Social Insurance in Vietnam
Employees will have to pay an eight percent rate, while employers contribute 17.5 percent to the social insurance fund. As with Vietnamese employees, the mandatory social insurance scheme for foreign employees covers sickness, maternity, occupational diseases, accidents, retirement, and death. Social insurance was made mandatory for all working ...
Vietnam’s New Minimum Wage Effective from July 1, 2024
Aug 12, 2024 · On June 30, the Government issued Decree 73/2024/ND-CP regarding the new basic salary and Decree 74/2024/ND-CP concerning the new minimum salaries, both of which took effect from July 1, 2024.. As a result, the capped salaries used to calculate contributions for social insurance, health insurance, and unemployment insurance will increase accordingly.
Vietnam Labor Laws - Vietnam Guide | Doing Business in Vietnam
In this regard, Vietnam approved an amended Labor Code, which came into effect in January 2021. The amendment to the labor regulations is a step towards aligning with international labor standards, particularly as Vietnam integrates into the world economy, as noted by the International Labor Organization (ILO).. Companies doing business in Vietnam must ensure …
Why Vietnam’s Infrastructure is Crucial for Economic Growth
Sep 9, 2022 · According to the most recent World Bank report, Vietnam is positioned 47 th out of 160 countries in infrastructure rankings and 103 rd in road quality as per the World Economic Forum’s ranking. As FDI pours into Vietnam, along with the government’s determination to implement Industry 4.0, the current state of infrastructure is unable to keep up.
List of Major Banks in Vietnam
ANZ exited the Vietnam market in 2018 and sold local operations to Shinhan Bank (Korea) Bangkok Bank. Bank of China. Bank of India. BNP Paribas. BOA closed. CIMB Bank. Citibank Vietnam exited the Vietnam market in 2022 and sold local operations to United Overseas Bank (Singapore) Commonwealth Bank of Australia.
Foreign Investment Scope in Vietnam’s School Education Sector
Oct 14, 2024 · Source: Resolution 35. To achieve this goal, the government has outlined steps to improve the investment environment in education, including facilitating visa and work permit processes to attract foreign intellectuals, businesspeople, and …
Vietnam Visa Costs 2024: A Complete Guide
Oct 4, 2024 · What is a separate visa? Regulation concerning separate visas is promulgated under the Law on Foreigners’ Entry in, Exit from, Transit through and Residence in Vietnam 2014, amended by Law No. 51/2019/QH14 dated November 25, 2019, and Law No. 23/2023/QH15 dated June 24, 2023.. Accordingly, a separate visa is a form of visa in addition to a passport …
Vietnam’s Middle Class: Size, Consumer Trends, & Business …
Jul 5, 2024 · Vietnam aspires to attain upper-middle-income status by 2030 and to achieve high-income country status by 2050. The middle class in Vietnam is expected to expand to 26 percent of the population by 2026, up from 13 percent (approximately 13 million people) in 2023, creating significant opportunities for businesses. Economic trajectory of Vietnam.
Business, Legal, Tax, Investment, Accounting News | Vietnam Briefing
Corporate Tax Planning for Businesses in Vietnam in 2024. Media. Vietnam Briefing has developed into a premium source for insight on doing business in Vietnam. It publishes business news concerning foreign direct investment into Vietnam, including the most important tax, legal and accounting issues. The Vietnam Briefing Magazine was first ...
Vietnam Guide | Doing Business in Vietnam - Vietnam Briefing
This guide provides vital economic, geographic, and regulatory insights and guidance that business investors, managers, or expats need to understand Vietnam, and chart their path to a healthy business. Find spotlight and explainer articles, news updates and factsheets, useful tools, as well as webinars and videos featuring on-the-ground ...