Voluntary social insurance, compared to compulsory social insurance, is somewhat less attractive in terms of attracting participants. The fundamental reason identified in society is that individuals participating in voluntary social insurance have to pay higher insurance contributions than those participating in compulsory social insurance. However, is it really that simple when delving deeper into the…
The latest revised draft of the Law on Social Insurance has a proposal to reduce the conditions for senior citizens in Vietnam to enjoy social pension benefits from 80 years old to 75 years old. Accordingly, if applied, what changes will this regulation create for Vietnam’s social insurance system and social security policy? Currently, senior…
In most manufacturing companies in Vietnam today with thousands or even tens of thousands of employees, they often make the most of employees’ leave days for corporate activities or unexpected incidents like the Covid-19 pandemic, mass power cuts, etc. So, what exactly is this behavior and does it violate the law? For example, a new…
When Vietnamese employees work under labor contracts for full 1 month or more, they will be subject to compulsory social insurance participation according to the provisions of Clauses 1 and 2, Article 2 of the Law on Social Insurance 2014. However, despite paying monthly, most Vietnamese workers are still not completely sure how that contribution…
When an employee unilaterally terminates a labor contract in Vietnam by legally resigning, he or she must notify the employer at least 3 to 45 days in advance, or depending on the company’s labor rules or regulations of the Government if they are working in the State sector. Conversely, if the employer dismisses the employee…
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…
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,…
The draft Law on Social Insurance of Vietnam adds specific provisions on acts of evasion of payment of Vietnamese social insurance contributions. If approved, these provisions will be applied in practice, serving as a legal basis to sue the violating party for evading social insurance contributions. By the end of January 2023, Vietnam Social Security…
The Vietnam Social Security Fund (VSS) has the word ‘Fund’ in its name. Thereby, this fund can also be understood with the same nature as any other investment fund on the market, with only one difference that this fund is under the control of the Government and State of Vietnam, not the business sector, a…
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…