Vietnam guide

Vietnam Social Security is now ensuring social insurance benefits for employees at bankrupt businesses. Photo: Duc Thanh A representative of Vietnam Social Security (VSS) said it has received a petition from 14 associations and thousands of businesses about the proposal to exempt social insurance premiums during the implementation of social distancing at the request of the government. The decision of VSS still depends on a number of relevant ministries such as the Ministry of Labour, Invalids and Social Affairs (MoLISA) and the Ministry of Health. “The government has issued Resolution No.105/NQ-CP on September 10 on supporting businesses, cooperatives, and business households as the pandemic lingers. We are waiting for a reply from the MoLISA on exempting fees and removing difficulties for businesses,” said the VSS representative. He added that VSS will propose to exempt fines for late payments of social insurance arising in 2020 and 2021, according to regulations, after … [Read more...] about Vietnam Social Security awaits go-ahead to remove insurance issues for labourers

The draft document that guides how to adapt to Covid-19 safely strives for ‘zero Covid’ goal, not ‘living together with the pandemic’, the business community says. Representatives of eight associations of enterprises in key industries in the economy have sent a petition to the Prime Minister, suggesting opinions to the Ministry of Health's (MOH) draft guidance on adapting to Covid-19 safely. Businesses commented that the five criteria set by MOH are clear and scientific for assessing risk levels. However, the draft only gives general guidance, and doesn’t take into account the differences of the regions in the country. Therefore, the criteria are not flexible enough. Meanwhile, some tentative regulations aim at ‘zero covid’, not ‘living together with Covid’. According to the associations, the draft sets very tight control on pandemic zones and requires too much testing even when people are fully vaccinated, which is not necessary. If referring to the criterion about … [Read more...] about Businesses say Health Ministry’s guidance on ‘living together with pandemic’ is inflexible

In Kuala Lumpur (Photo: Reuters) Kuala Lumpur (VNA) - Malaysia aims for 4.5 to 5.5 percent annual economic growth and become a high-income country by 2025. Prime Minister Ismail Sabri Yaakob revealed the goals on September 27 as he tabled a sweeping five-year development plan, to be debated and voted on in parliament. The blueprint aims to guide the country go through the economic ravages of the COVID-19 pandemic, though the fight against the virus is far from over and the premier himself stressed the government's financial constraints. However, since March 27, 2020, Malaysia has launched eight  economic stimulus packages to support residents with a total value of up to 530 billion ringgit (about 126 billion USD) and has succeeded in stabilising its economy. After four consecutive quarters of decline, in the second quarter of 2021, Malaysia's economy grew 16.1 percent over the same period last year. It is expected that the government's financial situation will … [Read more...] about Malaysia aims to become high-income country by 2025