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From July 1, 2025, voluntary social insurance (VSI) participants who meet the required age and contribution period can start receiving pensions. Specifically, those who contributed to VSI before January 1, 2021, and have completed 20 years of contributions will be eligible to retire immediately upon reaching 60 years old (for men) and 55 years old…
16
Apr
Apr
Throughout thousands of years of human history, women have always been subjected to disadvantages and inequality. In Vietnam, this situation has persisted due to the traditional mindset of ‘male preference,’ passed down from generation to generation, affecting women’s rights in society. In the modern era, although Vietnam’s 2019 Labor Code No. 45/2019/QH14 (“2019 Labor Code“)…
11
Mar
Mar
In the face of global economic fluctuations, many manufacturing companies in Vietnam experience difficulties due to declining orders, leading to reduced working hours or temporary production halts. This raises the question: can a company legally withhold wages from employees when there are no orders? Employer’s Wage Payment Obligations Under the Law According to the 2019…
16
Mar
Mar
According to many current workers, the personal income tax (PIT) family deduction in Vietnam has become outdated, failing to keep up with inflation and rising living costs, thus placing financial pressure on taxpayers. Currently, the deduction stands at VND 11 million per month (VND 132 million per year) for individuals and VND 4.4 million per…
18
Mar
Mar
Vietnam Social Insurance has submitted a proposal to the Ministry of Labor, Invalids, and Social Affairs, requesting a clear definition of bonuses, meal allowances, fuel costs, and other benefits that are not subject to mandatory social insurance contributions. The objective of this proposal is to ensure transparency and facilitate the social insurance collection process. In…
16
Aug
Aug
The International Labor Organization (ILO) has identified significant challenges facing the labor market and social equity in the Asia-Pacific region. Despite the gradual recovery of global economic growth, it remains slow, and the Vietnam labor market reflects this sluggish pace. Long-term employment growth has maintained an average rate, with the unemployment rate remaining almost unchanged….
16
Jul
Jul
Starting from July 2024, Vietnam will implement a series of important wage policy reforms aimed at improving the livelihoods of workers and pensioners. According to a resolution passed by the National Assembly, the basic and minimum wages will be increased, bringing significant changes for millions of people. Increasing Basic Wage from VND 1.8 Million to…
20
Jul
Jul
Insurance and pension policies will undergo significant changes from July 2025, affecting tens of millions of workers in Vietnam. The amended Social Insurance Law will take effect on July 1, 2025, with major changes such as: Restricting Lump-Sum Social Insurance Withdrawals Starting from July 1, 2025, new social insurance participants will not be allowed to…
09
Jul
Jul
On September 18, 2023, the Vietnamese Government enacted Decree No. 70/2023/ND-CP, which amends and augments specific provisions outlined in Decree No. 152/2020/ND-CP. This decree addresses the recruitment of foreign workers in Vietnam, as well as the hiring and oversight of Vietnamese employees working for foreign individuals and entities in the country. A work permit is…
24
Jun
Jun
According to the latest draft of the Social Insurance Law, the Government has withdrawn the proposal allowing employees to cover the debts of employers who fail to pay social insurance for them to receive pensions. Instead, the Government proposes having the authority to decide on the beneficiaries, conditions, levels of pension, and survivorship benefits, and…
