What is the schedule for public holidays and Lunar New Year holiday in 2024 in Vietnam? What is the salary payment time for an employer who receives an hourly, daily or weekly salary in Vietnam?

What is the schedule for public holidays and Lunar New Year holiday in 2024 in Vietnam?

Here are the details of the schedule for 5 public holidays and Lunar New Year holiday in 2024 for employees in Vietnam:

[1] Gregorian Calendar New Year Holiday in 2024:

- For employees who have weekends off (Saturday and Sunday): They will have a 3-day holiday from Saturday, December 30th, 2023 to Monday, January 1st, 2024.

- For employees who have Sunday off: They will have a 2-day holiday from Sunday, December 31st, 2023 to Monday, January 1st, 2024.

[2] Lunar New Year Holiday in 2024:

A 7-day holiday from February 8th, 2024 to February 14th, 2024.

[3] Hung Kings Commemoration Day in 2024:

A 1-day holiday on Thursday, April 18th, 2024 (corresponding to the 10th day of the third lunar month).

[4] Victory Day and International Labor Day in 2024:

A 2-day holiday from Tuesday, April 30th, 2024 to Wednesday, May 1st, 2024.

[5] National Day in 2024:

A 4-day holiday from Saturday, August 31st, 2024 to Tuesday, September 3rd, 2024.

What is the schedule for public holidays and Lunar New Year holiday in 2024 in Vietnam? What is the salary payment time for an employer who receives an hourly, daily or weekly salary in Vietnam? - image from internet

Who is responsible for paying the transanction fee when transferring salaries into the employee’s personal bank account in Vietnam?

Pursuant to Article 96 of the Labor Code in 2019 stipulating salary payment forms:

Salary payment forms

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, companies (the employer) shall pay the transanction fee when transferring salaries into the employee’s personal bank account in Vietnam.

What is the salary payment time for an employer who receives an hourly, daily or weekly salary in Vietnam?

Pursuant to Article 97 of the Labor Code in 2019 stipulating salary payment time:

Salary payment time

1. An employee who receives an hourly, daily or weekly salary shall be paid after every working hour, day or week respectively, or shall receive a sum within not more than 15 days as agreed by both parties.

2. An employee who receives a monthly or bi-weekly salary shall be paid after every month or every two weeks respectively. The payment time shall be periodic and agreed upon by both parties.

3. An employee who receives a piece rate or a fixed amount shall be paid as agreed by both parties. In case a task cannot be completed within one month, the employee shall receive a monthly advance payment based on the amount of work done in the month.

4. In case of a force majeure event in which the employer is unable to pay the employee on schedule after all remedial measures have been implemented, the salary shall be paid within 30 days. In case a salary is paid at least 15 days behind schedule, the employer shall pay the employee a compensation that is worth at least the interest on the amount paid behind schedule at the latest 1-month interest rate quoted by the bank at which the employee’s salary account is opened.

As regulations above, an employee who receives an hourly, daily or weekly salary shall be paid after every working hour, day or week respectively.

In addition, an employee who receives an hourly, daily or weekly salary shall receive a sum within not more than 15 days as agreed by both parties.

What are regulations on suspension pay for employees in Vietnam in case of a suspension of work?

Pursuant to Article 99 of the Labor Code in 2019 stipulating suspension pay:

In case of a suspension of work, the employee shall receive a suspension pay as follows:

- If the suspension is at the employer’s fault, the employee shall be paid the full salary under the employment contract;

- If the suspension is at the employee’s fault, the employee shall not receive the salary. If this leads to suspension of work of other employees in the same unit, they shall be paid an amount not smaller than the statutory minimum wages;

- In case the suspension is caused by an electricity or water supply issue that is not at the employer’s fault, or by a natural disaster, fire, major epidemic, hostility, relocation requested by a competent authority, or for economic reasons, both parties shall negotiate the salary as follows:

+ If the suspension does not exceed 14 working days, the salary shall not fall below the statutory minimum wages;

+ If the suspension is longer than 14 working days, the salary shall be negotiated by both parties and the salary for the first 14 days must not fall below the statutory minimum wages.

Best regards!