Laws in Vietnam

On October 24, 2018, the Government issued the Decree No. 148/2018/ND-CP amending and supplementing certain articles of the Decree No. 05/2015/ND-CP elaborating and providing guidance on certain contents of the Labor Code. The Decree provides amendments to certain information required in employment contracts to which employees and employers should pay attention 1. Information about the name and address of the employer Information about working and rest time shall be required. Such information may comply with arrangements made between both parties or agreements conforming to rules, statutes of the employer, the collective bargaining agreement and/or legislative regulations. a) Name of the contracting enterprise, entity or organization, cooperative, family households hiring or utilizing employees under employment contract based on the certificate of enterprise or cooperative registration or the investment certificate or the decision on establishment of a business enti

Employees who are foreign nationals working in Vietnam become compulsory participants in compulsory SI programs if they obtain work permits, practicing certificates, practicing licenses issued in Vietnam, indefinite-term employment contracts or employment contracts valid for at least one year with employers in Vietnam. The following persons are not required to participate in the compulsory health insurance program: - Intracompany transferees referred to in clause 1 of Article 3 of the Decree No. 11/2016/ND-CP ; - Employees reaching retirement age stipulated in clause 1 of Article 187 of the Labor Code . As also prescribed in this Decree, from January 1, 2022, each of employees mentioned above must pay the monthly health insurance contribution amount equal to 8% of his/her monthly pay into the retirement and death benefit fund.    * An employer must make monthly contributions which are the percentages of the payroll for employee’s SI contributions as follows: + 3%