Differences in pension calculation method between private and state-owned enterprises in Vietnam

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Currently, the method of calculating pension between employees working in the private sector and employees working in the state in Vietnam still has fundamental differences, leading to many discontented opinions about the pension calculation scheme. In the following article, ASL LAW will analyze the difference in pension calculation method and give a perspective on this…

Is the owner of a business household subject to compulsory social insurance in Vietnam?

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Business household is an individual or household that is granted a business registration certificate to conduct business activities, usually with a smaller scale and less organized than other types of companies. In fact, business household is not a type of business in Vietnam, although it has many similarities with sole proprietorship. For about 20 years,…

New regulations on social pension benefits in Vietnam’s draft revised Law on Social Insurance

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Vietnam’s draft revised Law on Social Insurance adds regulations on social pension benefits for a part of senior citizens who do not have a pension as well as other benefits to maintain a minimum life. Clause 2, Article 3 of the Draft Law on Social Insurance stipulates that a social pension is a policy where…

Details of the proposal to reduce the minimum number of years of paying social insurance contributions in Vietnam

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One of the notable points in the Draft Law on Social Insurance of Vietnam 2023 is the proposal to reduce the minimum number of years of paying social insurance contributions to be eligible to receive pensions in Vietnam. So, what are the specifics of this proposal? Clause 1, Article 71 of the Draft Law on…

Perspectives of the State Management Agency of Vietnam on the social insurance fund

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When there have been a large number of negative public opinions from the people and businesses, employers and employees in Vietnam about the contents of the Draft Law on Vietnam Social Insurance, we also should take another look at the case from a different angle to explain why the State Management Agency, the Draft Drafting…

Impact from the proposal to reduce the minimum number of years of social insurance payment from 20 years to 15 years to enjoy pension in Vietnam

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One of the main points in the draft amendments to the Law on Social Insurance by the Ministry of Labor, War Invalids and Social Affairs of Vietnam is the proposal to reduce the minimum number of years of paying social insurance premiums from 20 years to 15 years in order to allow employees to enjoy…

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