Currently, the outbreak of the Covid-19 pandemic in Vietnam has caused many employers to close their businesses and lay off employees. Thus, when dismissing an employee, does the employer have to pay severance payments, payments in lieu of notice, etc., and/or any other types of payment will be due and payable to employees? Firstly, in…
(Vietnam) Currently, because of the outbreak of the disease, many companies are facing a lot of difficulties due to travel bans or employees suspected of being infected or positive for covid (nCOV) causing the company to stop operation. Faced with the above situation, the Vietnamese Ministry of Labor, War Invalids and Social Affairs has issued…
The City People’s Committee has just issued Official Letter No. 3615/UBND-SXD dated June 14, 2021, guiding the implementation of Decree No. 49/2021/ND-CP dated April 1, 2021, of the Vietnam Government amending and supplementing some Article of Decree No. 100/2015/ND-CP dated October 20, 2015, of the Government on the development and management of social housing. Accordingly,…
Abstract Alongside the development of the franchise in Vietnam for the past 20 years, the legal frame regulating these activities has been established and improved day by day. Originated as the spine of the law on intellectual property in terms of the commercial law, the law on franchise and the law on intellectual property have…
(Published on Vietnam Law Magazine). As one of the countries successful in the control of the Covid-19 pandemic, Vietnam is considered one of the safe environments for foreigners to consider their investment. Taking advantage of that opportunity, Vietnam has changed and improved its policies to attract more foreign direct investment (FDI) into the country, typically…
Currently, due to the complication of the Covid-19 epidemic, the domestic capital mobilization is becoming more and more difficult for Vietnamese enterprises. In addition, borrowing money from credit institutions in Vietnam remains the high interest rates and lending standards. Thus, borrowing bonds to foreign markets, especially healthy markets such as Singapore, is becoming an effective…
(Published on Vietnam Investment Review). Fines for foreign-invested enterprises (FIE) for failing to pay social insurance premiums have been specified in Decree No.28/2020/ND-CP released in March 2020 on providing penalties for admin violations in the fields of labor, social insurance, and overseas manpower supply under contract. Decree 28 details that in the case of failing…
Currently, due to the extremely complicated epidemic situation, airlines in Vietnam may face many difficulties in terms of financial situation which leads to the termination of labour contract in aviation field. Under this circumstance, high-qualified aviation persons, such as First Officers and Captains, have not received a salary on the contract but received the salary…
Currently, letter of credit (L/C) is an increasingly popular payment method in international commercial transactions because of the safety and prestige through the bank’s commitment to pay the seller. If the seller provides the full set of documents specified under the L/C and the buyer is also guaranteed by the bank that the goods will…
There are so many similarities between the 2 agreements that the UK-Vietnam Free Trade Agreement (UKVFTA) might as well be called a direct copy of the EU-Vietnam Free Trade Agreement (EVFTA). UKVFTA – EVFTA: What’s the difference and similarities? In 14 areas of UKVFTA, the United Kingdom allows Vietnam to export at a 0% tax…