China, ASEAN join hands in fighting Covid, boosting economic recovery


Hanoi, Oct 27 | China and ASEAN member states, especially Vietnam, have fostered practical cooperation on curbing the spread of Covid-19 and accelerating economic recovery amid the prolonged outbreaks and their devastating impacts on the region as well as the world.

To date, China has provided ASEAN member states, including Cambodia, Laos and Myanmar, with over 300 million doses of Covid-19 vaccines as well as a great number of emergency medical supplies, and has also sent medical expert teams to help build virus-testing labs and work on vaccine trials with several ASEAN countries, Xinhua News Agency reported.

Vietnam is among ASEAN members hard hit by Covid-19 since last year, especially since the ongoing fourth wave starting in the country on April 27, with many socio economic activities having come to a halt for months, or at least having been disrupted from time to time.

The Vietnamese Health Ministry on Monday reported 3,639 local Covid patients, lifting the country’s infection tally since the beginning of the pandemic to 892,579, including 887,797 in the current wave. The ministry also confirmed 65 Covid-19 fatalities, increasing Vietnam’s death toll to 21,738.

Realizing that the Delta variant has created a major public health emergency due to its spread speed and lethality, Vietnam has recently adopted a proactive two-track policy — acquiring sufficient vaccines to inoculate the population to be able to return to normal life and resume economic activity.

However, “One problem Vietnam has confronted throughout this period was acquiring sufficient vaccines to inoculate vulnerable members of society as well as essential workers,” Emeritus Professor Carlyle Thayer from the University of New South Wales at the Australian Defense Force Academy told Xinhua.

That is when the provision of Chinese vaccines and medical equipment at central and local levels has proved their great support. According to the Chinese Consulate General in Ho Chi Minh City, China has agreed to provide Vietnam with a total of nearly 40 million doses of vaccines, including donated and sold ones this year and has so far pledged to donate 6.5 million doses of vaccines to Vietnam.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal


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