Want to be in the loop?
subscribe to
our notification
Business News
NEW POLICIES TAKE EFFECT IN MAY
Unemployment insurance
The Government has issued Decree No. 28/2015/ND-CP dated March 12, 2015 to guide the implementation of some articles of the Law on Employment.
Under the Decree, employers shall be provided with financial assistance with the maximum volume of VND 01 million/person/month to cover expenses of training, improving working skills in order to maintain employment for workers.
To be eligible for the financial support, employers shall have to fully meet the following conditions to:
- Having fully paid unemployment insurance premiums for laborers obliged to participate in unemployment insurance for at least full 12 consecutive months by the time of request for support;
- Meeting difficulties due to economic recession or other force majeure causes, forcing them to undergo restructuring or change production and business technologies;
- Lacking funds for organizing training and re-training to improve occupational skills qualifications for laborers;
- Having a plan on training and re-training to improve occupational skills qualifications for job maintenance, approved by an authorized state agency.
The duration of support for training and re-training to improve occupational skills qualifications for job maintenance for laborers must comply with the approved plan, but must not exceed six months.
Selection of investors
The Government’s Decree No. 30/2015/ND-CP dated March 17, 2015 guides detailed implementation of the Bidding Law regarding investor selection.
The Decree shall be applied to public-private partnership projects and projects using land of high commercial value specified in the lists approved for construction in urban and new urban centers, commercial housing construction and multipurpose complexes which are not under PPP projects.
National occupational certificate
Decree No. 31/2015/ND-CP on detailed implementation of some articles of the Law on Employment covers regulations on conditions, assessment and grant of national occupational certificates.
The Decree also includes the list of jobs that directly affect the safety and health of laborers and community.
One-stop-shop mechanism
PM Nguyen Tan Dung has signed Decision No. 09/2015/QD-TTg0020 promulgating the Regulation on implementation of one-stop-shop (OSS) and inter-level OSS mechanisms in state administrative agencies at local level.
The Regulation specifies the definitions and processes and agencies responsible for deploying the mechanisms.
The Receiving and Returning Unit (RRU) is the focal point of contact which provides instructions of administrative procedures, receives task portfolio from individuals, organizations, and sends them to related functional organizations or authorized level of government for being proceeded, then takes the results and returns to the individuals and organizations.
Pilot online social insurance transactions
According to the Decision No. 08/2015/QD-TTg on pilot performance of online social insurance transactions, state enterprises and agencies and non-business units and organizations are allowed to carry out the online registration of social, health and unemployment insurance and application for grant of social insurance books and health insurance cards.
The move also allows insurance-covered employees to see their insurance transaction results online, simplifying procedures for them and their employers.
Under the new regulation, online insurance transactions will be conducted through the e-portal of the Vietnam Social Security or websites of e-transaction service providers in the field of social insurance.
Source: VGP
Related News
![Card image cap](/uploads/news/bn-01.jpg)
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.
![Card image cap](/uploads/news/Security.jpg)
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.
![Card image cap](/uploads/news/eco2.jpg)
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.
![Card image cap](/uploads/news/Eco3%20%281%29.jpg)
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.
![Card image cap](/uploads/news/Eco4.jpg)
GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
![Card image cap](/uploads/news/FDI.jpg)
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.