High level to low level

According to the results of a recent salary survey conducted by Navigos, nearly 27% of respondents said salaries of middle- and senior-level employees will rise by from 5% to less than 10%, more than 23% said salaries will remain unchanged, more than 15% said salaries will increase by less than 5%, and nearly 12% said they will rise by 10% to 15%. Global Salary Survey 2023 conducted by Robert Walters in 31 countries, including Vietnam, said 88% of companies are willing to increase salaries by 15-25% this year. For employees in some sectors like the digital industry, salary hikes could be as high as 35% during the year. According to Navigos, many businesses are still in the post-pandemic recovery phase, and so have not been able to sharply increase salaries for their employees. However, over 50% of the surveyed firms said they will improve policies on salary, bonuses, allowances, and other benefits such as flexible working hours, educational opportunities, promotions, and … [Read more...] about Salaries of mid- and senior-level employees to rise by 5-25%

The Ho Chi Minh Communist Youth Union, the largest organization of young people in Vietnam, will plant 20 million trees this year, said first secretary of the Central Committee of the union Bui Quang Huy. The Central Committee of the Ho Chi Minh Communist Youth Union on Saturday cooperated with the Party Committee and the People’s Committee of Hoa Binh Province in northern Vietnam to launch the Tet tree planting movement. At the launching ceremony, Huy informed that young people nationwide would plant 1.9 million trees on the day. In Hoa Binh alone, young people planted 30,000 trees. This is the first step to realize the target of planting 100 million trees in 2022 – 27, heading toward the prime minister’s plan to cultivate 100 million trees. Huy also asked each young person to plant, take care of, and protect at least a tree in their workplaces, schools, and residences. He required the Ho Chi Minh Communist Youth Union at all levels to come up with solutions to apply … [Read more...] about Vietnam’s youth union to plant 20mn trees in 2023

Remittances contributed by migrants account for 5% of Vietnam’s gross domestic product (GDP). International migration and internal migration in Vietnam have long played a very important role in the country’s socioeconomic development and they will continue to do so. Park Mihyung, Chief of Mission of the International Organization for Migration (IOM) Vietnam, shared that view with The Hanoi Times . Park Mihyung, Chief of Mission of the International Organization for Migration (IOM) Vietnam. Photos: IOM Vietnam “If you look at the GDP, up to 5% of the country’s GDP comes from remittances contributed by international migration and that’s only recorded remittances, so it should be a lot more,” she said. For that reason, when the migration governance is done right and well, there’s a lot of positive development and contributions to Vietnam when they return and with their remittances, Park added. In addition, there’s also a recognition that … [Read more...] about Migration significant to Vietnam’s socio-economic development: IOM

South Korea was the largest petroleum supplier of Vietnam, with 3.22 million tons, up 96% year on year. Vietnam imported nearly 8.9 million tons of oil and petroleum products in 2022 worth $9 billion, nearly double that of the previous year, according to the General Department of Vietnam Customs (GDVC). Locals buying petrol products at a gas station in Hanoi. File photo In December 2022, the country imported nearly 950,000 tons of oil and petrol products worth $823 million, up 22% in quantity and 11% in value against November. Diesel made up a lion’s share of the imported volume with 4.74 million tons, accounting for 54% of the country's imported petroleum in 2022. In 2022, the country consumed 1.7 million tons of gasoline, 2.3 times more than in 2021; and 1.46 million tons of jet fuel, representing 2.2 times on-year, and 16% of imported oil. South Korea was the largest petroleum supplier of Vietnam, with 3.22 million tons, up more than 96% year on year; … [Read more...] about Vietnam spends US$9 billion on oil imports in 2022

Commerce Minister of Thailand Jurin Laksanawisit made the statement following a meeting in Brussels with the E.U. Trade Commissioner Valdis Dombrovskis. Dombrovskis wrote on Twitter that both sides want a comprehensive, high-quality agreement, with ambitious and sustainable provisions. The E.U. is now Thailand's fifth largest trade partner, behind ASEAN, China, the U.S. and Japan. Two-way trade hit 41 billion USD last year, of which, Thailand’s exports to the E.U. totaled 22.8 billion USD, mostly computers, equipment and spare parts; gemstones and jewelries, air conditioners and components, rubber products and electronic circuit boards. Thailand currently has 14 FTAs with 18 countries, including the Regional Comprehensive Economic Partnership (RCEP) that came into effect early last year. On December 15, 2022, the two sides signed the Thailand-E.U. Partnership and Cooperation Agreement (PCA) to promote bilateral cooperation. Source: VNA … [Read more...] about Thailand, E.U. to resume FTA talks in March

A screenshot of the Clay Matthematics Institute announcing its new research fellows Paul Minter (L) and Pham Tuan Huy. Pham Tuan Huy was awarded the Clay Research Fellowship along with Paul Minter, the Clay Mathematics Institute announced Friday. Huy would become a Clay Research Fellow for five years starting July 1, the institute said on its website. Those awarded with the fellowship would be provided with salary and research expenses. Huy has become the second Vietnamese to be honored by the institute. Vietnamese-French mathematician Ngo Bao Chau and Gérard Laumon received the 2004 Clay Research Award for their proof of the Fundamental Lemma for unitary groups. Huy, born 1996, will receive his PhD from Stanford University this year. He has published 28 articles on numerous journals on mathematics. He was an alumnus from the VNU-HCM High School for the Gifted, and won gold medals twice at the International Mathematical Olympiad in 2013 and 2014. The Clay Mathematics … [Read more...] about Vietnamese mathematician receives Clay research fellowship

Of particular note is a collection of more than 2,000 unique works from lacquer artist Nguyen Tan Phat , with each sculpture and lacquer creation having its own colour and cultural story. Phat began the collection nearly 2 years ago. There is no template, with each work a unique version with its own colour and charisma and inspired by daily life and folklore. In his talented hands, Phat breathes life into each statue by combining jackfruit wood and laterite with traditional lacquer art. These works are not only a bridge linking folklore and contemporary culture but also have high applicability. This unique cat statuette can be a display product or a flower vase, a tea table, or a lamp./. VNA … [Read more...] about Vietnamese artist marks Lunar New Year with thousands of carved cats ​