Also participating in compulsory social insurance like Vietnamese workers, when they reach retirement age, can foreign workers receive a monthly pension? Pursuant to Clauses 1 and 2, Article 2 of Decree 143/2018/ND-CP, foreigners working in Vietnam must participate in compulsory social insurance if they fully meet the following conditions: Employees being foreign citizens working in…
The recent complicated situation of the Covid-19 epidemic, combined with the general difficulties of the world such as the Ukraine-Russia conflict, has pushed Vietnamese employees into extreme difficulties. Consequently, many employees could not bear the pressure and decided to choose the lump sum withdrawals of their social insurance to cover the immediate difficulties. This situation…
There has been a recent agreement by the National Wage Council to increase the minimum wage by 6% from July 1, or 180,000-260,000 VND more according to the current regional minimum wage. This proposal will be reported to the Prime Minister for consideration and promulgation. However, although the employees will be happy to hear the…
Salary is a highly sensitive topic in the market in Vietnam. In the working life, many employees are tired of the scenario of working for the same companies for years but don’t have a raise in salary. They thought that they have been loyal to the company, contributing their youth to the company but don’t…
If an error or violation of the agreement occurs during the performance of the labor contract, the employee may be required to compensate the company. The following are four instances in which employees may be held accountable for damages. Breach of confidentiality and technology agreements in Vietnam When entering into a labor contract, the employer…