But what about those companies that were not as well prepared or fortunate? Well, the good news is that it is not too late. Having seen the consistent patterns in those companies that have done well, my advice would simply be to copy them. Start your own transformation in both technology and organisational approach. It is easier than most people imagine, especially now the urgency is upon us. The best companies had many new slogans such as “courage to try” and “have no fear”. Once we set our minds to modernisation, we see quick results and then there is no retreat to the old ways. … [Read more...] about How the best companies in Vietnam grew during COVID?
Returns to normal
Dr. Can Van Luc FCPA (Aust.), chief economist for BIDV and president of the BIDV Training and Research Institute With an increasing number of customers going online to access goods and services, these SMEs need to prioritise equipping their leaders and employees with digital skills, says Dr. Can Van Luc FCPA (Aust.), chief economist for BIDV and president of the BIDV Training and Research Institute. … [Read more...] about Strategic solutions for business growth post-COVID-19
"I felt so sorry looking at him. He told me that he is 65 years old. But he had lost all his teeth. And his body was full of injuries. He kept asking me to let him stay, so Hoa and I took him in," Do recalled. … [Read more...] about Russian man stranded in central Vietnam, rescued by locals
From January 1, 2021, the full retirement age will be 60 years 3 months for male workers and 55 years 4 months for female workers.The retirement age will then be increased by 3 months each year for men until it reaches 62 years in 2028 while the threshold for women will be extended by 4 months each year until it reaches 60 years in 2035.Workers can retire early but it must be five years or less earlier than the normal retirement age if they do arduous work in hazardous conditions and have a career of at least 15 years.Early retirement is also eligible for those working for 15 years or more in regions with particularly difficult socio-economic conditions and those with reduced working capacity of 61% or more.Workers can retire at a higher age than the normal retirement age when they have an agreement with their employers to continue working.Vietnam currently has 3.2 million people on retirement pension and social security benefits.Changes to the retirement age were approved by the … [Read more...] about Pensions too low, hundreds of thousands of retired workers struggle
Since early October, the north-central coast and central region in Vietnam have faced storm after storm along with severe flooding and landslides. Statistics from the Vietnam Disaster Management Authority show that as of October 24, 130 died and 18 remained missing. A total of 889,605 people were affected by the storms, 290,000 homes were flooded and damaged and 122,600 people were evacuated. It is estimated that up to 7 million are affected by the aftermaths and 5 million may fall into poverty. Quang Binh and Quang Tri are among the hardest hit provinces in Vietnam. In the past 20 years, Plan International Vietnam has helped 10,000 children in Huong Hoa, Dak Rong, Minh Hoa, Le Thuy and Quang Ninh provinces. In order to help the flood victims, Plan International Vietnam has called for VND26.3bn to help 200,000 residents. The money will be disbursed in six months and divided into three phases. Families that lost their members to the floods and landslides, families with disabled … [Read more...] about Plan International helps flood victims resume daily lives