With the strong competitive advantages of geography, natural resources, and an abundant labor force, Vietnam is one of the leading investment destinations in Southeast Asia, attracting a large amount of capital each year. Despite being affected by the COVID-19 pandemic, in 2021, total newly registered, adjusted, and paid-in capital for share purchase by foreign investors […]
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Employment related cost is always a fundamental part of corporate operational costs. Some of these employment related costs are mandatory. The following information will provide foreign investors with an overview of the basic costs of an employee in Vietnam. 1. Salary Basically, the salary of each employee is negotiated and agreed upon by both the […]
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Currently, setting up a foreign-invested enterprise in Vietnam is no longer difficult too much, however, foreign investors (the “Investor”) should be aware of some key regulations related to the company establishment to strictly comply with. Regulation on capital contribution is one of the important points that the Investor should keep in mind when forming a […]
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On 15th December 2021, the Ministry of Labor, war invalids, and social affairs issued Circular No.18/2021/TT-BLDTBXH, which has affected on 1st February 2022. This Circular regulation on hours of work and hours of rest applies to employees doing seasonal production work and processing of goods under orders. This article focuses on some highlights of Circular […]
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