The labour ministry has vetoed a proposal for hiking the country’s minimum wage this year, saying Vietnam has yet to recover from the pandemic.
A strong, effective and sustainable lending mechanism is important to remove credit barriers facing SMEs.
The city government has requested permission from the Ministry of Home Affairs to employ 10,700 civil servants in 2021 instead of the 7,100 approved earlier.
Out of the six leading economies in Southeast Asia, three countries are expected to expand in 2021, while others will struggle to recover.
Driven by rising exports, Vietnam’s economy has outperformed others in the Southeast Asian region through the pandemic.
HCMC Party Chief hopes South Korea will provide support in HR training in IT, AI, healthcare, tourism, urban management, automation and logistics.
Despite the impact of the COVID-19, Vietnam and Myanmar are the only two countries in ASEAN that are expected to register positive growth this year.
The South-East Asian country is continuing to feel the impact of the pandemic after record growth was recorded in the previous two years.
The IFC has earmarked a series of financial aid initiatives to provide COVID-19 support for MSMEs in Asia-Pacific.
Despite the uncertainty presented by the pandemic, SMEs in Vietnam will continue with their investment plans.
More than 29,000 businesses have had to suspend operations in Vietnam in the first half of 2020, reported the General Statistics Office of Vietnam.
How much are individuals and businesses being taxed in South East Asia? Read more to find out how much tax different countries are imposing.
Bangkok-based Infofed will use a new injection of funds to expand its presence in Southeast Asia and spark job creation.
The Southeast Asian economy has grand plans to raise its retirement age, allow trade unions and become a leading innovation centre.
As the biggest benefactor of the US-China trade war, Vietnam is feeling the squeeze as companies open manufacturing plants in the country.
The two ASEAN economies both want to woo companies away from China amid its political and economic tensions.
Many say the minimum wage in Vietnam should rise this year, but there is dispute about how much of a jump can be afforded.
With more firms expected to relocate from China to Vietnam this year, there will likely be strong demand for labour in the latter.
Labour costs in Vietnam are among the highest in Southeast Asian countries, and poses the largest investment risk in the country.
The retirement age for male and female workers could increase from 60 and 55 at present to 62 and 60 respectively from 2021.
Most Vietnamese workers want to switch jobs in 2019 due to a lack of career advancement, according to a survey.
Compared to Taiwan and the Middle East, a Vietnamese worker earned more working in Japan and South Korea in the 2010-2017 period.
Vietnam has shown to be promising for expats who are seeking both opportunities and challenges to boost and develop their careers.