Japan continues to be largest market of Vietnamese workers
Japan remained the largest market for Vietnamese guest workers in the first nine months of 2019, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs (MoLISA).
Vietnamese workers learn Japanese before working in Japan. (Photo: VNA)
Hanoi (VNA) – Japan remained thelargest market for Vietnamese guest workers in the first nine months of 2019,according to the Department of Overseas Labour under the Ministry of Labour,Invalids and Social Affairs (MoLISA).
In January-September, the total number ofVietnamese employees working abroad was 104,615, including 35,815 femaleworkers, reaching 87.2 percent of the yearly target.
Japan received the largest number of Vietnameseworkers with 53,610, including 20,250 females, followed by China’s Taiwan41,174, the Republic of Korea 5,898, Romania 1,103, Saudi Arabia 817, Macau324, and Malaysia 304.
Deputy head of the Department of Overseas LabourNguyen Gia Liem said Taiwan and Japan are traditional labour export markets ofVietnam.
Japan is the most potential at present thanks togood wages and numerous opportunities for skilled workers, he added.
In 2018, close to 70,000 Vietnamese workers wentto work in Japan. Currently, nearly 200,000 are working in the East Asiancountry.
Japan has demands for over 345,000 foreignworkers in various fields such as caregiving for the elderly, hotel reception,electricity, car repair and maintenance, aviation logistics, restaurant,construction, shipbuilding and agriculture./.
Japanese enterprises are competing to attract Vietnamese workers who used to work in the country as interns after the ‘specified skills visa’ policy was launched on April 1, The Yomiuri Shimbun reported in its July 8 issue.
The Embassy of Japan in Vietnam held a workshop in Hanoi on July 23 to provide information on the country’s new specified skills residency status for Vietnamese workers who want to work in Japan.
Taiwan (China) and Japan are expected to remain the top destinations for Vietnamese workers this year with 90 percent of all overseas employees working there.
Up to 70 percent of Japanese businesses want to expand investment in Vietnam, especially in agriculture, a recent survey conducted by the Japan External Trade Organisation (JETRO) showed.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.