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Saudi Fund for Development Opens Vocational College and Participates in Vietnam High-Level Event

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Saudi Fund for Development Inaugurates Ha Nam Vocational College and Attends High-Level Event in Vietnam

The Saudi Fund for Development (SFD) has officially inaugurated the Ha Nam Vocational College in Vietnam. The expansion project, supported by the SFD with a contribution of over $9 million, aims to meet the growing demand for skilled workers in Han Nam and other provinces, particularly in the automotive, welding, and electrical industries. The new facilities at the college will provide state-of-the-art training, equipping graduates with the skills necessary to succeed in the workforce and even start their own businesses.

Contributing to Sustainable Development Goals

The inauguration of the Ha Nam Vocational College aligns with several Sustainable Development Goals (SDGs), including Poverty Eradication, Quality Education, Gender Equality and Women Empowerment, Decent Work and Economic Growth, and Reduced Inequality. By providing quality education and vocational training, the college aims to empower young people and contribute to economic growth and social development.

Commitment to Education

The CEO of the SFD, H.E Sultan Al-Marshad, emphasized the importance of education in unlocking human potential and driving economic growth. Vocational training plays a vital role in preparing young individuals for the workforce and enabling them to make meaningful contributions to their communities. The Vice Chairman of Hanam province, Mr. Tran Xuan Duong, expressed gratitude to the Government of Saudi Arabia and the SFD for their support in making the Ha Nam Vocational College Expansion Project a reality. In addition to the college inauguration, the CEO of the SFD attended a high-level development event hosted by the Kingdom of Saudi Arabia Embassy in Vietnam. This event provided an opportunity for the SFD to showcase its work on developmental projects in Vietnam and around the world. With a strong commitment to education, the SFD has contributed over $2.6 billion to support educational projects in developing countries since its establishment in 1975.

Hot Take: The Impact of Vocational Education on New Business Opportunities

The inauguration of the Ha Nam Vocational College in Vietnam, supported by the Saudi Fund for Development (SFD), presents a significant shift in the landscape for new businesses. With a $9 million investment, the college aims to meet the growing demand for skilled workers in various industries, specifically automotive, welding, and electrical sectors.

Empowering Future Entrepreneurs

The state-of-the-art training provided by the college not only equips graduates with the skills to succeed in the workforce but also lays the foundation for them to start their own businesses. This could potentially lead to a surge in start-ups and small businesses, driving economic growth and job creation.

Aligning with Sustainable Development Goals

The college's alignment with several Sustainable Development Goals (SDGs) further emphasizes the potential positive impact on new businesses. By contributing to goals such as Quality Education and Decent Work and Economic Growth, the college is creating an environment conducive to business growth and sustainability. In conclusion, the inauguration of the Ha Nam Vocational College could potentially catalyze a wave of new businesses in Vietnam. By equipping students with the necessary skills and fostering an environment of entrepreneurship, the college is paving the way for a robust and sustainable business ecosystem.
Story First Published at: https://financialpost.com/pmn/business-wire-news-releases-pmn/saudi-fund-for-development-inaugurates-vocational-college-and-attends-high-level-event-in-vietnam
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