Money

As of Monday morning, over 700 residents of Hoc Mon District had contacted authorities to return the Covid-19 support money they got during the third round of distribution. They were found to have employed numerous tricks to receive the money several times. Some falsely declared certain information, taking advantage of the fact that people aged 14 and under have yet to have personal IDs, to collect support money many times over, or used their husbands and wives' address to sign up for Covid-19 support. Le Thuy My Chau, deputy chairwoman of the Hoc Mon People’s Committee, said besides the many who have voluntarily contacted authorities to return the money, others have remained silent. Authorities are still trying to persuade people to return their falsely claimed support money voluntarily by October 27. After this date, the issue would be dealt with in accordance with the law. In District 11, around 6,000 recipients did not belong to the categories eligible to get Covid-19 support …

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Passenger buses at Giáp Bát station in Hà Nội. The transport companies are planning to operate at their maximum capacity to compensate for the sales lost in the last three months. — VNA/VNS Photo Hoàng Hiếu By Mai Hương HÀ NỘI — As the COVID-19 pandemic has seriously impacted the implementation of Việt Nam’s economic development plans, the National Assembly (NA) and Government have been proactively and urgently deploying stimulus packages to quickly restore the economy and leverage growth. The latest Resolution 406/NQ-UBTVQH15, issued by the National Assembly on October 19, is regarded as a correct and timely policy, and was well received by enterprises. The Resolution offers support for enterprises and individuals affected by COVID-19 through tax reductions with a total value of up to VNĐ21.3 trillion (US$926 million). The beneficiaries will enjoy direct tax reductions which is considered more practical than the extension of tax payments in previous support packages. …

[Read more...] about New financial support package to create new momentum for business recovery

Foreign remittances to HCM City in the first nine months of the year increased by 22 per cent. – Photo vietnamplus.vn HCM CITY – Foreign remittances to HCM City in the first nine months of the year were worth US$5.1 billion, a 22 per cent increase year-on-year. Nguyễn Hoàng Minh, deputy director of the State Bank of Việt Nam’s HCM City branch, said the growth rate is impressive considering the impact of COVID-19 on the global economy. Overseas Vietnamese have faced difficulties travelling abroad or back to Việt Nam for the past two years due to the pandemic, and so “they might be having more savings than before,” he suggested. Most of the remittances was money sent back by overseas Vietnamese to their families to help them get through the pandemic or to invest in business activities, he said. The main sources remained the US, Australia, Canada, and Europe, he said. Total remittances this year could increase by 12 per cent from last year’s $6.1 billion, he said. …

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Useful measures in seafood fishing help fishermen in Hoai Nhon Town increase their output. (Photo: SGGP) Equipment upgrades have obviously saved much time and effort of Vietnamese fishermen while helping them earn more money. “In addition to modern tools, we go in groups of 5-15 ships. When an ideal fishing spot is identified, small ships anchor there to operate for 2 months while larger fishing vessels bring products to the mainland, then take essential commodities back to the fishing site. This method can increase 50 percent of the performance and reduce unnecessary ship movement, thus minimizing violation of international laws”, explained Mr. Vang. Modern fishing ships are also installed with radar equipment, locator machine, fish detector machine to rise the fishing capacity by over 50 percent and decrease fuel consumption by 25 percent, informed Chairman of Tinh Ky Commune Fisheries Union Phan Huu Nhat (in Quang Ngai Province). This commune has also been remarkably …

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HDBank has been consistently strong for years in employee supportompany to work for Notably, HDBank was the only winner in the banking sector to make the list for the fourth year in a row. The awards were based on the responses of about 30,000 employees in over 580 companies across several industries to HR Asia’s exclusive Total Engagement Assessment Model survey to measure their satisfaction with the workplace environment. The survey leveraged the three criteria of collective organisation for real engagement; emotional engagement, intention, motivation, advocacy, and behaviour; and collective consciousness, workplace sentiment, and team dynamics. According to HR Asia, HDBank has an outstanding human resources (HR) policy and attractive remuneration packages, and regularly organises “exciting” internal activities to increase employee engagement. HR Asia highly appreciated businesses’ flexibility when confronting vulnerabilities amid the pandemic, when social …

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Darby had a brief stint in charge of the Vietnamese national women's team. — Photo laodong.vn Peter Cowan That Roy Hodgson is revered in Sweden rather than his home country says a lot more about England than it does the coach or the Scandinavian country. If it didn’t happen in the English top flight after 1992, it’s not worth knowing about for fans and pundits alike, whether you revolutionised the professional game in another country or not. If Roy Hodgson must suffer the indignity of being remembered for his struggles with a limited England team rather than his many successes overseas, what chance does Steve Darby have of some well-deserved recognition in Blighty? Not that the Liverpudlian is desperate for acknowledgement in his home country, at least judging by his recently released biography. The Itinerant Coach – the Footballing Life and Times of Steve Darby was written by Antony Sutton of the Jakarta Casual blog fame and tells the story of Darby’s career as a player …

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Dumpling production in Cầu Tre Foods JSC's factory in HCM City. The city's food companies need preferential loans to produce and store goods in preparation for the upcoming holidays. — VNA/VNS Photo Thanh Vũ HÀ NỘI — Food companies in HCM City are feeling the pressure of the upcoming holiday season, after months of COVID-19 restrictions. Many have requested the State Bank of Việt Nam (SBV) put them on the list of businesses eligible for preferential loans, to help them prepare for Christmas and Tết holidays. Lý Kim Chi, President of the Food Association of HCM City, said that many businesses are close to insolvency. Most of their money reserves were spent to cover costs during social distancing and they are now struggling to maintain operations. As a result, they are in dire need of preferential loans to produce and store goods in preparation for the upcoming holidays. Food companies also asked SBV to adjust mortgage valuations of well-run companies and offer more working …

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Students at a primary school taking part in the financial education programme for children, Cha-Ching. — Photo courtesy of Prudential Prudential Vietnam Assurance and Junior Achievement Vietnam have joined hands for a third year for the financial education programme for children, Cha-Ching. In 2021-22 it will be expanded to a further 84 primary schools in Ha Noi and Hung Yen to help improve the financial management skills of more than 22,000 students. It focuses on the basic money management concepts of earn, save, spend, and donate. Contests based on the programme’s contents will also be organised, creating opportunities for students to practise skills they acquired through it. In the last two academic years the programme helped nearly 26,000 students at 103 primary schools improve the skills through training by 700 certified teachers . Over the past year, despite COVID-19, Cha-Ching activities have been maintained online. Classes for students and teacher training …

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