POLICIES COME INTO EFFECT IN DECEMBER
A string of fresh policies on holiday salary, pensions for female laborers, social insurance for foreign workers shall come into effect in December. Working duration serves as the basis for calculating severance allowance and redundancy pay The Government issued Decree No. 148/2018/ND-CP (“Decree 148”) on October 24, 2018 amending, supplementing certain guidelines of Decree No. 05/2015/ND-CP detailing the implementation of the Labor Code. Decree 148 shall become effective from December 15, 2018.
MINISTRY OF FINANCE TO REDUCE, SIMPLIFY 176 ADMINISTRATIVE PROCEDURES
The Ministry of Finance recently issued Decision 2141/QD-BTC approving the plan for reduction and simplification of administrative procedures within its jurisdiction. Accordingly, the ministry will cut and streamline 176 administrative procedures in 13 fields, of which 148 administrative procedures will be reviewed for elimination and 28 administrative procedures will be simplified.
JAPANESE CAPITAL CONTINUES POURING INTO TEXTILE AND GARMENT
Japanese firms are scaling up investment into Vietnam’s textile and garment sector to take advantage of the huge market potential and Vietnam’s new-generation free trade agreements.
PROPERTY FIRMS LOOK TO STOCKS FOR CAPITAL
With banks tightening credit to the property sector, developers should look at the stock market for capital, experts told a workshop on “Potential and opportunities for investment in property stocks on Friday.
WORLD BANK PROMISES $200 BN IN 2021-25 CLIMATE CASH
The World Bank on Monday unveiled US$200 billion in climate action investment for 2021-25, adding this amounts to a doubling of its current five-year funding. The World Bank said the move, coinciding with a UN climate summit meeting of some 200 nations in Poland, represented a "significantly ramped up ambition" to tackle climate change, "sending an important signal to the wider global community to do the same."
FEES OF SEAPORT SERVICES TO RISE NEXT YEAR
The Ministry of Transport has released the new fees for seaport services to be applied at local seaports, with many fees edging up by between 10% and 50%. The new fees will come into effect on January 1, 2019, Sai Gon Giai Phong newspaper reported.
ONE-TIME SOCIAL INSURANCE CASES APPLIED TO FOREIGN WORKERS
According to Government Decree 143/2018/ND-CP issued on October 15, 2018 and put into force on December 1, 2018, providing details on enforcement of compulsory social insurance for foreign workers working in Vietnam under the Law on Social Insurance and the Law on Occupational Safety and Health. There are four cases that foreign workers are entitled to receive one-time social insurance.
TIME TO DIGITISE LAND MANAGEMENT
The Ministry of Natural Resources and Environment (MONRE) has been working on a strategy for the development of land management for the 2020-30 period. It is hoped it will meet the demand of e-government project as well as enhance the land use efficiency, said Mai Van Phan, deputy head of the MONRE’s General Department of Land Administration (GDLA).
