Labour policies 2019

Participants at the dialogue (Photo: VNA) Hanoi (VNA) - The 16th Vietnam-US labour dialogue took place in Hanoi on November 16, gathering representatives from the Vietnamese Ministry of Labour, Invalids and Social Affairs (MoLISA), the US Department of Labour, and the US Embassy in Vietnam. This marked the resumption of the annual labour dialogue between the two countries after being suspended since 2017. Addressing the event, MoLISA Deputy Minister Le Van Thanh said the dialogue’s resumption after years of hiatus has helped the two sides share information about labour as well as labour cooperation and propose solutions to promoting labour-employment and social security cooperation . Appreciating the technical and financial support with the US Department of Labour, Thanh said these activities have contributed to helping Vietnam to better its system of labour and social policies. It has also helped improve the effectiveness of their implementation, as well as … [Read more...] about Vietnam, US look to expand labour cooperation

A view of Hanoi. On Hanoi's serviced apartment market, occupancy of 81% rose by 12 percentage points year on year. (Photo baoxaydung) Hanoi (VNS/VNA) – Hanoi ’s real estate market in the fourth quarter of 2022 saw a better performance in the serviced apartment segment than in apartments sales, according to the Savills’ report on the Hanoi property market released on January 10. On the serviced apartment market, occupancy of 81% rose by four percentage points quarter on quarter and 12 percentage points year on year. That has nearly reached the pre-COVID (or the quarter of 2019) figure at 82%. Rent of 575,000 VND per sq.m per month increased by 1% quarter on quarter and 6% year on year. Grade A charged the most at 735,000 VND per sq.m per month. According to the report, Hanoi had no new supply of serviced apartments in the fourth quarter of 2022, while the stock of 5,935 units from 63 projects was stable quarter on quarter but increased by 4% year on year. In 2022, … [Read more...] about Hanoi sees strong recovery in serviced apartment market in Q4/2022

Containers at Sai Gon New Port, a major port of Viet Nam. — VNA/VNS Photo Hong Dat New-generation free trade agreements (FTAs) continue to be a silver lining in Viet Nam's trade growth targeting US$1 trillion in import-export revenue by 2025. The country's trade surpassed the milestone of $700 billion in value to hit $73.5 billion in 2022, a rise of 9.5 per cent against the same period of the previous year, according to the updates of the General Statistics Office. Of the figure, exports rose by 10.6 per cent, while imports by 8.4 per cent. With a trade surplus of nearly $11 billion this year, Viet Nam registered a trade surplus for seven years in a row which contributed significantly to the balance of payments, improving foreign exchange reserves, stabilising exchange rates and other macroeconomic indicators, Deputy Minister of Industry and Trade Tran Quoc Khanh said. Thirty-nine products joined the club of over a billion US dollars in export revenue, nine of which had … [Read more...] about FTAs a silver lining for economic growth

What were the most outstanding points about Vietnam’s foreign investment capital attraction in 2022? Phan Huu Thang, former director-general of the Foreign Investment Agency under the Ministry of Planning and Investment The statistics were published widely and the spotlight was the record of disbursed capital, but there were many other highlights. The first thing is the government’s drastic and flexible enforcement of resolutions and policies to create an equitable, unrestricted funding environment, simultaneously supporting the foreign-invested enterprise (FIE) community to overcome difficulties caused by the pandemic and political conflicts. The task force followed closely the enterprises’ difficulties to have solutions on time. Besides that, it is necessary to mention the domestic enterprises’ initiative and effort to overcome an infinity of challenges, such as lending rate hikes and the fluctuation of the global market, especially the frozen export markets in … [Read more...] about The vital mission to ramp up foreign capital attraction