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.
Vietnam aims to upgrade its port system by 2030, targeting an annual cargo capacity of 1.25 to 1.5 billion tons as outlined in Decision No. 442/QD-TTg. This initiative addresses current capacity limitations and emphasizes modernization, infrastructure improvements, and environmental sustainability to enhance global trade competitiveness.
Earned Wage Access (EWA) services is a relatively new concept in Vietnam’s fintech market, introduced in 2019 with the arrival of several key players. These services present a lucrative opportunity for investors, aligning with Vietnam’s efforts to promote financial inclusion.
Several Vietnam ministries have approved the Ministry of Labour, Invalids, and Social Affairs’ proposal for a nine-day break for the 2025 Lunar New Year (Tet). 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.
As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds.
This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country.
India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms.
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