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…
Definition Wages are the money an employer pays an employee for completing their job duties. The law or the employment contract defines these duties. Clause 1, Article 90 of the 2019 Labor Code stipulates: “Wages are a monetary amount paid by an employer to a worker under an agreement to perform work, including remuneration that…
Vietnam’s national holidays and annual leaves can present significant complexities for businesses operating in the country. This guide aims to clarify the intricacies of Vietnam’s holiday and leave provisions, providing essential information for employers and HR professionals to ensure accurate and compliant practices. Holidays and Tet Article 112 of the Labor Code 2019 stipulates that…
Introduction Article 93 of the Labor Code 2019 stipulates: Employers must develop salary scales, salary tables, and labor norms as a basis for recruiting, employing workers, negotiating wages according to the job or title stated in the labor contract, and paying wages to employees. Labor norms must be average levels that ensure the majority of…
According to Official Dispatch No. 8662/VPCP-KGVX dated November 3, 2023, the Government Office approved the Ministry of Labor – War Invalids and Social Affairs’ proposal for the 2024 Independence Day holiday. Prime Minister Pham Minh Chinh has confirmed that the holiday will extend from August 31, 2024, to September 3, 2024.
Understanding Minimum Wage The minimum wage is the lowest wage paid to employees performing the simplest jobs under normal working conditions. Additionally, it ensures a minimum standard of living for employees and their families, consistent with economic and social development conditions (Clause 1, Article 91, Labor Code 2019). Starting from July 1, 2024, the minimum…
Summarize: Labor contracts in Vietnam are the cornerstone of the employer-employee relationship. They outline the agreed-upon terms and conditions, encompassing the rights and obligations of both parties. Understanding the key components of a labor contract is crucial for ensuring legal compliance and fostering a positive work environment. Essential Elements of a Labor Contract in Vietnam…
Summarize Understanding Invalid Labor Contracts An invalid labor contract fails to meet legal requirements and lacks binding value for both the employer and employee from its inception. Key conditions for a valid labor contract include: Parties involved Principles of contract conclusion Form of the labor contract Content of the labor contract The 2019 Labor Code…
Employment contracts are essential legal documents for both employers and employees in Vietnam. Misunderstanding these agreements can lead to disputes, legal issues, and financial losses. This guide will clarify the key components of labor contracts, including legal requirements, rights, and obligations. What is an Employment Contract? According to Article 13 of the 2019 Labor Code:…
Summarize: Who is an Employer? In a developing market economy like Vietnam, an employer encompasses state agencies, social organizations, economic units of various components, cooperatives, foreign agencies, organizations within Vietnam, individuals, and households. According to Clause 2, Article 3 of the Labor Code 2019: “An employer is an enterprise, agency, organisation, cooperative, household, or individual…
