Foreign business chambers are urging the government to reopen the local economy to retain investments in the country.
The digital-transformation programme is designed to help enterprises, cooperatives, and household businesses in their digitalisation efforts.
On average, over 11,300 companies withdraw from the labour market each month, across various industries.
These include a 30% cut in corporate income tax, and a 30% value-added tax cut for businesses in sectors hit hard by the coronavirus pandemic.
Many companies in the southern part of the country are seeking approval to allow their staff to go back to their own residences.
To buffer the impact of pandemic lockdowns, the government has been providing help to workers via its various policies.
Companies can now apply for interest-free loans to pay furloughed staff and salaries from the Vietnam Bank for Social Policies.
To offer financial aid to those affected by the pandemic, the government is planning a VND26-trillion (US$1.13-billion) package.
The VND27,600 billion (US$1.2 billion) relief package will support workers and businesses badly hit by the pandemic.
Most employers are willing to pay to vaccinate their employees to curb the spread of the virus in their companies.
Local governments have been urged to relax overly strict lockdowns that are affecting production and business activity in some provinces.
Three major manufacturing associations are calling for the vaccination of workers against COVID-19 due to the latter’s vulnerability to infection.
Data from the General Statistics Office (GSO) showed that the average income of workers rose 5.7% in Q1 compared to Q4 of 2020.
To upskill workers likely to lose their jobs due to COVID-19, the labour ministry has proposed a programme to train them.
Minister of information and communications Nguyen Manh Hung has said the country plans to implement a digital government by 2025.
The pandemic has not only worsened existing gender inequalities, but also created new ones, said the International Labour Organisation (ILO) in Vietnam.
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.