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VIETNAM ECONOMY INVESTMENT

AGRO-FORESTRY-FISHERIES EXPORTS UP 24% IN FIRST FOUR MONTHS OF 2021

The export value of agro-forestry-fisheries products in the first four months of 2021 stood at around 17.15 billion USD, a 24.2 percent increase year-on-year.

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BANKING / FINANCE / INSURANCE / TAX

LEGAL FRAMEWORK NEEDED TO MANAGE VIRTUAL FINANCIAL INVESTMENT PLATFORMS

Experts have warned that a firm legal framework and strict punishment measures are needed to manage virtual financial investment platforms, which they say are now out of control.

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HR / LABOUR/ EMPLOYMENT

LABOUR EXPORT RESTRICTION EXACERBATED

The Ministry of Labour, Invalids and Social Affairs (MoLISA) is again facing fears of not being able to meet its target of sending 90,000 workers to work abroad in 2021. According to the Vietnam Labour Export Association, Vietnam sent just over 29,500 workers to 17 countries and territories in the first quarter of 2021, around 2,500 less than in the same period last year.

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HOT NEWS

HCMC TO MONITOR PEOPLE WITH FLU SYMPTOMS

All people visiting drugstores to buy medicine for fever, coughing and sore throats will have to provide personal information for monitoring.

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VIETNAM ECONOMY INVESTMENT

FOODSTUFF PRICES RISE, POSE INFLATION THREAT

Ðỗ Văn Khuôl, supply director of Saigon Food Company, said the cost of both domestically sourced and imported inputs have risen, including those of rice and seafood, whose output has fallen.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

ESR PLACES RABBIT’S FOOT IN VIETNAM THROUGH LOGISTICS REAL ESTATE JOINT VENTURE WITH BW

ESR Cayman Ltd., the largest logistics real estate platform focused on Asia-Pacific, has set up a joint venture with a leading logistics and industrial real estate operator BW Industrial Development JSC to develop and own My Phuoc 4 Industrial Park in Binh Duong province.

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PROPERTY / INDUSTRIAL ZONE

FURTHER SCRUTINY REQUIRED BEFORE INTRODUCING PROPERTY TAX OVERHAUL

Last month the Ho Chi Minh Real Estate Association (HoREA) proposed ideas of higher land and house taxation which could reduce land speculation and encourage business production, as well as yield higher revenues for the government.

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HR / LABOUR/ EMPLOYMENT

LABOR PRODUCTIVITY - IMPORTANT FACTOR FOR GROWTH

Vietnam has not yet experienced a real productivity growth phase, which is a key factor for an economy to rise to high-income status, according to the Vietnam Productivity Report jointly conducted by the Vietnam Institute for Economic and Policy Research (VEPR), the University of Economics and Business (Vietnam National University of Hanoi, and the National Graduate Institute for Policy Studies of Japan.


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