Legal Updates

Impact of the minimum wage increase on employers

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 increases overtime cap from April 1, 2022

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 […]

The new deposit regulations when sending employees abroad for training purpose

The Government issued Decree 112/2021/ND-CP (hereinafter called as “Decree 112/2021”) on December 10, 2021, detailing a number of articles and measures to implement the Law on Vietnamese employees working abroad under contracts. The Decree came into force on January 1, 2022. According to the previous regulation in Article 10 of Decree 38/2020/ND-CP, enterprises that send […]

Type of enterprise under the law of Vietnam

When starting a business in Vietnam, apart from developing a marketing strategy, hiring staff and raising money, one essential thing to do is to choose a proper legal entity that works well for their business, solves tax issues, provides liability protection for owners as well. There are several entities for founders to select from when […]