Business News

[19-05-2015] Thousands of logistics entrepreneurs are struggling with a serious shortage of employees since a rapid increase of services demands, the Viet Nam Logistics Institute (VNLI) has said. About 300,000 business entrepreneurs are involved in logistics services, providing jobs for nearly 1.5 million labourers across the country, of whom 40 per cent are from HCM City.

[10-04-2015] Foreign nationals working in Viet Nam can avail of several insurance schemes, in which the participation of the enterprises they work for has been made mandatory. Mandatory social insurance embodies plans for sickness, maternity, labour accidents, occupational disease, pension and survivorship allowance.

[02-04-2015] Workers will receive a one-off social insurance payment after they quit their last jobs if the National Assembly approves an amendment to Article 60 of the 2014 Social Security Law. Minister and Head of Government Office Nguyen Van Nen said at a press conference on Wednesday that the Government agreed with the change proposed by the Ministry of Labour, Invalids and Social Affairs.

[17-03-2015] Vietnamese firms have reported that finding qualified employees to fill critical positions is one of their biggest challenges and it is impeding both growth and the attraction of foreign investment. They have also reported that the nation has a work/skill gap, which is contributing to the problem and making it difficult to find and match the right candidate with the right job.

[11-03-2015] Recently, the Vietnam Chamber of Commerce and Industry (VCCI), in collaboration with the International Labour Office (ILO) in Vietnam, held the launching ceremony of VCCI Annual Report on the Labour Market Project in Hanoi. Making opening remarks, Dr Vu Tien Loc, VCCI President said: "Labour is playing an increasingly important role in the development of enterprises and the economy.

[28-02-2015] Foreign employees can reside in Viet Nam either temporarily or permanently, depending on certain conditions.

[26-02-2015] The Government has issued a Decree on increasing salaries for civil and public servants, officials working at the armed forces and employees of socio-political organizations with a salary grade at or below 2.34. Accordingly, these subjects will enjoy an 8% added to their monthly wage since January 1, 2015. The additional wage would be calculated using the formula: salary grade x minimum wage (1,150,000 VND) x 8%.

[20-01-2015] The 2012 Labor Code which took effect on July 1, 2013 remains confusing to many businesses due to unclear language. Ho Xuan Dung, deputy general director of Windsor, said the regulations on calculating wages for laborers who work overtime are unclear.