Whats unpaid debt

Hanoi (VNS/VNA) - Many businesses have scaled down production and reduced their workforce due to the COVID-19 pandemic, leading to a decrease in the number of those participating in social and health insurance, as well as an increase in unpaid social security debts, experts have said. As a result, the Government’s targets on sustainable development of participants in social insurance will be difficult to achieve if no drastic measures are taken. Pham Xuan Toan, director of southern Binh Thuan province’s Social Security, said the COVID-19 pandemic had a great impact on many businesses in the province, proven by the adjustment of participants in social security and health insurance. Figures from March 1 to the end of June showed that more than 740 enterprises in the province, accounting for 47.5 percent of the total, have stopped participating in health insurance for more than 12,240 workers. These workers either quit their jobs or requested unpaid leave. More than … [Read more...] about Measures needed to raise insurance participation

In the past, there were major changes among key executives of HNG before the extraordinary general meeting took place. Specifically, the company dismissed two deputy general directors and the chief accountant in early December last year. By the end of the same month, the firm received resignation letters tendered by three board members for the 2020-2025 tenure—Do Xuan Dien, Vo Truong Son and Nguyen Quan Anh—and head of the supervisory board Le Hong Phong. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 12

GDP growth should resume in 2021, by 5.2 per cent if the virus is contained, and 2.8 per cent if there is another infection wave, the Organisation for Economic Co-operation and Development said in its latest outlook, entitled "World Economy on a Tightrope". … [Read more...] about World economy to contract at least 6% in 2020: OECD

Unable to hear a thing and control her voice while speaking (with a lisp), Hao clumsily tried to communicate with her in-laws and even to this day, recalls the feelings of confusion and despair she felt when poor communication resulted in misunderstandings during her first days as a daughter-in-law. … [Read more...] about Vietnamese IT engineer follows heart marrying deaf woman

The country should increase national resilience with a focus on State-owned enterprises (SOEs), small-and-medium enterprises (SMEs) and the informal sector. SMEs and the informal sector collectively form a crucial domestic demand engine and will continue to need support, especially in the short term while growth and incomes remain depressed. SOEs account for one-third of GDP yet grow much more slowly than other companies do. While Việt Nam has reduced its number of fully owned SOEs by more than 90 per cent since 2001, its journey is far from complete because these efforts have yet to make the sector any leaner. Targeted equitisations, sustainable divestments, and transformation programmes could be considered to make SOEs competitive at home and even more competitive on the global stage. … [Read more...] about The right structural adjustments help Việt Nam achieve long-term growth aspirations