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HCMC short of textiles, footwear labor

July 4, 2022 by e.vnexpress.net

Thanh Cong Textile Garment - Investment – Trading JSC in Tan Phu District is in need of more than 1,000 workers. The employees are to make up for those that have already submitted their resignation and to serve the company’s plan to expand 20 of its branches in various cities and provinces. Yet the company has had trouble recruiting new employees unwilling to work on assembly lines and deal with the pressure of meeting product quality and quantity. Nguyen Huu Tuan, the firm’s human resource manager, said the textile-garment sector is no longer attractive to laborers. He said "a significant number" of staff at the company has either quit or is about to, without revealing the specific figure. In most cases, those employees switch to work in other industries that can guarantee them higher salaries or move back to their hometown now that the living cost in the city has grown increasingly expensive. "With a monthly income of VND8-9 million ($340-385), workers would not be able … [Read more...] about HCMC short of textiles, footwear labor

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MTA launches summer youth volunteer program

July 5, 2022 by en.qdnd.vn

The program was held to promote the voluntary spirit of the academy’s youths to act for the community, contributing to social, economic, and cultural development of the country. In addition, the event offered participants an opportunity to pay gratitude to national heroes and fallen soldiers on the occasion of the Wounded and Fallen Soldiers' Day, to practice collaboration as a group, and self-improve their capabilities. The summer youth volunteer program includes numerous activities such as the social security and gratitude events, the support for freshmen, the voluntary blood donation, and so on. In order to complete the set targets, the academy has provided training courses on regulations and missions of the program and necessary skills for cadets and students. The academy’s leaderships and relevant agencies have also given adequate information and offered favorable conditions for students participating in the program. Translated by Trung Thanh … [Read more...] about MTA launches summer youth volunteer program

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WHA Industrial Zone 1 in Nghe An ready to welcome tech giant Compal

July 5, 2022 by vir.com.vn

Compal’s executives paid a visit to Nghe An to explore the feasibility of investment in the locality. WHA Industrial Zone 1 - Nghe An, owned by Thailand’s WHA Group, has the potential for developing tech manufacturing activities thanks to its advantages of modern infrastructure, transport connectivity, and environmental care. WHA Industrial Zone 1 is developed with high-quality standard infrastructure and world-class facilities. The 143.5-hectare Phase 1 of WHA Industrial Zone 1 has been completed with a high occupancy rate. Meanwhile, it is on track to complete the second phase with 354.5-hectare in October. Given that Compal is looking for a 50ha manufacturing site, the second phase of WHA Industrial Zone 1 could be ideal for Compal to kickstart its new manufacturing facility in Vietnam. WHA Industrial Zone 1 in Nghe An Ever since its initiation as a PC peripheral supplier in 1984, Compal has grown to its present scale with outstanding management and solid research … [Read more...] about WHA Industrial Zone 1 in Nghe An ready to welcome tech giant Compal

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Mixed views on global minimum corporate tax rate

July 5, 2022 by bizhub.vn

A Samsung manufacturing plant in Bac Ninh Province. — Photo baophapluat.vn The Organisation for Economic Cooperation and Development (OECD) two-pillar solution has introduced a global minimum corporate tax rate (GMCT) of 15 per cent applicable from 2023, but experts have mixed positions on the tax. Nguyen Mai, chairman of the Association of Foreign Investment Enterprises, said that the GMCT would boost Viet Nam’s tax revenues and contain tax avoidance, tax evasion and price transferring in the country. This is because tax rates lower than GMCT have incentivised illegal tax practices without significantly affecting investment attractiveness. In fact, 56 per cent of foreign-invested firms in Viet Nam declared unprofitability in 2020, with a total loss of VND151 trillion (US$6.5 billion), substantially reducing the country’s tax collection. Accordingly, he urged the Government to modify tax regulations in line with the GMCT and re-negotiate with FDI investors on investment terms … [Read more...] about Mixed views on global minimum corporate tax rate

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HCMC finishing preparation for high school graduation exam

July 5, 2022 by www.sggpnews.org.vn

Deputy Minister of Education and Training Nguyen Van Phuc is checking preparation tasks at Le Hong Phong High School for the Gifted. (Photo: Cao Thang) He proposed that the exam steering committee continuously check all organizational stages in compliance with the Prime Minister’s direction and the Ministry of Education and Training’s guidance, especially new regulations on high-tech fraud prevention and proper handling methods. Deputy Minister of Education and Training Nguyen Van Phuc is checking preparation tasks at Nguyen Thi Minh Khai High School. (Photo: Cao Thang) The Deputy Minister informed that according to the regulations for this year’s High School Graduation Exam, Covid-19 patients are entitled to exam exemption and graduation recognition. However, if wished, they are allowed to sit the exam in separated rooms, arranged by exam locations. Vice Chairman of HCMC People’s Committee Duong Anh Duc requested that HCMC Education and Training Department carefully … [Read more...] about HCMC finishing preparation for high school graduation exam

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