Reforms could ensure higher growth rates as Vietnam’s population ages
Vietnam’s economic growth could slow as its population ages, squeezing public finance and stressing the service delivery system, unless timely reforms are set in motion, a new World Bank report finds.
HCMC ‘four green’ scheme to reopen impracticable, say factories
Production facilities in HCMC are struggling to meet the stringent new reopening conditions related to Covid infections and commuting.
Red tape slows salary disbursement
A mere 2 percent of a VND7.5 trillion ($328.4 million) salary support package for Covid-affected workers has been disbursed after a month due to red tape.
Workers try to flee Vietnam’s biggest city as coronavirus crisis worsens
Thousands of jobless workers in Vietnam’s biggest city are trying to flee to their hometowns, many on motorcycles piled high with belongings, following an extension of restrictions in the epicentre of the country’s worst coronavirus outbreak yet.
Bureaucracy sees Hanoi workers give up on Covid aid
Faced with one bureaucratic hurdle after another, many workers in Hanoi have simply given up claiming Covid-19 support after losing their jobs to the pandemic.
Let workers go home, factories in the south propose
Many businesses in the southern region have found the stay-at-work production model financially untenable and want a more flexible Covid-19 strategy to keep supply chains intact.
Covid surge in Vietnam hits global supply chains
Manufacturers for Nike and Adidas forced to close factories as infections rise
COVID-19 turned Vietnam’s state-run Union’s greatest weakness into its biggest strength
The Vietnam General Confederation of Labor may be unable to fight for workers’ rights, but it is well-placed to help them amid the COVID-19 crisis.
Chinese manufacturers forced to halt production in Vietnam as coronavirus surge grows
Chinese manufacturers in southern Vietnam are suffering amid lockdowns and business closures, and they are not confident restrictions will be relaxed soon. A growing number of Chinese manufacturers have moved to Vietnam since the start of the trade war to…
As Vietnam’s coronavirus surge continues, lockdowns take their toll on factory output, small businesses
Vietnam’s Covid-19 hotspot Ho Chi Minh City has twice extended its lockdown, hitting manufacturers trying to export items such as clothing. An economist said the fourth wave is more devastating for labour migrants, informal workers and those in service industries…
Vietnamese millennials embrace early retirement movement
Thu Huong is financially independent and has retired from her career as a banker at 27, joining the retire early movement around the world.
COVID forces Vietnam factories to choose sleepovers or stoppages
Key supply chains for Apple, Ikea and Nike hit by strict anti-virus curbs.
Nike and Adidas supplier suspends production at Vietnam plant due to COVID
Taiwan’s Pou Chen Corp (9904.TW), which makes footwear for companies such as Nike (NKE.N) and Adidas (ADSGn.DE), suspended operations at its plant in Ho Chi Minh City on Wednesday as COVID-19 curbs hit factories in the country’s business hub.
Biggest HCMC employer suspends over 3,500 workers
Taiwanese-invested footwear maker Pouyuen Vietnam suspended 3,546 workers from the Mekong Delta Province of Tien Giang for seven days starting Friday for Covid-19 contact tracing.
Vietnam brewer Sabeco aims to secure COVID vaccines for workers
Other companies expected to follow suit as government signals private purchases
Tourism workers lose hope for summer travel season amid Covid
The latest Covid-19 outbreak in Vietnam has dented tourism workers’ hopes for the peak summer travel season.
Companies complain about new academic requirements for foreign execs
Many companies are unhappy with a new regulation that requires their foreign executives to have academic qualifications in their current line of work.
Vietnam Railways pleads for government funding as staff remain unpaid
Vietnam Railways owes its 11,300 workers four months’ salaries due to a funding delay by the government, and fears this could cause many to quit.
Vietnam aims to send 90,000 labourers to work abroad in 2021
The Ministry of Labour, Invalids and Social Affairs (MoLISA) is striving to send 90,000 Vietnamese labourers to work abroad in 2021.
No jobs, no social insurance : Workers left in the lurch by employers
Millions of workers lost their jobs to Covid-19, but many do not even get unemployment benefits since their former employers failed to pay social insurance premiums.
Nearly half of Vietnamese fear job losses due to automation
Forty five percent of Vietnamese are worried about losing their jobs to machines in future, a survey has found.
Vietnam’s labor rights make two steps forward, one step back
The EU-Vietnam Free Trade Agreement (EVFTA) is beneficial for both Hanoi and Brussels, but is Vietnam keeping its end of the bargain on labor rights ?
1.3mn people in Vietnam lost jobs to COVID-19 in 2020
About 1.3 million people in Vietnam became unemployed due to the COVID-19 pandemic in 2020, the General Statistics Office (GSO) said at a press conference on the country’s labor and employment situation held in Hanoi on Wednesday.
Vietnam to introduce extra pay for women’s work on period
A new piece of legislation to take effect on February 1 will grant bonus pay to female workers who do not plan to take menstrual leave and are approved to work on their periods by their employers. The provision was mentioned in…
New retirement age to affect 12,000 employees in HCMC next year
Government Decree No. 135/2020/ND-CP, effective as of January 1, 2021, states that starting next year, the new retirement age will be 60 years 3 months for men and 55 years 4 months for women. SGGP has conducted an interview with…
Vietnam’s public holidays in 2021
Workers will have 19 days on the public holidays on full pay in 2021. When a public holiday falls on a weekend – either Saturday or Sunday – the following days will be observed as a paid holiday.