Is Tet bonus an obligatory aspect in Vietnam?

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On the occasion of Lunar New Year, which is also known as Tet Holiday, the issue of Tet bonuses and the 13th-month salary is often discussed in society. Currently, there is no specific regulation or rule that obliges businesses to give Tet bonuses to employees. Whether or not to give Tet bonuses depends on the…

Vietnam: Promoting the attraction of foreign investment in the supporting industry

Vietnam: Promoting the attraction of foreign investment in the supporting industry

Vietnam has taken significant steps to bolster its supporting industry, aiming to attract foreign investment and promote sustainable growth. The country’s program for the development of the supporting industry, spanning from 2016 to 2025, recently underwent modifications to intensify efforts in attracting foreign capital into this crucial sector. The amendments, outlined in Decision No. 71/QD-TTg…

Vietnam: Reducing Legal Compliance Costs in Investment and Business Activities

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The government has recently issued Resolution No. 02/NQ-CP on key tasks and solutions to improve the business environment and enhance national competitiveness in 2024. Accordingly, the resolution sets the goal of reducing input costs and legal compliance costs in investment and business activities, reducing policy risks, strengthening trust, creating a recovery foothold, and enhancing the…

Difficulties in protecting copyright for works created with the support of artificial intelligence (AI) in Vietnam

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In the year-end summary, Vietnam Television (VTV) pointed out that 2023 was the “year of fake-authentic, authentic-fake” with the development of artificial intelligence (AI). Merriam-Webster, the most trusted dictionary in the United States, chose the word “Authentic” as the keyword for 2023. This phrase accurately reflected the global social situation in 2023 with significant technological…

Legal Perspective on Land Use Rights in Vietnam

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In the context of economic development and increasing urbanization, land management has become one of the major challenges for many countries, including Vietnam. Mastering the legal provisions related to land use rights is not only essential when participating in the real estate market but also a crucial condition for protecting one’s interests. This article provides…

Supplementing Regulations to Accurately Determine the Duration of Unemployment Benefits in the Gregorian Calendar Month in Vietnam

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In the increasingly complex landscape of the labor market and economic fluctuations, the supplementation of regulations to accurately determine the duration of unemployment benefits in the Gregorian calendar month in Vietnam has become an important and noteworthy issue. With the aim of optimizing the social security system, enhancing labor rights, and ensuring transparency and fairness…

It is anticipated to have four Decrees and Circulars guiding the implementation of the Real Estate Business Law in Vietnam in 2024

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In 2024, it is anticipated that there will be four Decrees and Circulars guiding the implementation of the Real Estate Business Law in Vietnam. On January 8, 2024, the Prime Minister of Vietnam issued Decision No. 19/QĐ-TTg regarding the issuance of a List and the assignment of responsible agencies to draft detailed regulations for the…

Regulations on Retained Periods for Unemployment Benefits in Vietnam

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On December 29, 2023, the Minister of the Ministry of Labor, Invalids and Social Affairs issued Circular 15/2023/TT-BLĐTBXH amending and supplementing certain provisions of Circular 28/2015/TT-BLĐTBXH guiding the implementation of Article 52 of the 2013 Labor Code and some provisions of Decree 28/2015/NĐ-CP detailing the implementation of certain provisions of the 2013 Labor Code regarding…

The Vietnam National Assembly issues Decree 94/2023/NĐ-CP on Value-Added Tax Reduction Policy according to Resolution 110/2023/QH15

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On December 28, 2023, the Government issued Decree 94/2023/NĐ-CP, outlining the value-added tax reduction policy in accordance with Resolution 110/2023/QH15. Subjects of Value-Added Tax Reduction Specifically, Article 1 of Decree 94/2023/NĐ-CP specifies that the value-added tax reduction will be applied to groups of goods and services subject to a tax rate of 10%, excluding the…

The UK officially joins CPTPP from 2024

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Despite being formally signed in 2023, the UK’s entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) only officially takes effect from 2024, following the completion of domestic legal processes by the UK Parliament. Joining the CPTPP is considered the UK’s most significant trade agreement since its departure from the European Union (EU)…

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