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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.
UNDP: Cash assistance must come

UNDP: Cash assistance must come

According to Mr. Terence D. Jones, UNDP Resident Representative, to achieve the dual goals of supporting disadvantaged households and promoting economic growth, Vietnam’s cash assistance program must be implemented as quickly as possible.
Cash support coming for workers in difficulty

Cash support coming for workers in difficulty

The government will provide VND30 trillion ($1.32 billion) in cash support to workers affected by Covid-19, from the Unemployment Insurance Fund, and at the same time reduce contributions by employers to the Fund.
Pfizer to provide additional vaccines to Vietnam

Pfizer to provide additional vaccines to Vietnam

Pfizer is committed to providing 31 million doses of vaccine to Vietnam this year, according to Mr. Jonathan Selib, Senior Vice President of Global Policy at the pharma giant.
Labor market to improve

Labor market to improve

Under a scenario of Hanoi partially loosening some important business activities, the shortages in the labor market will be improved.
Early retirement policy adjusted

Early retirement policy adjusted

Redundant workers who retire before the retirement age are to receive additional salary support. The support coefficient is calculated according to the number of years participating in social insurance and the number of years in the workforce.

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