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How to Open a Hotel in Vietnam: Ultimate Guide 2024
How to Open a Factory in Vietnam: Ultimate Guide 2024
How to Open a Supermarket in Vietnam: Ultimate Guide 2024
How to Form a Company in Vietnam: Technical Guide 2024
How to Start an English Centre in Vietnam: Ultimate Guide 2024
How to Start a Business in Vietnam: Ultimate Guide 2024
How to Export Coffee from Vietnam: Ultimate Guide 2024
How to Import Coffee to Vietnam: Ultimate Guide 2024
How to Open a Gym in Vietnam 2024: Ultimate Guide
How to Open a Bar in Vietnam 2024: Ultimate Guide
How to Open a Restaurant in Vietnam: Ultimate Guide 2024
How to Open a Cafe in Vietnam: Ultimate Guide 2024
Vietnam Airports: Foreign Investors Guide 2024
Vietnam Seaports: Foreign Investors Guide 2024
Minimum Wage in Vietnam 2024: Your Questions Answered
Logistics in Vietnam: Ultimate Guide (2024)
Gambling in Vietnam: Foreign Investor Quick Read 2024
Public Holidays in Vietnam 2024: Cheat Sheet
Corruption in Vietnam: Cheat Sheet 2024
Tax in Vietnam 2024: Quick Read
Value Added Tax in Vietnam 2024: Quick Read
Corporate Income Tax in Vietnam 2024: Quick Read
Personal Income Tax in Vietnam 2024: Quick Read
Vietnam Special Consumption Tax 2024: Quick Read
Video Games in Vietnam: Cheat Sheet 2024
English News in Vietnam: A Quick Guide 2024
Where are Nikes Made in Vietnam 2024?
Vietnam Supermarkets: Foreign Retailer’s Guide 2024
Shopping in Vietnam: Quick Guide 2024
Vietnam’s Financial Sector: An Overview 2024
Vietnam’s Imports and Exports, March 2024: Snapshot
Vietnam’s Imports and Exports, February 2024: Snapshot
Snapshot: Manufacturing in Vietnam, February 2024
Vietnam’s Economy, February 2024: Snapshot
Snapshot: Manufacturing in Vietnam, January 2024
Vietnam’s Stock Market, January 2024: Snapshot
Vietnam’s Economy, January 2024: Snapshot
Snapshot: Manufacturing in Vietnam, December 2023
Vietnam’s Stock Market, December 2023: Snapshot
Vietnam’s Economy, December 2023: Snapshot
In the past the leaders of SOEs have always been members of the Communist Party of Vietnam which has significantly reduced the talent pool from which to draw–there are currently only a little over 5 million members of the party or around 5 percent of the population. This also leaves these positions open to being filled through political jostling and networking often connected to seniority and an individual’s position within the party more broadly, rather than merit and qualifications…
Labour productivity is a recurring theme in Vietnam with the country trailing in Southeast Asia. In 2021, it was fourth to last of ASEAN member states (excluding Burnei), ahead of only Myanmar, Cambodia, and Lao. According to the Asian Productivity Organisation Vietnamese workers were productive to the tune of…
If a plan to raise the salaries of Vietnam’s lowest paid civil servants is approved, it will see their pay increase to no less than VND 5 million, about US$200 a month. This will be roughly in line with the region 1 minimum wage from July 1st but still quite
The four regions by which Vietnam defines what minimum wage should be paid where, are to be updated this year when the minimum wage rises in July. This will see several local government areas move up a bracket giving an extra boost to minimum wage workers in these areas. Moving
This will be welcome news for Vietnam’s minimum wage workers with no minimum wage hike last year despite inflation floating around 4 percent. The Vietnam General Confederation of Labor had been pushing for between 6.48 percent and 7.3 percent with the Vietnam Chamber of Commerce and Industry, a peak business representative body, pushing for between 4.5 and 5 percent. Vietnam’s National Wage Council, which makes recommendations to the ministry, looks to have essentially split the difference.
Overtures have been made by the Vietnam General Confederation of Labour–the VGLC–to the Ministry of Labor, War Invalids and Social Affairs to reduce standard working hours below the current 48 hours a week. This was announced back in January, however, in recent weeks the idea has gained traction with local
Worker retention has become a problem at some firms in Vietnam due to pending changes to the ability to access social insurance before retirement. Currently, workers can choose to take a one-time payout if they are out of work for more than a year. There have, however, been reports that
DW is carrying this analysis of Vietnam’s approach to ratifying the UN International Labor Organization’s Convention 87 which would allow independent trade unions in Vietnam. Of note, it carries comments from Joe Buckley, a researcher specialising in labour and development in Southeast Asia. He points out that Vietnamese law makes
Vietnam is set to ratify the UN’s Freedom of Association and Protection of the Right to Organise Convention this year, Reuters is reporting citing UN officials and diplomats.This would essential give workers the right to organise their own trade unions independent of the government–currently, all trade unions must be affiliated
Vietnam’s National Wage council has approved a 6 percent pay raise for Vietnam’s minimum wage workers from July 1, 2024, VN Express is reporting. The Vietnam General Confederation of Labor had been pushing for between 6.48 percent and 7.3 percent whereas the Vietnam Chamber of Commerce and Industry, a peak
Only 13,300 people were registered to receive unemployment benefits in HCMC in November, a drop of nearly 25 percent from June, VN Express is reporting. The publication is saying that this is a sign that the wave of layoffs that have plagued the manufacturing sector may have slowed this year.
The Ho Chi Minh City Football Club has failed to pay staff and players to the tune of US$1.23 million, VN Express is reporting. The publication is reporting that this sum is made up of salaries and bonuses and dates back as far as last year. Why it matters: This
Aon’s 2023 Salary Increase and Turnover Report has found that Vietnam has seen an actual salary increase of 7.5 percent this year, Human Resources Online is reporting. The report also found an expected increase in 2024 of 8 percent and says that tech sector wages in Vietnam are expected to
Vietnam’s tech sector has been hit with a wave of layoffs on the back of reduced demand but also a lack of skills, VN Express is reporting. It’s quoting data from TopDev which found that almost 90 percent of companies were looking to recruit less than 50 programmers this year,
‘Experts’ are calling for a comprehensive investment strategy to encourage university students to enrol in STEM subjects, Vietnam Plus is reporting. The percentage of students enrolled in STEM subjects in Vietnam in 2021 was 28.7 percent compared to 46 percent in Singapore, 50 percent in Malaysia, 35 percent in South
Just 14 million or 26.8 percent of Vietnam’s workforce have a degree or formal qualifications, Doanh Nhan Saigon is reporting. A further 33 million workers or 66.6 percent of the workforce are also employed in informal work–subsistence farming for example. This suggests that low-cost labour may be an option for
VN Express is carrying the outcomes of a HSBC survey that found low labor costs and economic resilience the two main reasons businesses considered Vietanm in their expansion plans. There is, however, no mention of tax incentives in either the article or HSBC’s original press release. Note: Tax incentives can
The Investor is carrying an interview with Simon Matthews, regional manager of workforce solutions company ManpowerGroup Vietnam (MPGV), Thailand, and the Middle East. He says: Vietnam needs to improve its English language proficiency; That 30 percent (120) of the 400 roles MPGV filed in the first six months of this
Co-working space, The Sentry, and market research firm, Decision Lab, have released a report on what Vietnamese employees are looking for in their employers. For Gen X its learning opportunities for Gen Y is money which fits with broader observations of younger people have greater flexibility and older people have
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Nuclear Power in Vietnam: Unpacked 2024
Vietnam’s Offshore Wind Power Holdup: Unpacked
The Dong’s Wild Ride: Unpacked
Insolvency in Vietnam 2024: Unpacked
Vietnam’s Real Estate Market Recovery 2024: Unpacked
Vietnam’s Airline Industry Turbulence: Unpacked
Vietnam’s Semiconductor Manufacturing Ambitions: Unpacked
The US Election and Vietnam: Unpacked
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Vietnam Stock Market Indexes: Quick Guide 2024
The Gold Price in Vietnam: Explained 2024
Vietnam Beer: What You Need To Know in 2024
Made in Vietnam: Brands and Goods 2024
Vietnam Footwear Manufacturers: Quick Guide 2024
Vietnamese Coffee Brands: Quick Guide 2024
Vietnamese Instant Coffee: Quick Guide 2024
Vietnam Clothing Suppliers: Quick Guide 2024
Vietnam Garment Manufacturing 2024: Ultimate Guide
Insurance in Vietnam: Industry Overview 2024
Manufacturing in Vietnam 2024: Ultimate Guide
Average Salary in Vietnam 2024: Quick Guide
Banking in Vietnam: Industry Overview 2024
The Vietnam Stock Exchange: Quick Guide 2024
Vietnam’s Foreign Ownership Limits: Quick Guide 2024
Vietnam News Media Regulations 2024: An Overview
Vietnam CPI Tracker: 4.34 percent in June [data set]
Vietnam’s adds US$4.1 billion FDI, June [data set]
Vietnam May exports top US$32.26 billion [data set]
Vietnam-US Trade Tracker: May 2024 Update [data set]
Global talent index ranks Vietnam No. 75
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