Unemployment insurance has covered nearly 13 million people in Vietnam so far (Photo: VNA) Thanh Hoa (VNA) – Vietnam has recorded continuous expansion of unemployment insurance coverage over the last 10 years with the number of people under this scheme approximating 13 million at present. The information was released by the Department of Employment under the Ministry of Labour, Invalids and Social Affairs at a meeting reviewing 10 years of the unemployment insurance policy held in Thanh Hoa province on July 12. Deputy Director of the department Le Quang Trung said the impact of unemployment on economic, political and social stability in each country is considerable. It is one of the basic causes of economic stagnation since a high unemployment rate is accompanied by income decrease. Noting the growth in the number of people covered in unemployment insurance from 2008 to 2018, he said while the figure was just about 5.99 million in 2009, it topped 10.3 million in 2015 … [Read more...] about Unemployment insurance covers nearly 13 million people
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Top Solvent Co., Ltd. has opened its 27,000 square metre, VND300 billion ($13 million) integrated solvent facility in DEEP C Industrial Zone, gearing up to extending its reach not only in Vietnam, but all across Southeast Asia. The inauguration in DEEP C Industrial Zone took place last week in Haiphong Thai Oil Pcl. (TOP), established in 1961, is one of the leading integrated refinery and petrochemical companies in the Asia-Pacific. TOP businesses are structured as an integrated operation of long value chains in order to capture and maximise synergy value covering oil refining, aromatics production, lube base oil production, power generation, marine transportation, petroleum transportation via multi-product pipeline, marine transportation, and related business, renewable energy business and its related products, solvent and chemical products business, and high-level consultancy service in an area of oil refining and petrochemical technologies … [Read more...] about $13 million Top Solvent Haiphong facility opens
The Hanoitimes - The sanctions leave direct impact on North Korean economy shown through a sharp decline in exports last year. What are visions for the denuclearization after second no-deal summit? The failure of the second Trump-Kim summit in Hanoi suggests sanctions remain a big issue between the US and North Korea, foreign media quoted international experts as saying. The UN Security Council votes to adopt a resolution imposing sanctions against North Korea. Photo: Getty Images North Korean nuclear negotiator Kim Yong Chol told Secretary of State Mike Pompeo in May 2018 that Pyongyang’s shift away from weapons was “not a result of sanctions that have been imposed from outside.” But in July 2018, Seoul-based Bank of Korea estimated the North Korean economy had seen its biggest decline in two decades, with the country’s real annual gross domestic product (GDP) falling by 3.5% in 2017 while exports declined 37.2% in 2017 alone. … [Read more...] about How much do US-led sanctions hurt North Korea economy?
Picodi.com, a Poland-based international e-commerce company that provides discount coupons to online stores in 41 countries, said its survey found men would spend VND1.45 million ($62.56) and women, (VND1.1 million). The survey polled 6,400 people in 38 countries where Valentine’s Day is celebrated. In Vietnam, 72 percent said they would be celebrating. The vast majority said they would buy gifts for their significant other (88 percent), while 6 percent would get presents for family and relatives and 3 percent for close friends. The purchase of gifts began to pick up two weeks before the day, especially of items such as jewelry and perfume. By February 13 and 14 the buying was quite low. In terms of average money spent on gifts, Vietnam ranked 25th out of the 38 countries surveyed, significantly less than Germans ($76) and Czechs ($68) but more than other Eastern European countries such as Poland ($52) and Hungary ($48). Lovers in Ireland, Thailand and the UK … [Read more...] about How much are Vietnamese willing to spend on Valentine’s Day gifts?
By Ngoc Nguyen  December 18, 2018 | 07:56 am GMT+7 Tourists traveling in boat along a River in Ninh Binh Province, northern Vietnam. Photo by Shutterstock/Efired Vietnam has established a VND300 billion ($13 million) fund to promote tourism that will operate as a limited company. The company, under the management of Ministry of Culture, Sport and Tourism, will begin operations next February with VND300 billion from the state budget as its registered capital. Every year, its capital will be augmented by funding from several sources including 10 percent of the country’s visa fee revenues, 5 percent of entrance fee revenues from tourist sites and contributions from tourism enterprises, organizations, individuals and other sources. The company will invest in promotions, product development, training of human resources, and improvement of institutional capacity in the tourism sector. It has been set up in accordance with the Law on Tourism that was passed … [Read more...] about Vietnam sets up $13 million tourism promotion fund