Regarding the monthly wage that was written into the 2012 Labour Code, it says clearly that the State should have the final say on the wage system and labour norms. In the new Labour Code, the State will not intervene in wages or bonuses employers pay to their employees. The Government will only regulate the minimum wage, which is divided into four regions. Other payments will be negotiated between employees and their employers. This is an important element which will encourage workers to raise productivity. — VNS … [Read more...] about New and progressive Labour Code in the pipeline
Progressive business forum
Vietnam’s economy is expected to maintain good growth in 2020 Vietnam is advancing into 2020 following good results in 2019. Experts and companies tell Việt Nam News about their forecasts of the country's economic prospects this year as well as opportunities and challenges facing the country. … [Read more...] about Which industries will prosper in 2020?
Hanoi (VNS/VNA) - Vietnam had a trade deficit of more than 1 billion USD with Australia last year, one year after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect. Of which, coal was the imported commodity with the highest value of 1.45 billion USD in the first 11 months of last year, rocketing by 96.8 percent over the previous year, accounting for 35 percent of total import turnover of goods from this market. Ore and minerals ranked second, valued at 517 million USD, accounting for 12.5 percent of the total import turnover from Australia. Metal products ranked third in turnover, followed by wheat and iron and steel scrap. Two-way trade between Vietnam and Australia has changed significantly a year after the CPTPP came into effect, said the Import-Export Department under the Ministry of Industry and Trade. Accordingly, the trade balance has shifted from a trade surplus to a trade deficit. Vietnam had a trade surplus with Australia … [Read more...] about Vietnam increases coal, ore and mineral imports
VN firm ships 500 tonnes of molasses to Australia Thanh Thanh Cong Trading Joint Stock Company, a member of the Thanh Thanh Cong Group, has exported 500 tonnes of molasses to Australia to help alleviate a shortfall across Queensland state caused by an ongoing drought. … [Read more...] about Vietnam increases coal, ore and mineral imports from Australia
The second area I want to mention is the implementation of the Law on Education. In the last decade, school textbooks have been subjected to revisions several times, as were the roles of the public and private agencies in textbook reform. Last but not least, the quality of the human resources in this field has not been properly treated. … [Read more...] about Positive thinking will help Vietnam fly high