| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | Vietnam's economy is poised to continue its growth, driven by a robust manufacturing sector and increasing foreign direct investment (FDI). In 2024, the economy has demonstrated clear signs of recovery, with consistent improvements observed both month-on-month and quarter-on-quarter. By 2025, its GDP is projected to reach approximately US$506 billion. | | | | | Vietnam’s gaming industry has become a vibrant player in the entertainment sector, showing significant growth and resilience in 2024. Guided by the Ministry of Information and Communications (MIC), the sector has established strategic partnerships with game producers and distributors to drive its development. | | | | | The Vietnamese government has published the final public holidays calendar for 2025, along with guidelines for public offices and the private sector. Employers and businesspersons visiting Vietnam are encouraged to plan ahead and align with the national holiday schedule. | | | | | Under Vietnam’s regulations, overtime compensation is not only determined by exceeding a specific number of working hours but can also be influenced by the time and date when employees work. Understanding these regulations is essential for businesses operating in the country, as they significantly impact the accurate calculation of labor costs. | | | | | The draft law amending Vietnam's excise tax regime, announced in June 2024, is expected to create a significant impact not only on alcohol, sugary beverages, and tobacco but also on various other goods and services. Furthermore, it introduces new methods for calculating the excise tax, also referred to as the special consumption tax, and establishes procedures for securing refunds. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | With its strategic geographic position, rapidly expanding industrial infrastructure, and government initiatives aimed at enhancing the logistics environment, Vietnam offers a wealth of opportunities for both domestic and international investors. This issue of Vietnam Briefing Magazine will serve as a key resource for investors seeking to enter this dynamic market. | | | | | | | Whether you are a multinational corporation seeking new markets or a small business owner exploring global expansion, this publication is your definitive resource for understanding and succeeding in one of the world’s most vibrant business environments. | | | | | Guide to Corporate Taxation and Compliance in China 2025 provides an overview of key taxes and obligations for foreign businesses in China. Ideal for CFOs, compliance officers, and accounting leads, it helps navigate complex tax regulations to effectively manage and plan China-based operations. |
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UPCOMING EVENTS FOR ASIA: | | | Webinar | Tuesday, January 14, 2025, 4:00 PM Vietnam, 5:00 PM China, 10:00 AM CET | | | | | Webinar | Wednesday, January 15, 2025 | 2:30 PM India / 4:00 PM Vietnam / 5:00 PM China | | | | | Webinar | Wednesday, January 22, 2025 | 4:00 PM China / 3:00 PM Vietnam / 1:30 PM India / 9:00 AM CET |
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