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Aging population driving nursing home market
Society

Aging population driving nursing home market

The nursing home market in Vietnam is still very much in its infancy. Only 32 of the country’s 63 cities and provinces have specialized facilities for the elderly, so demand for nursing homes and elderly care centers is huge. The State is now perfecting mechanisms and policies to encourage private enterprises to join the market and expand the nursing home network.
Society

Just 6.1% of loan package for salary payments disbursed

As of September 30, only VND462 billion ($20.4 million) of an interest-free loan package to pay the salaries of more than 130,000 employees had been disbursed, or 6.1 per cent of the total capital. The government has therefore decided to ease the lending conditions on these loans.
Society

Capital must continue to go to social policy bank

Localities must continue to prioritize the allocation of capital from their budget to the Vietnam Bank for Social Policies (VBSP), in order to supplement capital sources for the poor and other policy beneficiaries to access loans.
Unemployment insurance contributions cut

Unemployment insurance contributions cut

Vietnam Social Security will reduce the contributions to unemployment insurance funds by 381,925 businesses, with a total amount of over VND7.6 trillion ($334.1 million). More than 7,400 employees have received support payments from the Fund, totaling over VND20 billion ($879,350).
$675 mln in support provided

$675 mln in support provided

As of October 1, Vietnam had provided VND15.3 trillion ($674.83 million) in support to 18.32 million people affected by Covid-19 and more than 156,300 tons of rice to 2.4 million households in 30 cities and provinces.
Many jobs to fill in HCMC to year’s-end

Many jobs to fill in HCMC to year’s-end

Ho Chi Minh City is expected to need 43,600-56,800 new employees in the fourth quarter of 2021, when many businesses start to reopen. Demand is concentrated in four key industries and nine major services.
Plastic waste a pressing issue

Plastic waste a pressing issue

Vietnam’s investment in waste management infrastructure has not kept pace with waste discharge. Nearly 70 per cent of the material value of plastic is not re-used, equal to $2.2-$2.9 billion each year.
HCMC to gradually re-open

HCMC to gradually re-open

Covid-19 checkpoints around Ho Chi Minh City were removed on September 30, with all activities to be gradually re-opened under a plan to ensure the health and safety of citizens.
Insurance finds favor amid Covid-19

Insurance finds favor amid Covid-19

Twenty-six per cent of Vietnamese consumers took out insurance policies during the fourth wave of Covid-19, according to a YouGov survey. This presents major opportunities for insurance companies in the country.

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