Managing Human Resources in Vietnam
One of Vietnam's major advantages is its large, skilled and inexpensive labor force that makes it an attractive destination for foreign investors. According to last year's census, Vietnam has a population of 85.8 million people, the third most populated country in Southeast Asia and thirteenth in the world. Foreign companies wanting to do business in the country must ensure they follow the provisions of the Labor Code. It contains the legal framework for the rights and obligations of employers and employees with respect to working hours, labor agreements, social insurance, overtime, strikes, and termination of employment contracts, to name a few. In addition, there are regularly issued decrees and circulars guiding the provisions of the code.
To read the full version of this article, please purchase the April 2010 issue of Vietnam Briefing, which can be found in the Asia Briefing Bookstore. Companies requiring assistance may e-mail Dezan Shira & Associates at vietnam@dezshira.com for advice or visit www.dezshira.com.
