Viet Nam News HÀ NỘI – Việt Nam may have a large pool of manual workers, but not enough it seems to cope with growing demand. After Tết (Lunar New Year) holidays, businesses are struggling to find new workers. Job fairs around Hà Nội recorded that supply did not meet demand, Nông Thôn Ngày Nay (Countryside Today) newspaper reported. At a job session of Hà Nội Job Service Centre last Friday, many businesses offered preferential salaries and bonuses but few workers seemed interested. Phạm Đào Nguyên, an official from Hồ Tây Water Park Company in Tây Hồ District, said the company needed to recruit many positions but it only found a small amount workers during several days of recruitment. “Every year, ten days after Tết, companies face labour shortages because many workers remain on holiday,” she said. As one of the few workers looking for job at the first fair in Thanh Xuân District, Nguyễn Tiến Nghĩa, from Đông Anh District, was faced with many options. He found a job working as a security guard with the salary of VNĐ7-10 million (US$300-430) per month but he was still keeping his options open, looking for a better salary. “I came here with the desire to find a popular job with a salary ranging from VNĐ8-10 million per month, but the most importance is a stable job,” said Nghĩa. Although the labour market is quiet at the beginning of the year, many economic experts think this is a good news, showing a… [Read full story]
By Anh Minh  February 2, 2019 | 09:20 am GMT+7 Labourers arrange steel structures at a construction site of an office building in Hanoi. Photo by Reuters/Kham The number of newly incorporated companies fell 7 percent in January, but their value shot up by over 50 percent. January saw the registration of 10,079 new enterprises with total registered capital of VND151 trillion ($6.53 billion), according to the General Statistics Office of Vietnam (GSO). This was down seven percent in number, but up 53.8 percent in value over the same period last year. Real estate remained among the top 5 sectors with the highest number of newly registered businesses in January, up 17 percent year-on-year. Information-communication came next with an increase of 13 percent, followed by education which rose 5 percent. In addition to new businesses, nearly 8,500 enterprises resumed operations in January, bringing the total number of newly registered enterprises and reopening ones to over 18,500. However, the number of businesses that closed exceeded the establishment of new ones. Data from the GSO shows that over 10,800 businesses registered to temporarily suspend their operations, up over 25 percent year-on-year. Nearly 12,300 businesses were waiting to complete dissolution procedures. More than 1,800 enterprises completed their dissolution procedures, up 16 percent year-on-year, concentrated in areas such as car and motorbike repair; manufacturing, processing and construction.
The Government on Tuesday a resolution setting targets for improving business environment and national competitiveness for 2019 through to 2021. This resolution, No 02/NQ-CP, replaced Resolution 19 which has been implemented for five years. The renumbering of the resolution demonstrated the Government’s priority in fostering the quality of Viet Nam’s business environment. The objective of the resolution is to improve Viet Nam’s positions in international rankings on business environment tracked by the World Bank (WB), World Economic Forum (WEF), World Intellectual Property Organisations (WIPO) and United Nations (UN). This has great importance given the rapid development of the Industry 4.0. Viet Nam has set targets to improve its rankings by up to seven positions in the WB’s Doing Business Index in 2019 and 15-20 places by 2021; three to five positions in WEF’s Global Competitiveness in 2019 and five-10 places by 2021; and two to three spots in WIPO’s Global Innovation in 2019 and five to seven places by 2021. The country’s rankings in WB’s Logistics Performance, WEF’s Tourism Competitiveness and UN’s E-Government Index would be increased by five-10 places this year and 10-15 grades by 2020. In addition, Viet Nam is targeting to be among ASEAN 4 with the best business environment by 2021. To ensure the success, the Government requests a stronger commitment and responsibility of assigned ministries in supervising the implementation of solutions to improve the overall rankings and component indices tracked by international organisations. Five ministries are assigned for this task including Ministry of Planning and… [Read full story]