Suicide rate

More than 70 per cent of Việt Nam’s working-age women are in the labour force. Photo ILO Vietnam HÀ NỘI – With a remarkably high labour market participation rate, women in  Việt Nam face multiple and persistent labour market inequalities, and carry a disproportionate double burden of work and family responsibilities, researchers have revealed. A new research brief by the International Labour Organization (ILO) in Việt Nam shows the COVID-19 pandemic has not only exacerbated existing inequalities but created new gender gaps. More than 70 per cent of Việt Nam’s working-age women are in the labour force, compared to the global level of 47.2 per cent and an average of 43.9 per cent in Asia and the Pacific. While the gender gap in labour force participation is narrower in Việt Nam than in the world, it has still stood at 9.5 percentage points (men’s rate higher than women’s) over the last decade. According to the research brief 'Gender and the labour market in Viet Nam: An analysis based on the Labour Force Survey' , uneven distribution of family responsibilities in Việt Nam’s society could be the reason for the disparity. Nearly half of the women who were not economically active in the 2018 Labour Force Survey made this choice because of “personal or family-related reasons”, compared to only 18.9 per cent of inactive men. The research also indicated that the high labour force participation of women in Việt Nam should not be interpreted as an indicator of equal opportunity. “Before the COVID-19 pandemic, both women and men had a relatively easy access to jobs, but the quality of such jobs was on average lower among women than among men,” said Valentina Barcucci, ILO Việt Nam Labour Economist, lead author of the research. Female workers were overrepresented in vulnerable employment, particularly in contributing to family work. They earned less than men (by 13.7 per cent on monthly wages in 2019), despite comparable working hours and the …

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The 5-star ALMA Resort developed by Paradise Bay Resort Co. Ltd. has been officially voted as one of the top 10 best resort projects in Vietnam in 2020 by Vietnam Real Estate online magazine, or reatimes.vn. The year 2020 ended on a positive note for Vietnam with the national GDP rising 2.91 percent, but the COVID-19 pandemic remained complicated, with the world economy being mired in difficulties. The Vietnamese tourism industry is still making constant efforts to resist the destructive power of the pandemic. 2020 was a bleak year for all branches of tourism, but it also showed the adaptability and flexibility of the entire industry. During this difficult time, the construction of ALMA Resort was completed and it was officially put into operation in December 2019. While ensuring measures against the pandemic, ALMA Resort welcomed thousands of families in 2020, with a peak room occupancy rate of up to 80 percent. For such a new resort to have such a desirable number of guests, ALMA Resort has operated under the model of vacation ownership in which most of the customers already booked their stay for a couple of years in advance. Despite its new operation of less than two years, ALMA Resort and ALMA vacation ownership products have obtained different remarkable achievements and given customers a good impression. A view of ALMA Resort in Khanh Hoa Province, Vietnam Located in a prime location on an area of 30 hectares at Bai Dai, one of the 10 most beautiful beaches on the planet in Cam Lam, Khanh Hoa Province, ALMA Resort looks like a peaceful green oasis with an impressive architecture of tropical vibes. With the advantage of a nearly 1km stretch adjacent to the beach, ALMA is designed with unique architecture, providing customers with an optimal sea view from nearly 400 apartments and 200 resort villas. Each apartment is equipped with modern amenities for families of five to nine people, ensuring the luxury resort space and …

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Leaders of the Ministry of Industry and Trade, the Ministry of Public Security as well as the State Bank of Vietnam have concurred that operations of foreign exchange (forex) platforms are illegitimate, while cryptocurrencies are not methods of payment compliant with law in the nation. The statements were made during a regular government press meeting on Tuesday. According to Dao Minh Tu, Deputy Governor of the State Bank of Vietnam, foreign currency trading and derivative services can only be provided by licensed credit institutions and commercial banks. The central bank has not licensed any organization to run these services, Tu asserted. “The establishment of forex trading platforms is against the law and should be penalized accordingly,” he stated. In reality, these forex schemes are tempting new investors with promises of profit rates reaching as high as three digits. Due to the illegitimate nature of these platforms, investors will not be protected by law, Tu warned. Also commenting on the phenomenon, To An Xo, chief of the Ministry of Public Security Office, said the agency has urged the national government to order a thorough review of forex investment from the Ministry of Justice. The review will inform Vietnam’s effort to harness the forex market, plus helping investors making the right choice and avoiding scams, Xo added. Ministries should tackle issues of illegitimate forex schemes by issuing detailed guidance on the implementation of current regulations related to forex, said Do Thang Hai, Deputy Minister of Trade and Trade. Dao Minh Tu, Deputy Governor of the State Bank of Vietnam, speaks during a regular government press meeting on March 2, 2021. Photo: Nguyen Khanh / Tuoi Tre Cryptocurrency ban E-commerce regulators in Vietnam are struggling to detect illegal transactions, which in turn hinders the sector's development, Deputy Governor Tu said. For that reason, the State Bank of Vietnam has required that …

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