Semiconductor sector to create 200,000 jobs, contribute $14 bln to Vietnam economy

Semiconductor sector to create 200,000 jobs, contribute $14 bln to Vietnam economy

Vietnam’s semiconductor sector can employ 15,000 designers, 35,000 factory engineers and 154,000 indirect workers by 2030, said Deputy Minister of Planning and Investment Tran Duy Dong.

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

Vietnam labor minister faces disciplinary action for bidding violations

Vietnam labor minister faces disciplinary action for bidding violations

Vietnam's Central Inspection Commission has proposed disciplining Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung for his involvement in the Advanced International JSC (AIC)-related bidding scam.

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

Apple supplier Luxshare-ICT looks for 1,000 new workers in central Vietnam

Apple supplier Luxshare-ICT looks for 1,000 new workers in central Vietnam

Luxshare-ICT (Nghe An) Limited, a subsidiary of major Chinese electronics producer Luxshare-ICT and a supplier for Apple Inc., is recruiting an additional 1,010 laborers after the Lunar New Year (Tet) holiday, as the firm anticipates rising orders.

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

Over 300 employees of Korea-invested apparel firm strike work in central Vietnam province

Over 300 employees of Korea-invested apparel firm strike work in central Vietnam province

Upset by late salary payment, 320 employees of South Korea-invested Sein Together Vinh Vina Company Limited, an apparel business in Nghe An province, struck work Friday morning.

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

Korean association eyes $50 mln labor safety training facility in northern Vietnam

Korean association eyes $50 mln labor safety training facility in northern Vietnam

The Korea Safety Education Association plans to build a labor safety training facility in the northern province of Ha Nam with a minimum investment of $50 million.

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

400 staff of Taiwan-invested firm resume work after strike over Lunar New Year bonus

400 staff of Taiwan-invested firm resume work after strike over Lunar New Year bonus

About 400 workers of Taiwan-invested luggage maker King Loy Enterprise in Long An province resumed work Monday after a strike over changes in their Tet (Lunar New Year holiday) bonuses.

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

Vietnam unemployment falls to 2.26% in Q4, 2.28% for 2023

Vietnam unemployment falls to 2.26% in Q4, 2.28% for 2023

Vietnam’s unemployment rate fell 0.04 percentage points to 2.26% in the fourth quarter of 2023 and 0.06 percentage points to 2.28% for the whole of 2023, the General Statistics Office (GSO) reported Friday.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam okays 6% minimum wage hike from July 2024

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

Extend National Day holiday to 4 days: Vietnam labor confederation

Extend National Day holiday to 4 days: Vietnam labor confederation

Vietnam should extend its National Day holiday from two to four days, says the Vietnam General Confederation of Labor, which heads all labor unions in the country.

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

Risk factors: market demand, skilled labor shortage worry German firms in Vietnam

Risk factors: market demand, skilled labor shortage worry German firms in Vietnam

Low market demand and shortage of skilled labor are the biggest risk factors that German firms see in Vietnam over the next 12 months, a new study says.

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

Vietnam Social Security launches social insurance app in Japanese

Vietnam Social Security launches social insurance app in Japanese

Vietnam Social Security (VSS) launched a Japanese language version of its social insurance mobile app the VSSID on Tuesday as part of the 50th anniversary of Vietnam-Japan ties.

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

Vietnam’s sustainable growth hinges on workforce training, stable business environment: Bosch exec

Vietnam’s sustainable growth hinges on workforce training, stable business environment: Bosch exec

Vietnam can ensure sustainable growth and successful operations of foreign businesses by focusing on workforce training and maintaining a stable business environment, said a Bosch executive.

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

Striking employees return to work at Taiwan-invested footwear firm in central Vietnam

Striking employees return to work at Taiwan-invested footwear firm in central Vietnam

All 7,000 employees of Taiwan-invested footwear maker Viet Glory Co. Ltd. in Nghe An province returned to work Monday morning, a week after striking work demanding better pay and working conditions.

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

7,000 employees of Taiwan-invested footwear firm strike work in central Vietnam

7,000 employees of Taiwan-invested footwear firm strike work in central Vietnam

Nearly 7,000 workers of footwear maker Viet Glory Co. Ltd., or 90% of its workforce, began a strike Monday afternoon demanding changes to “unfair” benefit policies of the Taiwan-invested firm.

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

Vietnam Q3 unemployment matches previous quarter at 2.3%

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

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

Korea-invested apparel firm halts layoff plan in HCMC

Korea-invested apparel firm halts layoff plan in HCMC

South Korea-invested apparel firm Nobland Vietnam Co. Ltd., located in Ho Chi Minh City's Tan Thoi Hiep Industrial Park, has halted its plans to lay off 611 workers after a backlash from staff.

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

Taiwan footwear giant PouYuen to further reduce 1,231 jobs in August

Taiwan footwear giant PouYuen to further reduce 1,231 jobs in August

PouYuen Vietnam, a Taiwanese footwear maker and the largest employer in Ho Chi Minh City by workforce, will conduct its third layoff this year later this month, cutting 1,231 jobs.

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

Vietnam Labor Confederation eyes minimum wage hike of 5-6% next year

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

Most manufacturing firms expects market to recover in 12 months

Most manufacturing firms expects market to recover in 12 months

As many as 69% of manufacturing firms expect the market to recover in 12 months or more, according to a newly-released survey by VietnamWorks, a leading job website in Vietnam.

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

Labor market to continue facing difficulties in H2: consultancy

Labor market to continue facing difficulties in H2: consultancy

Vietnam's labor market in the second half of 2023 will continue to face difficulties with few positive signs from employers, said recruitment consultancy Adecco Vietnam.

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

Vietnam second quarter unemployment rises to 2.3%

Vietnam second quarter unemployment rises to 2.3%

Vietnam’s unemployment rate rose 0.05 percentage points from the first quarter to reach 2.3% in the second, or over 1.07 million people, the General Statistics Office (GSO) reported Thursday.

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

Apple supplier Pegatron invests $68 mln to house workers in Vietnam

Apple supplier Pegatron invests $68 mln to house workers in Vietnam

Pegatron Vietnam Company Limited, a subsidiary of Taiwanese electronics manufacturer Pegatron Corporation, kicked off the construction of a 5.04-hectare worker accommodation project in the northern city of Hai Phong on Tuesday.

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

Taiwan footwear giant PouYuen to cut further 5,744 jobs

Taiwan footwear giant PouYuen to cut further 5,744 jobs

PouYuen Vietnam, a Taiwanese footwear maker and the largest employer in Ho Chi Minh City by workforce, will lay off 5,744 employees in June and July.

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

50% of firms eye more recruitment in Vietnam this year: sector report

50% of firms eye more recruitment in Vietnam this year: sector report

More than half of businesses in Vietnam plan to boost recruitment this year, indicating positive developments in the labor market, according to a new report by TopCV, a popular human resources company in the country.

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

Labor strikes hit 20 FDI firms in Q1

Labor strikes hit 20 FDI firms in Q1

Vietnam recorded 23 labor strikes in the first quarter of this year, down from 64 in the same period of 2022, including 20 at foreign-invested enterprises in the southern region.

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

Vietnam’s unemployment falls to 2.25% in Q1

Vietnam’s unemployment falls to 2.25% in Q1

Vietnam’s unemployment rate fell 0.21 percentage points year-on-year to 2.25% in the first quarter of this year, while its workforce grew to 52.2 million, up by 1.04 million or 2.03% year-on-year.

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

Only 10% of firms in Vietnam looking to cut staff in 2023: survey

Only 10% of firms in Vietnam looking to cut staff in 2023: survey

Only 9.72% of firms in Vietnam plan to cut staff in 2023, according to a survey conducted in January by talent solutions and advisory company Adecco.

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

EuroCham proposes quicker work permit issuance

EuroCham proposes quicker work permit issuance

The issuance of work permits for foreign laborers in Vietnam should be sped up, the EuroCham proposed at a dialogue with Ho Chi Minh City authorities on Tuesday.

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

Australia workforce solution firm Weploy launches Vietnam unit

Australia workforce solution firm Weploy launches Vietnam unit

Weploy, an Australia-based on-demand temporary staffing platform, launched its Vietnam unit on Thursday after securing $5 million in investment from London-based Skymind Global Ventures.

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

Working hours of 547,000 people reduced in Sep 2022-Jan 2023

Working hours of 547,000 people reduced in Sep 2022-Jan 2023

As many as 546,835 people of over 1,300 firms in 50 cities and provinces had their working hours reduced between September 2022 and January 2023 due to decreases in business orders, the Vietnam General Confederation of Labor said Friday.

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

Vietnam’s carbon neutrality goal instrumental in Lego’s investment decision

Vietnam’s carbon neutrality goal instrumental in Lego’s investment decision

Danish giant toymaker Lego Group is investing more than $1 billion in building its first carbon-neutral plant in Binh Duong province, with production set to start in 2024. Preben Elnef, general manager of Lego Manufacturing Vietnam Co. Ltd., explains to The Investor that the country’s target of net-zero emissions by 2050 and government support have made Vietnam its newest investment destination.

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

Businesses need to recruit 400,000 laborers in first 6 months: ministry

Businesses need to recruit 400,000 laborers in first 6 months: ministry

Businesses in Vietnam need to recruit 400,000 high-skill laborers in the first half of this year, amid a labor shortage in some sectors, according to the Ministry of Labor, Invalids and Social Affairs.

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

Vietnam's personal income tax revenue hits decade high

Vietnam's personal income tax revenue hits decade high

Personal income tax revenue in Vietnam reached VND166.73 trillion ($7.11 billion) in 2022, a decade high and up 27% year-on-year.

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

Salary hike top labor expectation for 2023

Salary hike top labor expectation for 2023

A salary increase of 10% or more is the most common expectation of laborers in 2023, according to a report by Navigos Group, a leading HR service provider in Vietnam.

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