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.
Vietnam’s retail sales and consumer services grew by 11.7 percent in 2018, driven by the growth in domestic demand and the tourism industry. Read more to know about the major economic activities in the sector and their growth forecast till 2025.
In Vietnam, finding a good distribution partner, which can play an invaluable role in establishing brand recognition, sales channels, and effective distribution networks is a challenging and time-consuming process. Read more to know how to find distribution partners and the business matching service process in Vietnam.
The Vietnamese government has set several socio-economic goals for 2019 focusing on economic growth, inflation control, trade, and investment. Read more to know about the 2019 goals and how it compares to the 2018 government targets.
Hiring mid-level managers, who play a crucial role in various functions in an organization, is a major challenge for investors. Read more to know about the drivers of turnover and employee retention policies in Vietnam.
This article outlines Vietnam’s official public holidays in 2019, announced by Vietnam’s Ministry of Labour, Invalids and Social Affairs.