Some 20,000 PouYuen workers take paid leave amid order shortfall
HCMC – A fall in new orders has forced PouYuen Vietnam, a major footwear manufacturer of Taiwan, to require 20,000 of its employees to take paid leave in rotation for three months, according to the HCMC Labor Confederation. As explained by the most labor-intensive firm in HCMC, the firm’s major
HCMC proposes shortening fuel price adjustment interval
HCMC – The HCMC People’s Committee has proposed that fuel prices be adjusted every five days, instead of every 10 days, to respond more quickly to global oil price movements. The HCMC government said that 9-20% of 549 fuel retailers in the city had reported daily supply shortfalls since October 1.
Four rates of environmental protection tax on fuels proposed for 2023
HCMC – The Ministry of Finance has proposed applying four rates of environmental protection tax on fuels in 2023 depending on global prices. When the global oil price is below US$70 a barrel, the tax rates would reach the ceiling level of the tax bracket, which is VND4,000 per liter on gasoline,
Vietnam’s three medical universities cooperate with Harvard Medical School
HCMC – The Hanoi Medical University, the Hue University of Medicine and Pharmacy and the University of Medicine and Pharmacy at HCMC have signed a partnership with Harvard Medical School (HMS), a graduate medical school of Harvard University, to set up a program for the training, study, and
Food production boosted in preparation for shopping spree
HCMC – Food and beverage manufacturers are ramping up output in preparation for a demand surge at the end of the year. According to an analysis of Mordor Intelligence Inc, a leading market research company, the Vietnam food service market is projected to register a compound annual growth rate of
Business-matching conference series kicks off in HCMC
HCMC – A series of business-matching conferences between HCMC and other localities kicked off at the Phu Tho Indoor Sports Stadium in HCMC yesterday afternoon, November 17, according to the local media. It comprises 500 booths of over 1,000 enterprises from 42 provinces and municipalities. Among
Night-time economy development grapples with inadequacies
HCMC – Despite the night-time economy showing a lot of potential, the country’s five biggest cities are finding it tough to develop it due to inadequate investment in infrastructure, according to the Departments of Industry and Trade of these cities. The HCMC Department of Industry and Trade
Fuel shortage drags on in Can Tho, Binh Duong
HCMC – The fuel shortfall continued to linger in the southern province of Binh Duong and the Mekong Delta city of Can Tho, forcing local retailers to put up “out of stock” notifications. The shortage was caused by an inadequate supply from fuel wholesalers. The Vietnam News Agency reported that
Massive layoffs result from slow order growth
HCMC – Many employees are dealing with reduced work hours or layoffs due to difficulties plaguing the manufacturing sector caused by a lack of new orders. Statistics from the Vietnam General Confederation of Labor (VGCL) showed that in recent months, the work hours of around 562,400 workers had
IDP allowed to resume IELTS tests from today
HCMC – The Ministry of Education and Training has issued a decision allowing IDP Education Limited to cooperate with IELTS Australia Pty Ltd to organize IELTS examinations within five years, starting from November 17. Candidates can take the IELTS tests of IDP at four locations across the country,
Mekong Connect Forum set for next week in Can Tho
CAN THO – The Mekong Connect Forum 2022 with the theme “Actively improve the connectivity and integration for mutual development” will take place in Can Tho City on November 23 and 24. The organizing committee of Mekong Connect 2022 held a press conference yesterday afternoon, November 16,
Sleeper buses may be banned from inner-city roads in mid-December
HCMC – The HCMC Department of Transport wrote to the HCMC People’s Committee today proposing banning sleeper buses from entering inner-city areas from 6 a.m. to 10 p.m. from December 15. The proposal comes as the city is struggling to deal with the rise in illegally established interprovincial bus