Severance allowance and unemployment allowance are allowances employees receive when they are out of work or not having a job. However, there are differences between these two allowances, specifically as follows:
Recently, due to the complicated situation of the Covid-19 epidemic, which severely affected the economy, the labor market of Vietnam was also affected. Therefore, a number of legal issues on unemployment benefits are always of great concern to employees.
In Vietnam, unemployment insurance is a type of social insurance aimed at providing support to employees when their employment contracts with enterprises are terminated and they are unable to find new employment within a certain period of time. This support is provided based on the contributions that employees have made to the Unemployment Insurance Fund.
In order to assist our Customers and Members in understanding Vietnam’s current labor and insurance laws to protect their legitimate rights, LawNet has compiled some important issues directly related to the rights of employees as follows.
What is unemployment insurance? What are the levels of payable unemployment insurance premiums? What are the conditions for unemployment insurance receipt? These are matters that many employees in Vietnam are very concerned about. The following article will help everyone answer these questions.
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;