According to reports from the General Statistics Office, FDI in Vietnam is on the upswing — reaching 38 billion USD in 2019 — an increase of 7.2% compared to 2018.
Insurance is the responsibility of every enterprise using labor. However, not all employers are aware of the regulations related to insurance — especially those that are newly operating. BW’s legal consulting experts can provide crucial information regarding insurance in Vietnam.
The previous article provided an overview of the local labor force in Vietnam and labor law. Regarding foreign labor, according to Article 3, Decree 11/2016/NĐ-CP, the current labor law of Vietnam only allows foreign workers to work in four positions for which Vietnamese hires do not meet the requirements, including experts, executives, technical workers and managers.
Dong Nai People’s Committee has recently granted investment certificates for three foreign-invested supporting industry projects with a combined investment capital sum of $190 million.
The southern province of Binh Duong attracted about 1.7 billion USD of foreign direct investment (FDI) in the first 10 months of this year, exceeding the goal set for the whole year by 19 percent.
The Ministry of Transport has proposed the Ministry of Planning and Investment to appraise the pre-feasibility report of the first phase of Bien Hoa-Vung Tau Expressway, which has a total investment capital of VND18.8 trillion ($817.4 million).
