Pilots’ salaries would be reduced to VND77 million ($3,315) on average, and flight attendants’ to VND13.8 million, the carrier said in a document ahead of its annual general meeting scheduled for August 10.

Vietnam Airlines' pilots at Hanoi's Noi Bai International Airport, August 2020.

It has 945 pilots, 130 of them foreigners. The salary cuts are part of its efforts to reduce costs as the pandemic decimates travel demand.

It expects this year’s loss to be around VND15.2 trillion ($654.4 million) on revenues of only VND55.7 trillion. It reported a loss of VND6.64 trillion for the first half.

All international flights have been banned since March and domestic flights were limited during the social distancing period in April.

The airline expects the second half of the year to remain challenging since the global aviation industry's recovery depends on control of the pandemic, vaccines and travel restrictions by countries.

It is also set to seek shareholders’ approval of the sale of nine A321 CEO aircraft from its fleet. It will not pay dividends for 2019.

The airline has asked the government for an urgent VND12 trillion ($520 million) bailout, claiming it would otherwise be in a very difficult situation by the end of August.

Ministry proposes basic salary hike for civil servants

Civil servants, public employees and members of the armed forces will be likely to enjoy a new basic salary from July 1, 2020.

Vietnam leads Southeast Asia in salary growth

Vietnam leads Southeast Asia in terms of salary growth with a 5.1 percent increase expected in 2020, according to a report by ECA International.

Jobs created for 80,000 workers in two months

After two-month implementation of the ‘Viec lam trao tay – Danh bay Covid-19’ project on creating jobs for workers to fight against the Covid-19 pandemic, 500,000 job opportunities were offered by 50,000 enterprises, helping approximately 80,000 workers to find new jobs amid the pandemic.

Le Hong Van gives up thousand-dollar job to start business with dry pancake

(BGO) - Quitting a thousand-dollar job, Le Hong Van (born in 1988) in Tang Tien commune (Viet Yen district) has come back to her hometown to start a business. Currently, Joy Vietnam Co., Ltd., owned by Van, is producing thousands of dry pancakes every day. The products are available in many clean food chains and major supermarkets in Hanoi and some northern provinces.

Vietnamese enterprise in Cambodia creates stable jobs for 3,500 locals

THADI Agriculture Farming Processing & Distribution JSC, a subsidiary of Vietnamese Truong Hai Auto Corporation (Thaco), has created jobs for approximately 3,500 Cambodian people.

Source: VnExpress