Business News

Moving from a supporting role to leading organizational change, "Digital HR" now has the core HR functions and practices to fit the new needs created by the general business digital transformation. The Digital HR Summit in Vietnam is responding to an emerging business need to develop an effective awareness and adoption strategy in HR, with case studies from a range of European and International companies.

“In the market economy, insurance is seen as a State service. If the State can’t meet market demand, private firms and individuals must join and make the sector work properly,” Khánh said on Monday at a debate about the draft of amended Law of Insurance during the 14th National Assembly’s seventh meeting.

Speaking at a meeting on seaport and internal waterway projects held in the province on Tuesday, Quốc told the provincial Department of Planning and Investment to work with investors of the projects that are proceeding slowly and re-evaluate their capacity, and report the results to the committee soon.

The city has 17 industrial and export processing zones, one high-tech park and 16 industrial clusters, with over 1,600 enterprises and nearly 380,000 labourers. Of the number, about 65 per cent of them are migrants.

The figures suggest that mobile transaction has turned more popular in Vietnam, in tandem with the Government’s push for the development of non-cash payment methods, according to the Payment Department under the State Bank of Vietnam.

The textile and garment industry may fail to take tariff advantage from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Vietnam-EU Free Trade Agreement (EVFTA) as it cannot tackle the issue of local materials. Meanwhile, the Government and local authorities are still undecided over the planning for the industry.

If a corporate income tax reduction is proposed for micro, small and medium enterprises as a whole, nearly all enterprises will be subject to the incentive, which may lead to unfair competition among them, stated Nguyen Quoc Hung, deputy director of the Tax Policy Department under the Ministry of Finance.

Deputy Prime Minister Vuong Dinh Hue last week arranged a phone call with US Treasury Secretary Steven Mnuchin to discuss a number of bilateral topics. High on the list was Vietnam’s currency and foreign exchange policy, which recently came into the spotlight as Vietnam ran the risk of being labelled as a “currency manipulator” by the US Treasury.