Hanoi, Vietnam, July 24, 2023 GIMO, a Vietnam-based startup providing flexible pay and financial well-being solutions for underbanked workers, announces the completion of Series A funding round with total capital raise of up to US$17.1 million. The final closing, comprised of a mixture of equity and debt financing, came only five months after the company […]

Unscrupulous lenders could try to cash in on the upcoming Lunar New Year holiday as blue-collar workers cope with the festive spending. Predatory lenders prey on blue-collar workers as the Lunar New Year approaches The 2022 survey of the Vietnam General Confederation of Labor revealed nearly 59% of workers had no savings, 38% were in […]

Struggling with unexpected expenses while formal financial services are not always within reach, many workers must resort to predatory lending. This seemingly quick-and-easy solution can be severely harmful. The workers shared such alarming reality on The 9th+ Hour Gameshow, co-produced by the General Confederation of Labor and Vietnam Television.    Loan sharks are preying on […]

In 2022, the Vietnam General Confederation of Labor reports that there is a concerning 30 percent of blue-collar workers struggling with financial challenges [1]. Most of those workers remain susceptible to the predatory financial lifebuoy, as they calculate against inflation and insecurities.   This reality has triggered fintech companies to step up and empower Vietnamese […]

A 14-year-old entrepreneur providing vocational training for people in poverty; an 18-year-old teen named among the Times “Top 100 most influential people in 2013” are just a few headlines featuring Gen Zers in the past few years [1].  Every other generation has had its chance, and now it is Gen Z’s time to shine and […]

As the economic reopening collides with a tightened labor market, businesses are squirming to attract and retain blue-collar workers.    Shortage of blue-collar labor still haunts businesses   Despite the talks of automation displacing everyone, in Vietnam, blue-collar occupations are and will still be in high demand, especially amidst the economic rebound, the supply chain diversification and […]

E-HRM in a nutshell    E-HRM (Electronic Human Resource Management) uses web-based technologies to monitor all HR systems and activities to achieve operational excellence for the department [1]. Some might argue that e-HRM is the evolution of traditional HRM. However, the fundamental goal of e-HRM is to make it easier to track imbalances between human […]

A shortcut to start your financial management effectively!  To have strong financial health is one of the ultimate goals for working people. It is not just about striving for higher income but also lies in improving personal financial management.  What is personal financial management?  By a standard definition, personal financial management is to have a […]

“To win in the marketplace, you must first win in the workplace” – Doug Conant, former president and CEO of Campbell’s Soup. People are the most critical assets of any organization.   Human resource is one of the factors that distinguishes one organization from another. It gives a company a competitive edge while also assisting […]

According to the General Statistics Office of Vietnam,  the “golden” ratio of the Vietnamese population will remain until 2039, with the majority of people in the prime working age (from 15-65 years old). Overall, the quality of local human resources is still relatively low compared to other countries in the region. As assessed by the […]

For the past few years, the workforce in European countries, U.S. and Australia, has been offered earned wage access (EWA), allowing employees to get their earns before their payday. As it has quickly shown significant impacts on people’s life and work, the solution has been newly introduced in developing countries; including Vietnam.  As a matter of […]