Since Vietnam’s independence on September 30, 1945, the country has developed a socialist legal system based on the civil law system, with some major modifications from Marxist-Leninist ideology. The current legal system of Vietnam has the following characteristics:
A stroll through the newest shopping mall in Ho Chi Minh City proves that there has recently been a sweeping transformation in the Vietnamese retail sector. Only some years ago shopping in large modern shopping malls was limited, and much of the demand for inexpensive, Asian-manufactured goods was focused around smaller, traditional retail...
The largest and fastest-growing segment of the industry, the life insurance segment is set to continue its expansion as incomes grow and awareness rises. Life insurance premiums rose by 31% in 2016, reaching VND69.7trn ($3.1bn), according to the Insurance Supervisory Authority (ISA). The life segment is around twice the size of non-life, but...
Commercial banks have traditionally been the main suppliers of funding in Vietnam, since bank deposits remain the most popular form of investment for Vietnamese households. Even though credit growth has cooled as the government prioritises macroeconomic stability, the compound annual growth rate of 14.2% recorded in the 2011-16 period is...
In recent years, Vietnam has developed into one of the most popular investment destinations in South-east Asia. In line with the international economic integration of Vietnam and in order to encourage domestic investment and make it easier for entrepreneurs to do business in Vietnam, the government has pushed for economic reforms and...
The coming years will be a busy time for Vietnam’s ICT market, as four of the country’s mobile operators start rolling out 4G networks after receiving licences. Three carriers – state-owned Viettel Group, MobiFone, Vietnam Posts and Telecommunications Group (VNPT) subsidiary Vinaphone – have already started running pilot projects and have...
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