To provide guidance on the regulations adjusting the retirement age for employees under the Labor Code, Hanoi has issued Decree 135/2020/ND-CP, which will officially take effect in Vietnam from January 01, 2021.
In 2020, there will be 05 labor and wage policies that come into effect, directly impacting all officials and public employees as well as workers. Specifically, they include:
To facilitate the convenience in updating and applying legislative documents on labor, Lawnet would like to send to our Customers and Members a compilation of 26 important legislative documents on labor in Vietnam that are still in effect as per the following table:
Hung Kings' Commemoration Day is the 10th day of the 3rd lunar month, according to the Labor Code 2019, officials and public employees and employees in Vietnam are entitled to a fully paid day off.
Recently, the Government of Vietnam has issued Decree 135/2020/ND-CP stipulating retirement age. The retirement age for employees in Vietnam will be increased in 2021. So, is increasing the retirement age for employees beneficial or detrimental?
Currently, most employees wish to claim their lump-sum social insurance payout for several reasons. However, when receiving lump-sum social insurance payout, employees in Vietnam will face many disadvantages.
A series of documents and regulations in Vietnam will officially come into effect in 2021. Among these, the regulations on retirement and pension will also undergo many changes.
To make it easier in planning for vacations, travel, going back to hometowns, etc., during the upcoming holiday, Lawnet would like to provide the expected holiday schedule for Hung Kings' Commemoration Day in Vietnam, April 30 and May 1, 2021, as follows:
January 1, 2021 is the official effective date of the 2019 Labor Code in Vietnam, which introduces several new regulations regarding severance pay. Notably, a new provision has been added that specifies a period of time which will not be included when calculating severance pay.
Recently, Hanoi issued Decree 90/2019/ND-CP on region-based minimum wages which comes into force in Vietnam from January 1, 2020, applicable to employees working under employments contracts.
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