Vietnam Q1 unemployment rate slips slightly to 2.24%
Vietnam’s unemployment rate is estimated to have dropped to 2.24% in the first quarter of this year, down 0.02 percentage points from the previous quarter and 0.01 percentage points from the same period last year.
Top News - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese firms record huge profits thanks to debt restructuring
Many businesses in Vietnam recorded sudden income spikes from debt restructuring in the fourth quarter of 2023, which contributed to improving their annual profits.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Average monthly wages at FDI firms in Vietnam increase 2.5% to $356
The average monthly wage per head at foreign-invested businesses in Vietnam rose 2.5% year-on-year to VND8.68 million ($356) in 2023, according to a preliminary report by the Vietnam General Confederation of Labor (VGCL).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taxi service provider Vinasun doubles remuneration for senior management, pays 45% dividend
Transportation company Vinasun paid its board of directors, general directors and supervisors VND8.5 billion ($345,500) in pay and bonuses in 2023, more than double their remuneration in 2022.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Techcombank's 2023 net profit drops 10% to $731 mln
Major Vietnamese private lender Techcombank reported VND40.06 trillion ($1.63 billion) in total income and over VND18 trillion ($731.4 million) in net profit last year, down 1.2% and 10.4% year-on-year, respectively.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam okays 6% minimum wage hike from July 2024
The National Wage Council voted Wednesday to have minimum wages in the country rise by 6% starting July 1, 2024.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Two of Vietnam’s ‘Big 4’ banks report double-digit profit growth
BIDV and VietinBank, both state-controlled banks in Vietnam, recorded respective pre-tax profit growth of 12% and 10% year-on-year in the first nine months of this year.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks see mixed profit results in Q3
Vietnamese banks saw a strong divergence in third-quarter profits, with many reporting growth thanks to a sharp reduction in credit risk provisioning costs.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Q3 unemployment matches previous quarter at 2.3%
Vietnam’s Q3 unemployment rate remained unchanged from G2 at 2.3%, numbering 1.08 million people, according to the General Statistics Office.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM asks labor ministry to draft minimum wage hike
Prime Minister Pham Minh Chinh has asked Vietnam’s Ministry of Labor, Invalids and Social Affairs to compile a draft minimum wage hike for workers.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Average house price in HCMC exceeds $296,000
The median house price in Ho Chi Minh City has reached more than VND7 billion ($296,000), 32.5 times higher than the average annual household income of just VND217 million ($9,110), according to a report by Singapore-based research firm The Urban Land Institute (ULI).
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Labor Confederation eyes minimum wage hike of 5-6% next year
The Vietnam General Confederation of Labor, the head of all labor unions across the country, has proposed a 5-6% increase for the minimum regional wage next year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Coffee farmers embrace regenerative agri-practices for better incomes: Nestle
Improved incomes, increased use of regenerative agricultural practices, and integrated approaches have been adopted by coffee growers in Vietnam and other key coffee-supplying countries, Swiss food and nutrition giant Nestle said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Average wage in Vietnam likely up 12% next year: survey
The average wage in Vietnam might climb 12% next year, better than the 9% this year, according to Anphabe, a leading workforce solution provider in the country.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Salaries at foreign firms 31% higher than Vietnamese peers
The average basic salaries at multinational corporations (MNCs) in Vietnam is 31% higher than those of domestic companies, according to HR consulting firms Talentnet and Mercer.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
JICA urges Vietnam to enhance human resources development
Vietnam needs to improve education and training for the labor workforce to increase productivity and boost the country’s competitiveness for global integration, Japan International Cooperation Agency (JICA) said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
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Vietnam gov’t irons out incentives for rooftop solar development
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Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants
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- Editor’s Picks
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
-
Vietnam gov’t irons out incentives for rooftop solar development
-
Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants
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Vietnam deposit interest rates pick up after year in hibernation
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Multinational home tool firm Techtronic to invest $650 mln in Vietnam
