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The current calculation of minimum living standards on which the nation’s minimum wage is based is not appropriate. Officials and experts agree this should be done by an independent agency. The concept of “minimum living standard”, which was legislated in 2012, is an important basis for calculating the minimum wage. …

Nearly 209,000 Vietnamese chose to exit the social insurance scheme in the first three months of the year and take a one-time withdrawal, up 1 percent from a year ago. HCMC alone had more than 37,000 people applying for the lump sum payout, an increase of about 19 percent over …

Many European and Asian headquartered multinational giants are rushing to invest in Vietnam’s industrial parks to start new production or expand operations, showcasing confidence in the country’s growth potential. At the end of the first quarter, German lubrication giant Fuchs Petrolub announced the expansion of its Vietnam operations, renting a …