Want to be in the loop?
subscribe to
our notification
Business News
GOVT AGREES WITH WORKERS ON AMENDMENT TO SOCIAL INSURANCE
He said that it would put the proposal on the National Assembly agenda meeting next month.
Under the Social Security Law, which takes effect next year, labourers cannot receive one-off social-insurance payments until they retire after quitting their last jobs.
Payments are only made at retirement age, which is 60 years for males and 55 for women.
Deputy Minister of Labour, Invalids and Social Affairs Doan Mau Diep said the new law was meant to help workers have a monthly income after retirement.
It would also encourage them to keep on paying social insurance payments until they retire.
Last Thursday, workers at Taiwanese Pou Yuen Company Ltd in HCM City's Binh Tan District - a leather and footwear company - went on strike to show their disagreement with the new regulation.
Ministerial representatives, including the deputy minister Diep met with the labourers early this week to listen their concerns and explain the law.
More than 70,000 Pou Yuen workers resumed work yesterday as soon as seeing response from Government.
Source: VNS
Related News
DIGITAL TRANSFORMATION IN LOGISTICS – A KEY TO UNLOCKING SUSTAINABLE E-COMMERCE AND ECONOMIC DEVELOPMENT
Accelerating digital transformation in logistics is critical in order to promote the sustainable development of e-commerce, a conference on applying technology held by the Ministry of Industry and Trade heard on Thursday, as well as accelerating overall economic growth.
SOILBUILD EXTENDS ITS HORIZONS INTO VIETNAM INDUSTRIAL REAL ESTATE
Soilbuild Group, an integrated real estate group, has broadened its investment in industrial real estate to Vietnam through its Soilbuild International division. The official launch of Soilbuild International (Vietnam) took place in Hanoi on May 9th, 2024, and was attended by esteemed guests, including domestic and international partners.
SEMINAR: BUSINESS SPOTLIGHT - THE HONG KONG-INSPIRED PRESENCE NESTLED IN THE HEART OF HANOI'S EAST
16h00 - 18h00, Wednesday (May 22nd, 2024)Almaz Convention Center - Hanoi (GG map: https://maps.app.goo.gl/YtWyGgkiTwWvFnfX6)
VIETNAM SECURES REMARKABLE ECONOMIC SUCCESSES SINCE NATIONAL REUNIFICATION
Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world. Back to 1975, Vietnam, torn by two major wars, was a backward economy dependent on agriculture and foreign assistance. Foreign loans and aid accounted for over 63 percent of its budget.
350 EXHIBITORS TO TAKE PART IN HCM CITY PAPER, COATINGS, RUBBER, PLASTIC EXPOS
They will have a total display area of 10,000sq.m, 30 per cent more than last year, and the participation of over 350 local and international exhibitors who will showcase thousands of products and technologies.
INT’L INVESTORS EYE VIETNAM’S DATA CENTER MARKET – REPORT
Vietnam’s data center market is increasingly attractive to foreign investors, driven by the country’s expanding digital economy, rising data consumption, and supportive government policies, said a new report by JLL. While Vietnam’s data center sector has traditionally been dominated by local telecommunications companies, global players are now entering the market.