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 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 […]
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 […]
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 […]