Log in
Econ

Vietnam reaffirms labor commitments to facilitate EVFTA signing

The revised Labor Code, which is on track for National Assembly’s ratification in 2019, would be integrated with core conventions of the International Labor Organization and Vietnam’s international commitments on labor.

Vietnam is making more steps to fulfil its commitments regarding the implementation of core conventions under the International Labor Organization (ILO), according to Dao Ngoc Dung, minister of Labor, Invalids and Social Affairs (MOLISA). 
 
Illustrative photo.
Illustrative photo.
Dung made the statement during his trip to the EU and Belgium last week to facilitate the signing of EU – Vietnam Free Trade Agreement (EVFTA), Vietnam News Agency reported. 

During his two-working days in Brussels, Dung had meetings with Vice President of the European Commission responsible for Jobs, Growth, Investment and Competitiveness Jyrki Katainen, EU Trade Commissioner Cecilia Malmstrom, Chairman of the Committee on International Trade under European Parliament Bernd Lange, Director General of Employment, Social Affairs and Inclusion Joost Korte, and Belgium’s Deputy Prime Minister and Minister of Economy and Employment Kris Peeters. 

Dung’s meetings with key figures in EU were focused on Vietnam’s labor commitments in the chapter of Trade and Sustainable Development under the EVFTA, which is a key point that both parties must resolve before the signing and ratification of the deal. 

Dung informed that the National Assembly (NA) of Vietnam ratified the ILO convention No.98 on June 14, while the government is expected to submit to the NA two other ILO conventions, No. 105 and 87 in 2020 and 2023. 

Dung said under the NA’s Resolution No.57, the revised Labor Code, which is on track for NA’s ratification in 2019, would be integrated with ILO’s core conventions and Vietnam’s international commitments on labor. 

Vietnam gives priority to sustainable development and inclusive growth, Dung stated, adding the government puts the people at the center and being the main beneficiary of the economic development process.

The EU and Belgian officials highly regarded Vietnam’s efforts, especially the ratification of ILO’s convention No.98 and the revising of the Labor Code. 

The European Council is scheduled to hold a meeting on June 25 and authorize the European Commission to sign the EVFTA with Vietnam at the soonest time possible. 
Reactions:
Share:
Trending
Most Viewed
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.