This is a significant new point in Decree 148/2018/ND-CP amending and supplementing several articles of Decree 05/2015/ND-CP providing specific regulations and guidance on the implementation of the Labor Code in Vietnam.
The employer in Vietnam is responsible for paying severance allowance or redundancy allowance for the actual working time of an employee and severance allowance for the actual working time of an employee before the transfer of ownership or right to use property when the employee terminates the employment contract.
Severance allowance, redundancy allowance, and unemployment benefits are benefits that employees in Vietnam may receive when they no longer work for the employer. To receive these benefits, employees must meet certain specific conditions. To be specific:
Are public employees who transfer to officials in Vietnam receive severance allowance? This is a question that Lawnet has recently received quite frequently from our Clients and Members. We would like to address this issue as follows:
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.
The Labor Code 2012 stipulates that when resignment, the employee is entitled to a severance allowance paid by the employer. Are employers in Vietnam obliged to pay severance allowance to employees in any case?
This is the notable content in Decree 112/2020/ND-CP on the disciplinary actions against Vietnamese officials and public employees issued by the Government of Vietnam on September 18, 2020.
This is the main content stipulated in Circular 148/2010/TT-BQP guiding the implementation of resignation policies for officials in the People's Army of Vietnam issued by the Ministry of National Defense.
On December 10, 2012, the Ministry of Home Affairs of Vietnam issued Circular 09/2012/TT-BNV stipulating the procedures and content of inspections regarding the recruitment, employment, and management of Vietnamese officials and public employees.
Severance allowance is the amount of money an employer pays to an employee after termination as a form of support for the employee who has contributed to the company over a period of time. Below is the latest methods for calculation for severance allowance in Vietnam in the year 2020.
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
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