The Vietnam Social Insurance Fund for many years often gives bad information about the possibility of debt default, fund failure, liquidity loss, etc., when the number of employees who decide to withdraw lump sum social insurance from the fund increases sharply. This information worsened the psychology of employees depositing money into the fund, raising the…
One of the notable points in the Draft Law on Social Insurance of Vietnam 2023 is the proposal to reduce the minimum number of years of paying social insurance contributions to be eligible to receive pensions in Vietnam. So, what are the specifics of this proposal? Clause 1, Article 71 of the Draft Law on…
In the Draft Law on Social Insurance of Vietnam in 2023, two options for lump sum social insurance withdrawal were proposed. Accordingly, there is a proposal that employees can only withdraw up to 50% of the time of paying social insurance contributions, which has aroused many objections in public opinion. The draft revised Law on…
When there have been a large number of negative public opinions from the people and businesses, employers and employees in Vietnam about the contents of the Draft Law on Vietnam Social Insurance, we also should take another look at the case from a different angle to explain why the State Management Agency, the Draft Drafting…
One of the main points in the draft amendments to the Law on Social Insurance by the Ministry of Labor, War Invalids and Social Affairs of Vietnam is the proposal to reduce the minimum number of years of paying social insurance premiums from 20 years to 15 years in order to allow employees to enjoy…
Recently, the Ministry of Labor, War Invalids and Social Affairs of Vietnam has proposed to change the basis for paying social insurance premiums in the draft revised Law on Social Insurance which is open for public comment. Accordingly, employers and employees may pay social insurance based on the actual fluctuation of salary each month, instead…
Seasonal labor contract is a term sometimes used, applied in documents, news, press information in the private sector. So, what is a seasonal labor contract under Vietnamese law? The current regulations in the Labor Code 2019 do not have a term or regulations for a seasonal labor contract or a work-specific contract. This is because…
The fact that enterprises are slow to pay and avoid paying social insurance premiums in Vietnam is still very common in society, seriously affecting the interests of employees, especially on social security issues. In many cases, employees are not allowed to receive pensions or settle other regimes such as unemployment insurance, sickness benefit allowance, etc….
Labor contract, a popular concept in Vietnam, is the most important factor verifying the labor relationship between the employee and the employer. On the other hand, the concept of a working contract is a factor that confuses many workers, often mistakenly equating it as one. So, what is the difference between a working contract and…
With the promulgation of Decree 38/2022/ND-CP changing the minimum wage of Vietnamese employees from July 2022, there are still many businesses and trained employees wondering whether this major change in the minimum wage affect the required 7% increase in the minimum wage for trained employees? Article 3 of Decree 38/2022/ND-CP stipulating monthly and hourly minimum…