Total Workforce Index 2020 has identified the top five markets globally for cost efficiency: the Philippines, Croatia, Morocco, Vietnam and Thailand. Photo ManpowerGroup
HCM City, (VNS/VNA)🎐 — The US, New Zealand and Canada are the mostattractive countries for employer investment based on 200factors that evaluated skills availability, cost efficiency,regulation and productivity, while Vietnam is among the top fivein cost efficiency, according to ManpowerGroup TalentSolutions’ Total Workforce Index (TWI).
The annual TWIreport combined Big Data with expert analysis to identify theworkforce engagement potential of 76 markets. New Zealand, HongKong, Singapore, Japan and the Republic of Korea were ranked as thetop markets in the Asia-Pacific region, according to the report.Singapore and Hong Kong ranked highly for workforce productivity. The TWI alsoidentified the top five markets globally for cost efficiency: thePhilippines, Croatia, Morocco, Vietnam and Thailand. These markets are drivenby favourable country dynamics, such as cost of labour and regulations. The average Vietnamesemonthly wage was 321 USD a month in 2020, up by 32.6 percent comparedto the year earlier, while the regional average was 1,835 USD a month. In an increasingly complexglobal market, access to skilled talent is a top priority for organisationslooking to build or grow their business. For this year’sanalysis, ManpowerGroup Talent Solutions took a deeper look at talentavailability, comparing the percentage of remote-ready workforces indifferent markets and exploring the availability of cybersecurity resources. IT skills, particularlythose that support remote work such as cybersecurity, continue to be in demand,along with an ongoing need for medical, operations and logistics skillsand roles that are deemed essential. /.
Vietnam continues to be a very attractive destination for investment despite, or perhaps because of, everything that is happening in the world, experts from investment management firm VinaCapital have said.
Vietnam has joined the ranks of countries in the world with high human development, but this remarkable progress has been accompanied with relatively high pressures on the planet.
If the sex ratio at birth remains unchanged, Vietnam is likely to record an excess of 1.5 million males aged 15-49 by 2034 and 2.5 million by 2059, an in-depth study of the 2019 population and housing census reveals.
The United Nations Industrial Development Organization (UNIDO) recorded Vietnam climbing two places in its Competitive Industrial Performance (CIP) Index as part of its recent report.
Prime Minister Nguyen Xuan Phuc has said that improving workers’ lives and working conditions is an important and urgent task of the Party, State, entire political system and society, in which trade unions play a major role.
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.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Total Workforce Index 2020 has identified the top five markets globally for cost efficiency: the Philippines, Croatia, Morocco, Vietnam and Thailand. Photo ManpowerGroup 
