An article in the UK’s Financial Times newspaper on Monday said foreign companies were choosing Viet Nam over other countries in the region because of its attractive investment environment, cheap labour and political stability. The newspaper said Mitsubishi Heavy Industries (MHI) Aerospace was planning to build a factory in Viet Nam to assemble wing flaps [...]
More than 700,000 people will join Vietnam’s national workforce every year in the 2010-2015 period, an annual increase of 1.5%, said a recent report from the Institute of Labor Science and Social Affairs. This makes the country one of the fastest growing labor markets in the Southeast Asia, just behind Indonesia and the Philippines. The [...]
More than 700,000 people will join the country’s workforce every year until 2015, an annual increase of 1.5 per cent, according to a report on the country’s labour and social trends. This makes Viet Nam one of the fastest growing labour markets in Southeast Asia, just behind Indonesia and the Philippines, notes the report released [...]
Vietnam does not lack labourers, but companies often complain that they cannot recruit enough workers to fulfill their needs. Living and working near families, having a stable income and low expenses – all these factors have persuaded many to stay in their home provinces rather than head to big cities. Rural areas benefit from this [...]
An abundance workforce may put pressure on Vietnam’s economy, as it could exacerbate unemployment and underemployment. The Ministry of Labour, Invalids and Social Affairs (MoLISA) and the International Labour Organisation (ILO) last week released a report on labour and social trends in Vietnam, showing that Vietnam had a strong potential workforce. Vietnam’s workforce in 2009 [...]
A draft of the revised labor code due to be submitted for the National Assembly’s approval in 2011 will make deep and comprehensive changes to labor usage and management, said Dang Duc San, director of legal department under the Ministry of Labor. “Vietnam’s labor law has been amended three times, but in the next time, [...]
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