Recently, the latest amendment of the Social Insurance Law Project has included a proposal for Vietnamese workers participating in voluntary social insurance to be able to retire early by 2-5 years without deduction in benefits. The amended Social Insurance Law Project has been discussed by the National Assembly in the session of October 2023, expected…
From July 2024, a comprehensive reform of the salary system in Vietnam will be implemented, symbolizing a significant step in addressing issues related to income and wage fairness. This new policy will affect millions of workers nationwide and bring positive changes to their lives and labor productivity. The salary reform policy aims to enhance fairness…
Currently, Vietnam does not yet have precise figures regarding the expected increase in retirement pensions and social insurance subsidies starting from July 2024. However, it is anticipated that the retirement pensions and subsidies will be increased by approximately 6%. Of note, a decree regarding the continued adjustment of retirement pensions is expected to be submitted…
In recent years, the use of foreign labor in Vietnam has become a trend. From multinational companies to small and medium enterprises, the demand for foreign labor is increasing due to their higher expertise compared to local workers. However, the question arises: why does Vietnam need to explain the use of foreign labor? Despite having…
Recently, the Vietnamese Ministry of Finance has officially expressed its opinion, proposing to reconsider the proposal to increase pensions and allowances by the Ministry of Labor, Invalids and Social Affairs, citing that the projected funding would exceed 17 trillion Vietnamese dong, surpassing the budget’s balancing capability. The Ministry of Finance has issued a letter in…
Working hours are not only an important aspect of daily life but also a determinant of the quality of life and the socio-economic development of individuals and society as a whole. Built on the principles of fairness and sustainable development, the Vietnamese Labor Law of 2019 has set forth several significant points regarding working hours,…
Based on the principles of fairness and sustainable development, the application and compliance with regulations regarding salaries are fundamental aspects that cannot be overlooked in Vietnam’s labor law system in 2024. In a society undergoing development and active integration into the global economy, protecting the rights and ensuring the living standards of employees through salary…
On the occasion of Lunar New Year, which is also known as Tet Holiday, the issue of Tet bonuses and the 13th-month salary is often discussed in society. Currently, there is no specific regulation or rule that obliges businesses to give Tet bonuses to employees. Whether or not to give Tet bonuses depends on the…
In the increasingly complex landscape of the labor market and economic fluctuations, the supplementation of regulations to accurately determine the duration of unemployment benefits in the Gregorian calendar month in Vietnam has become an important and noteworthy issue. With the aim of optimizing the social security system, enhancing labor rights, and ensuring transparency and fairness…
On December 29, 2023, the Minister of the Ministry of Labor, Invalids and Social Affairs issued Circular 15/2023/TT-BLĐTBXH amending and supplementing certain provisions of Circular 28/2015/TT-BLĐTBXH guiding the implementation of Article 52 of the 2013 Labor Code and some provisions of Decree 28/2015/NĐ-CP detailing the implementation of certain provisions of the 2013 Labor Code regarding…