The Vietnamese government has just issued Resolution 68/NQ-CP dated July 1, 2021, on policies to support employees and employers facing difficulties due to the Covid-19 crisis. Accordingly, in addition to supporting workers facing difficulties because of Covid-19, in this Resolution, the Government also promulgated several policies to support employers such as: Reduce the insurance premium…
Because of the Covid-19 epidemic impacts in Vietnam, many corporations find it hard to maintain a balance of finance, facilities, …. Therefore, although it still wants to keep its employees, the company still needs to cut as much as possible to maintain operations. At this time, the company was forced to cut staff. One of…
COVID Question: For the case of contract termination in Vietnam when the employer unilaterally terminates the contract because of the epidemic, he has to reduce production and business according to Point c, Clause 1, Article 36, Vietnam Labor Code. In this case, according to Article 41 of the Vietnam Labor Code, when the employer unilaterally…
There are quite a number of complicated procedures involved in the termination of employment by the employer in Vietnam. Therefore, the following article will clarify the procedures that need to be followed to ensure that the termination of employment is not challenged in court, as well as the obligation of the employer to state the…
The outbreak of the Covid-19 pandemic caused many employers and employers to close their businesses and lay off employees in Vietnam. Thus, when being asked to quit, can the employees raise a claim to stop the lay-off and if so, in which circumstances? Firstly, the employer allows the employee to stop working for a reasonable…
The outbreak of the Covid-19 pandemic in Vietnam caused many employers to close their businesses and lay off employees. As such, do the laid-off employees have the right of first refusal under local law when the Company reopens for business after Covid-19 containment? If so, is that under law or best practice? This question can…
In the current epidemic, many companies have had to close due to many senior employees have been transferred to other companies in Vietnam of the same owner. At this time, these employees are transferred to a workplace, which is different from the workplace in the employment contract signed between the employee and the employer. Thus,…
Currently, the outbreak of the Covid-19 pandemic in Vietnam has caused many employers to close their businesses and lay off employees. Thus, when dismissing an employee, does the employer have to pay severance payments, payments in lieu of notice, etc., and/or any other types of payment will be due and payable to employees? Firstly, in…
(Vietnam) Currently, because of the outbreak of the disease, many companies are facing a lot of difficulties due to travel bans or employees suspected of being infected or positive for covid (nCOV) causing the company to stop operation. Faced with the above situation, the Vietnamese Ministry of Labor, War Invalids and Social Affairs has issued…
(Vietnam) Due diligence (DD) is an extensive process of M&A deal undertaken by an acquiring firm in order to thoroughly and completely assess the target company’s business, assets, capabilities, and financial performance. One of the most important and complex types of due diligence process is Legal Due Diligence (Hereinafter referred as “LDD”). 1. What is…