Vietnam Business News

Highlights of Business News in Vietnam

Vietnam records at least 30,000 F&B store closures in the first half of 2024

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.

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Vietnam among Southeast Asia’s fastest-growing economies next decade

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.

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HR in Vietnam

HR IN VIETNAM: Key Provisions of Labor Codes( Part 1)

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.

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