A factory in Binh Duong Province (Photo: Trinh Binh)
During a conference on reviving the Vietnamese labour market on November 3, NDO quoted the sayings of Dung that some localities had recorded work resumption rates of up to 90%.
He spoke highly of local authorities’ proactiveness in introducing various policies to support those affected by the COVID-19 pandemic.
Dung underlined that such prompt and effective policies have helped retain workers and ensure their normal lives.
According to Minister Dung, the labour market could be restored to pre-outbreak levels by the end of the first quarter or early in the second quarter of 2022 if the current situation is maintained and vaccination is accelerated.
70-75% of enterprises and their employees return to work one month after social distancing
(Source: laodong.vn)
At the conference, he asked local authorities to accept workers returning home and introduce appropriate policies to create jobs for those who want to remain.
He also suggested that enterprises should carry out sound policies to retain workers by keeping frequent contact with them and providing support for those whose jobs are still suspended.
On-time performance rate of Vietnamese airlines reaches 94.5 percent
The on-time performance rate of Vietnamese airlines reached 94.5 percent in the first 10 months of this year, equivalent to 103,186 flights, according to the Civil Aviation Authority of Vietnam (CAAV).
Passengers stand at check-in kiosks at Tan Son Nhat airport (Photo: VNA)
VNA reported that in the period, Vietnam Airlines, Vietjet Air, Bamboo Airways, Pacific Airlines, Vasco and Vietravel Airlines reported 6,060 delayed flights, accounting for 5.5 percent of the total flights. Meanwhile, 2,224 flights were canceled.
In the reviewed period, national flag carrier Vietnam Airlines had conducted 41,717 flights, Vietjet Air 35,979, Bamboo Airways 21,024, and Pacific Airlines 6,490.
The Vietnam Air Services Company (VASCO) and the recently-launched Vietravel conducted 2,749 and 1,287 flights, respectively.
The CAAV said that bad weather conditions were the major reason behind the delays and cancellations, along with other reasons such as late arrivals and technical issues.
Vietnam wins big at Online World Martial Arts
Vietnam won big at the Online World Martial Arts which wrapped up on November 2.
Vietnam wins big at the Online World Martial Arts which wrapped up on November 2.
(Photo: Facebook)
The country earned five gold, seven silver and four bronze medals in the five-day virtual competition that saw over 3,300 athletes from all over the world competing in ten categories.
Vietnam took part in three categories – Kurash, Judo and traditional martial arts. The Vietnamese Kurash team brought home four gold and one silver medals, Judo grabbed one gold and three medals while the traditional martial arts team won three silver and four bronze medals.
Removing bottlenecks to attract FDI inflows from Europe
Vietnam must strive to remove hurdles and deploy synchronous measures aimed at creating a healthy business climate to attract high-quality foreign direct investment (FDI) projects, including those from Europe, according to industry insiders.
Germany's Schaeffler group is developing a production hub in Vietnam
(Photo:congthuong.vn)
According to VOV, European investors have so far invested over US$22 billion in numerous FDI projects in Vietnam, including several of high quality, a factor which has significantly contributed to sustainable development in the country over recent times, said Vu Van Chung, deputy director of the Foreign Investment Agency (FIA).
FIA statistics show FDI inflows into Vietnam during the initial 10 months of the year reached US$23.74 billion, of which nearly US$1 billion came from the EU, despite the complex nature of the COVID-19 pandemic.
He noted that Vietnam’s strong commitment to promoting transparency and openness in the business climate has lured high-quality investment capital from the developed EU nations, which have benefited business communities of both sides.
Nguyen Hai Minh, vice president of the European Business Association in Vietnam, pointed out that Vietnam enjoys numerous advantages in terms of FDI attraction, especially in the current trend of shifting FDI inflows, noting that despite various COVID-19 challenges, European investors have chosen not to withdraw their capital from the country.
Minh emphasised that European enterprises tend to inject money into high-added value projects and move some research & development centres to Vietnam. Seaports, road traffic, and energy make up key industries that have captured attention of European businesses.
Meanwhile, Nguyen Xuan Thang, managing director of Schaeffler Vietnam, said the group has chosen Dong Nai to build its largest factory, with a total investment in the first phase reaching EUR45 million due to the country’s advantages in human resources, investment incentives, and involvement in the EU-Vietnam Free Trade Agreement (EVFTA).
Thang went on to reveal that the group will begin construction of the second phase of the factory, which is expected to act as a global production hub for a wide range of industrial products.
To woo quality investment projects from Europe, Nguyen Thi Huong, general director of the General Statistics Office (GSO), suggested that Vietnam pay closer attention to investors’ requirements in terms of openness, stability, and transparency in the legal system as a way of protecting the legitimate rights and interests of financiers.
In addition, she said Vietnam should prioritise strategic investors involved in global production chains, with a primary focus on high-tech and technology transfer projects./.