Vietnam’s ranking dropped by 10 places in the latest Corruptions Perceptions Index, despite its significant efforts in fighting corruption, as it needs to focus on a more comprehensive approach to tackle corruption. Read more to know about its index, regional comparison, and what more needs to be done.
Vietnam has issued new guidelines for the management of medical devices, which will impact foreign manufacturers and suppliers of medical equipment. Read more to know about the changes in classification, registration, and import regulations of medical devices.
Since January 1, 2019, enterprises in Vietnam need to self- inspect for compliance of the labor law. Read more to know about the scope of the inspection, employer obligations, and procedures to conduct the annual inspection.
Last year, investments in Vietnamese startups almost tripled compared to 2017, with domestic investment funds accounting for more than half of the total investments. Read more to know about the major deals, investments funds, and major sectors in the startup market.
With its rich heritage and diverse geography, Vietnam’s tourism industry continues to rank amongst the fastest-growing tourist destinations. However, much more needs to be done, if Vietnam wants to fully realize the potential of the tourism industry. Read more to know about the major destinations, industry revenue, international tourists, government policies, industry challenges, and growth forecast.
Vietnam has increased the minimum wage by 5.3 percent in 2019, its lowest compared to previous years. Read more to know about the regional minimum wages and how rising consumer prices can force further hikes in the near future.
The Voluntary Partnership Agreement between Vietnam and the EU will improve forest management, reduce illegal logging, and increase timber exports value. Read more to know about the agreement and how it will impact trade and forest management in Vietnam.
In 2018, the Vietnamese government passed numerous laws which are going to come into effect in 2019. Read more to know about the new laws primarily focusing on labor, environment protection, administrative procedures, corruption, and sectors such as education, cybersecurity, agriculture, and civil aviation.
Supply chain shifts to Vietnam are gathering momentum, helped by China’s rising labor costs and the US-China trade war. Read more to know about the major industries that are already shifting and why Vietnam features prominently as a manufacturing alternative to China.
In 2018, Vietnam’s economy grew the fastest since 2011 at over seven percent, driven by the rise in domestic demand, investments, and trade. Read more to know about the major sectors, trade figures, investments, and growth forecast for 2019.