Market News and Updates

Vietnam’s 15th National Assembly wrapped up its 8th session on the weekend bringing to the end a month of debate and discussion with a number of new laws and amendments to existing laws approved. Here’s a few key takeaways for foreign firms doing business in Vietnam. The VAT cut was extendedFirstly, the two percent cut […]

It was reported last week that Google had established an office in Ho Chi Minh City making it one of the first of the big cross-border service providers to do so. This comes five years after the Law on Cybersecurity, which came into force back in 2019, made it a requirement for these firms in […]

At the start of the year, the quickly becoming infamous Decree 168, which increased some fines for traffic violations by as much as 20 times, came into effect in Vietnam. Running red lights, driving the wrong way down the street, and using a mobile phone while driving now command fines of up to VND 6 […]

Last week, the Government of Vietnam issued a Decision significantly revising the Power Development Plan 8 (PDP8). This comes less than two years after the first PDP8 was issued and makes some substantial changes to what is intended to be the overarching guide to developing Vietnam’s energy sector. However, whereas this could have been an […]

In a VinaCapital Economist’s Note last month, Chief Economist Michael Koklari floated the idea of Vietnam buying and then storing LNG as a means to placate Trump administration officials ruffled by Vietnam’s huge trade surplus with the country. “We have also heard from energy industry executives that Vietnam could quickly start importing around US$35 billion a year of […]