FDI footwear firm in southern Vietnam announces Lunar New Year bonuses of $26.8 mln

FDI footwear firm in southern Vietnam announces Lunar New Year bonuses of $26.8 mln

Despite falling orders and difficulties surrounding the leather and footwear industry, South Korea’s Chang Shin Vietnam Co., Ltd. based in the southern province of Dong Nai has announced it will spend about VND650 billion ($26.82 million) on Lunar New Year (Tet) bonuses, a slight increase from last year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Job cuts, reduced hours hit nearly 510,000 Vietnamese workers

Job cuts, reduced hours hit nearly 510,000 Vietnamese workers

Over half a million employees in Vietnam lost their jobs or had their work hours cut in the first five months of this year, said Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung on Monday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Job loss pushes workers into misery

Job loss pushes workers into misery

Companies’ job cuts have pushed workers into extremely difficult situations and an immediate solution is needed to prevent the current layoffs.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

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