Ho Chi Minh City’s office market is likely to witness a transition from a landlord-favorable to a tenant-favorable sector in the new year, according to data released Friday by Knight Frank Vietnam. Capping off a year that proved solid for landlords, this fourth quarter saw moderate year-on-year rent increases for Grade A landlords to the tune of 2.6%, and a positive net absorption mostly coming from the Saigon South sub-market in HCMC, Vietnam’s largest economic hub, according to the real estate firm.

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.

As an employer, you must protect people from harm. This includes doing a risk assessment to decide what reasonable steps you need to take to protect your workers and others from coronavirus (COVID-19).

By Bloomberg, "Vietnam’s economic growth accelerated in the fourth quarter as manufacturing revived and exports extended their recovery from the pandemic slump earlier this year."

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

New technologies are changing the way companies work and compete with each other. Technology is not only affecting how companies work but have made an impact in working spaces too. In the past three years, we have seen growing trends of open workspaces and even virtual offices. Although the concepts of virtual offices and open workspaces have some merits and may cater to the needs of working, the traditional concept of ‘the office’ retains many of its benefits