17 May 2022

Vietnam-UK trade turnover grows well thanks to the UKVFTA leverage

It has been a year since the UK-Vietnam Free Trade Agreement (UKVFTA) officially took effect on 1st May 2021.
12 May 2022

New must-know social insurance policies

In 2022, there are many amendments to social insurance policies. Below are the conditions for foreign workers to receive one-time social insurance, and the adjustments to voluntary social insurance contributions.
9 May 2022

Amendments to retirement age and how to calculate pension

Vietnam's retirement regime in 2022 has many amendments compared to 2021 in terms of retirement age and pension calculation. To ensure compliance, both employers and employees need to be aware of changes in retirement age and how to calculate...
20 April 2022

Taking advantage of vast potential of renewables

Power consumption in Vietnam has increased approximately 10 per cent per year on average, significantly faster than the national GDP, in order to meet the insatiable demand for more power generation and investment.
20 April 2022

Vietnam remaining a destination of vast promise for manufacturers

In the last few years, Vietnam has quickly become a rising manufacturing and investment destination because of its strategic location and advantages in shipping and competitive labour and production costs.
19 April 2022

New regulations on wages and social insurance benefit employees

Decree 12/2022/ND-CP dated 17 January 2022 by the Government stipulates several new penalties for violations related to wages and social insurance for employers (enterprises). Thereby, it limits the situation of enterprises in violation and helps to...
12 April 2022

GDP in the first quarter 2022 grew by 5.03% year-on-year

The agriculture-forestry-fishery sector increased by 2.5%, industry and construction sector was up 6.4%, the service sector rose by 4.6%, contributing 5.8%, 51% and 43% to overall economic growth, respectively.
8 April 2022

Vietnam’s economy in the first quarter of 2022

Vietnam's economy flourishes in the first quarter of 2022 when growing by 5.03% year-on-year, most industries and sectors tend to recover and grow again.
29 March 2022

Taxes declared monthly, quarterly, and annually

Tax returns are declared monthly, quarterly, or annually depending on the type of taxes. According to Article 8, Decree 126/2020/ND-CP, below are the taxes and other amounts collected by tax authorities, which are declared monthly, quarterly, and...
14 March 2022

Digital transformation to foster recovery post COVID-19

Digital transformation has become a trend in the wake of COVID-19 as it is a new engine driving the country’s socio-economic development and facilitating virus response and economic recovery. Digital technology has found its way into every...
10 March 2022

Unleashing Vietnam’s clean power potential

As a country experiencing high economic growth in ASEAN and hit hard by climate change, Vietnam has been aware of the significance of energy restructuring, towards raising the ratio of renewable energy in tandem with the economical, efficient and...