If you are a salaried person, it is important to make sure you nominate the right beneficiaries for your gratuity proceeds. Usually, gratuity is payable to an employee if he/she leaves an organisation after the completion of five years of continuous service. However, in case of a death of an employee, the gratuity amount will be payable to the nominee irrespective of whether the five years have been completed or not. Here is a look at what the law states about, who can be nominated in case of gratuity, how the nomination must be made and when a nominee will…
Author: Miley Selena
Vietnam records 2,775 more domestic Covid-19 patients Wednesday morning. The border province of Ha Giang for the first time in this wave has recorded community infections. More than 4.33 million people have been vaccinated against the novel coronavirus but only 317,672 have received two doses. The infection tally of Vietnam’s new Covid-19 wave rose to 61,889 cases Wednesday morning with 2,775 new cases added in 23 cities and provinces, Health Ministry reported. Among the new patients, HCMC accounted for 1,739, followed by its neighboring provinces of Binh Duong (657) and Dong Nai (85). The rest were recorded in Tien Giang…
Vietnam Airlines is the most popular brand in the country, according to new data from YouGov. The national flag carrier secured the top spot in a major nationwide poll of Vietnamese consumers, who were asked to rank their ‘most recommended’ brands. Despite many people being grounded due to the pandemic, Vietnam Airlines tops the list with a score of +89.2. This score is generated from the percentage of customers who would recommend the company to their family and friends. Vietnam Airlines is one of four local brands to appear in the top ten, indicating that Vietnamese consumers are more likely…
At the end of the first half of 2021, Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) witnessed impressive performance with a consolidated pre-tax profit of nearly VND 1,557 billion, increasing by 2.3 times year-over-year and almost equaling 2020’s year-end profit. The Bank’s Total Assets reached VND 186,934 billion; Net Profit rose to VND 2,430 billion, up by 182%; Net Income from services increased sharply to VND 469.2 billion, up by 311%; the CIR stood at 38.3% compared to 52.1% year-over-year; the NPL ratio continued to decrease from 1.86% (2020) to 1.76% (2021). In the face of the COVID-19’s…
Vietnam Railways added a new rail freight link from Vietnam to Belgium, with the first train departing from Yen Vien station, Hanoi, and expected to arrive at Liege City in Belgium. During its journey, the train will stop at Zhenzhou city of China’s Henan province and connect to the Asia-Europe train to reach its destination. Visit Vietnam Insider’s homepage for more stories. Vietnam Railways (VNR) on July 20 added a new rail freight link from Vietnam to Belgium, with the first train departing from Yen Vien station, Hanoi, and expected to arrive at Liege City in Belgium. VNR said the…
The functional forces also asked Thanh to stop issuing ready-to-fill permit forms to his employees and withdraw already-issued ones Visit Vietnam Insider’s homepage for more stories A director of a cooperative in Ho Chi Minh City has been slapped with a fine of VND7.5 million (US$326) for issuing a permit to help his daughter dishonestly pass COVID-19 checkpoints. The penalty was concluded at a working session on Monday between officers of Phu Nhuan District and Nguyen Dang Thanh, director at Phu Nhuan Environmental Cooperative, and his daughter, N.N.A.X.P. According to Thanh, he recently asked P. to support him in dealing…
HCM City authorities have set up a team that helps to regulate and transfer serious Covid-19 patients on July 20 as many have experienced suddenly worsened health. The team has 15 members including 115 Emergency Centre and the Department of Health. The number of patients at the local hospitals has reached 35,295 and has continued to rise. Even though more people have been cured and discharged, there are also many people suddenly falling into critical condition and should be transferred to hospitals with better equipment and expertise. According to the Department of Health, 38 hospitals are treating Covid-19 patients at…
Oxygen production facilities in Vietnam could produce 1,300 tons a day and double their capacity if needed, according to the health ministry and several businesses. More stories at Vietnam Insider’s homepage. Nguyen Van Phuong, production director of Messer Vietnam Industrial Gases in the southern province of Binh Duong, on Monday said the firm had recognized oxygen production to be an “especially important field whose supply chains need to be protected,” even before the coronavirus situation became as complex as it is today. In anticipation, the company began to stockpile oxygen while improving its production system and deploying Covid-19 control measures…
Vietnam’s benchmark VN-Index shot up 2.39 percent to 1,273.29 points Tuesday, the largest gain in nine sessions, driven by Hoa Phat Group, Vietcombank and Vinhomes tickers. More stories at Vietnam Insider’s homepage. The index was in the red most of the morning and dipped to 1,225 points but then recovered in the afternoon to close with a near 30-point gain. This partly made up for the 56-point plunge Monday. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 18 percent to VND17.9 trillion ($778.7 million). The bourse saw 281 tickers gain and…
Vietnam has been named among world’s top 20 host economies for FDI for first time with an inflow of 16 billion USD. The country was up five places against last year’s ranking to reach 19th on the list, according to UN Conference on Trade and Development (UNCTAD)’s World Investment Report 2021. While global FDI flows fell by 35 percent to 1 trillion USD amid the COVID-19 pandemic, the lowest level since 2005 and almost 20 percent lower than the 2009 trough after the global financial crisis, the FDI in Southeast Asia, considered an engine of global FDI growth for the…