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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.

news relative

Vietnam’s real estate market set for strong growth in remainder of 2022

Things foreign employers should know when working with Vietnamese employees

Vietnam continues to be a popular investment location, with many foreigners from all over the world flocking to the country to work as expats or start enterprises. However, some people have had difficulties understanding and building positive relationships with the Vietnamese people. If you're one of them, this article somehow can help!

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?

Hanoi Grade A office rents to slightly rise in last months of 2022

Total new supply in Hanoi office market is estimated at 103,600 square meters in 2022.

HCM City’s office space market rebounds strongly

Office space for lease in Ho Chi Minh City in the first half of 2022 continued to make a recovery with a total net absorption area of about 21,000 sq.m, equivalent to 38% of 2021, although the new supply remained limited, according to real estate firm CBRE.

What Does “Hybrid Work” Really Mean?

Use the right hybrid work tools The best way to support employees in a hybrid work model is to offer them the right tools. By understanding that each person works differently, hybrid managers have a better chance to avoid a toxic productivity environment and improve employees’ mental health when they work from home. For example, managers can run a survey asking for peoples’ preferred working-hours. Another challenge in hybrid work is decision-making. A project can go badly if employees working from home are not considered in the process. Having a transparent way to communicate across departments can improve team accountability. After all, the main goal is to help people to stay motivated and focused at work.

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