Highlights of Business News in Vietnam
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.
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 summarize Key Provivisons of Labor Code in Vietnam: Working Hous, Employment Agreement, Termination…etc.
There were 60.8 domestic tourists in the first half exceeding the 60 million target set for the whole year. Tour guides specializing in serving domestic tourists have been enjoying a lucrative summer after losing more than two years of work to the Covid pandemic.
Foreigners residing in Vietnam can apply for Police Report in Vietnam. In this Article, we will summarize the Steps and Docs Neccessary for Foreigners to Obtain Police Report.
Vietnam has been reopening its borders after more than two years and lifting most Covid restrictions. Foreigners has come back to Visit the Country and here are some tips for Vietnam Evisa Application that foreigners should note to Get Evisa smoothly.
