On December 10, 2012, the Ministry of Home Affairs of Vietnam issued Circular 09/2012/TT-BNV stipulating the procedures and content of inspections regarding the recruitment, employment, and management of Vietnamese officials and public employees.
Severance allowance is the amount of money an employer pays to an employee after termination as a form of support for the employee who has contributed to the company over a period of time. Below is the latest methods for calculation for severance allowance in Vietnam in the year 2020.
During their working period, Vietnamese officials and public employees who do not meet health requirements or have personal matters that prevent them from continuing to work have the right to resign. In this case, what allowances are paid to Vietnamese officials and public employees?
January 1, 2021 is the official effective date of the 2019 Labor Code in Vietnam, which introduces several new regulations regarding severance pay. Notably, a new provision has been added that specifies a period of time which will not be included when calculating severance pay.
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