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 […]
Mergers and Acquisitions (“M&A”) has long become a popular term. M&A transactions not only bring benefits to the parties involved, such as increasing the efficiency of business operations or reducing or eliminating competitive pressures from competitors but also become an effective channel for capital mobilization for the economy, promote the process of renovating the growth […]
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 […]