Hanoi (VNA) - The unemployment rate among those aged 15 and above in Vietnam stood at 2.05 percent last year and the figure in urban areas is almost double that of rural areas, the 2019 population and housing census reveals. Results of the census, released by the General Statistics Office (GSO) recently, indicate that up to 65.57 percent of Vietnam’s population live in rural areas but the unemployment rate among people aged 15 and above there was only 1.64 percent (1.59 percent among men and 1.69 percent among women). The rate in urban areas was 2.93 percent (2.86 percent among men and 3.01 percent among women). In terms of gender, the jobless account for 2 percent of working-age males and 2.11 percent of working-age females. The southeast region had the highest rate of people aged 15 and above without jobs, at 2.65 percent, followed by the Mekong Delta with 2.42 percent and the north-central and central coastal regions with 2.14 percent each. The lowest rates were recorded … [Read more...] about Unemployment rate in urban areas almost doubles that in countryside
Which investment offers the highest rate of interest
Under the resolution, the country will aim to attract foreign investment in a selective manner, focusing on quality, efficiency, technology and environmental protection. Priority will be given to foreign direct investment (FDI) projects that use advanced technology and modern management with high added value, bringing spillover effects to Vietnamese enterprises, especially small and medium-sized enterprises; and the projects must be able to connect to the global production and supply chain. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
The police have cracked down on many crypto rings so far. Many investors have been lured through the simple investment procedures and interest rate as high as 90% per month, and have been consequently defrauded for up to hundreds of billion of dong. Some swindlers have even offered an astounding interest rate of 120% per month to attract investors. … [Read more...] about Calling for cryptocurrency investment is illegal: official
HCM City (VNA) – As of June 29, banks in HCM City had slashed interest rates, extended debt repayment deadlines, and maintained debt classifications for businesses hurt by the COVID-19 on the total loans worth more than 384.6 trillion VND (16.53 billion USD). About 230,700 borrowers have so far benefitted from these policies which were adopted in response to the State Bank of Vietnam (SBV)’s Circular No.1/2020-TT-NHNN on offering financial relief to pandemic-hit companies, SBV HCM City Branch Deputy Director Nguyen Hoang Minh told a conference in the city on July 2. The event was co-organised by the SBV branch in HCM City and the municipal Department of Industry and Trade to help firms restore and expand business and production. Interest rates have been cut for loans worth over 49.97 trillion VND of nearly 17,420 borrowers and new soft loans worth of more than 270.42 trillion VND offered to over 44,600 pandemic-hit customers, he said. Close to 168,670 borrowers have had … [Read more...] about HCM City banks offer reliefs to 230,700 pandemic-hit borrowers: SBV official
- One issue related to statistics during the business survey is statistics agencies may have looked into reports which are made before or after tax agencies reach finalize tax claims. It is customary for taxmen not to consider as “valid” some types of expenses once they issue their final statements. Therefore, most enterprises initially announce negative gross profits in their reports. However, the figure would turn positive after tax claims are finalized. Therefore, enterprises are requested to pay for their corporate income taxes incurring after such settlements. This may be the simple reason why household businesses do not want to transform themselves into enterprises although the latter sound more ‘”impressive.” … [Read more...] about Vietnamese enterprises: The evidence of inefficiency