The Hanoitimes – The base wage is the reference for calculating salaries of employees in the state-run sector by multiplying with their corresponding coefficient. The Vietnamese National Assembly (NA) on November 12 approved a government proposal to raise wages for civil servants by 7.3% from July 1, 2020, local media reported. Accordingly, the monthly base wages […]
Read MoreThe Hanoitimes – The FDI sector posted exports of US$149.83 billion in the January – October period, up 4.8% or US$6.93 billion year-on-year, accounting for 68.5% of Vietnam’s exports. Vietnam recorded a trade surplus of US$1.86 billion in October, leading to a surplus of US$9.01 billion in the first 10 months of 2019, up 23% year-on-year, […]
Read MoreThe Hanoitimes – Energy demand will rise strongly in Vietnam as the country needs power to run its fast-growing economy. Vietnam is estimated to need up to 40.1 billion cubic meters (bcm) of imported natural gas by 2035, 40 times the current demand, according to estimates by PetroVietnam Gas Joint Stock Corporation (PV Gas), the largest […]
Read MoreThe Hanoitimes – In Vietnam, 11 Business Associations have officially signed the Business Integrity Pledge to uphold the core values of integrity, ethical behavior, and accountability. Business Associations are expected to be an active partner to vigorously urge the movement of business integrity in the sectors that they represent, according to Vu Tien Loc, chairman of […]
Read MoreThe Hanoitimes – Renewable energy has emerged as one of the most preferred sectors for investment in Vietnam, coming third behind fintech and education. Despite a recent development of renewable energy, Vietnam still needs assistance and aid from its foreign partners in the transition to the clean power resource, officials said. According to Do Duc Quan, […]
Read MoreThe committee also suggested a revision of regulation on expats in the Labor Code, including the required amount of capital contribution in local enterprise so that foreigners are waived of working permit; regulations stipulating a working permit is required for issuance of professional certificate or certificate in certain fields such as treatment, education, construction, tourism, […]
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