Society
Online retail platforms post strong Q1 growth
Total Q1 revenue from Vietnam’s four major e-commerce platforms - Shopee, Lazada, Tiki and TikTok Shop - reaching VND148.6 trillion ($5.8 billion).
Society
Policy trade-offs resulting from Middle East conflicts
Inflation and GDP growth count among the indicators certain to be affected by events in the Middle East and resulting policy trade-offs.
Society
Taxable revenue threshold for household businesses doubled
The adjustment aims for greater flexibility, with the threshold to be raised to approximately VND1 billion ($38,000) to reflect economic realities, support household businesses, and ensure budget balance.
Labor policies at SOEs set for revision
During the second quarter of this year, the Ministry of Labor, Invalids and Social Affairs is expected to submit to the government amendments to regulations on labor management, wages, and bonuses for managers and employees at State-owned enterprises (SOEs), according to market principles and associated with workplace productivity and production and business efficiency.
15 businesses voted ‘Vietnam’s Best Place to Work in 2022’
Great Place to Work (GPTW) has announced 15 small and medium-sized enterprises voted as “Vietnam’s best place to work in 2022”, six of which are in the technology sector. On the occasion of opening a representative office in Vietnam, GPTW announced the list of businesses in the country for the first time.
Decision issued on social security estimates for 2022
Under a Decision signed by Deputy Prime Minister Le Minh Khai on May 13, total revenue from social insurance, unemployment insurance, and health insurance premiums this year is estimated at nearly VND464.6 trillion ($20 billion), while total payouts will be over VND376.9 trillion ($16 billion).
Vietnam ranked 59th globally in education
According to rankings of the best countries in education in 2021 from USNEWS, a leading US magazine on politics, economics, and health and education, Vietnam was 59th out of 78 countries and territories, up five places compared to 2020, when it ranked 64th out of 73 countries and territories. It is ahead of Cambodia and Myanmar in Southeast Asia, but behind Singapore, Thailand, Indonesia, and the Philippines.
MoH identifies two Covid scenarios
The Ministry of Health (MoH) has identified two scenarios regarding Covid-19 during the transitional period from pandemic control and prevention to sustainable management. In the event that the virus continues to evolve, MoH will recommend a fourth vaccination, while if a new strain appears, it will report to the government on purchasing additional new vaccines.
Over $80mln in social insurance paid to Covid-19 sufferers
Social insurance agencies paid sickness benefits due to Covid-19 to more than 1,453,700 beneficiaries in the first four months of 2022, totaling over VND1.9 trillion ($82.64 million). More than 85.3 million people are now covered by health insurance, or 87.44 per cent of the population. Over 13.4 million have unemployment insurance, or 26.57 per cent of the workforce.