Other Briefings
Each week we summarize the most recent, developing, and important Vietnam news into one easy to read digest. Here are the top recent Vietnam news summaries.
Proposed Vietnam Industrial Classification System Prioritizes Green Economy
The Ministry of Planning and Investment (MPI) is inviting public comments on a draft decision from the Prime Minister regarding the establishment of a new Vietnam Standard Industrial Classification System (VSIC). A key feature of this system is the inclusion of a National Green Economy framework, aimed at promoting sustainable practices in Vietnam’s industrial sectors.
Major Upgrade of Vietnam’s Port System Under Decision No. 442/QD-TTg
Vietnam aims to upgrade its port system by 2030, targeting an annual cargo capacity of 1.25 to 1.5 billion tons per Decision No. 442/QD-TTg.
IMF Projects 6.1% Growth for 2024 for Vietnam Amid Challenges
In its September report, the IMF revised its GDP growth forecast for Vietnam in 2024 up to 6.1%, with GDP reaching US$468.5 billion.
Vietnam Considers 9-Day Tet Break for 2025
The Vietnam government is positively considering a 9-day Tet break for 2025 from January 25 to February 2. Proposals for extended breaks during other national holidays are also under review. Foreign investors and vendors planning business meetings should be mindful of the country’s public holiday schedules when arranging visits.
Vietnam Fintech and Payroll Innovation: Understanding the Concept of Earned Wage Access Services
Earned Wage Access (EWA) services is a relatively new fintech concept in Vietnam, aligning with policies aimed at promoting financial inclusion. Although this service segment is still in its early development stage, it has the potential to provide financial services and products to a significant underbanked population that often relies on dubious loan providers.
Vietnam’s First Draft of New Personal Data Protection Law (PDPL) Released for Public Comments
On September 24, 2024, the Vietnamese government issued the first draft of a new Law on Personal Data Protection (PDPL) for public feedback. The draft law has more stringent provisions than the Personal Data Protection Decree and is potentially set to take effect from January 1, 2026.
Insights into the Vietnam Workforce in 2024: Key Takeaways for Businesses
We explore key shifts and attitudes among the Vietnam workforce in 2024 per recent reports as they cope with technology-led workplace transformation, pursue meaning work in areas of green-impact and sustainability, and increasingly seek work-life balance.
The Footwear Market in Vietnam: Trends and Opportunities
The footwear market in Vietnam is on a steady growth trajectory, driven by an expanding customer base, growing middle-class population, and evolving preferences. We discuss the key market trends and Vietnam consumer outlook to 2030.
Samsung’s US$1.8 Billion Investment to Boost Vietnam’s OLED Manufacturing Capacity
Samsung Display Co. will invest an additional US$1.8 billion in a new OLED manufacturing plant in Bac Ninh province in northern Vietnam. This is in keeping with Samsung’s commitment to invest around US$1 billion per year in Vietnam.
Q&A: Understanding Vietnam’s Customs Guidelines on Special Cases in 2024
In 2024, Vietnam’s General Department of Customs (GDC) released multiple official letters guiding customs procedures during special events, including tax-free imported goods repurposing, system failures, and maintaining tax incentives after project ownership changes.
