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
More closures, layoffs as Vietnam real estate gloom persists
The number of dissolved real estate businesses in Jan-Oct increased, many other firms have suspended operations, salaries are paid late and employees are being laid off in large numbers.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Mass layoffs should be minimized to protect workers’ interests: lawmakers
The Vietnamese economy is forecast to continue facing difficulties, so the government should ask businesses to limit production expansion and avoid mass layoffs, said legislators on Wednesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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- Editor’s Picks
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LG’s chemicals arm records modest 2023 profits in Vietnam
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Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
-
SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
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Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
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AG&P LNG to start operating southern Vietnam LNG terminal in Sept
