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The act of evasion and late payment of Vietnamese social insurance takes place a lot in Vietnam. However, the sanctioning mechanism still lacks deterrence, leading to a lot of inertia, debt payment, and even evasion of social insurance payment, which severely affects society and employees’ rights in Vietnam. According to Vietnamese law, individuals and organizations…
05
Mar
Mar
From July 1, 2023, Vietnam’s base salary will officially increase from 1.49 million VND/month to 1.8 million VND/month, corresponding to an increase of 20.8%. The base salary regime affects many industries and fields in Vietnam, including health insurance contributions for households. Vietnam’s base salary was increased with the approval of the Resolution on the state…
17
Feb
Feb
On February 13, 2023, the Ministry of Industry and Trade of Vietnam issued Decision No. 235/QD-BCT on the application of official anti-dumping measures to table and chair products from China and Malaysia. On September 30, 2022, the Ministry of Industry and Trade of Vietnam issued Decision No. 1991/QD-BCT on the application of temporary anti-dumping measures…
18
Feb
Feb
A number of articles of Circular No. 107/2020/TT-BTC, which govern the transaction of repurchasing with a term of government bonds from temporarily idle state funds of the State Treasury, have been amended and supplemented by Circular No. 12/2023/TT-BTC, which was recently published by the Ministry of Finance (State Treasury). As a result, in order for…
17
Feb
Feb
In 2022, the Minister of Labor, Invalids and Social Affairs of Vietnam had a proposal on the lump-sum social insurance category in the next revised Law on Social Insurance regarding the careful consideration of the division of lump-sum social insurance allowance according to the contribution rate of Vietnamese employees and employers. Specifically, according to this…
16
Feb
Feb
According to the provisions of the Labor Code 2019 No. 45/2019/QH14 (“Labor Code 2019”), Vietnamese employees with remaining annual leave days will no longer be paid by the enterprise for the excess leave days. Accordingly, a part of Vietnamese employees wonders if they can transfer their annual leave to the following year. Currently, the law…
15
Feb
Feb
At some exporting and manufacturing companies in Vietnam, the employer might make an agreement with the employee not to use up their annual leave. Instead, that number of annual leave days will be used on days when the company has collective events such as team building, year-end meetings, etc., which are collective holidays for all…
20
Feb
Feb
If the probationary period has ended but the enterprise has not yet been able to make a decision on whether to accept or refuse to accept employees into the company, can they extend the probationary period for further consideration? The probationary period normally lasts about 2 months. Although it is quite a long time, for…
22
Feb
Feb
E-commerce platforms such as Shopee, Lazada, Sendo, Tiki, etc. have long been popular in Vietnam, becoming an e-commerce platform connecting sellers and buyers. However, individuals and organizations earning high profits on these platforms have not paid taxes in full according to regulations, which is suspected to constitute acts of tax evasion. In the following article,…
11
Feb
Feb
(Published on Vietnam Investment Review) Foreign-invested enterprises in Vietnam are making a comeback and on the way to recovery after the extremely difficult last few years. In order to support foreign-invested enterprises (FIEs) in Vietnam, the government has issued new policies that have recently taken effect to attract capital and help FIEs continue to recover…
