Vietnam Labor Laws - Vietnam Guide | Doing Business in Vietnam
In this regard, Vietnam approved an amended Labor Code, which came into effect in January 2021. The amendment to the labor regulations is a step towards aligning with international labor standards, particularly as Vietnam integrates into the world economy, as noted by the International Labor Organization (ILO).. Companies doing business in Vietnam must ensure they follow the provisions of the ...
Social Insurance in Vietnam
Employees will have to pay an eight percent rate, while employers contribute 17.5 percent to the social insurance fund. As with Vietnamese employees, the mandatory social insurance scheme for foreign employees covers sickness, maternity, occupational diseases, accidents, retirement, and death. Social insurance was made mandatory for all working ...
Samsung Factories in Vietnam: Where They are and Why
Feb 8, 2023 · According to Samsung’s Supplier List 2022, which covers 80 percent of Samsung’s manufactured goods, the electronics giant had 28 factories producing electronics in Vietnam across 11 provinces. The bulk were concentrated in Vietnam’s north with 25 factories. The remaining three were located in southern Vietnam.
Investing in the Logistics Sector in Vietnam: A Brief Guide
Sep 16, 2024 · According to a GII Research report, the freight and logistics market in Vietnam is projected to grow from US$48.38 billion in 2024 to US$65.34 billion by 2029, with a compound annual growth rate (CAGR) of 6.19 percent. Sea and inland waterway transport, bolstered by Vietnam’s extensive coastline, is also in fast-growth mode.
Vietnam Economy in H1 2024: Strong Performance in Key Indicators
Jul 15, 2024 · According to the GSO, Vietnam experienced a 6.42 percent growth in gross domestic product (GDP) year-on-year in H1 2024, slightly lower than the 6.58 percent reported during the same period in 2022. The GSO attributed Vietnam’s strong economic performance to the resilience of the global economy despite uncertainties and volatilities.
Why Vietnam’s Infrastructure is Crucial for Economic Growth
Sep 9, 2022 · According to the most recent World Bank report, Vietnam is positioned 47 th out of 160 countries in infrastructure rankings and 103 rd in road quality as per the World Economic Forum’s ranking. As FDI pours into Vietnam, along with the government’s determination to implement Industry 4.0, the current state of infrastructure is unable to keep up.
Vietnam CIT Incentives for Software Production, High-Tech …
Sep 10, 2024 · Vietnam offers targeted Corporate Income Tax (CIT) incentives for both software production and high-tech companies to boost technological advancement. Software production benefits include preferential tax rates and exemptions, while high-tech enterprises can access broader incentives like tax holidays and financial support under Decree 13.
Vietnam’s State of the Economy: Q1 2024 Report
Apr 3, 2024 · Vietnam’s economy saw GDP y-o-y growth at 5.66% and an FDI uptick at 13.4% (as of March 20) in the January-March quarter of 2024 (Q1 2024). According to the General Statistics Office (GSO), Vietnam’s gross domestic product (GDP) grew by 5.66 percent in the first quarter of this year (Q1 2024) – January to March, marking the highest ...
Why Cambodia’s Funan Techo Canal Project is Worrying Vietnam
Apr 9, 2024 · Despite the positive outcomes predicted by the Cambodian government, the Funan Techo Canal project that will establish a waterway linking Phnom Penh to its coastal province Kep, has prompted socioeconomic, political, and environmental concerns from Vietnam, which stands to be the country that will be affected most by the project.
Vietnam FDI Tracker: Most Recent Data July 2023
Aug 10, 2023 · Vietnam’s Ministry of Planning and Investment has released its July 2023 report on foreign direct investment (FDI). Here’s how Vietnam’s FDI sector is faring. Registered capital from foreign direct investment in Vietnam was just over US$2.8 billion in July bringing the total for the year to just over US$16.2 billion.