The "Go to Japan first - Pay later" program has been launched by Cen Academy to help young Vietnamese individuals improve their employability and access the international labor market, particularly in Japan.
This initiative aims to address various barriers faced by young people, such as language proficiency, skill development, cultural integration, and financial constraints.
With Japan experiencing a labor shortage due to an aging population, there is a growing demand for foreign workers, providing a unique opportunity for Vietnamese youth to find employment abroad.
Cen Academy, a subsidiary of Cen Group Corporation, is positioning itself as a leader in high-quality human resource training.
The academy has partnered with Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to provide a comprehensive training credit package, alleviating financial burdens for students and enabling them to pursue language and skills training in Vietnam before starting their careers in Japan.
This collaboration is expected to empower tens of thousands of young individuals, with a target of training between 20,000 to 50,000 students by 2025.
The cooperation between Cen Academy and VPBank introduces an innovative financial model that supports students through unsecured financing options.
The program offers a 0% interest rate for the first 12 months, allowing students to focus on their training without immediate financial pressure.
This initiative is particularly beneficial for those from rural and remote areas, where access to information about career opportunities is limited, leading to a higher unemployment rate among young workers.
Shark Pham Thanh Hung, Vice President of Cen Group and President of Cen Academy, emphasizes the importance of training high-quality human resources as a strategic focus for the organization.
By collaborating with reputable dispatching companies experienced in the Japanese labor market, Cen Academy aims to create a strong pipeline of skilled workers ready to meet the demands of foreign employers.
This approach not only enhances the quality of Vietnamese human resources but also aligns with global labor market trends, especially in developed economies like Japan.
Recent statistics show that Vietnamese workers are increasingly present in Japan, with Vietnamese nationals representing the largest foreign workforce in the country.
Vietnamese workers accounted for 25.3% of the total foreign labor force in Japan as of January 2024.
This trend is expected to continue, with projections indicating that approximately 225,000 Vietnamese workers will migrate to Japan by 2030, driven by the country's urgent need for labor.
Cen Academy's training programs are designed to equip students with the necessary skills and cultural understanding to thrive in this competitive environment.
The academy focuses on practical Japanese training, soft skills, and international integration to create a distinct competitive advantage for its graduates.
The partnership between Cen Academy and VPBank represents a strategic alignment of educational and financial resources aimed at fostering a new generation of confident, skilled, and competitive young professionals.
Both organizations are committed to improving the quality of Vietnamese human resources and creating sustainable pathways for career development in international markets.
This initiative not only addresses the immediate needs of young workers but also contributes to the long-term economic growth of Vietnam.
As the global labor market continues to evolve, the collaboration between educational institutions and financial entities will play a crucial role in shaping the future of work for young people.
By removing financial barriers and providing high-quality training, Cen Academy and VPBank are setting a precedent for how educational and financial systems can work together to empower the next generation of workers.
The "Go to Japan first - Pay later" program is just the beginning of a broader vision to enhance the employability of Vietnamese youth in an increasingly interconnected world.