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…
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…
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…
According to the latest draft of the Social Insurance Law, the Government has withdrawn the proposal allowing employees to cover the debts of employers who fail to pay social insurance for them to receive pensions.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…
Material liability is a distinctive concept in the field of labor. Unlike types of damages in commercial and civil fields, which dictate that compensation includes both material and moral aspects, as well as potential benefits, material liability only arises when an employee causes direct damage to the employer’s property. This does not cover indirect damage…
The incidence of occupational accidents in the informal labor sector is very high, with over 1,400 fatalities annually. In response to this situation, the Ministry of Labor, Invalids, and Social Affairs (MOLISA) has proposed issuing a Decree on voluntary occupational accident insurance for freelancers to improve social welfare. The target participants are workers aged 15…
The draft of the Social Insurance Law proposes allowing workers to pay the overdue social insurance contributions owed by their employers, ensuring they meet the conditions to receive benefits. This measure aims to protect workers’ rights in cases where the employer is unable to pay social insurance, such as due to bankruptcy, dissolution, or absconding….
In the draft of the amended Employment Law, the Vietnam General Confederation of Labor proposes exempting workers who have paid unemployment insurance for over 12 years but have not yet received benefits from continuing contributions. Under current regulations, workers who have continuously or intermittently paid unemployment insurance for a total of 12 years are entitled…
The demand for lump-sum social insurance withdrawals by foreign workers in Vietnam is rapidly increasing in the context of migration from developed countries to developing countries becoming one of the main trends in the global labor market. The process of lump-sum social insurance withdrawal is a significant legal issue, requiring an understanding of the social…
The current unemployment benefits policy in Vietnam has several shortcomings, making it inadequate for societal changes and failing to ensure workers’ rights during difficult times. Therefore, the Vietnam General Confederation of Labor has recently proposed several amendments to the unemployment benefits regulations in Vietnam. The Vietnam General Confederation of Labor suggests increasing the unemployment benefit…