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Bangladesh launches employment-based virtual platform VUMI

VUMI Bangladesh Limited is a digital platform that offers online professional courses, launched on 12 May.

VUMI Bangladesh is an employment-oriented virtual education platform that will enhance the career-oriented skills of Bangladeshi youth.

Bangladesh launches employment-based virtual platform VUMI
Figure 1: Distinguished guests at the opening ceremony of VUMI.

Commerce Minister Tipu Munshi and Dhaka North City Corporation (DNCC) Mayor Atiqul Islam inaugurated the platform as special guests at the inaugural function at Hotel Intercontinental Dhaka. Also, Faruque Hassan, President, Bangladesh Garments Manufacturers and Exporters Association (BGMEA); Kutubuddin Ahmed, Chairman; Shafiul Islam Mohiuddin, Senior Vice Chairman; Asif Ashraf, BGMEA Director, and Managing Director, of VUMI Bangladesh Limited were present on the occasion.

E-learning is expanding day by day all over the world. The current e-learning market size is $ 302 billion and it will be $ 457 billion in the future. VUMI will be a profitable online platform in the future. The top echelons of our industry are still being recruited from abroad like Sri Lanka and India. If VUMI Bangladesh can build skilled manpower through its courses then dependence on foreign countries will decrease.

Commerce Minister Tipu Munshi said, “VUMI Bangladesh has started its journey with the hope of making the country’s workforce efficient and I think it will be able to meet the demand of the country.”

VUMI will start its courses from June 2022 with a pre-seed fund, the initial level of funding for a new company from the IDEA project of the Department of Information and Communication Technology (ICT). Industry experts with visions and ideals will support this platform.

Distinguished guests at the opening ceremony of VUMI.
Figure 2: VUMI’s three sections of courses

The platform will impart knowledge to the students with the help of bright minds of academia, such as professors of the Institute of Business Administration (IBA) of Dhaka University and visionary businessmen of the country. VUMI will offer courses under three sections – Executive, Skill-Up, and Master Classes.

In order to compete in the international arena and meet the challenges of the Fourth Industrial Revolution, Bangladesh has to build knowledge and skilled human resources accordingly. The number of graduates is increasing day by day.

But our job market is not able to provide the required skilled human resources. As the conventional education system is not realistic and up-to-date, graduates have to fight in the job market.  At present, there are 45.0 million working-age people in Bangladesh.

Kutubuddin Ahmed said, “By empowering this huge population by imparting relevant knowledge, they will be able to make maximum use of their potential in their respective fields of work”.

Asif Ashraf, Director of BGMEA and Managing Director of VUMI Bangladesh, said, “VUMI will meet the demand of the job market and launch timely online courses.”

It will be an affordable solution for those who want to acquire and enhance their skills through education. It is even possible to collaborate online with foreign universities. It is a high-quality virtual platform.


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