In recent years, labour law compliance has become a focal point for both local and foreign-invested enterprises operating in Vietnam. Ensuring adherence to the country’s labour regulations is not only a legal obligation but also essential for fostering a transparent and productive workplace. Among various compliance aspects, handling labour discipline is particularly sensitive, as it
The Vietnamese cosmetics market is considered a high-potential sector in beauty and personal care, attracting increasing interest from foreign investors in recent years. With one of the fastest growth rates in the region, Vietnam’s cosmetics retail market is projected to have a Compound Annual Growth Rate (CAGR) of 3.32% from 2023 to 2027, reaching an
On 10th May 2023, the European Parliament and the Council of the European Union (EU) issued Regulation (EU) No. 2023/956 on Establishing a Carbon Border Adjustment Mechanism (CBAM) (“the Regulation”) as a key instrument to advance the EU’s goal of climate neutrality by 2050. The implementation of CBAM has far-reaching impacts on exporting countries to
Vietnam’s e-commerce market is experiencing rapid growth, making it an increasingly attractive destination for foreign investors. In 2024, the market size is estimated to reach $22 billion, marking an 18% increase compared to 2023, and placing Vietnam among the top three e-commerce markets in Southeast Asia, following Indonesia and Thailand. By 2030, the market is
Vietnam’s medical equipment market is growing rapidly, attracting foreign investors and enterprises. This upward trend was evident during the Vietnam Medipharm Expo 2024, which hosted its 22nd Exhibition in Ho Chi Minh City and 30th in Hanoi, gathering hundreds of enterprises from diverse countries and territories, including India, South Korea, and China, providing an opportunity
According to the International Franchise Association (IFA), Vietnam, with its 100 million population, expanding middle class, strong GDP growth, and open business environment, has become a booming franchise market in Southeast Asia.[i] Franchising began in the late 1990s with brands like Jollibee and KFC and has since thrived, exemplified by Mixue, a Chinese chain, opening
Introduction The case of Ms. Truong My Lan, Chairwoman of Van Thinh Phat Holdings Group Corporation (“Van Thinh Phat”), is one of the most significant corruption scandals in Vietnam’s history. As the head of one of the largest real estate conglomerates in Vietnam, the case impacts the businesses involved and raises concerns within the entire
Vietnam has become a top player in the global fashion supply chain, now the third-largest garment exporter after China and Bangladesh,[i] with exports reaching over 100 countries, primarily to the U.S., EU, and Japan. Major global brands like Adidas, Nike, Puma, and Uniqlo are increasingly shifting their production to Vietnam. But why is Vietnam so
On 15 May 2024, the Australian Trade and Investment Commission held the Australia Wine Promotion Roadshow in Ha Long City, Quang Ninh Province. At the event, wine exporters and manufacturers noted that Vietnam, the 4th largest wine market in Southeast Asia, is expected to grow at a Compound Annual Growth Rate of 10.93% in revenue
