Salary earners

The Vietnamese Government has called on the business community to develop social housing projects and make suggestions to remove difficulties and obstacles in the implementation of projects. About 1.2 million apartments under social housing projects will be built for Vietnamese low-income earners and workers from now to 2023. This is the commitment of local businesses participating in the conference to promote social housing development for low-income earners and workers, which was chaired by Prime Minister Pham Minh Chinh in Hanoi on August 1. Vietnam's Prime Minister Pham Minh Chinh states at the conference. Photos: VGP Prime Minister Pham Minh Chinh said enterprises who have registered to construct 1.2 million apartments (apts) from now until 2030 need to fulfill their commitment, adding the Ministry of Construction is required to draft a social housing development plan for low-paid workers this August. The Prime Minister said that one of the major … [Read more...] about Businesses commit to building social housing projects for low-income earners

An overview of the meeting (Photo: VNA) Hanoi (VNA) – Designing an appropriate salary and bonus system to attract talents to the state apparatus was a highlight of the sixth ASEAN+3 (China, Japan and the Republic of Korea) senior officials’ meeting (SOM) that was held in Hanoi on August 3 as part of the 21st ASEAN Cooperation on Civil Service Matters (ACCSM 21). Addressing the event, Vietnamese Deputy Minister of Home Affairs Vu Chien Thang welcomed specific proposals and support that China, Japan and the Republic of Korea (RoK) have given to the implementation of programmes and projects within the ACCSM Work Plan . He said that the meeting aims to promote connectivity within ASEAN 3 towards the goal of modernising the civil service towards a cohesive and responsive ASEAN Community in which people and businesses are placed at the centre, while sharing best practices and knowledge in areas for common interest. A representative from the Chinese delegation affirmed that … [Read more...] about ASEAN, partners foster partnership in civil service affairs

Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending. America's largest warehouse market is full and major U.S. retailers such as Best Buy and Target Corp warn of slowing sales as shoppers tighten their belts after early COVID-era spending binges. The effect is acutely felt in Vietnam's northern province of Thai Nguyen, one of Samsung's two mobile manufacturing bases in the country where the world's largest smartphone vendor churns out half of its phone output, according to the Vietnam government. Samsung, which shipped around 270 million smartphones in 2021, says the campus has the capacity to make around 100 million devices a year, according to its website. "We are going to work just three days per week, some lines are adjusting to a four-day workweek instead of six before, and of course no overtime is needed," Pham Thi … [Read more...] about Samsung workers in Vietnam bear brunt of slowdown in global demand for electronics

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - Prime Minister Pham Minh Chinh on August 3 urged stronger determination, efforts and actions to disburse public investment as part of the Government’s main priorities. Prime Minister Pham Minh Chinh addresses the Government's meeting in Hanoi on August 3. (Photo: VNA) At the Government’s monthly meeting held in Hanoi, the Ministry of Finance reported that nearly 186.85 trillion VND (7.98 billion USD) of investment capital sourced from the state budget had been disbursed as of July 31, equivalent to 34.47% of this year’s target, down slightly from the same period last year. Read full story - Permanent Deputy Prime Minister Pham Binh Minh affirmed that Vietnam attaches importance to locality-to-locality cooperation while receiving Governor of Japan’s Gunma prefecture Yamamoto Ichita in Hanoi on August 3. Read full story - Foreign Minister Bui Thanh Son had meetings … [Read more...] about ☀️ Morning digest August 4

Prime Minister Pham Minh Chinh speaks at the event. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on August 4 commended efforts by the banking sector in digital transformation with diverse products and services for people and businesses. Addressing “Digital transformation day of the banking sector ” in Hanoi, Chinh, who is also head of the National Committee on Digital Transformation , stressed that the sector has played a significant role in national digital transformation. He urged the sector to further reform its management methods towards modernity and transparency, and diversify and improve the quality of its products and services, contributing to fighting money laundering. The sector should work to understand more about the demand of people, businesses and credit institutions to devise suitable legal documents, facilitating the application of digital technologies in banking services, the PM went on. He asked the State Bank of Vietnam (SBV) to … [Read more...] about PM lauds digital transformation in banking sector

Students in the International University (member of Vietnam National University – HCMC) in their practice lesson. (Photo: SGGP) Deputy Minister of Education and Training Hoang Minh Son reported that with the implementation of Resolution No. 77/NQ-CP on piloting renovation of operation mechanism for public higher education institutions from 2014-2017, higher educational facilities have made great strides in opening up resources and the capacity of training institutions has been maximized. Currently, 142/232 universities are eligible for autonomy according to the provisions of the revised Higher Education Law. Thanks to this autonomy mechanism, piloting universities can attract more capable lecturers and researchers, with the percentage of those owning a doctorate degree reaching 31 percent in 2021. In the four years from 2018, the average salary of employees in these universities rose by 18.7-20.8 percent. The rate of lecturers earning less than VND100 million a year (US$4,300) … [Read more...] about Vietnam using autonomy mechanism to revolutionize universities