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A mandatory 14th-month bonus is paid at the end of the year; both are equal to one month's salary. Honduras: paid in December. A mandatory 14th-month bonus is paid in July; both equal one month's salary. Nicaragua: one month's salary, paid by 10 December; Panama: paid in three equal parts on 15 April 15 August, and 15 December; Peru: paid in ...
In light of the Đổi Mới (market reforms) adopted by Vietnam beginning on 18 December 1986 and the collapse of the Eastern Bloc, Vietnam adopted a new constitution in April 1992. The 1992 constitution adopted a "socialist oriented market economy", which allowed the development of private economic sectors, but it largely retained the ...
The minimum wage set by the government for 2024 is $460 per month without social benefits. Workers receive mandatory 13th and 14th salaries, paid vacations and reserve funds equal to an additional salary after one year of continuous work. [87] 7,130: 11,688. 40 3.43: 5.62. 104 % 1 Jan 2024 Egypt
Anhao Paper Factory, 1961. South Vietnam had a small industrial sector and fell far behind other countries in the region in this respect. [1] Output increased 2.5 to 3 times over the 20 years of the country's existence, but the share in total GDP remained at only around 10%, even dropping to 6% in some years, while the economy was dominated by strong agricultural and service sectors. [1]
GDP per capita development in Vietnam. The economy of Vietnam is a developing mixed socialist-oriented market economy. [3] It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.
The Ministry of Finance (MOF, Vietnamese: Bộ Tài chính) is the government ministry responsible for the finances of Vietnam, including managing the national budget, tax revenue, state assets, national financial reserves and the finances of state corporations.
The General Statistics Office of Vietnam (GSO; Vietnamese: Tổng cục Thống kê, lit. 'General Department of Statistics') [3] [a] is an office serves under the Ministry of Planning and Investment (MPI) realizing the function as an adviser for the MPI Minister in state management for statistics; conducting statistical activities and providing social and economic information to organizations ...
It also programs and plans economic management mechanisms and policies for the national economy, for specific sectors as well as for domestic and foreign investments. Foreign investment in Vietnam is governed under the Law on Foreign Investment and its related regulations, decrees and circulars. The four main types of foreign investments in ...