The following article looks at the impact of Circular 59 on your business. Read more to find out how and where the Vietnamese government’s attempts to cut costs have passed on this burden to the private sector.
In an effort to clarify uncertainty surrounding Vietnam’s recruitment agency requirements , the following article focuses on entities that must use recruiting services, which types of recruiters may be engaged by such organizations, and how to make the most of the recruiting process
The Vietnam government recently issued a new decree to ensure greater rights for female employees. The regulatory change under Decree No 85 came into effect on November 15, 2015.
In Vietnam there are specific regulations on maternity leave that are unique to this country. It is important for foreign investors and companies to be made aware of the complexities of Maternity Leave in Vietnam.
Vietnam’s employee-friendly business environment is reflected in the degree of protection employees have from termination. In this article, we will explain when an employee may be terminated, which procedures need to be followed, and discuss severance payment.
Vietnam’s National Wage Council has voted for a 12.4% minimum wage increase in 2016. According to the Ministry of Labour, Invalids and Social Affairs (MOLISA)’s Vice Minister, increases will also take place in 2017.
The Ministry of Planning and Investment’s Foreign Investment Agency (FIA), has revealed that 213 education projects have received foreign direct investment, reaching a total of US$822 million registered capital up to May 20, 2015.
In recent years, foreign enterprises has proposed to extend the maximum overtime working hours for Vietnamese workers, but such proposals have been repeatedly declined by the Ministry of Labor, Invalids and Social Affairs, citing health of local workers.
For foreigners working in Vietnam, determining the applicability of personal income tax (PIT) to one’s situation involves decoding a set of intersecting criteria and rules. Here, we consider tax-exempt incomes, employment benefits that are not subject to PIT, and tax reductions for dependents.
Samsung Electronics will soon employ more local employees than any other foreign company in Vietnam. By July, the South Korean firm will have expanded their current local workforce from 40,000 to 100,000. Currently, less than half of the workers on its payroll are Vietnamese.