Society
Hanoi boosting housing development
Hanoi has set a target of developing 44 million sq m of housing, with capital of VND437 trillion ($19 billion) required. The per capita housing area is to be 29.5 sq m in the 2021-2025 period.
Society
Many localities seeking capital for social housing investment
A range of social housing projects have been planned by localities and are calling for investment, especially in cities and provinces with many industrial parks. Three localities - Ho Chi Minh City, southern Binh Duong province, and the Mekong Delta’s Long An province - have projects to build a million social housing properties.
Society
Labor market to recover by Q2 2022
An estimated 70-75 per cent of businesses and employees have now returned to work around Vietnam, with some localities seeing a rate of over 90 per cent. If the pandemic is controlled and the vaccination campaign is sufficiently widespread, between the end of the first quarter and the beginning of the second quarter of 2022, labor and employment is likely to have recovered to a level similar to before the outbreak.
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
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.
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
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 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
Under a scenario of Hanoi partially loosening some important business activities, the shortages in the labor market will be improved.