John Goddard, Head of HSBC Expat The start of a new year is a natural time for many of us to think about making changes to our lives, and this is especially true when it comes to work. I have been lucky enough to have the opportunity to work abroad several times. This has meant I have experienced work around the world and have seen first-hand how a move abroad can rejuvenate and refresh a career. Not only does this encourage you to become more adaptable and agile, it can teach you a lot – professionally and personally. To understand what makes professionals tick when it comes to working abroad, we conducted fresh analysis of our Expat Explorer survey, combing through insights from more than 22,000 expats to identify the best destinations for expat careers in 2019. 1. Germany, work to live not live to work Renowned for efficiency and productivity, Germany tops the Expat Explorer career rankings this year, going one better than in 2017 and 2016. Expats ranked Germany as having … [Read more...] about A new job for January? The best places in the world to work
10 increase in salary
Workforce forecast to increase in third quarter
Illustrative image (Source: VNA) Hanoi (VNA) – It is forecast that Vietnam’s total workforce will near 54.26 million people in the third quarter of this year, up 0.44 percent from the previous quarter and 0.91 percent annually. Several sectors need more workers, including beverages, weaving, printing, rubber, plastics and water drainage. Fewer labourers will be seen in agro-forestry-fisheries, crude oil and natural fuel, mining, automobiles and furniture manufacturing. During a seminar on the Vietnamese labour market held by the Ministry of Labour, Invalids and Social Affairs (MoLISA) on September 18, Director of the MoLISA’s Institute of Labour and Social Affairs Dao Quang Vinh said in the second quarter, there were more than 54 million employees, up some 1 percent year-on-year. The biggest decrease in employment was seen in agro-forestry-fisheries with nearly 180,000 jobs gone, followed by manufacturing and processing, financial-banking, administrative … [Read more...] about Workforce forecast to increase in third quarter
Deputy PM clarifies retirement age increase, salary reform
Deputy Prime Minister Vuong Dinh Hue (Source: VNA) Hanoi (VNA) – Economic growth and job creation must be taken into consideration when it comes to adjusting retirement age, Deputy Prime Minister Vuong Dinh Hue told lawmakers during a question-and-answer session on June 6 as part of the 14th National Assembly’s ongoing fifth session in Hanoi. Other factors include characteristics of each sector, population aging, gender equality and gap in retirement age between men and women. He also noted that a retirement age adjustment is linked to ensuring long-term balance of the Social Insurance Fund. Under the resolution adopted by the Party Central Committee at its recent plenary meeting, retirement age will be adjusted from 2021 in a cautious way under a roadmap. Depending on each special sector, retirement age could be lengthened or cut by five years. Hue added the legislature will discuss thoroughly before deciding on the issue. As regards salary reform for … [Read more...] about Deputy PM clarifies retirement age increase, salary reform
Deputy PM: CPI growth could be kept below 4 percent in 2018
Deputy PM Vuong Dinh Hue speaks at the working session (Source: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue has urged the Government’s Steering Committee for Price Management to seek measures in order to minimize external impacts on domestic prices, thus keeping CPI growth below 4 percent in 2018. Speaking at a meeting of the committee in Hanoi on May 29, Deputy PM Hue, who is also head of the committee, said the consumer price index (CPI) growth in the first four month of this year was in line with the scenario set by the committee thanks to coordination in price management between ministries. However, he said, over the past two months, higher prices of oil, gas, pork and food, plus complex developments in the world’s market have put huge pressure on the price management work. Nguyen Anh Tuan, Director of the Finance Ministry’s Price Management Department, the CPI expanded by 3.01 percent in the first five months of 2018. The ministry … [Read more...] about Deputy PM: CPI growth could be kept below 4 percent in 2018
Civil servants’ base salary to increase in July
(photo for illustration) According to Decree 72/2018/ND-CP recently issued by the Government, the new basic salary will be applied for those working in agencies, organizations and non-production units of the Party and the State, State-funded political-social organizations and associations, along with the armed forces. The basic salary is used as the basis for calculating salary, allowances and other payments for the groups. It will also be applied for calculating operating and living allowances and other deductions and entitlements. Ministries, Government and central agencies were requested to save money, rearrange their organizations, streamline personnel and seek more sources of revenue to pay for the salary rise. Under the decree, centrally-run cities and provinces will use the regulated 10-percent saving from the regular spending, 50 percent of the extra local budget collection compared to estimates for 2017 and the remaining funding for salary reform of 2017. Decree … [Read more...] about Civil servants’ base salary to increase in July