Breakfast @ Tuoitrenews – May 18

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Báo Tuổi Trẻ English 2 day(s) ago

Breakfast @ Tuoitrenews – May 18

Below are some of the main stories published today, May 18, in the Vietnamese press.

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Transition of unsold properties to social housing under consideration

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Báo Tuổi Trẻ English 7 month(s) ago 2 related news

Transition of unsold properties to social housing under consideration

The transition of unsold properties to social housing projects will be put into consideration, said a senior state official.

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Vietnamese labor force is cheap or expensive?

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VietnamNet English 1 week(s) ago

Vietnamese labor force is cheap or expensive?

VietNamNet Bridge – The Richest has put Vietnam into the list of the five markets with the cheapest labor cost in the world with $0.39 per hour. However, the actual labor cost could be higher.

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More businesses will die if they’re forced to raise workers’ wages

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VietnamNet English 1 week(s) ago

More businesses will die if they’re forced to raise workers’ wages

VietNamNet Bridge – Businesses have voiced their concern over the implementation of the new wage policy. Some of them said they would cut down the labor force to cut down expenses.

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This year's pay rise in doubt

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VietNam News English 1 week(s) ago

The downturn may force the Government to delay an increase in the minimum wage. Economist Nguyen Minh Phong spoke with the newspaper Dat Viet about the plan.

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VPBank offers cut rate loans for personal customers

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Nhân dân English 2 week(s) ago

VPBank offers cut rate loans for personal customers

Nhan Dan Online – The Vietnam Prosperity Bank (VPBank) has announced it will provide low interest personal loans with an annual rate of 6% for customers from now until the end of June.

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Amended Labour Code takes effect

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VietNam News English 2 week(s) ago

The amended Labour Code, which goes into effect this month, permits employees to take a six-month maternity leave but leaves the minimum wage unchanged.

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Enterprises seek funds to bid for gold

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SaigonTimes English 2 week(s) ago 1 related news

Enterprises seek funds to bid for gold

HCMC – The Vietnam Gold Business Association has written to the State Bank of Vietnam (SBV), proposing loans for enterprises to buy gold via auctions.

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Ministry proposes minimum wage increase delay

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Báo Dân Trí English 2 week(s) ago

Ministry proposes minimum wage increase delay

The Ministry of Labour, Invalids and Social Affairs has recommended the government delay an increase in the minimum wage.

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Vietnam seeks to put off switch to living wage

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Báo Thanh Niên English 1 month(s) ago

The labor ministry is considering delaying a push for a living wage, news website VnExpress has reported.

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Is Vietnamese labor cost high or low?

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VietnamNet English 3 week(s) ago

Is Vietnamese labor cost high or low?

VietNamNet Bridge – Office workers, unskilled laborers and state employees all complain that their salaries are so modest and cannot cover their basic needs.

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Airlines get new rules on capital

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Hanoi Times English 3 week(s) ago 1 related news

The Hanoitimes - A minimum of VND300 billion ($14.4 million) is required to set up a commercial airline, following a recent Government decision.

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Vietnam’s minimum wage leaves its workers impoverished

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Báo Thanh Niên English 1 month(s) ago

Vietnam’s minimum wage leaves its workers impoverished

Workers from Long An Province wait to be taken to nearby Ho Chi Minh City. Factories are recruiting new workers as many employees are quitting due to the long hours and low pay. Photo courtesy of Tuoi Tre

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Wage reform is delayed, why?

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VietnamNet English 3 week(s) ago

Wage reform is delayed, why?

VietNamNet Bridge - After several times of delays, the salary reform scheme of the Government cannot be submitted to the upcoming Central Party Conference again. Talking to VietNamNet Bridge about the cause of this delay, vice chairman of the Committee on Social Affairs of the National Assembly – Mr. Bui Sy Loi – explained that wage reform must be synchronized with other reforms.

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Workers’ minimal pay lagging far behind demands

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Báo Tuổi Trẻ English 1 month(s) ago

Workers’ minimal pay lagging far behind demands

Workers’ minimum salaries, which have been applied since Jan this year, meet only around 50% of their minimum living levels, according to a survey by the Vietnam Labor Federation reported at an Apr 12 workshop.

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