There are highlights in the third week of Sep24: Rise of ‘streaming superstars’ in Vietnam’s e-commerce battleground; Property Tycoon Truong My Lan back in court, this time for $1.2B bond fraud; Iphone 16 and average income of Vietnamese; and the last news about Vietnam stock market.
In the second week of Sep2024, the north Vietnam has had terrifying experiences of typhoon, flood and landslide. Below are the highlights of Business News in this week: Foreign trade of Vietnam expected to set new record in 2024; Banks reduce interest rates, offer new loans for customers affected by Typhoon Yagi; The exchange rate Dollar against Vietnam Dong continues to slip; VN-Index decreases as global stocks gain.
There are highlights of business news in the first week of September 2024: SpaceX is ready to invest and offer internet services in Vietnam; Vietnam ranks 49th out of 89 economies about real estate transparency; Gojek to withdraw from Vietnam in mid-September; Vietnam’s CPI in August stayed almost unchanged; Blue-chip stocks help lift VN-Index.
The food and beverage (F&B) sector in Vietnam saw the closure of more than 30,000 businesses in Jan-June that was reported on 31Aug2024 by iPos, a platform that provides management solutions for over 100,000 restaurant and café businesses. Meanwhile the number of new store openings remained modest during the first six months of the year.
Vietnam’s 5% broken rice is currently being traded at $575 per ton, which is $14 and $34 higher per ton than Thailand’s and Pakistan’s, respectively.
The six leading economies in Southeast Asia, including Vietnam, the Philippines, Indonesia, Malaysia, Thailand, and Singapore, are projected to grow at an average annual rate of 5.1% over the next decade. Specifically, the report forecast Vietnam, Indonesia, and the Philippines to be the faster-growing countries, with Vietnam continuing to stay ahead.
On 18September 2023, No. Decree 70/2023/ND-CP came into effect that amends Decree 152/2020/ND- CP born in December 2020. Both regulate on legal issues relating to foreigners working in Vietnam and work permit application and issuance. In this article, our team reviews 6 amendments of the new Decree.
Vietnam is ranked as the fifth most open economy in Asia out of 37 nations evaluated by Fitch Solutions According to Vietnam Trade & Investment Risk Report.
Currently, all issues relating to HR and Payroll in Vietnam is regulated by Labor Codes 2019 came into effect on 1st Jan2021. Under the law, there is also a system of implementation guidance including resolutions, decrees, circulars, official letters…etc. In this article, we continue to summarize Key Provivisons of Labor Code in Vietnam.
