In this Episode of “Advance in Vietnam” Podcast Series, Vlad Savin is discussing with Matthew Lourey, Managing Partner at Domicile Corporate about labour and employment updates for Vietnamese companies and how employers can ensure they remain compliant with the changing laws and regulations, looking as well at new provisions for residency and work permits for foreign individuals based in Vietnam.
Advance in Vietnam: Episode 5 - Labour, Employment, Work Permit and Residency Insights in Vietnam
Some of the topics in discussion are:
- General overview on the main points companies need to be aware of regarding the New 2019 Labour Code;
- How do Labour Contracts work in Vietnam and what are the various elements we need to be aware of?
- The duration and provisions for temporary resident cards for foreign individuals are changed under the new law. What are the new amendments according to the Law of Entry and Exit?
- What type of contracts does the new labour law prescribe and how should companies undertake them in order to be compliant?
- How does contract termination work under the new labour law and what are the key differences compared with the old law?
- Can employers unilaterally terminate Labour contractors due to the pandemic? Or can salaries or benefits be reduced under current regulations?
Listen to the Podcast on:
About the authors:
Matthew Lourey – Managing Director of Domicile Corporate Services
Matthew is a qualified accountant who has resided in Vietnam for more than 15 years. Matthew leads Domicile Corporate Services, which provides market entry, corporate advisory, compliance and tax advisory to foreign investors in Vietnam. He has extensive experience working in Australia for Big 4 accounting firms and investment funds, and since Matthew relocated to Vietnam, he has spent much of his time advising foreign investors on successfully undertaking business in Vietnam, corporate investment transactions, market entry and corporate finance.
Vlad Savin – Head of Business Development at Domicile Corporate Services
Vlad is a business development and marketing professional, who has resided in South East Asia for the last 7 years. He has wide experience in personal finance and corporate servicing, working with investment firms in Malaysia and Vietnam, while having a strong background in marketing, client service and events with international exposure. Vlad has been developing Domicile’s business strategy and growth, organizing and creating seminars and workshops for the foreign and local investor community in Vietnam, while assisting with client relationships and the overall brand positioning of the firm.