the-shiv

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Day: August 6, 2024

Vietnam’s Finance Industry: Overview 2025

the-shiv August 6, 2024

Vietnam’s financial sector accounted for about 4.09 percent of Vietnam’s GDP in 2023 this was down from 4.76 percent in 2022. From banking to insurance to bonds to stocks financial services and financial products have expanded rapidly in the last decade. There is, however, lots of room for the sector to grow and tangents still to develop.

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Public Holidays in Vietnam 2025 for Foreign Firms

the-shiv August 6, 2024

Like most countries in the world, Vietnam has a number of public holidays. These are codified in the Labour Code 2019 under Chapter 7, Section 2, Article 112.  This cheat sheet provides an overview of Vietnam’s public holidays including their length and the dates they fall on in 2025. For details regarding overtime rates and other leave entitlements that may apply on these public holidays see Vietnam’s Labour Code for Foreign Firms in 2025.

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Vietnamese dong undervalued by 33.3 percent: Economist Big Mac index

the-shiv August 6, 2024

Of note, since the start of the year, the Vietnamese dong has only devalued against the US dollar by about 4.5 percent since January 1. This has been on the back of efforts by the State Bank to keep the local currency from devaluing further against the US dollar by issuing treasury bills and burning through its US dollar and gold reserves…

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Former head of Vietnam’s FLC Group sentenced to 21 years in jail for fraud

the-shiv August 6, 2024

Prior to Quyet’s arrest, FLC had been a major real estate developer in Vietnam. The company had properties all over Vietnam as well as an airline–Bamboo Airways–with Quyet at one point reportedly a US dollar billionaire. Well known in Vietnam–idolised by some for his business savvy–his arrest drew a lot of media coverage and his trial has too.

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