The General Statistics Office of Vietnam (GSO) recently released its report on the labor market situation in the third quarter of 2024. This report provides valuable insights into the current state of Vietnam’s workforce, shedding light on both positive and negative trends. Let’s delve deeper into the key findings.
Picture: Getty Images As we approach 2025, the financial landscape continues to be riddled with uncertainty, driven by volatile interest rates and persistent high inflation. These factors not only impact markets but also place immense pressure on individuals. The rising cost of living, coupled with concerns over job security and financial stress, intensifies the anxiety…
Picture: Getty Images The workforce is changing, and older workers are becoming a key part of that shift. Employees aged 75 and above are the fastest-growing segment. They’re either choosing to stay active in the workforce or are returning for financial reasons. Yet, many companies don’t fully recognize their value. HR policies and office setups…
Article 58 of Decree No. 145/2020/ND-CP outlines when employees are not working but the time still counts as paid working hours: 1. Rest Breaks for Continuous Shift Work Breaks in the middle of working time specified in Clause 2, Article 64 of this Decree. Clause 2, Article 64 of Decree 145/2020/ND-CP states that employees who…
Picture: Andy Roberts/Getty Images As new technologies reshape industries, businesses are facing an urgent issue: the skills employees have today won’t meet tomorrow’s demands. This growing mismatch between current skills and future needs is already affecting companies, impacting productivity, innovation, and competitiveness. Without action, businesses risk falling behind. In this blog, we’ll explore the nature…
Overview Suspension pay refers to wages paid to employees when they are not working due to reasons beyond their control, as prescribed by law or as agreed upon. According to Article 99 of the 2019 Labor Code, there are three circumstances under which employees are entitled to suspension pay: If due to the fault of…
Photo by Đạt Đào Introduction As Vietnam’s economy continues to grow and evolve, labor dispatch—also known as employee leasing or temporary staffing—has become an essential part of the workforce landscape. In Vietnam, labor dispatch refers to the practice of one company (the dispatch enterprise) hiring employees and then sending them to work temporarily for another…
Introduction In today’s business environment, maintaining accurate and compliant invoicing is essential for financial stability and legal integrity. Invoices are not merely transactional records; they are vital tools for tax reporting and financial transparency. However, when invoices are invalid—whether due to omissions, inaccuracies, or fraudulent activities—they can have devastating consequences, this article delves into the…
Picture: Getty Images Introduction Digital intrusions in the workplace have become a growing concern. Excessive messaging apps, work-related social media, and constant monitoring tools can harm employees’ mental health, work-life balance, and overall well-being. To address this issue, it’s crucial to understand the various forms of digital intrusions and their consequences, as well as implement…
Overtime pay in Vietnam is important. To ensure fair compensation for extra hours worked, the government has specific rules. This guide explains how overtime pay works, including conditions and night shift pay. Understanding these rules helps everyone, employers and employees, keep things fair. Definition of Overtime Article 107 of the Labor Code 2019 stipulates: “Overtime…
Introduction Navigating the complexities of payroll in Vietnam can be daunting for businesses, especially when it comes to understanding the SHUI system. SHUI, which stands for Social, Health, and Unemployment Insurance, is a critical component of the Vietnamese payroll system. Ensuring compliance with SHUI regulations is essential not only for legal reasons but also for…
Introduction Wages include the basic wage according to the job or title, wage allowances, and other additional payments. The wage allowance system significantly complements the job- or title-based wage system. The State’s regulations within this system ensure that all irregular and unstable factors in working and living conditions are adequately addressed, not fully considered in…
