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VIETNAM NEWS HIGHLIGHTS - MAY 2021.

Despite COVID-19, Vietnam's economy has remained resilient. Let's take a look at its good signals in May 2021.

1. Vietnam business operations and the coronavirus: Updates

This article will be updated as further developments in Vietnam become available.

2. Thaco car maker acquires South Korean retail chain Emart

Emart expects the strategic alliance with Thaco will boost the growth and profitability of the South Korean retailer in Vietnam.

3. US and EU buyers to choose Vietnam as sourcing destination in 2021

Hanoi Times

Global supply chains will turn to Vietnam, India and Turkey for more diverse sourcing.

4. Vietnam’s GDP growth expected to rebound to 6.6% in 2021: World Bank

VCCI News

Vietnam’s exports are expected to perform strongly in 2021, though they face the risks of slackening international demand, said World Bank Vietnam in its recent report on Vietnam’s economy.

5. Vietnam named among top 10 best countries for expats: CNBC

Vietnam Insider

The US news agency CNBC listed Vietnam among the top ten countries, where expats are happiest with work, life, and cost of living amid the Covid-19 pandemic.

6. Vingroup’s withdrawal from smartphone sector hints at Vietnamese handset brands’ unforeseeable misadventure

Tuoi Tre News

With giant Vietnamese conglomerate Vingroup recently announcing that it will stop manufacturing smartphones, there are few domestic brands left to compete with foreign firms in the domestic market.

7. Masan owns 20% of Phuc Long tea & coffee store chain

The Saigon Times

HCMC – The Sherpa Company, a subsidiary of Masan Group Corporation (MSN), today, May 24, announced that it had acquired a 20% stake in Phuc Long Heritage Company, the owner of the Phuc Long tea and coffee store chain, for US$15 million.

8. Australia eyes comprehensive strategic partnership with Vietnam

Vietnam Investment Review

Australian Prime Minister Scott Morrison expressed his wish to elevate the Vietnam-Australia strategic partnership to a comprehensive strategic partnership during an online talk with his Vietnamese counterpart Pham Minh Chinh on May 25.

9. $2 billion investment pouring into Binh Phuoc province

Vietnam Investment Review

46 projects worth $2 billion have been presented with decisions on in-principle investment approval today, with Binh Phuoc calling for another $2 billion to implement 80 projects in 2021-2025.

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Maintaining a work/life balance is easy when you’re a sole trader, right? You typically work from home and you have no one else to answer to, so it should be easy to switch off. Unfortunately, that’s not always the case. In fact, many home-based sole traders struggle to strike a healthy work/life balance because the lines are more blurred.

Virtual Office vs. Shared Office – Which is best for your workspace needs?

A large number of organizations, especially entrepreneurs and small business owners in Vietnam are now looking for workspace options with great flexibility but still minimizing their operation costs, and as a result, virtual and shared offices have incredibly increased in popularity. Both two types of offices can save your business the cost and hassle of setting up an office from scratch, but do you know which one is best for you?

Ho Chi Minh City plans to resume all economic activities after January 15, 2022, what should enterprises do to re-start their business?

By cafef.vn, HCMC plans to reopen all economic activities after January 15, 2022 in a three-phase roadmap through a so-called “Covid-19 card”. In addition, the City also offers many solutions to support enterprises recover their business and manufacturing after the Covid-19 pandemic.

Vietnam to Increase Regional Minimum Wage from July 2022

Vietnam will increase regional minimum wages by approximately 6 percent from July 1, 2022. The increase varies from US$140 to US$202 depending on the living expenses in a particular region. Businesses should prepare their budgets given the short notice and incorporate the increased HR costs from July 1 and beyond going forward.

VIETNAM NEWS HIGHLIGHTS - AUGUST 2021

The Vietnamese Government is showing its drastic actions to implement its vaccine diplomacy policy for containing the Covid-19 pandemic to soon return to new normal life and recover the manufacturing nationwide.

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