Manufacturing in Vietnam: An Unexplored Goldmine for Global Investors
With the rise of global sourcing and the quest for cost-effective production, manufacturing in Vietnam has become an epicenter for growth and opportunity. The country’s ascension as a manufacturing hub is impressive, embodying the convergence of favorable economic policies, a burgeoning workforce, and strategic geopolitical positioning. This harmonious blend presents a practical alternative for investors […]
Exploring The Thriving Vietnam Tech Industry
The Vietnam tech scene has a promising future ahead of it From the bustling capital of Hanoi to the dynamic metropolis of Ho Chi Minh City, Vietnam is positioning itself as Southeast Asia’s frontier for technology and innovation. This surge has captivated startup enthusiasts, investors, and the global tech community alike, as they witness the […]
Vietnam’s minimum wage increase for 2024
Last month, Vietnam’s National Wage Council set the minimum wage increase for 2024, amounting to a 6% rise. This was decided on due to both inflation and the country’s economic growth—it being one of the fastest growing nations economically in the region. The increase will be implemented in July 2024. As the minimum wage is […]
How an Employer of Record Company Helps Consulting Firms in China and Hong Kong
Consulting firms in China and Hong Kong often face complexities related to employment laws, tax regulations, and local administration when hiring employees. To streamline their operations and focus on their core business goals, consulting firms can benefit from partnering with an Employer of Record (EOR) company. Let’s explore how an EOR company like Eos can […]
Exploring South Korea’s Renewable Energy Sector Powering A Vibrant Future
Let’s take a look into South Korea’s renewable energy sector and how it’s grown South Korea, the tech titan of Asia, is undergoing a silent revolution. While the world marvels at its cutting-edge smartphones and K-pop’s global domination, a less flashy transformation is brewing within its borders: the rise of renewable energy. Driven by […]
Japan’s Renewable Energy Sector: A Quick And Balanced Look On A Rising Industry
Let’s take a look at Japan’s renewable energy sources—as well as the challenges this sector faces. Japan, renowned for its technological prowess and commitment to innovation, stands at the forefront of the global renewable energy revolution. In 2023, Statista reported that the country was sixth on their list of the top countries in terms […]
Year-End Tax Adjustment Japan: Your Essential Guide for 2024
If you’re a business owner with employees in Japan or are planning to expand your business here, it’s important to understand Japan’s year-end tax adjustment (YETA) system, also known as Nenmatsu Chosei. YETA plays a significant role in the country’s tax landscape. As an employer, ensuring compliance with YETA will not only help you fulfil […]
Taiwan’s Offshore Wind Farm: Booming Renewable Energy Industry
The Rise of Taiwan’s Offshore Wind Farm: A Booming Industry Taiwan has been making waves in the renewable energy sector with its booming offshore wind power industry. The government’s push towards a green economy has led to the growth of renewable energy sources, with offshore wind farms leading the charge. In this blog, we will […]
India’s Renewable Energy: Shaping the Future
India’s Renewable Energy: Building a Sustainable Future India is on a mission to transform its energy landscape, and renewable energy is playing a crucial role in this transition. In this blog, we will take a closer look at India’s current renewable energy capacity and the reasons why it is a potential market for renewable energy. […]
Labour Decree 70 replaces Decree 152 on Work Permits
This is an update to our last article on the proposed changes to Decree 152. The Vietnamese government has finalized the changes and formed the new Labour Decree No.70 which will oversee foreign work permit applications and requirements. This new labour decree is based on the proposed changes and feedback and input from the business […]
