Vietnam’s Food & Beverage Industry: Growth, Trends, and Future Outlook
The Vietnam F&B (food and beverage) industry has exhibited notable resilience and growth, positioning itself as a dynamic sector within the Southeast Asian market. In 2023, the industry achieved revenues exceeding US$23.6 billion, marking an 11.5% increase from the previous year. The dining segment alone contributed approximately US$21.6 billion, reflecting a 10.9% rise. This growth […]
Vietnam Statutory Updates 2025
Here are Vietnam’s statutory updates for 2025. Effective March 2025 Vietnam Transfers Foreign Worker Management to Ministry of Home Affairs Vietnam has restructured its government agencies, shifting foreign labor management responsibilities from the Ministry of Labor, Invalids, and Social Affairs (MOLISA) to the Ministry of Home Affairs (MHA) under Decree No. 25/2025/NĐ-CP. Key Details: MHA […]
Vietnam Payroll Guide: Compliance, Compensation, and Employer Responsibilities
Vietnam’s economic growth and skilled workforce make it an attractive destination for international businesses. However, understanding payroll regulations is essential for compliance and smooth operations. This guide covers key aspects of Vietnam payroll, including legal requirements, salary structures, contributions, and payroll processing. 1. Location and Economic Landscape Vietnam is strategically located in Southeast Asia, bordered […]
Tourism in Vietnam: A Rising Powerhouse in Southeast Asia
Looking into tourism in Vietnam, we see that the industry demonstrated remarkable resilience and growth in recent years, solidifying its position as a premier destination in Southeast Asia. In 2024, the country welcomed approximately 17.5 million international visitors, a significant increase from 12.6 million in 2023, reaching 98% of pre-pandemic levels. This surge underscores Vietnam’s […]
The Vietnam Energy Sector: A Rapid Transformation Towards Sustainability and Growth
The Vietnam energy sector is undergoing a significant transformation to meet the demands of its rapidly growing economy and to align with global sustainability goals. This article provides an overview of Vietnam’s current energy landscape, recent developments, and future directions. Early Developments of the Vietnam energy sector The Vietnam energy sector has undergone significant transformation […]
Vietnam’s Trade Union Law: Key Changes and Implications
On November 27, 2024, Vietnam’s National Assembly adopted the long-awaited Trade Union Law 2024, replacing Vietnam’s Trade Union Law 2012. This new legislation, effective from July 1, 2025, introduces significant changes aimed at enhancing employee rights, strengthening trade union operations, and aligning Vietnam’s labor framework with international standards. Below are the key amendments and their […]
What ASEAN Member Countries Can Learn from Vietnam’s Renewable Energy Boom
Vietnam’s remarkable ascent as a leader in renewable energy, particularly solar and wind power, has drawn significant attention from its neighbours in Southeast Asia. In just a few years, Vietnam has transformed its energy landscape, rapidly expanding its renewable energy capacity and setting an example for other ASEAN member states. Let’s explore key insights and […]
Exploring the Growth of the Vietnam Textile Industry
The Vietnam textile industry has emerged as one of the most dynamic and rapidly growing sectors in the country’s economy. Over the past few decades, Vietnam has transformed from a relatively obscure player to a significant powerhouse in the global textile and garment market. This blog post delves into the factors driving this remarkable growth, […]
Vietnam Statutory Updates 2024
Here are Vietnam’s statutory updates for 2024. Effective August 2024 New Step for Certain Visa Applications All Temporary Resident Card (TRC) and Long-Term Visa (LTV) applications in Ho Chi Minh City, Dong Nai, and Binh Duong provinces to include an additional online submission step, previously required only for Chinese nationals. While this shift aligns with […]
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 […]
