PouYuen Vietnam’s assistance for laid-off workers totals VND690 billion
HCMC – PouYuen Vietnam, the most labor-intensive company in Binh Tan District, HCMC, has offered financial assistance totaling VND689 billion to around 5,700 workers whose contracts were terminated in June and July this year. The Taiwan-invested footwear maker previously decided to lay off around
Finance Ministry to draft VND23 trillion support package for workers
HCMC – The Finance Ministry is set to develop a support package worth VND23 trillion (nearly US$100 million) from the Unemployment Insurance Fund to provide further assistance to workers. Finance Minister Ho Duc Phoc announced this during the National Assembly’s Q&A session on the morning of
PM requests inspection of electricity supply
HCMC – Prime Minister Pham Minh Chinh has instructed the Ministry of Trade and Industry to establish a team to inspect the electricity supply of Vietnam Electricity Group (EVN) from 2021 to June of this year. This request is part of a directive on ensuring electricity supply, which was signed and
Investors in 65 renewable energy projects seek pricing talks with EVN
HCMC – Investors in 65 out of the total 85 renewable energy transition projects, with a combined capacity of 3,640 MW, have written to Vietnam Electricity Group (EVN) proposing pricing negotiations before purchase agreements are reached, according to the Ministry of Industry and Trade. Of these
Employment demand slumps – Navigos Group
HCMC – The labor demand has remained low across various sectors, including hospitality, manufacturing, services, and technology, according to Navigos Group, a provider of executive search services in Vietnam. From January to April, the hiring demand decreased by 18% compared to the pre-Covid-19
Garment sector severely hit by mass layoffs
HCMC – The textile and garment sector in Vietnam has witnessed a significant impact on its workforce this year, with around 70,000 employees nationwide losing their jobs and another 66,600 having less working hours in January-May, the Ministry of Labor, Invalids and Social Affairs reported.
Vietnam Register clarifies inspection extension rule
HCMC – Shortly after the Ministry of Transport issued a new circular extending the roadworthiness certificates of private-use cars of up to nine seats for six months, Vietnam Register has made a clarification, saying only vehicles whose inspection certificates expire before July 1, 2024 will enjoy
Inspection cycle for private-use vehicles extended by six months
HCMC – The Ministry of Transport has released a new circular regarding the automatic extension of inspection certificates for privately owned vehicles with up to nine seats. Under the new regulation, the roadworthiness stamp and certificate for automobiles will be automatically renewed for an
PM urges immediate actions to prevent cargo backlogs at northern border
HCMC – The Prime Minister has called for proactive measures in the northern provinces to regulate and manage cargo transportation to border gates, resolve backlogs of exported agricultural products, and streamline administrative procedures to expedite customs clearance. As per the Government
Digital payment grows in popularity in Vietnam – Visa
HCMC – Vietnamese consumers are rapidly adopting many digital payment methods while moving away from cash, according to a recent report by global financial services firm Visa. In 2022, 66% of local consumers used online card payments and 70% used online or in-app mobile wallet payments, a sharp
Domestic fuel prices rise
HCMC – The retail prices of gasoline today, June 1, increased by VND390-520 per liter, according to an announcement jointly issued by the ministries of Industry and Trade and Finance. RON 95-III gasoline now sells for VND22,010 per liter, up by VND520, whereas the price of E5 RON92 bio-gasoline is
India to strengthen ties with Vietnam
HCMC – Madan Mohan Sethi, Indian consul general in HCMC, said India has strived for stronger cooperation with Vietnam as the two countries enjoy a long-lasting partnership based on mutual trust and respect. The two nations have a deeply rooted friendship, as seen during a recent meeting between