February 22, 2025

Korean firms contribute US$1.25 billion to Vietnam January FDI tally

In January, Korean firms added a total of US$1.25 billion in foreign direct investment (FDI) in Vietnam as well as 30 new projects, according to data from Vietnam’s Ministry of Planning and Investment. This marks a decrease of US$1.91 billion compared to December, which saw US$3.17 billion in registered capital with 42 new projects.

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Calls for 7 percent minimum wage hike in Vietnam in 2025

Ha Minh Vi, the Permanent Vice Chairman of the Trade Union of Industrial Zones in Bac Giang province, has told reporters that he would like to see the minimum wage in Vietnam increase by 7 percent this year. This comes amid reports the Ministry of Labor, Invalids and Social Affairs is preparing to conduct a wages survey to use as a basis for discussing the next minimum wage adjustment.

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New dog racing track approved for south-central Vietnam

Deputy Prime Minister Nguyen Hoa Binh has signed off on a dog racing track project in Vietnam’s Lam Dong province. A licence to operate a bookmaking service, however, has not been approved with developers advised to apply when the track is complete, VietnamNet is reporting.

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Russian tourist arrivals in Vietnam surge in January

Vietnam welcomed 42,515 tourists from Russia in January, accounting for 2.1 percent of total international arrivals, according to Vietnam’s General Department of Tourism. This marks a 49.1 percent increase from December and a significant 116.8 percent rise year-on-year.

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