Participating in social insurance is the obligation of the employee in Vietnam, but there are certain cases where the employee will not have to participate in social insurance.
Decree 141/2017/ND-CP has just been issued stipulating an increase in the regional minimum wage from 180,000 - 230,000 per month starting from January 1, 2018. Therefore, the mandatory social insurance contributions of enterprises in Vietnam will also increase accordingly. For specific content, you can follow the article below.
Employees in Vietnam are entitled to unilaterally terminate their employment contracts without the employer's consent if they fall into any of the cases stated in this article.
The 2014 Social Insurance Law clearly stipulates the conditions for entitlement to a retirement pension for those participating in Social Insurance (SI) in Article 54 and Article 55, which are that they must have the required number of years of SI contributions and must be of retirement age. In cases where these conditions are not fully met, employees in Vietnam may follow the methods below to maximize their retirement pension benefits.
The Ministry of Labor, Invalids and Social Affairs (Hanoi, Vietnam) is collecting opinions on the Draft on amendments to Decree 05/2015/ND-CP detailing regulations on the Labor Code 2012. The Draft is expected to be approved within the year 2018 and amends regulations related to employment contracts, wages, and disciplinary actions against employees in Vietnam.
From July 1, 2018, statutory pay rate in Vietnam increased from 1,300,000 VND/month to 1,390,000 VND/month. Consequently, several allowances for employees that are calculated based on the statutory pay rate will also increase accordingly. For specific information on the amounts of these allowances, please refer to the article below.
When participating in Social Insurance, employees in Vietnam who meet the necessary conditions will be entitled to unemployment benefits. What are the conditions and entitlement levels of unemployment benefits in Vietnam?
The Ministry of Labor, War Invalids and Social Affairs of Vietnam issued Official Dispatch 585/LDTBXH-PC to address some concerns regarding unemployment insurance, severance allowances for employees, employees unilaterally terminating labor contracts unlawfully, and the annual leave schedule.
Below is notable content in Official Dispatch 1391/BHXH-BT on the implementation of certain provisions under Resolution 42/NQ-CP and Decision 15/2020/QD-TTg in Vietnam.
In reality, there have been many cases where employees terminate their labor contracts with the company but still owe money to the company due to salary advances, borrowing money for personal consumption, retaining travel expenses, etc. So, what should the business do in these situations?
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