OneStepVietnam presents
Monthly Newsletter of November 2025
ECONOMIC NEWS
Vietnam’s industrial production maintained solid momentum in November 2025. The Index of Industrial Production (IIP) was estimated to rise by 2.3% compared to the previous month and by 10.8% year-on-year. For the first eleven months of the year, IIP increased by 9.3% compared to the same period in 2024.
Manufacturing and processing continued to be the main growth driver, expanding by 10.6% and contributing 8.5 percentage points to overall industrial growth. Electricity production and distribution rose by 6.5%, adding 0.6 percentage points, while the water supply and waste management sector increased by 8.4%, contributing 0.1 percentage points. The mining sector recorded modest growth of 0.9%.
Meanwhile, Vietnam’s total trade turnover in the first 11 months of 2025 reached approximately USD 840 billion, up 17.2% year-on-year, equivalent to an increase of USD 123 billion. Exports climbed 16.1% to USD 430 billion, while imports rose 18.4% to USD 409.61 billion, resulting in a trade surplus of USD 20.5 billion.
The United States remained Vietnam’s largest export market with a turnover of USD 138.6 billion, while China continued to be the country’s largest source of imports at USD 167.5 billion.
Source: Online Newspaper of the Government, General Statistics Office
NEW LEGAL REQUIREMENTS
Decree No. 274/2025/ND-CP on Elaboration of the Law on Social Insurance Regarding Late Payment and Evasion of Compulsory Social Insurance and Unemployment Insurance; Complaints and Denunciations about Social Insurance
The newly issued Decree provides detailed guidance on the handling of late payments and evasion of compulsory social insurance and unemployment insurance contributions, as well as procedures for complaints and denunciations related to social insurance, in accordance with the Law on Social Insurance.
Under the Decree, the social security agency directly overseeing entities participating in compulsory social and unemployment insurance is required to conduct monthly reviews to determine the amount and duration of late payments or evaded contributions. Based on these findings, the agency will calculate the payable amount at a rate of 0.03% per day on the overdue or evaded sum, notify the employer for verification, and organize collection and management in compliance with legal regulations.
The Decree also specifies cases that are not considered evasion of compulsory social and unemployment insurance contributions. In line with Clause 1, Article 39 of the Law on Social Insurance, exemptions apply when delays result from force majeure events officially announced by competent authorities, including:
– Natural disasters such as storms, floods, inundations, earthquakes, major fires, prolonged droughts, and other events that directly and severely disrupt production and business activities;
– Dangerous epidemics declared by competent regulatory agencies that significantly affect operations and the financial capacity of agencies, organizations, and employers;
– Emergencies as prescribed by law that arise unexpectedly and abruptly, impacting the normal operations of agencies, organizations, and employers;
– Other force majeure circumstances as stipulated under civil law.
ONESTEPVIETNAM NEWS
This month, we continued to deliver our core services to clients, including regular audits, assessments, Higg FEM verifications, and SLCP verifications, as part of our ongoing business operations.
OneStepVietnam team – December 2025