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Add to Preferred SourcesIFC, a member of the World Bank Group, is supporting companies in Vietnam to improve working environments and enhance business performance through closing gender gaps.
Under a new gender initiative, IFC will partner with Maxport Limited Vietnam, a garment supplier to top global brands, to implement gender-smart solutions to strengthen and grow its workforce, capturing future growth. Maxport currently has over 5,000 employees – 80 percent female – in four factories located in Hanoi as well as Nam Dinh and Thai Binh provinces. The company plans to double its workforce by 2020 to increase production capacity and expand global market access.
“Our workers are our most important asset. This partnership emphasizes our commitment to developing employees from within. With female workers accounting for the vast majority of our workforce, we believe gender-smart improvements will create the most inclusive, supportive, and healthy working environment for everyone, and eventually contribute to the company’s overall performance,” said Nicholas Strokes, CEO at Maxport Limited Vietnam.
Throughout 2019, IFC will work with the company to improve human resource policies and practices, including data analytics, career planning, and enhanced childcare support, as well as build foundations for a gender-inclusive board of directors.
With IFC support, Maxport aims to be one of the first companies in Vietnam to obtain Economic Dividend for Gender Equality (EDGE) global certification – the leading global assessment methodology and business certification standard for gender equality.
These initiatives are expected to help Maxport reduce staff turnover and unplanned absenteeism, saving up to $1 million in production costs a year.
Original source: IFC
Published on 19 March 2019