For many years, France has been an increasingly popular export destination for Vietnam’s goods. In 2014, this trend has only increased in its importance.
The administration of social insurance can be a complicated and confusing process for employers with operations in multiple countries. In this article, we explore social insurance in Vietnam in order to help clarify the key components of compliance in this country.
Regulations covering the Certificate of Free Sale (CFS) were devised under Decision No. 10/2010/QD-TTg promulgated on February 2, 2010. The laws went into effect on May 1, 2010 and required businesses to provide CFS that are issued by exporting countries or territories that verify that the product is manufactured and freely sold in the country where it is manufactured.
Foreign real estate investors are optimistic about the future of Vietnam’s investment environment, provided that the draft on the revised Law on Real Estate Business and the draft on the revised Law on Residential Housing are approved by the National Assembly later this year.
The number of foreign laborers coming to Vietnam has steadily increased in recent years, surging to over 88,000 workers at the end of 2012. The large majority of foreign workers that come to Vietnam are employees of foreign contractors, working for, or establishing, foreign direct investment (FDI) projects.