MINIMUM REGIONAL WAGE HIKE FOR 2020 SET AT 5.5%
Specifically, the minimum wage in Region 1 comprising more developed localities rose by VND240,000 to VND4.42 million per month, while that in Region 2 was hiked by VND210,000. The lowest wages in Regions 3 and 4 picked up by VND180,000 and VND150,000, respectively, according to Nguoi Lao Dong newspaper.
VN APPAREL INDUSTRY SUFFERS DUE TO LACK OF COMPETITIVE DYEING, FABRIC SEGMENTS
Nguyễn Văn Tuấn, chairman of the Việt Nam Cotton and Spinning Association, told Thời Báo Kinh Doanh (Business Times) newspaper that while the yarn and apparel segments had grown strongly, others like dyeing were poorly developed, causing a bottleneck.
VN TO BOOST PROFESSIONAL REAL ESTATE BROKERS
Real estate brokerage plays an important role in the circulation of real estate products. The sustainable development of the property market depends on a variety of factors such as legal policy, management of authorities, operations of the businesses, as well as professionalism of brokerage teams.
VIETNAMESE AMBASSADOR TO JAPAN SUPPORTS BAMBOO AIRWAYS' EXPANSION EFFORTS
This stable and substantive relationship is built from many positive factors, including a favourable political foundation, the Vietnamese Government’s support for bilateral trade and the special connection between the two countries’ peoples, shown by the up to 1.2 million visitors travelling between the two countries every year.
GLOBAL GARMENT FIRMS NO LONGER BULLISH ON VIETNAM AS COSTS RISE
"More and more companies come to Vietnam ... In the foreseeable future, we do foresee a shortage of labour and even fierce competition for hiring staff there," Makalot chairman and CEO Frank Chou told Nikkei Asian Review, adding the company would now focus on Indonesia, which he expects to become its most significant production base in three to five years.
SIX LAWS TAKE EFFECT SINCE JULY
A series of new laws on anti-corruption, university education, public security, coast guard, amnesty, and competition shall come into effect since July, 2019.
VIETNAM CUTS IM-EXPORT TARIFFS UNDER CPTPP PACT
Prime Minister Nguyen Xuan Phuc has signed a decree enacting two Schedules on preferential export/import rates, which brings provisions of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) into force.
UNLISTED PUBLIC COMPANY MARKET PROMISES INVESTORS BETTER PERFORMANCE
The improvement of the legal framework has been a boost to the market's performance. In the first six years of operation, there were only 169 companies on UPCoM with average daily trading value of VND15 billion (US$544,300).
