Want to be in the loop?
subscribe to
our notification
Business News
AROUND 70% OF WORKFORCE AT IPS, EPZS IN HCMC BACK TO WORK
Nearly 1,400 manufacturing plants located at 17 export processing zones (EPZs), industrial parks (IPs) and hi-tech parks in Ho Chi Minh City have resumed operation since September 30.
Pham Thanh Truc, deputy head of the management board of Ho Chi Minh City's export processing and industrial zone (HEPZA) said that 1,307 factories have re-opened, accounting for more than 92% while almost all 85 enterprises at high-tech parks in Thu Duc City have resumed operation, reaching 100%.
More than 230,000 among 320,000 workers at IPs under HEPZA and hi-tech parks have come back to work, making up 70%.
During the social distancing period, 750 manufacturing plants maintained their operation in form of “three on-site” measures, meaning staff must work, eat/drink and rest on-site, with the participation of nearly 71,000 laborers, said Pham.
The Ho Chi Minh City Federation of Labor announced that it has spent over VND1.39 trillion (US$60.4 million) as relief aid for 2.4 million trade union members, workers, civil servants, laborers and their children affected by the COVID-19 pandemic in the city.
Source: VCCI
Related News
ONE-TIME OFFER: COMPLEMENTARY CATHAY PACIFIC LOUNGE PASS
Begin your trip on the right note in Cathay Pacific’s first-ever ferry lounge, located at Shenzhen’s Shekou Cruise home port. Situated at the end of the pier, the ferry lounge offers a breathtaking 270-degree view of the sea. You can immerse yourself in sheer luxury and revel in the panoramic beauty. Catch a glimpse of Hong Kong in the distance.
VIỆT NAM TARGETS FULL MOBILE BROADBAND COVERAGE ON HIGHWAYS, INDUSTRIAL ZONES BY 2025
By 2025, Việt Nam aims to achieve one hundred per cent mobile broadband coverage on all national highways, expressways and railways under a plan to enhance the quality of Việt Nam’s mobile telecommunications network by 2025, which has been approved by the Ministry of Information and Communications (MIC).
VIETNAM ONE OF FASTEST-GROWING E-COMMERCE MARKETS IN SOUTHEAST ASIA
The report released on July 16 highlighted that the total GMV of Southeast Asia’s eight leading e-commerce platforms rose to $114.6 billion in 2023, up 15 per cent from 2022. The key drivers for the region's e-commerce GMV expansion in 2023 are Vietnam and Thailand, growing 52.9 per cent and 34.1 per cent on-year, respectively.
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.