Managing Contracts and Severance in Vietnam – Latest Issue of Vietnam Briefing Magazine
The latest issue of Vietnam Briefing magazine, titled “Managing Contracts and Severance in Vietnam“, is out now and available to subscribers as a complimentary download in the Asia Briefing Publication Store.
In this issue:
- Identifying Trends in Vietnamese Labor
- Permitted Contract Structures Under Vietnamese Labor Code
- Contract Termination and Severance Obligations
Vietnam is undergoing a significant transformation in economic development, moving from conventional production of low cost goods towards the output of more technologically intensive products. While presenting significant opportunities for foreign investors, this has simultaneously created a strain on domestic labor markets. With a finite pool of skilled labor, now more than ever before, investors are exposed to issues stemming from the sourcing of qualified talent and the retention of existing workers for the long term.
Although changes within Vietnam’s economic and production landscape do present challenges, a firm understanding of contracting laws and decisive action on the part of human resource managers can effectively safeguard and manage these issues as they arise. To ensure that these dynamics are minimized, it is of critical importance that investors maintain an understanding of Vietnam’s existing labor laws as well as employ systems of monitoring to catch and assess new legislation as it is released.
In this issue of Vietnam Briefing, we discuss the prevailing state of labor pools in Vietnam and outline key considerations for those seeking to staff and retain workers in the country. We highlight the increasing demand for skilled labor, provide in depth coverage of existing contract options, and showcase severance liabilities that may arise if workers or employers choose to terminate their contracts.
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