OneStepVietnam presents
Monthly Newsletter of February 2024
ECONOMIC NEWS
In the first two months of 2024, Vietnam experienced significant growth in both exports and foreign direct investment (FDI). According to statistics from the General Department of Customs, the country’s exports surged by 19.2 percent, reaching US$59.34 billion, with 11 key commodities contributing significantly. Imports also increased by 18 percent to US$54.62 billion, with the U.S. remaining the largest importer of Vietnamese goods.
Notably, Vietnam achieved a trade surplus of US$4.72 billion during this period. Concurrently, FDI inflows soared to over US$4.29 billion, marking a 38.6 percent increase year-on-year. The capital city, Ha Noi led in FDI attraction with nearly US$914.4 million. Singapore led the pack as the top investor, injecting over US$2.08 billion into Vietnam, followed closely by Hong Kong, Japan, and China.
Source: Vietnam Economic News
NEW LEGAL REQUIREMENTS
Circular No. 15/2023/TT-BLDTBXH on Amendments to Circular No. 20/2015/TT-BLDTBXH dated July 31, 2015 on Guidelines for Article 52 of the Law on Employment and Decree No. 28/2015/ND-CP dated March 12, 2015 of the Government on Guidelines for the Law on Employment in Terms of Unemployment Insurance.
The Circular has regulated new practice on unemployment from February 15, 2024. The calculation of the unemployment benefit and payout months is one of new regulation:
Payout months are expressed as calendar months. Each payout month shall be determined from the first date on which the employee starts receiving unemployment benefit as prescribed in Clause 3 Article 50 of the Law on employment to the previous date of the same date of the next month. If the next month does not have a corresponding date, the end date of the payout month is the last day of that month.
ONESTEPVIETNAM NEWS
After taking Lunar New Year Holidays, OneStep Vietnam team came back to work on February 15, 2024 and continue to provide its services for its customers.
OneStepVietnam team – February 2024