Is it compulsory to pay employees in Vietnam in Vietnamese Dong?

Is it compulsory to pay employees in Vietnam in Vietnamese Dong?

Pursuant to Article 95 of the Labour Code in 2019 stipulating salary payment in Vietnam as follows: 

1. The employer shall pay the employee on the basis of the agreed salary, productivity and work quality.

2. The salary written in the employment contract and the salary paid in reality shall be VND, unless the employee is a foreigner working in Vietnam.

3. Every time salary is paid, the employer shall provide the employee with a note specifying the salary, overtime pay, nightshift pay and deductions (if any).

As regulations above, it is compulsory to pay employees in Vietnamese Dong, unless unless the employee is a foreigner working in Vietnam.

Is it compulsory to pay employees in Vietnam in cash? 

Pursuant to Article 96 of the Labour Code in 2019 stipulating salary payment forms in Vietnam as follows: 

1. The employer and employee shall reach an agreement on whether the salary is time-based, product-based (piece rate) or a fixed amount.

2. Salary shall be paid in cash or transferred to the employee’s personal bank account.

In case of bank transfer, the employer shall pay the costs of account opening and transfer.

3. The Government shall elaborate this Article.

As regulations above, it is not compulsory to pay salary in cash. Salary may be transferred to the employee’s personal bank account according to the agreement between the employer and employee

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