Want to be in the loop?
subscribe to
our notification
Business News
EFFORTS TO HELP LABOUR-INTENSIVE INDUSTRIES RETAIN EMPLOYEES
In the hope of recovery, businesses are making great efforts to maintain production and retain staff amid an economic slump.
Not only the labour-intensive textile industry of Việt Nam, but the entire global market is facing difficulties due to decreasing demands induced by a recession, according to Lê Tiến Trường, chairman of Vietnam National Textile and Garment Group (Vinatex).
In addition to the increasingly stringent requirements for a production price reduction, faster delivery and higher quality, brands are demanding that businesses in the supply chain follow multiple policies on sustainability, green practices, energy saving and emission limiting.
Trường told Người lao động (Labourer) newspaper: “An important solution for the textile industry today is to elevate its position in the supply chain, in order to respond to the needs of long-term, reputable partners.
“Therefore, they must retain highly qualified workers to be able to respond to demands when the market recovers.”
Member enterprises from HCM City Association of Garment, Textile, Embroidery and Knitting (AGTEX) are also seeking solutions to maintain production and keep employees on their payroll, with the aim of not having any workers laid off due to the shortage of orders.
AGTEX chairman Phạm Xuân Hồng said that nearly 70 per cent of these firms were affected due to a 20 to 30 per cent drop in orders, the majority of which are exports.
The remaining 30 per cent of these businesses still see a stable volume of orders.
Hồng said: “As of right now, AGTEX businesses are not working overtime, and they even reduce the working hours to sustain production and help provide work to its staff.
“They are also seeking smaller orders and production partnerships to ensure income for labourers.”
The average bonus for Tết (Lunar New Year) holiday for workers is 1.5 times the monthly salary. Some businesses opt to divide this payment into two parts, one paid a month before Tết and the other half a month after the holiday.
Nguyễn Ngọc Lân, general director of Nhà Bè Garment JSC, one of the larger corporations that were less affected by the economic downturn, said that his company still maintains the productive atmosphere in the factories despite shortened working hours.
Lân said: “It will help reassure workers to return after Tết, while also ensuring that the factories catch up with the production schedule right after the market recovers.
“Maintaining production will also help strengthen the confidence of major brands, giving them more peace of mind when ordering from Vietnamese businesses.”
Amid the fluctuations of the labour market before the Tết holiday, HCM City’s Department of Labour, Invalids and Social Affairs is focusing on reviewing employment demands, while also proactively working with neighbouring cities and provinces to organise job fairs prior to and after the holiday.
According to the department’s deputy director Nguyễn Văn Lâm, surveys revealed that many people wanted to stay in the city and find new jobs, while others don’t have the intention to seek employment immediately and would wait until after Tết.
Usually, after Tết is when people return to the city to seek new employment opportunities or change jobs.
Vietnam Chamber of Commerce and Industry (VCCI) said that the case where workers are laid off or have their working hours reduced at the end of the year is only taking place in several places and sectors.
However, layoffs in some labour-intensive industries such as textiles and footwear have had a negative impact on the general labour market, which has just recovered after the COVID-19 pandemic.
Vi Thị Hồng Minh, deputy director of VCCI bureau of employer activities, said that connecting unemployed people to job opportunities is only a temporary solution.
In the long term, there must be support policies for businesses to retain employees.
A VCCI survey also stated that many businesses want to keep staff on the payrolls, but the financial pressure proves to be too much for them to bear.
Therefore, governmental policies are needed for simplified procedures, diverse credit sources, and relaxed requirements for easier access to financial support in order for businesses to retain their staff.
Another suggestion is to reduce trade union fees and extend the payment period for social insurance so that enterprises have more resources to maintain their production, which also helps with staff employment.
Source: VNS
Related News
GOLDEN DEAL, KNOCK-DOWN OFFER
Are you ready for a fun-filled family vacation. Don't miss the super attractive Family Staycation package at Becamex Hotel. 2 days 1 night package with full amenities and free activities: Buffet breakfast, Swimming, tennis, bicycle, gym, sauna, cool ice cream, 300.000 VND service voucher and many other offers! Contact now for detailed advice.
"BEARY CHRISTMAS" CHARITY PROGRAM
As the Festive Season approaches, Caravelle Saigon, in collaboration with VinaCapital Foundation (VCF), is bringing a heartwarming charitable initiative to life — and we are delighted to invite all HKBAV members to take part in the very first “Beary Christmas” Charity Program. By adopting a Caravelle Bear for VND 299,000 nett, you will be directly supporting children battling cancer in Vietnam through VCF’s Can-Care/Can-Clover Program.
SOILBUILD INTERNATIONAL WINS “BEST INDUSTRIAL DEVELOPMENT” AWARD FOR SPECTRUM NGHE AN AT THE PROPERTYGURU VIETNAM PROPERTY AWARDS 2025
Soilbuild International is pleased to announce that its project, Spectrum Nghe An, has been awarded Best Industrial Development at the PropertyGuru Vietnam Property Awards 2025, held on 24th of October 2025, in Ho Chi Minh City. The PropertyGuru Vietnam Property Awards is part of the prestigious PropertyGuru Asia Property Awards series, the largest and most respected real estate awards programme in Asia.
WEBINAR: 2025 VIETNAM KEY TAX FINALISATION, UPDATES ON TAX CHANGES AND GLOBAL MINIMUM TAX
Dear Valued Client,We would like to invite you to our webinars on Friday, 12 December 2025, and Tuesday, 16 December 2025, to review and learn about key 2025 tax finalisation topics and stay ahead with the latest tax changes.
NEW ECONOMIC POLICIES EFFECTIVE THIS DECEMBER
Government Decree 304/2025, effective December 1, sets stricter conditions for seizing collateral, especially assets that are a borrower’s sole residence or essential work tools. In such cases, lenders must set aside a compensation amount equivalent to six to twelve months of minimum wage. The measure aims to improve transparency in bad debt handling and reduce credit risk in the banking system.
QUANG NINH TARGETS VND58 TRILLION IN TOURISM REVENUE
Quang Ninh Province is aiming to generate VND58 trillion in tourism revenue this year after surpassing its goal of 21 million visitors, driven by new tourism products, expanded nighttime activities, and large-scale events. As of mid-November 2025, Quang Ninh had welcomed 21.28 million visitors, up 12% year-on-year. Tourism revenue reached at least VND57 trillion, a 22.46% increase from the same period last year. With its visitor target achieved, the province is now pushing toward its revenue goal of VND58 trillion.
























