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How to Open a Hotel in Vietnam: Ultimate Guide 2024
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How to Form a Company in Vietnam: Technical Guide 2024
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Vietnam’s Imports and Exports, March 2024: Snapshot
Vietnam’s Imports and Exports, February 2024: Snapshot
Snapshot: Manufacturing in Vietnam, February 2024
Vietnam’s Economy, February 2024: Snapshot
Snapshot: Manufacturing in Vietnam, January 2024
Vietnam’s Stock Market, January 2024: Snapshot
Vietnam’s Economy, January 2023: Snapshot
Snapshot: Manufacturing in Vietnam, December 2023
Vietnam’s Stock Market, December 2023: Snapshot
Vietnam’s Economy, December 2023: Snapshot
Snapshot: Manufacturing in Vietnam, November 2023
Snapshot: Vietnam’s Coffee Industry, November 2023
Vietnam’s Economy, November 2023: Snapshot
Vietnam’s Stock Market, November 2023: Snapshot
Vietnam’s Financial Sector: An Overview 2024
Snapshot: Vietnam’s Coffee Industry, October 2023
Industry is the cornerstone of most economies around the world. In Vietnam industry has grown rapidly and continues to grow at an exponential pace. This is inline with rising wages that are driving demand for all manner of goods.
This section covers industries including: aviation, manufacturing, and real estate.
Among the key regulations this change will see come into force early are adjustments to the Law on Land that will remove land pricing regulations that see a price set every five years based with which, using their own coefficients, local governments determine the price of land. With land values increasing faster than the centrally set price and, believing their land to be worth more, landowners had in the past refused to sell waiting for a better price and this has held up a number of projects.
This article is sponsored by: your business here (learn more) Vietnam is in the midst of a trade boom. Goods are flowing in and out of Vietnam to the tune of billions of dollars every day. Not only is there a growing consumer market that is buying up all manner
This is another positive sign for corporate bond issuances after a slow start to the year–there were just VND 5.96 trillion or US$242 million of corporate bonds issued in the first two months of 2024.
This will be welcome news for Vietnam’s minimum wage workers with no minimum wage hike last year despite inflation floating around 4 percent. The Vietnam General Confederation of Labor had been pushing for between 6.48 percent and 7.3 percent with the Vietnam Chamber of Commerce and Industry, a peak business representative body, pushing for between 4.5 and 5 percent. Vietnam’s National Wage Council, which makes recommendations to the ministry, looks to have essentially split the difference.
Of note, these delays in project approvals seem to be mostly in infrastructure projects and aid programs. New projects in the manufacturing and processing industry have continued to move forward without any more delays than is typical–critical to Vietnam’s economic development, investigating corruption in the industry could discourage further foreign direct investment.
The rising price of airfares in Vietnam has been in the news a lot lately. A review of airline ticket prices by the Vietnam Aviation Administration, however, after conducting a brief investigation, earlier this year, found that airfares prices have been within the current guidelines–in Vietnam airfares are regulated by the government.
This hearing should just about cap off contributions from the parties involved with the Department of Commerce now set to deliberate with a report due July 26.
Of note the exchange said that the KRX trading system, imported from South Korea, would go live on May 2, however, this was promptly shut down by the State Securities Commission on the grounds that the exchange had failed to provide evidence trading firms were ready for the new system and because it hasn’t consulted all relevant stakeholders.
Truong Thi Mai who was, until yesterday, the Standing Secretary of the Secretariat, has resigned her position. This was after it was revealed there were ‘violations and shortcomings’ in her work. Resignations among Vietnam’s leadership have become common of late with the president resigning in March and the Chariman of
This week’s Vietnam news roundup covers the latest currency, real estate, energy, aviation, and gaming news from Vietnam.
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