Business News

The e-commerce market has experienced rapid growth, leading to a surge in demand for highly skilled talent. The country’s e-commerce market surpassed US$25 billion last year, growing by 22 per cent year-on-year, and now accounts for approximately nine per cent of total retail sales in goods and consumer services.

Việt Nam needs investment in research and development (R&D) and a high-quality workforce on the journey of technological development and increasing competitiveness. Việt Nam ranks 44th among the 133 economies featured in the Global Innovation Index 2024, published by the World Intellectual Property Organisation (WIPO), an encouraging two-place rise from the previous year.

Việt Nam’s labour market has made significant strides, growing in scale and quality as it embraces modernisation, sustainability and deeper global integration, driven by proactive government policies. Through targeted measures, including more job-matching programmes, employment fairs and job creation loans, the Government has effectively connected provinces rich in human resources with key economic hubs.

The global automotive industry is undergoing a major transformation, driven by new technologies, shifting consumer preferences and growing environmental concerns. The rise of electric and self-driving vehicles is creating a demand for new skills and expertise in the automotive workforce. Meanwhile, software and electronics companies have already achieved success with many projects in the automotive sector.

MPI Deputy Minister Nguyen Thi Bich Ngoc said that the building of the project is crucial, especially in the current period. She said that the ministry has collected opinions from ministries, sectors, localities, research institutes, and universities while listening to ideas from domestic and foreign experts.

The National Wage Council has submitted a proposal to the Government for raising the regional minimum wage as from July 1.
According to the proposal, the regional minimum wage would rise by 6%, or by between VND200,000 and VND280,000 per month.

Thành Công Textile Garment Investment Trading JSC has been trying to hire workers to expand its production, but is struggling to do it since its salaries and bonuses are not considered high enough.

Decree 38/2022/ND-CP on the regional salary increase, signed by on Sunday, June 12, Deputy Prime Minister Pham Binh Minh applies to workers who signed labor contracts as per the Labor Code, and employers such as businesses operating under the Enterprise Law, organizations, cooperatives, business households and individuals.