From December 10, 2020, when the Decree No. 143/2020/NĐ-CP officially takes effect, the age eligible for policy of payroll downsizing is increased for downsized officials and public employees in Vietnam. In particular, increasing the age to enjoy the policy of immediate severance for these entities.
Officials, public employees, etc. subject to downsizing in 2021 will enjoy the new policy of early retirement according to the Decree No. 143/2020/NĐ-CP of Vietnam’s Government.
On December 10, 2020, the Government of Vietnam issued the Decree No. 143/2020/NĐ-CP amending Decree No. 108/2014/NĐ-CP on downsizing policies and Decree No. 113/2018/NĐ-CP amending Decree No. 108/2014/NĐ-CP on downsizing policies.
Policies on early retirement due to downsizing are regulated at the Decree No. 143/2020/NĐ-CP amending Decree No. 108/2014/NĐ-CP and Decree No. 113/2018/NĐ-CP on downsizing policies in Vietnam.
Recently, the Government of Vietnam has issued the Decree No. 143/2020/NĐ-CP on amendments and supplements to some articles of the Decree No. 108/2014/NĐ-CP and Decree No. 113/2018/NĐ-CP on downsizing policies.
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