Vietnam has proposed to increase the minimum wage by 5.3 percent in 2019, its lowest compared to previous years. Read more to know about the proposed minimum wages and how rising consumer prices will force further hikes in the near future.
Vietnam jumped 25 spots in the World Banks’s recent Logistics Performance Index, ranking 39th among 160 countries and 3rd among ASEAN member states. Read more to know the improved indicators and areas where it needs to focus to increase trade competitiveness.
Ba Ria – Vung Tau is one of the major economies and investment destinations in the country. The region serves as a major industrial hub and trade gateway due to its numerous industrial parks, deep-water seaport, and numerous foreign-invested manufacturing companies. Read more to know about its economic growth, foreign investments, infrastructure, and priority sectors.
Vietnam has tightened the multi-level marketing regulations to minimize fraudulent activities, protect the rights of participants, and increase oversight. Read more to know about the new regulations for conducting multi-level sales.
Registration of technology transfer agreements has been made mandatory since July 1, 2018, which will enable government authorities to keep a track of all transfers. Read more to know about the registration procedures, fees, and types of transfer.
To stay relevant, companies need to focus on the evolving consumer preferences in the snack market, the fastest growing segment in Vietnam’s food market. Read more to know about the market, consumer preferences, and trends.
Vietnam’s strategic location and participation in the EU Vietnam FTA will continue to drive trade and investments between Vietnam and Italy. Read more to know about their bilateral trade, investments, and opportunities for Italian firms.
According to a recent survey, European firms continue to remain optimistic about Vietnam’s business environment as well as the EU-Vietnam Free Trade Agreement (EVFTA) which will come into effect in 2019. Read more to know about their responses on the current business environment and plans going forward.
The new proposed changes in the aviation sector will further open up the market for foreign investors, leading to higher competition and reduced fares. Read more to know about the changes in minimum capital requirements and ownership limits.
The government is focusing on attracting high-quality FDI in the period 2020-2030 to retain its export competitiveness and achieve a sustainable growth. Read more to know about the importance of FDI in the economy and recommendations put forth by the government.