1. Vietnam is urged to soon apply the global minimum tax to ensure its benefits of finance and competitiveness advantages in foreign investment attraction. Do you agree with this view? Would the global minimum tax rule be a key role to affect Vietnam’s economic prospects and budget revenues like that of most countries? And why ..read more

The Power Development Plan VIII (PDP8) has finally been approved on 15 May 2023 by Deputy Prime Minister Tran Hong Ha under Decision No. 500/QD-TTg. The approval of PDP8 will heavily influence the development of green energies in Vietnam and guide Vietnam toward the objective of reaching net-zero emissions by 2050. PDP8 will also have ..read more

After more than 2 years of consultation, the long-awaited Power Development Plan VIII (PDP8) has finally been approved on 15 May 2023 by Deputy Prime Minister Tran Hong Ha under Decision No. 500/QD-TTg. The approval of PDP8 will heavily influence the development of green energies in Vietnam and guide Vietnam toward the objective of reaching ..read more

Regarding the issuance of the long-awaited Power Development Plan VIII (PDP8), on 25 April 2023, the Ministry of Industry and Trade of Vietnam (MOIT) delivered a Brief Report on the review of the PDP8 with some proposal to the Permanent Government (Report). The notable points of the Report are as follows: Renewable energy sources Firstly ..read more

Recent developments and the importance of the power and energy sectors in Vietnam Vietnam’s GDP grew by 8.02% in 2022 as opposed to merely 2.58% due to COVID-19 in 2021, which is the fastest yearly growth rate since 1997. Vietnam’s GDP growth for 2021-2030 is forecasted to reach an average of 6.6%/year and an average ..read more

On 17 April 2023, Decree No. 13/2023/ND-CP on personal data protection (PDPD) was officially issued by the Vietnamese Government. The long-awaited and controversial decree is set to be the first ever legal document with comprehensive regulations on both personal data and its protection in Vietnam. With an exception being the grace period of 2 years ..read more

Frontier market vs. Emerging market – How is it defined? As a term invented in 1981 by then World Bank economist Antoine van Agtmael, an emerging market is an economy that is thriving, a promising market with risks and rewards in the eyes of foreign investors (1). The term “frontier market” was coined 11 years ..read more

1. While Vietnam’s anti-corruption push has been ongoing for several years, 2022 marked an acceleration in the process with several high-profile take downs. How is this being seen by your clients, and is it having any impact on the speed at which business is being conducted in Vietnam? Answer: On the one hand, this is ..read more

The State Bank of Vietnam (Ngan hang Nha nuoc Viet Nam, SBV) is the central bank of Vietnam. It is a ministry-level body under the administration of the government. The SBV governor is a member of the cabinet. The prime minister and the parliament of Vietnam (National Assembly) act jointly to nominate the governor of ..read more

1. Wie beurteilen Sie die allgemeine wirtschaftliche Entwicklung Vietnams? Gibt es neben der Produktion noch andere Branchen, in die es sich zu investieren lohnt oder die ein größeres Potenzial haben? Die wirtschaftliche Leistung Vietnams ist beeindruckend. Im Jahr 2020, während große Weltwirtschaften unter der Covid-19-Pandemie litten, hatte Vietnam das höchste Wirtschaftswachstum in Südostasien, mehr als ..read more