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August 23

Released at: 13:30, 23/08/2017 PRESS WATCH

August 23

VET's round-up of news from Vietnamese media for August 23.

Minimum wage increase for 2018 proposed

The Ministry of Labor, Invalids and Social Affairs is drafting a minimum salary decree to take effect from January 1, 2018. It proposes that the minimum salary be VND3.98 million ($175) per month in Region I, VND3.53 million ($155) in Region II, VND3.09 million ($136) in Region III, and VND2.76 million ($121) in Region IV.

2,000 business conditions need removing

The Ministry of Planning and Investment has suggested the government remove over 2,000 business conditions. All or part of 302 financial conditions, all 85 location conditions, all 1,336 manufacturing capacity conditions, 127 business method conditions, and 80 planning conditions, among others, should be removed, the ministry said. As its review does not include standards containing business conditions, 2,000 is not the final number.

Vietnam & Australia commit to long-term agriculture cooperation

The Ministry of Agriculture and Rural Development and the Australian Centre for International Agricultural Research (ACIAR) have agreed to a ten-year cooperation strategy for the 2017-2027 period. There are six key features in the strategy: food safety, climate change, improving soil quality and crop nutrition, strengthening market connections, increasing the value of forestry products, and focusing on aquaculture.

State to divest from 406 enterprises by 2020

Deputy Prime Minister Vuong Dinh Hue has approved a list of 406 enterprises in which the State will fully divest its capital or retain a certain holding in the 2017-2020 period. Divestment will be made from 135 enterprises this year, 181 next year, 62 in 2019, and 28 in 2020.

Vietnam & Indonesia cooperate in education

The Vietnamese Government has issued Decree No. 81/NQ-CP and signed a memorandum of understanding (MoU) between Vietnam and Indonesia on education cooperation. The MoU was signed on August 22 during the visit to Indonesia by Party General Secretary Nguyen Phu Trong.

Quang Ninh revokes three projects in Ha Long city

The Quang Ninh Provincial People’s Committee has revoked three projects in Ha Long city: a construction project for the infrastructure business of the Quang Ninh Young Business Leaders JSC in a new urban area in Cao Xanh ward, the Residence No. 5 project in Ha Khanh ward of the Thanh Thang Investment and Construction JSC, and a community living project for extra-curricular activities for children at Ha Long International Kindergarten of the Thuy Linh JSC.

Over 90% workers don’t want higher retirement age

More than 90 per cent of workers don’t want to see an increase in the retirement age, according to a survey conducted by the Institute of Workers and Trade Unions. The survey revealed that workers believe that they have fulfilled their responsibilities in paying social insurance, and that balancing the insurance budget is the responsibility of the State’s social insurance agency. As at the end of June, there were 13.17 million people paying compulsory social insurance, up 6.8 per cent year-on-year, and 241,000 people participating in voluntary social insurance, up 25.8 per cent. Every year, however, some 600,000 people cease paying social insurance, which isn’t being offset by these annual increases.

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