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The EVFTA, most commonly known as the European Union Vietnam Free Trade Agreement has come into force the 1st of August 2020 in Vietnam. The main objective is to abolish most of custom duties within 10 years. This ambitious partnership has already borne fruit since roughly 70% of the custom duties have been mutually eliminated since last summer. As for the COVID-19 pandemic, it
Vietnam is a country infamous for its bureaucratic system. In order to modernize this narrative, a new Labour Code has recently come into force the 1st of January 2021 with the ambition to shake things up. In the meantime, the COVID-19 pandemic has struck for already one year (1). The dreadful consequences it had on the workplace environment are unquestionable. Companies had to adopt
Vietnam’s cabinet has targeted economic growth of 6.5% next year, signaling a return to the same growth pattern experienced before Covid-19, as the manufacturing-led economy emerges from its current slowdown. The Southeast Asian country’s government expects to rebound next year from the economic slowdown it finds itself now due to the global slump brought on by the pandemic. Vietnam’s authorities call the recovery a
E-tailer Tiki receives lion’s share of $246m investment in first half of 2019 SINGAPORE — Vietnam’s startup sector is growing at a rapid clip despite the global economic slump, as it closes the gap with regional leaders Indonesia and Singapore. According to joint research by Ho Chi Minh City-based venture capital ESP Capital and Singapore’s Cento Ventures, startup investment in Vietnam hit $246 million this
Pierre Vanrenterghem will be a panel member at the next Xero Hour on Wednesday morning to discuss clients management in the corporate services industry.