Hanoi (VNA) – Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung has asked local businesses to stop sending Vietnamese workers to regions affected by new coronavirus (SARS-CoV-2) outbreaks. Enterprises that have not obeyed the instruction will be strictly punished in line with law, the minister said. Vietnam’s labour representative offices in the epidemic-hit regions need to take communication measures to encourage workers, including illegal labourers, to fill in medical declaration forms and undergo medical supervision in host countries if they come from other areas or are infected or suspected to be infected with the virus. Workers who return home from areas with SARS-CoV-2 outbreaks will be kept under quarantine in line with regulations of the Vietnamese Ministry of Health, Dung said. Apart from fighting the disease, efforts should be made to remove difficulties facing the management work in order to ensure production and business, and stabilize … [Read more...] about Firms asked to stop sending workers to coronavirus-hit areas
Stop health insurance calls
Mr Azar also said the US needed to expand its stockpiles of protective equipment, like surgical masks. He said that right now the US has a stockpile of about 30 million masks, but it actually needs 300 million to supply to healthcare workers. … [Read more...] about Health officials: Coronavirus spread to the US ‘inevitable’
"We need to stay consistent with the targets of keeping inflation in check, ensuring macro-economic stabilization as well as economic balances to secure sustainable growth. We need to create open mechanisms, and favorable financial and monetary policies with a focus on exports, boosting domestic consumption, and mobilizing more social resources,” he noted. … [Read more...] about PM calls for greater efforts to ensure disease control, economic development
Like other players in the market, the three state-owned lenders of Vietcombank, VietinBank, and BIDV are complaining about the foreign ownership limit (FOL), which they believe is obstructing their way of attracting overseas capital. Vietnam’s current Law on Credit Institutions states that all foreign investors can own at most 30 per cent of stakes of a domestic bank, and a strategic partner can only purchase a maximum 20 per cent stake of a Vietnamese lender. A foreign individual cannot acquire more than a 5 per cent stake. … [Read more...] about Calls for FOL to be relaxed
Of the five largest e-commerce players in the Vietnamese market at present - Shopee, Lazada, Tiki, Sendo and Adayroi - the top and the second largest firms are foreign-owned. Both Tiki and Sendo are controlled by foreign investors, with only Adayroi being truly Vietnamese with management coming from leading Vietnamese conglomerate Vingroup. … [Read more...] about An internet economy: a golden treasure trove?