ASEAN Briefing News

Vietnam’s Da Nang to Develop Free Trade Zone, Connect with Strategic Lien Chieu Port

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Da Nang is set to boost its trade and investment by developing a new Free Trade Zone and constructing the strategic Lien Chieu Port.

Vietnam’s Data Center Market: A New Frontier for Global Investors

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Vietnam’s data center market stands at the threshold of significant growth, driven by the country’s evolving digital landscape and the recent implementation of the revised Telecommunications Law.

ASEAN Labor Costs: Minimum Wage and Social Insurance Essentials

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When assessing labor costs in ASEAN, foreign investors should be aware that governments are increasing social protection expenditure in areas such as pensions, health coverage, and welfare assistance.

Vietnam Extends VAT Cut Until 2024

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Vietnam’s Decree 72/2024 extends the 2% VAT reduction on specific goods and services to the end of 2024, lowering operational costs and boosting economic growth for eligible sectors.

Singapore’s Growing Investments in Vietnam: Key Sectors

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Singapore’s investments in Vietnam boost key sectors like manufacturing, real estate, and energy.

Vietnam’s Expanding Halal Export Opportunities

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With its diverse agricultural base and growing food processing industry, Vietnam can effectively meet the rising needs of halal consumers worldwide.

Regional Minimum Wages to Increase Across Vietnam 2024

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Vietnam’s Ministry of Labor, War Invalids, and Social Affairs has proposed a six percent increase in the minimum wage, effective July 1, 2024.

Vietnam and Denmark Strengthen Ties for Sustainable Agricultural Development

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Denmark and Vietnam are working to strengthen their collaboration in the realm of sustainable agricultural development.

Vietnam’s Updated Telecommunications Law Takes Effect July 1

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Vietnam’s updated telecommunication law, designed to align with the current digital economy, will take effect on July 1, 2024. Specific provisions regarding data centers, cloud computing, OTT services, and network number fees will become effective on January 1, 2025.

Vietnam’s Legal Framework for Personal Data Protection Initiated

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Vietnam announced the development of the Law on Personal Data Protection to bolster data privacy measures and align regulations for a more cohesive framework.

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