Reducing working time in compliance with modern trends: VGCL

Reducing working time in compliance with modern trends: VGCL

The Vietnam General Confederation of Labour (VGCL) has requested the drafters of the revised Labour Code maintain the proposal to cut working time from 48 hours per week to 44 hours per week.
Proposal to raise pension and allowances from July 1

Proposal to raise pension and allowances from July 1

According to the draft decree adjusting pension and social insurance and monthly allowances of the Ministry of Labour, invalids and Social Affairs, eight groups are subject to pension, and social insurance and monthly allowance adjustments from July 1,2018.
Voices are growing for a fall in securities tax levels.

Voices are growing for a fall in securities tax levels.

Vietnam Association of Financial Investors (VAFI) submitted a securities tax regulation proposal last week, in line with a rallying call from market participants for tax relief.

Foreigners to have their own slice of Vietnam

A new proposal to permit foreigners and foreign organisations to own property in Vietnam is being hailed by investors as a landmark move.Richard Leech, director of the CB Richard Ellis, said the proposal, drawn up by the Ministry of Construction, was a good move for the country.

Giant SOE share offer on the cards

Four equitised SOEs may get the right to sell some of their remaining state-owned shares if the prime minister approves a proposal from the Ministry of Finance.The proposal, Document 4839, suggests Vinamilk, Binh Minh Plastics, Petrolimex chemical company and Petrolimex gas company be permitted to sell an undecided portion of their state-controlled shares.