Cambodia has decided to raise the minimum wage for workers in the textiles and footwear industries to 190 USD per month, an increase of 4.4 percent, from next year.
Ho Chi Minh City is keen to cooperate with European businesses in building a smart city, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen has said.
Vietnam and the European Union (EU) last week signed a landmark free trade deal that will slash tariffs on almost all goods, including wood and timber products.
The EU-Vietnam Free Trade Agreement (EVFTA) is expected to put pressure on Vietnamese enterprises to increase their competitiveness in order to make inroads into the European market.
The European Union-Vietnam Free Trade Agreement will help increase the competitiveness of Vietnam as well local enterprises and commodities, said Pham Tat Thang, a senior researcher at the Vietnam Trade Research Institute.
Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung paid a working visit to the EU and Belgium on June 20-21 to speed up the signing of the EU-Vietnam free trade agreement.