FIEs contribute billions of dollars to state budget

FIEs contribute billions of dollars to state budget

For the first time, foreign invested enterprises’ revenue and specific contributions to Vietnam’s state budget have been revealed, with the electronics and garment-textile industries being their biggest earners.
Debate erupts over minimum wage increase

Debate erupts over minimum wage increase

The planned increase in minimum wage, which will see its final round of negotiations next week, has caused a heated debate, with employers warning of severely increasing expenses and workers’ representatives calling for a rise to help meet basic living standards.
Retirement age will now rise gradually from 2021

Retirement age will now rise gradually from 2021

The government has announced that it will not raise the retirement age in one fell swoop, instead opting to apply a roadmap for a rise over the next few years in order to prevent confusion and generate employment.
Economy blooms in first five months

Economy blooms in first five months

Vietnam’s economic situation in the first five months of the year has seen firms’ confidence increasingly strengthen, with industrial production climbing to the highest level seen in the period since 2012.
New incentives come to agriculture sector

New incentives come to agriculture sector

After five years of waiting, investors in the agricultural sector will be offered various new types of special incentives starting this month. This is a policy breakthrough aimed to lure private investment into agriculture, which is currently very limited.
Regional summits to boost relations

Regional summits to boost relations

With leaders from the Mekong region gathering in Hanoi next week for two important summits, Vietnam will be welcoming many large foreign investors.
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