Vietnam Market Watch: FDI Inflows, Da Nang Startups, and Aquaculture Exports
Vietnam’s FDI Inflows Rise to US$4.8 Billion in April
FDI disbursed in the first four months of 2017 shows a strong year on year growth with inflows rising to US$4.8 billion, up 3.2 percent from the same period last year for a total of 734 newly registered projects. The total registered and additional capital in the first four months witnessed a jump of 40.5 percent, reaching US$10.95 billion. The growing numbers prove the increasing confidence of foreign investors in the country’s investment climate.
Da Nang Emerging as Southeast Asia’s Next Startup Hub
According to a new JLL report, Da Nang is one of the fastest emerging startup cities in Southeast Asia. Other cities in the region include Penang in Malaysia, Chiang Mai in Thailand, and Bali and Bandung in Indonesia. Driven by low cost, a robust engineering talent pool, and government support, the port city is known for attracting established players in the tech field but increasingly is being sought out by startups looking for a foothold or base of operations in Southeast Asia.
Vietnam’s Aquaculture Exports to Reach US$13 billion by 2020
According to the Vietnam Sea Culture Association, exports of marine aquaculture produce are predicted to reach US$12-13 billion (VND 276-299 trillion) by 2020 and US$30-35 billion (VND 690-805 trillion) by 2030. To achieve their goals, the Ministry of Agriculture and Rural Development (MARD) has approved a project to increase competitiveness in seafood sector with financial support from the State Budget and foreign businesses, to restructure the sector towards improving its value added products.
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An Introduction to Doing Business in Vietnam 2017
An Introduction to Doing Business in Vietnam 2017 will provide readers with an overview of the fundamentals of investing and conducting business in Vietnam. Compiled by Dezan Shira & Associates, a specialist foreign direct investment practice, this guide explains the basics of company establishment, annual compliance, taxation, human resources, payroll, and social insurance in this dynamic country.
Managing Contracts and Severance in Vietnam
In this issue of Vietnam Briefing, we discuss the prevailing state of labor pools in Vietnam and outline key considerations for those seeking to staff and retain workers in the country. We highlight the increasing demand for skilled labor, provide in depth coverage of existing contract options, and showcase severance liabilities that may arise if workers or employers choose to terminate their contracts.
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