Showing posts with label million million. Show all posts
Showing posts with label million million. Show all posts

Tuesday, December 28, 2010

Firms urged to exceed new minimum wage

HCM CITY — Non-State companies and organisations should pay higher salaries than the new minimum wage set by the Government so that workers can meet their daily expenses, a HCM City official said.

Nguyen Thi Dan, head of the Department of Labour, Invalids, Social Affairs' Labour and Salary Office, said the cost of food and accommodation has been increasing relentlessly while the increase in minimum wage has not kept up.

The minimum salary for trained workers should be higher than the base levels by at least 7 per cent, and 12 per cent if they work in hazardous places.

The Government has also made changes to the wage zones (which are classified on a descending scale of 1 to 4), mostly in the south, following petitions that localities with the same cost of living are classified in different zones based just on location.

Under the new dispensation, foreign-owned businesses have to increase minimum salary from VND1 million-1.34 million to VND1.1 million–1.55 million per month, depending on the zone.

At domestic businesses and organisations, the wages have risen from VND730,000 – VND980,000 to VND830,000-VND1.35 million. — VNS

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Saturday, November 13, 2010

Goods counterfeiters face heavier fines

Any organisation or individual that violates intellectual property rights will be fined from 2 million VND to 500 million VND (100-25,000 USD), according to a new decree that will take effect on November 9.

Intellectual-property rights violations include the act of selling, advertising, transporting, storing and displaying products for sale that are fake or are imitations of other trademarks.

Other violations include taking advantage of, or using products that violate the invention copyright, or using beneficial solutions or products made from the process that violates the invention copyright.

Companies and individuals will be fined between 10 million VND and 30 million VND for those who violate business confidentiality rights and for causing misunderstanding about business identity, business models and origin of the products through many means of business communications like advertisements or business documents.

Fines of between 1 million VND and 3 million VND will be charged for those who fail to follow inspection requests from relevant authorities about intellectual rights, such as refusing to agree to an inspection or fine imposed by inspection teams without any reason, or failing to provide sufficient or accurate information necessary for inspection and punishment.

The new decree will replace the old one that took effect on September 22, 2006./.

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