VPBank & Cen Academy (Cen Group) signed a cooperation agreement to support training credit for students

On October 25, 2024, Cen Academy Joint Stock Company (under Cen Group) and Vietnam Prosperity Joint Stock Commercial Bank (VPBank) signed a cooperation agreement to implement a credit package to support training for Cen Academy students, which is a premise for students to have the opportunity to "Go to Japan first - Pay later". This is an important event marking a major turning point for the two units in joining hands to improve integration knowledge and career orientation, creating a solid launching pad for the success of young people in the future.

The cooperation between VPBank and Cen Academy is one of the solutions to improve the quality of labor export human resources through financial solutions and high-quality knowledge and skills training. Accordingly, the program "Go to Japan first - Pay later" opens up an unprecedented opportunity for young people for the first time: the opportunity to study and train in Vietnam and is a premise to access career opportunities in Japan with effective financial solutions . Within the framework of cooperation, VPBank provides a program for Cen Academy students with unsecured financial support packages , 0% interest support within 12 months . This program offers " 2 NO " : No interest - No mortgage and " 3 GOOD " : Good training quality - Optimal training time - Excellent financial support. Accordingly, students only need to pay a very low cost for language and skills training in Vietnam, the rest will be supported by VPBank through the installment credit card method to provide maximum financial support for Cen Academy students.

VPBank and Cen Academy (Cen Group) cooperate to implement a credit package to support training for students with the program "Go to Japan first - Pay later".

Speaking at the event, Shark Pham Thanh Hung, Vice President of Cen Group - President of Cen Academy emphasized: “Training high-quality human resources is one of the key spearheads that Cen Group will focus on and promote in the coming time. Although Cen is new to this field, through the signing of a cooperation agreement with VPBank, Cen will cooperate with reputable and experienced dispatching companies in the field of supplying human resources to the Japanese market to join hands to realize a big dream, supplying tens of thousands of quality young workers each year . Thereby, contributing to improving the quality of Vietnamese human resources to be suitable and adaptable to technological changes, confidently entering the international market, including demanding markets like Japan.”

Shark Pham Thanh Hung, Vice President of Cen Group - President of Cen Academy, expects to train tens of thousands of young workers each year, confidently entering the international market with the support of VPBank.

Mr. Phung Duy Khuong, Permanent Deputy General Director of VPBank also emphasized: “ VPBank's "Finance without collateral" support package will bring the highest benefits to thousands of Cen Academy students, remove financial barriers and support young people to soon achieve their career dreams. It can be said that the cooperation between VPBank and Cen Academy will create a foundational value, a solid launch pad for students - customers of the two units to have a good start in their careers."

Mr. Phung Duy Khuong, Permanent Deputy General Director of VPBank shared the mission with Cen Academy to create a solid launching pad for the careers of young Vietnamese people.

Currently, many families and young people, especially in rural and remote areas, lack a vision for their future development due to lack of access to information about study and work opportunities, leading to a fairly high unemployment rate for young workers in Vietnam, up to 8.01% (quarter II/2024), 3.49 times higher than the national unemployment rate of 2.29% (according to data from the General Department of Vocational Education). Meanwhile, many countries, including Japan, which has the world's leading developed economy, are facing an aging population and a serious labor shortage. The latest study by the Japan International Cooperation Agency (JICA) estimates that the country will lack 970,000 foreign workers by 2040. The study also estimates that there will be about 225,000 Vietnamese workers going to Japan by 2030.

According to statistics released by the Japanese Ministry of Health and Labor on January 26, 2024, Vietnamese workers are the largest workforce in Japan, accounting for 25.3%. In recent years, the number of Vietnamese workers going to work in Japan accounts for 50% of the total number of workers going to work abroad each year. This is a potential market for young Vietnamese people to study and develop their careers. However, to participate in the international labor market, especially demanding markets like Japan, young people are facing many barriers in terms of language, skills, cultural integration, finance, etc.

The program “ Go to Japan first - Pay later” will be the first test with the international market - Japan. In the future, Cen will target potential markets in other developed countries , aiming at a common goal, which is to build a young generation that is confident, fluent in foreign languages, skilled, disciplined, and competitive in the international market .

With the support of VPBank's training credit package for Cen Academy students, Cen Academy hopes to reach and train more students, aiming to realize the dream of 20,000 - 50,000 young people to be trained and develop their careers in Japan by 2025. Through the program " Go to Japan first - Pay later" , Cen Academy will increasingly affirm its position as a leading unit in the field of training high-quality human resources, solving financial problems and supporting tens of thousands of students across the country to easily participate in training and integration, meeting the strict requirements of the international human resources market.

During more than 30 years of establishment and development, VPBank is now becoming one of the leading joint stock commercial banks in Vietnam. VPBank's comprehensive ecosystem is serving more than 30 million customers in many diverse segments from Consumer Finance, Retail Banking, SMEs to Large Enterprises and FDI. VPBank is continuously in the top 3 largest joint stock commercial banks in lending and capital mobilization in Vietnam with comprehensive financial solutions and the goal of creating long-term, sustainable value for the development of the community and society. With flexible products and quality services, VPBank not only supports customers in financial management but also actively participates in community development programs, especially education and training, aiming to improve the quality of Vietnamese human resources.

Cen Academy Joint Stock Company is a unit under Cen Group, aiming to become a leading unit in the field of training and providing quality human resources , providing a creative educational model, a curriculum that is close to the international learning and working environment, ready to meet the global labor market, typically Germany, Japan , ... Cen Academy not only invests in a large-scale, modern infrastructure system, but also focuses on training quality, career orientation, professional knowledge, practical Japanese training for each profession, soft skills and international integration ability. The training programs at Cen Academy not only meet recruitment needs but also create a difference and competitive advantage when entering the international labor market , highly appreciated by foreign employers and partners .