New car insurance grace period

It was in 1999 when Prudential entered the insurance market in Vietnam. At that time, life insurance was still a completely new and strange concept for many Vietnamese people. Avoid mentioning risks or proactively preparing for unexpected events? Back then, Vietnamese people’s mindset for protecting themselves for the future was entirely focused on savings. The implementation of a savings plan was arbitrary and lacked discipline. As a result, they did not have enough to spend when difficulties occurred. Vietnamese people also tended to avoid talking about, thinking of, or discussing unfortunate things. The Vietnamese expression "an unfortunate man would be drowned in a teacup" partly reflects this mindset. People would not make any preparations to face the uncertainties of life. However, due to the developing economy, improving standards of living, and the emergence of a life insurance industry, the way Vietnamese people plan for uncertainty has gradually been changing … [Read more...] about Gradually changing perspective about life insurance

The government and the International Labor Organization (ILO) signed a new framework agreement on December 5 called “Vietnam’s Decent Work Country Program for 2017-2021” on employment, social protection, and labor market governance. The new document sets the framework for cooperation between the ILO and Vietnamese partners over the next five years to make progress towards achieving decent work for all in the country. The program was signed by Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung, leaders of social partners (President of the Vietnam Chamber of Commerce and Industry Vu Tien Loc, President of the Vietnam General Confederation of Labor Bui Van Cuong, and Chairman of the Vietnam Cooperative Alliance Nguyen Ngoc Bao), and ILO Vietnam Director Chang-Hee Lee. The ILO and its constituents agreed to set out three country priorities to address in the coming years. They include promoting decent employment and an enabling environment for sustainable … [Read more...] about Vietnam & ILO agree to new labor framework

Illustrative image (Source: baohaiduong.vn) Hai Duong (VNA) – The Red River Delta province of Hai Duong aims to have 20 percent of its communes recognised as advanced new-style rural areas during the 2021-2025 period. Besides, 10 percent of the communes are expected to win the status of model new-style rural area. At least two districts in the province will meet criteria for a model new-style rural area and per capita income in rural areas is set at 55 million VND (2,365 USD). To that end, Hai Duong needs to mobilise more than 35 trillion VND (1.5 billion USD) for the programme, of which nearly 9 trillion VND (387 million USD) will come from the State budget and 20 trillion VND (860 million USD) from credit loans. As of September this year, 190 out of the 220 communes in Hai Duong had been recognized as new-style rural areas, reaching 96.3 percent. A further 11 communes, three districts and a city are expected to receive the same recognition by the end of this year. … [Read more...] about Hai Duong needs 35 trillion VND for new-style rural area building

Hai Duong, (VNA) – The northern province of Hai Duong had recorded impressive results in new-style rural area building between 2010-2019, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien. Speaking at a conference to review the 10 years implementing the new-style rural area building in Hai Duong on October 2, the official noted that as of September this year, 190 out of the 220 communes in Hai Duong had been recognized as new-style rural areas, reaching 96.3 percent. A further 11 communes, three districts and a city are expected to receive the same recognition by the end of this year. Average per capita income in rural areas has reached 42.8 million VND (???USD) annually, up 14.2 million compared to 2015. Meanwhile, the rate of poor households has dropped to 2.53 percent, while 91 percent of locals have health insurance, up 15 percent over 2015. Since 2010, Hai Duong has mobilized over 44.4 trillion VND for the programme. Hai Duong is striving … [Read more...] about Hai Duong shows strong performance in new-style rural building

  Traffic and construction density contribute to Hà Nội’s air pollution. Mobile emissions tests will be implemented on the city’s cars. Photo taken on Trường Chinh Street. — VNA/VNS Photo Huy Hùng HÀ NỘI — Hà Nội and HCM City planned to deploy roadside emissions tests for vehicles in response to the declining air quality, the Ministry of Transport has announced. Roadside tests will be carried out in the country’s two biggest cities in a co-effort by the Transport Ministry, Việt Nam Register and departments of transport to raise awareness of car owners about periodic engine maintenance in an effort to get air pollution under control. The force will first focus on checking public buses, coaches and trucks discharging black smoke, and at the same time, urging transport enterprises to tighten management over vehicles to meet safety and … [Read more...] about On-road emission tests carried out in Hà Nội and HCM City