We would like to bring you tax and legal updates for July 2021 with the following highlights influencing the corporate operations and payroll activities.
Weekly News Bulletin
Weekly News Bulletin
News Bulletin 72 - Week 3, July 2021
Vietnam extended Directive 16 lockdown for another two weeks, with most of southern Vietnam impacted by the directive. Hanoi is also in a very restrictive lockdown again after re-opening just three weeks ago. In the past couple of days, Vietnam broke all daily Covid-19 recovers with new cases now reaching up to 6,000 a day, which is triple the cumulative cases in all of 2020.
News Bulletin 71 - Week 2, July 2021
Vietnam continues to battle the 4th wave of the Covid outbreak, now entering its third month that started in early May. The outbreak continues to hit Ho Chi Minh City the hardest with the city being in virtual lockdown starting last Friday, following Directive 16 from the government.
News Bulletin 70 - Week 1, July 2021
Mass Covid-19 testing is currently taking place in Saigon, Vietnam’s largest city and the commercial hub of the country. It is hoped that mass Covid-19 will identify those with positive Covid-19 can be found and isolated in order to contain the rapid rise of infections in Saigon. Amidst the current fourth wave, the Vietnamese government is forecasting a GDP growth of 6-6.5 percent in the second half this year depending on the Covid-19 situation. In the first scenario, the economy would expand by 6 percent if the current Covid-19 wave is contained by July and no major outbreak occurs in industrial parks and big cities, Deputy Minister of Planning and Investment told reporters Thursday evening.
News Bulletin 69 - Week 4, June 2021
Vietnam’s COVID-19 restriction for HCMC, under Directive 10, was extended this week for another two weeks. The current fourth wave is no doubt impacting the country’s economy, especially the tourism and hospitality sector which was hoping the summer break will spurn increased domestic travel.
News Bulletin 68 - Week 3, June 2021
The past week saw Vietnam continues to battle the fourth wave of the pandemic and HCMC remains the country’s hot spot outbreak. Amid growing coronavirus cases from the latest outbreak in the country, the Vietnamese government is taking measures to speed up the vaccine rollout for its population.
News Bulletin 67 - Week 2, June 2021
Vietnam continues to deal with the fourth wave this week as social distancing continues in Ho Chi Minh City, the country’s biggest city and commercial hub. Amidst the lockdowns, the country continues to work hard trying to secure vaccines and start mass vaccinations, something that Vietnam is far behind other countries in the world. Vietnam last week approved Pfizer vaccines, paving the way for Vietnam to order millions of Pfizer vaccines.
News Bulletin 66 - Week 1, June 2021
As the country’s biggest city entered its second week of social distancing, the government announced the launch of a vaccine fund calling on businesses, both local and foreign, and individuals to contribute to the fund. The fund will be used to buy Covid-19 vaccines from abroad and for supporting “Made in Vietnam” vaccines. The fund so far has received USD45 million while pledges reached over USD300 million.
News Bulletin 65 - Week 5, May 2021
Last week saw a significant surge in Covid19 infections in Vietnam, with the country’s biggest commercial city Ho Chi Minh City (formerly Saigon) especially hit hard. Outbreak clusters have broken out in several districts and the city is now under two weeks social distancing restrictions.
News Bulletin 64 - Week 4, May 2021
The authorities in Vietnam continue to deal with the latest outbreak of Covid19, especially in the northern region. The current outbreak is particularly taking place in industrial zones with the Bac Giang province especially hit hard. Bac Giang province recently announced the suspension of four industrial zones there, including ones that have suppliers producing Apple related products. Apple suppliers like Foxconn Technology Group and Luxshare-ICT were among those that have had to temporarily close their factories.
News Bulletin 63 - Week 3, May 2021
The past week experienced increased Covid-19 cases as Vietnam continues to deal with the surging 4th wave. As a result, quarantine period was extended from 14 days to 21 days for new arrivals into the country. This latest outbreak is a setback for the country hoping to ease travel restrictions.