Invalids and social affairs

Minister of Labours, Invalids and Social Affairs Dao Ngoc Dung. (Photo: VNA) Hanoi (VNA) – All policies supporting workers affected by the COVID-19 have been implemented in an integrated and effective way, ensuring people’s life, Minister of Labours , Invalids and Social Affairs Dao Ngoc Dung told the 15th National Assembly on July 25 morning. The strong surge in COVID-19 cases since April 27 has put enormous pressure on the economy and society, he said, citing the fact that employment rate reached 2.52 percent, with the services sector being the hardest hit. Some industries are shrinking further this year, such as travel, lodging service and transportation. About 70,000 enterprises in the economy have suspended operation or gone bankrupt. The pandemic has also been attacking industrial parks and export processing zones where a large number of workers are employed, Dung continued. He stressed that HCM City, Hanoi and many other localities have imposed full or partial … [Read more...] about Support policies effectively implemented for pandemic-hit workers: Minister

Pandemic-hit HCM City looks to sustain growth momentum this year Ho Chi Minh City, the biggest economic hub in southern Vietnam, aims to sustain growth momentum in the remaining months of 2021 even when it is battling the worst-ever COVID-19 resurgence which began in late May. Data from the municipal Statistics Office, the city’s Gross Regional Domestic Product (GRDP) grew 5.46 percent year-on-year in the first half of this year. Total retail sales of goods and services reached about 542 trillion VND (23.5 billion USD), up 7.3 percent year-on-year. Budget revenue exceeded 198.56 trillion VND, up 20.7 percent and representing 55.7 percent of the yearly plan. Its Industrial Production Index (IIP) picked up 5.9 percent during the period, with growth seen in all four key industries – food and beverage (1.2 percent), pharmaceutical chemistry (2.6 percent), electronics (15.6 percent), and mechanical engineering (10.7 percent). This year, HCM City sets to achieve … [Read more...] about VIETNAM BUSINESS NEWS JULY 25

New benefits The decision, announced by Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung at a July 7 press conference, provides detailed guidance on conditions and procedures for implementing 10 support policies. The package is a follow-up to a previous initiative of VND62 trillion Vietnam issued last year to support the needy and businesses hit by Covid-19. Deputy Minister of Labor, Invalids and Social Affairs Le Van Thanh said Resolution 68/NQ-CP is designed to achieve the dual goal of pandemic control and economic development. The package includes benefits for holders of occupational accident insurance policies, with the premium reduced from 0.5 percent to zero percent, while the benefits remain unchanged. Employers can use the savings to support workers. Foreign workers in Vietnam who pay this insurance will be entitled to benefits. Regarding support for quarantined people, those infected (F0 category) and those who have come in direct contact with … [Read more...] about New government bailout package: More benefits, less red tape