Recently, the Government of Vietnam officially issued Decree 28/2020/ND-CP regulating administrative penalties in the field of labor, social insurance, and sending Vietnamese workers to work abroad under contracts.
What shall enterprises in Vietnam pay attention to when the 2019 Labor Code comes into effect? This is a question that Lawnet has received quite frequently recently. Lawnet would like to provide an explanation of this issue in the article below.
The corporate seal represents each business and is used to distinguish between businesses. Below are 04 new points about enterprise's seals in Vietnam that will be applied from January 01, 2021.
This continues to be one of the notable contents in the Draft Decree on the extension of the tax and land rent payment deadlines, which is currently under public consultation and is expected to take effect from the date of signing in Vietnam.
To support our Customers and Members in understanding the tasks to be completed and ensuring timely execution, Lawnet would like to send to our Customers and Members a summary of the legal tasks that accountants and human resources personnel need to complete in May 2020 in Vietnam. Details can be found in the below table.
Many enterprises in Vietnam will have to amend their labor regulations starting January 1, 2021. This is one of the impacts of the 2019 Labor Code on enterprises nationwide since this Law officially came into effect.
To ensure the enterprise's operations conducted smoothly and in compliance with legal regulations, Lawnet has summarized the legal tasks that an accountant of an enteprise in Vietnam needs to perform in August 2020 as follows:
M&A is understood as the activity of acquisitions and megers of enterprises. This term is an abbreviation of Mergers (Sáp nhập) and Acquisitions (Mua lại). The M&A Law in enterprises are currently not specifically regulated by law in Vietnam.
This is a right that employees in Vietnam need to be aware of when the employer delays payment of salaries from the 15th day onward, as stipulated in the Labor Code 2019.
According to the regulations, enterprises operating in industries with a high risk of occupational accidents and diseases in Vietnam are allowed to apply a mandatory social insurance contribution rate lower than the standard rate. In which cases are enterprise eligible to contribute at a lower rate?
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