November 26, 2011
Vietnam lawmakers on Tuesday opposed draft adjustments to the current labor law, saying that an increase in regulated overtime is not what laborers want. The proposal being discussed at the National Assembly aims to increase the maximum annual overtime from 200 hours to 360 hours. Cu Thi Hau, a lawmaker from the northern province of Hung [...]
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Posted in Politics | Comments Off
November 22, 2011
Vietnam’s lawmakers said Friday they did not agree that the heavier cash fines proposed by a draft law will be able to deter administrative violations. Ngo Van Minh, a lawmaker from the central province of Quang Nam, said while people keep complaining that current fines aren’t heavy enough to deter violations, they have ignored another [...]
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November 17, 2011
Vietnamese legislators say workers are struggling to survive on low wages because the minimum salary has not been adjusted to keep pace with inflation. Nguyen Van Khanh of the southern province of Dong Nai said many workers are living a very stringent life with low-quality meals on a monthly income of less than US$100, or approximately VND2 [...]
Tags: Basic Salary, Minimum Salary, salary, The Basic, The Basic Salary, The government, The Minimum, The Minimum Salary, workers
Posted in Politics | Comments Off
September 26, 2011
Current minimum wages stipulated for state workers and the armed forces are insufficient to meet minimum needs, according to a survey results released Friday by the Ministry of Home Affairs. The survey covered respondents from officers at the ministries Health, Education and Training, and Science and Technology, and people in 15 cities and provinces. More [...]
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Posted in Social | Comments Off
July 9, 2011
A customer deposits bricks of dong bank notes to a local commercial bank in Hanoi. Bankers said it’s necessary to have many branches to attract more deposits. The central bank is planning to double the minimum capital requirement for bank branches, but small lenders say the new rule would badly hurt their business. According to [...]
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Posted in Business | Comments Off
May 22, 2011
State workers repairs electrical grids in downtown Ho Chi Minh City. Many employees of state-owned firms are not interested in the minimum wage increase, saying it fail to match recent price hikes. The Vietnamese government’s recent decision to increase the minimum wage by 14 percent has failed to spark any enthusiasm among workers. Not only [...]
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April 10, 2011
Vietnam's consumer price index rose 13.89 percent in March Raising the minimum wage will not have any impact on consumer prices, unlike the hikes in power and fuel products, said Nguyen Loc An, deputy head of the Domestic Market Department at the Ministry of Industry and Trade. But, he said, in order to prevent the [...]
Tags: consumer, Minimum, Minimum Wage, prices, The Minimum, The Minimum Wage
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March 12, 2011
A man reads job notices on an electric pole in downtown Ho Chi Minh City. Vietnamese economists are calling on government officials to implement some sort of emergency relief as inflation and prices soar. As the government considers modifying the Law on Personal Income Tax, experts say that it should institute an emergency income tax [...]
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January 28, 2011
Ministry mulls national housing fund to assist low-income earners Two men play chess near apartment buildings in Ho Chi Minh City’s District 7. It takes between 24.5 and 26.6 years for a Vietnamese to be able to buy a house. Live a very strict, austere life. Save everything you can after working very, very [...]
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January 15, 2011
An economist argues that Vietnam needs to start taxing the rich and easing off the poor A cyclo driver reads a newspaper outside an electronics store in downtown Ho Chi Minh City. Dr. Nguyen Minh Phong of the Hanoi Socioeconomic Research Institute says that taxes should be adjusted to meet the current economic reality. [...]
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