Labor

In a report on enhancing enterprise competitiveness and enhancing small and medium-sized enterprise (SME) linkages, it says Vietnam’s labor costs are higher than in comparable Southeast Asian peers. It defines labor costs for each firm as the cost of all payments to all workers divided by the ...

The retirement age for male and female workers could increase from 60 and 55 at present to 62 and 60 respectively from 2021, according to the Ministry of Labour, Invalids and Social Affairs (MOLISA).Keep reading ...

Farmers and workers in the informal sector are often reluctant to buy voluntary social insurance because they do not understand its benefits and lack knowledge about the programme.[]As of the end of last year, the country had 221,000 holders of voluntary social insurance cards.Keep reading ...

Decreasees in labour productivity have deterred Vietnam’s economic growth, especially during 2003-2013. Improving labour productivity is now critical to boost the country’s GDP and helps Vietnam to become an industrialised and upper-middle income nation in the near future.Keep reading ...

Despite being a middle-income country, Vietnam’s labor productivity last year was equal to more than half of that of lower-middle-income economies and only 18.3% of that of upper-middle-income ones, said Nguyen Duc Thanh, director of the Vietnam Center for Economic and Policy Research.Keep reading ...

As the country’s population is growing and Industry 4.0 tends to deprive manual labourers of employment opportunities, Vietnam is under great pressure to generate sufficient employment for its young labourers.Keep reading ...

Senior officials from Cambodia, Laos, Myanmar, Thailand and Vietnam (CLMTV) convened their fourth meeting on labour cooperation in Hanoi on August 20, discussing social insurance connection for migrant workers in countries involved.At the conference, participants were updated about the latest information on migrant workers’ affairs ...

Employees could work up to 400 hours of overtime per year compared to the current 200 hours under the revised Labour Code which will be submitted to the National Assembly next year.Keep reading ...

All members of the National Wage Council today, August 13, finalized a 5.3% minimum regional wage hike for 2019, at an average of VND175,000, following three meetings to discuss the matter.Keep reading ...

Prime Minister Nguyen Xuan Phuc has told the competent agencies and localities to intensify their efforts to protect children from violence and abuse. []In addition, some 2,000 children die of drowning and 2,000 others are killed in traffic accidents each year.Keep reading ...