The European Commission (EC) has financed the first phase of a project to establish a labour market information system in Vietnam with a funding of 1.45 million USD.

A contract to provide and install equipment for the project was inked on January 15 between the HiPT Group Joint Stock Company, the International Labour Organisation and the Ministry of Labour, War Invalids and Social Affairs.

The 3,2 million USD project will provide labour market information and help improve the information system at the national centre for labour market forecast. It will also help to better the capacity of analysing information to design employment policies.

In the first phase, the projct will establish a data centre at the national centre for labour market forecast five information processing centres at employment establishments in Hanoi, Ho Chi Minh City, and the provinces of , Hai Duong, Da Nang and Dong Nai.

The data system will be implemented nationwide later./.