Want to be in the loop?
subscribe to
our notification
Business News
LABOUR MINISTRY SEEKS ENTRY FOR 8,500 FOREIGN EXPERTS
The Ministry of Labour, Invalids and Social Affairs wants the Government to lift a ban and allow on a priority basis for 8,459 highly skilled foreign workers – out of the thousands who have been kept out – to enter Việt Nam since it has been difficult to find replacements for them.
According to a report it sent to the Prime Minister on Monday, the ministry said some 68,500 foreign nationals are licenced to work in Việt Nam, mostly from South Korea (23,581) and China (15,310).
Most of them, mainly professionals or highly skilled workers at enterprises, have not been able to return to Việt Nam after the Tết (Lunar New Year) holidays in late January due to movement restrictions due to concerns over the spread of COVID-19, which has caused a great deal of difficulties for those businesses, the ministry said.
They were told to find replacements for them, but most said it takes a long time to find people for such positions since it requires outstanding professional qualifications, management experience and foreign language skills and not many Vietnamese can meet those requirements right away, it said.
If the shortage of highly skilled workers continues, it would greatly affect the operations of the companies and affect the progress of many key national projects, it warned.
Local administrations and foreign diplomatic missions have asked to prioritise entry for 8,459 foreign workers, mostly from China and South Korea, according to the ministry.
They include some 2,000 employees of national key projects that use new technologies, including the China-funded Cát Linh–Hà Đông urban rail project in Hà Nội, which requires around 100 Chinese experts or the Vĩnh Tân 1 Thermal Power Plant project, with 76 Chinese experts needed; LG Display plant in Hải Phòng (200 South Korean engineers); Samsung Display Vietnam Co., Ltd. in Bắc Ninh (700); Samsung Electro-Mechanics Vietnam Co., Ltd. and its partner company in Thái Nguyên (150); and Texhong Co., Ltd. (77).
The proposal comes amid a range of stringent social distancing measures ordered country-wide by the Government from April 1 to contain the COVID-19 pandemic, which has shown no signs of stopping.
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.