Vietnam has been named one of the rising stars of global trade with the sixth position among the top 20 markets with the greatest potential for future trade growth, according to a recent report by Standard Chartered.
Japan remained the largest market for Vietnamese guest workers in the first nine months of 2019, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs (MoLISA).
Prime Minister Nguyen Xuan Phuc asked the Vietnam General Confederation of Labour (VGCL) to boost coordination with the Government to better ensure the legal and legitimate rights and interests of workers, at a working session with the VGCL Presidium in Hanoi on September 25.
President of the Vietnam General Confederation of Labour (VGCL) Nguyen Dinh Khang has suggested the Federation of Korea Trade Unions (FKTU) increase the sharing of experience with its Vietnamese counterpart.
Vietnam's private consumption growth will remain strong, supported by improvements in the labour market as youth unemployment falls, minimum wages grow and lower inflation levels prevail, experts forecast.
The Ministry of Transport’s 58 billion USD plan for the North-South high speed railway faces daunting financial challenges, the Committee for Management of State Capital at Enterprises (CMSC) has said.
Urban technological progress raises the competitive advantage of urban firms over rural firms in product market competition, and can lead to a brain drain in rural areas, Oudom Hean of Ohio State University in the US said at a recent conference in Ho Chi Minh City.
Five garment companies based in Van Lam district, the northern province of Hung Yen, signed collective labour agreements with their employees on July 14.
The negotiating skills of executive boards of trade unions need to be strengthened, Tran Thi Thanh Ha, deputy head of the Vietnam General Confederation of Labour's labour relations department, said.
The Vietnam General Confederation of Labour revealed options for the regional minimum wage increase in 2020 ahead of the second round of negotiations,which is set to take place in Hanoi on July 11.
The number of people coming to Vietnam combining business with tourism has increased significantly in recent times, and is one of the reasons for arrival numbers to jump in recent years.
The Vietnamese economy is expected to grow at around 6.7 percent this year, the fastest rate in South East Asia, according to the Institute of Chartered Accountants in England and Wales’ recent Economic Insight: South East Asia report.
Deputy Minister of Labour, Invalids and Social Affairs Doan Mau Diep has shared foreign nations’ experiences in keeping elderly employees to work in schools factories, and even leadership positions.
Vietnam is among the top countries attracting foreign direct investment in the Asia-Pacific region, but the rate of domestic small- and medium-sized enterprises (SMEs) participating in the value chains of foreign-invested companies is rather low, according to the Investment and Trade Promotion Centre of Ho Chi Minh City (ITPC).
Despite the effects of the trade war, the Thai domestic consumption figures, government investments, and the tourism sector still all perform well; resulting in continuous growth of the Thai economy in April.
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