose vehicles, motorcycles, and electric bikes.

The four-day expo will also showcase spare parts and components for the automobile manufacturing process.

On the sidelines of the expo, there will be an international seminar on the development of the global supply chain of the automobile industry amid climate change adaptation.

This event will involve the participation of the Vietnam Automobile Manufacturers’ Association (VAMA), VASI, the UN Industrial Development Organization (UNIDO), alongside domestic and foreign enterprises.

Furthermore, a trade connection programme with the participation of more than 100 foreign businesses from China, the Republic of Korea, Japan, India, and Taiwan (China) is set to take place under the framework of the expo with the aim of intensifying trade exchanges and consumption, while helping investors seek greater business opportunities.

The auto expo is the largest annual event of the automobile industry in northern Vietnam, with the latest version projected to attract 20,000 visitors.

High-quality science, technology human resources key to sustainable growth

To achieve sustainable development and help the economy take off, high-quality human resources and advancements in science and technology should be seen as key components, reported Vietnam News Agency according to insiders.

Prime Minister Pham Minh Chinh visits the display of science and technology applied products (Photo: VNA)

Prof. Dr. Nguyen Dinh Duc - Chairman of the University Council of University of Engineering and Technology, Vietnam National University-Hanoi, said in many industries, especially in manufacturing where the highest concentration of FDI projects are located, the rate of employed and trained workers is limited.

Dr. Tran Van Khai, a standing member of the Committee for Science, Technology and Environment of the National Assembly, said the development of high-quality human resources has recorded good results in recent times.

Vietnam has established policies to attract and retain talent, experts, and highly skilled workers through attractive salary, bonus, and welfare policies, he said, noting that attention has been paid to training and developing high-quality human resources.

The number of entrepreneurs and skilled workers is increasing, importantly contributing to the country's development, he added.

200 students will participate in the technology talent development programme at NIC Hoa Lac (Photo: VNA)

However, the structure of vocational training has not closely aligned with the labour market's demand, especially in emerging economic sectors. At the same time, there is a shortage of labourers in spearhead economic sectors and those serving the digital economy.

Khai stressed that it is urgent to build breakthrough policies to address existing shortcomings and limitations that are hindering the development of high-quality human resources and labour productivity.

For the semiconductor industry, the latest report from the Ministry of Planning and Investment indicates that Vietnam needs to train 50,000 - 100,000 high-quality workers for the sector from 2025 to 2030.

According to Deputy Prime Minister Tran Hong Ha, to train tens of thousands of high-quality workers in the industry, priority must be given to training and attracting high-quality teachers and lecturers with deep expertise.

Emphasising the crucial role of human resources and promoting scientific research activities in implementing the goal of strengthening national competitiveness and innovation capacity, Minister of Science and Technology Huynh Thanh Dat said ministries will continue to improve policies and encourage a favourable environment for scientists at universities to maximise their research capacity.

Universities should also prioritise substantial investments in improving the quality of undergraduate and postgraduate education, as well as developing high-quality scientific and technological human resources, he said.

The minister also suggested the National Foundation for Science and Technology research and direct sponsorship programmes to strongly promote outstanding research groups and develop high-level scientific and technological research human resources, especially young talent./.

Compiled by BTA