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Revising Resolution 98: Government Proposes Establishment of Ho Chi Minh City Free Trade Zone
On the afternoon of December 3rd, as part of the 10th session agenda, the Government presented to the National Assembly a draft Resolution to amend and supplement certain provisions of Resolution No. 98/2023/QH15. This Resolution focuses on piloting specific mechanisms and policies for the development of Ho Chi Minh City. A key highlight of the draft is the addition of provisions for the establishment of the Ho Chi Minh City Free Trade Zone.
Consequences for Businesses Failing to Increase Minimum Wage: Penalties Explained
Effective January 1, 2026, businesses are required to adjust minimum wages in compliance with Government Decree 293/2025. Non-compliance will result in penalties and mandatory corrective actions.
Hanoi to Launch New Venture Capital Fund with Initial Capital of VND 600 Billion
According to Hanoi’s Deputy Chairman, Truong Viet Dung, the city is set to launch an Innovation Center Network alongside a venture capital fund, initially capitalized at 600 billion VND.
