Contract[1] is a common document in the course of business activities, recording the agreement between the parties on the establishment, change, or termination of their rights and obligations. However, not all of the commercial contracts entered into by the parties are valid. Under the Civil Code of Vietnam (the “Civil Code 2015“), contract is a […]
In the course of advising enterprises in Vietnam for their business and conducting legal due diligence on target companies in M&A transactions, we found some legal issues below that many enterprises in Vietnam are frequently involved in. These legal issues construe administrative violations by the Company which are subject to certain fines and sanctions under […]
After more than 2 years of applying Decree 90/2019/ND-CP regarding the regional minimum wage for employees working under labour contracts, recently, the Vietnamese Government promulgate Decree 38/2022/ND-CP to raise it by 6% which has come into effect on July 1, 2022. (Unit: VND/month) This growth will affect the following labour issues which the employers should […]
Vietnam National Assembly Standing Committee has just promulgated resolution No. 17/2022/UBTVQH15 on increasing the employee overtime cap for socioeconomic recovery from Covid-19 pandemic (the “Resolution”). The Resolution takes effect from April 1, 2022. According to the Resolution, the employee overtime cap has been increased from 40 hours to 60 hours per month; and from 200 […]