The Commercial Law should be revised in line with the current legal system and market, said Nguyen Sinh Nhat Tan, Director of the Department of Legal Affairs under the Ministry of Trade and Industry, at a workshop on October 20 in Ho Chi Minh City. Since 2008, the People’s Courts at all levels have handled more than 81,000 trade-related cases with nearly 65,000 of them settled, according to the Supreme People’s Court. The figure is expected to increase in the coming time, when Vietnam enters free trade agreements, Tan said, adding that the revised law should create a full legal corridor for handling trade disputes. Meanwhile, Prof. Do Van Dai,…
Experience in building Pharmacy Law shared
The Pharmacy Law has helped strengthen State management over pharmacies and ensured the people’s right to quality medicine over its 10 years in existence, but now it needs to be updated, said Deputy Health Minister Pham Le Tuan. Tuan made the statement on October 9 at a workshop where participants shared experience and discussed how to build a better Pharmacy Law to protect patients. The Drug Administration of Vietnam and the European Chamber of Commerce in Vietnam organised the event. According to Tuan, the Ministry of Health recently submitted the 2005 Pharmacy Law to the National Assembly for revision. Experience learnt at the workshop would help complete the amended law,…
Labour confederation calls for higher wages
The Vietnam General Confederation of Labour (VGCL) on October 6 proposed a new minimum wage increase of 14.4 percent for the 2016 year, higher than the 12.4 percent increase decided by the National Wage Council back in September. The confederation stood firm by the argument that the country’s workers were entitled to a minimum wage increase at least equal to the previous year, roughly 14 percent. They said that, especially with positive signs in the economy’s first nine months of this year, wages should reflect next year’s promising outlook. The 14.4 percent increase was also justified by pointing to this year’s 0.5 percent year-on-year increase in GDP growth, projected to…
HCM City in need of manual workers
More manual workers will be recruited over the next three months in HCM City to prepare for the Tet holiday next year, a survey conducted by the Centre for Human Resource Forecast and Labour Information has found. Manual workers comprise 35 percent of the 70,000 employees (about 24,500 people) needed in the year’s fourth quarter. Of the total, 17,000 employees will be needed for October; 20,000 for November and 33,000 for December. Most of the employees will be hired in fields such as sales, services, IT, textile-garment, tourism, and insurance. About 30,000 seasonal jobs, many of them in sales, textile-garment and, hospitality, will also be needed. In the third quarter,…
University graduates face high unemployment
Recent statistics from the Ministry of Labour, Invalids and Social Affairs highlight that the nation has issues to tackle in its development of human resources. Unemployment amongst graduate and post-graduate workers in Vietnam jumped from 162,000 to 178,000 in the first three months of the year. The national unemployment rate is at 2.43 percent, yet workers with college degrees are facing the highest unemployment rate of 7.2 percent. These numbers were mentioned at the Central Institute for Economic Management (CIEM)’s conference held in Hanoi on September 29, where attendees discussed measures to better develop the nation’s human resources. Speaking at the conference, CIEM Deputy Director Nguyen Thi Tue Anh said…