Recently, the Ministry of Labor, War Invalids and Social Affairs of Vietnam has proposed to change the basis for paying social insurance premiums in the draft revised Law on Social Insurance which is open for public comment. Accordingly, employers and employees may pay social insurance based on the actual fluctuation of salary each month, instead…
Free Trade Agreements (FTAs) have many positive impacts on Vietnam. The most prominent incentives among them are tariff preferences that can help Vietnamese businesses boost production and export to countries within the scope of a separate FTA Agreement. However, along with the positive points are a few limitations and disadvantages that are likely to negatively…
When Vietnamese manufacturing and exporting enterprises are subject to trade remedy investigation, would their production and export activities will be negatively affected, leading to a state of reduction or even a complete stop, seriously affect the Vietnamese economy? With an economy that relies heavily on export production like Vietnam today, a high ratio of exports…
On March 3, 2023, the Vietnam Trade Remedies Department issued a minutes of public consultation on the final review of the application of safeguard measures for imported billet and long steel products in accordance with the provisions of the Vietnamese law on trade remedies. On July 18, 2016, the Ministry of Industry and Trade of…
Decree No. 08/2023/ND-CP (“Decree No. 08”) newly issued by the Government of Vietnam on March 5, 2023 amending, supplementing and suspending the implementation of a number of articles in Decrees stipulating private offering and trading of corporate bonds in the domestic market and the offering for sale of corporate bonds in the international market. Decree…
Seasonal labor contract is a term sometimes used, applied in documents, news, press information in the private sector. So, what is a seasonal labor contract under Vietnamese law? The current regulations in the Labor Code 2019 do not have a term or regulations for a seasonal labor contract or a work-specific contract. This is because…
The fact that enterprises are slow to pay and avoid paying social insurance premiums in Vietnam is still very common in society, seriously affecting the interests of employees, especially on social security issues. In many cases, employees are not allowed to receive pensions or settle other regimes such as unemployment insurance, sickness benefit allowance, etc….
Labor contract, a popular concept in Vietnam, is the most important factor verifying the labor relationship between the employee and the employer. On the other hand, the concept of a working contract is a factor that confuses many workers, often mistakenly equating it as one. So, what is the difference between a working contract and…
The Draft Decree amending and supplementing Decree No. 65 contains proposed provisions on the payment of bond principal and interest by enterprises with other assets (Supplement point d, clause 3 of Decree No. 65). This proposal has been approved, detailed in Decree No. 08/2023/ND-CP amending and supplementing Clause 3, Article 34 of Decree No. 153/2020/ND-CP….
On February 24, 2023, Mexico made a final ruling for the anti-dumping investigation of galvanised steel from Vietnam, in which many import duties for Vietnamese production companies are reduced compared to the preliminary decision. According to information of the Department of Trade Remedies of the Ministry of Industry and Trade of Vietnam, Vietnam and Mexico…