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.
My father is currently working at a company in Vietnam; however, he is not subject to mandatory social insurance participation. Is my father eligible to any additional payment apart from the salary the company has already paid?
Conslusion of a labor contract is a very important milestone marking the engagement of both the employee and the employer in an employment relationship in Vietnam. Due to its crucial nature, when concluding a labor contract, both the employee and the employer must exercise due diligence.
In 2020, what are the items deducted from the monthly salary of employees in Vietnam? What are the deduction rates? This question was submitted by Ms. Nguyen Tuong Vy from Da Nang to Lawnet for assistance.
In 2020, what is the mandatory social insurance contribution rate for employees in Vietnam? What are methods for making social insurance contributions? This is a question from Ms. Nguyen Ngoc Anh in Ho Chi Minh City.
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