FOREIGN EXCHANGE RATE FORECAST TO BE UNDER CONTROL IN 2024
Việt Nam still has effective tools to proactively control the VNĐ/USD exchange rate in 2024 even if the US Federal Reserve (Fed) has to maintain its interest rates at the current high level for an extended time due to the conflict in the Red Sea and other new uncertainties, experts said.
LOGISTICS PROVIDERS IN HONG KONG EYE VIETNAMESE MARKET
A delegation of more than 10 members of the Hong Kong Logistics Development Council (LOGSCOUNCIL) paid a four-day visit to Vietnam on October 10 to explore partnership opportunities. The delegation was led by the Secretary for Transport and Logistics, Lam Sai-hung.
FOREIGN-INVESTED ENTERPRISES IN BAC GIANG TO RECRUIT THOUSANDS OF EMPLOYEES
Several foreign-invested enterprises in the northern province of Bac Giang want to recruit dozens of thousands of employees to expand their operations. According to Bac Giang Industrial Zones Management Authority, in the first quarter of 2024, many foreign-invested enterprises (FIEs) in local industrial parks are seeing growth and want to expand.
DECREE ON CORPORATE, PERSONAL INCOME TAX EXEMPTION IN HCM CITY ISSUED
The Government has issued a decree which provides special policy mechanisms for corporate and personal income tax exemption in HCM City. The move comes as a response to Resolution 98, a National Assembly-approved resolution on piloting special mechanisms and policies for the development of HCM City.
WAGE HIKE PROPOSED FROM EARLY JULY
The National Wage Council has submitted a proposal to the Government for raising the regional minimum wage as from July 1.
According to the proposal, the regional minimum wage would rise by 6%, or by between VND200,000 and VND280,000 per month.
REVISED RULES SET TO EXPAND OPTIONS FOR OVERSEAS NATIONALS TO OWN PROPERTY
According to real estate law expert Nguyen Van Dinh, new laws coming into effect in 2025 will allow Vietnamese nationals residing abroad to carry out real estate business and own property the same as Vietnamese.
ASEAN MANUFACTURING SECTOR SEES SLIGHT IMPROVEMENT
There are some new and slight improvement across the ASEAN manufacturing sector in January, according to S&P Global Ratings, with the headline ASEAN manufacturing PMI rising from 49.7 in December to 50.3. Manufacturers continued to be optimistic about the 12-month output outlook. Growth was recorded across four of the seven ASEAN members.
CATHAY PACIFIC UPDATES
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