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Client Alert, January 2020 - Changes to the Labour Law (Labour Code 2019)

 

The National Assembly of Vietnam adopted the Labour Code 45/2019/QH14 (“New Labour Code 2019”) on 20 November 2019, and which will be effective from 1 January 2021. After many rounds of negotiations, the updated New Labour Code 2019 seeks to harmonise interests between employees and employers, bringing changes to how employers and employees interact with each other. Notable changes found in the New Labour Code 2019 are detailed below.

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Client Alert, December 2019 - Changes to Immigration Laws for Foreign Individuals in Vietnam

 

On October 19, 2019, the National Assembly of Vietnam approved amendments to the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam (“Law”). The amended Law was formally issued on 25 November 2019 (Law 51/2019/QH14 on amending and supplementing a number of articles of the Law 47/2014/QH13 on entry, exit, transit, residence of foreigners in Vietnam) and will come into effect on 1 July 2020. In this article, we highlight key changes and updates.

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Vietnam Tax & Accounting Update December 2019

 

This December 2019 publication of our Tax and Accounting Updates looks at proposals to adjust deductible interest rate cap, formal adoption by the Government of increases to the Minimum Monthly Wage, new regulations on customs procedures, tax management for cross border import and export of goods, new regulations on penalties in the foreign currency and banking sector, and our regular review of recent Official Letters released by the Tax Authorities.

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2020 Vietnam Compliance Calendar

 

We have released our 2020 Vietnam Compliance Calendar, which provides an overview of the key dates and obligations for Accounting, Taxation, Payroll and Statistical Lodgements for Vietnamese entities for the next 12 months. This guide provides is an important foundation for any companies compliance and reporting planning in Vietnam.

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Employment in Vietnam – What you need to know

 

Employment and labour compliance in Vietnam is an area that can cause confusion and uncertainty to foreign investors entering and operating in Vietnam. In this article we cover the key steps, practical processes and procedures which companies need to follow when employing staff in Vietnam.

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2020 Vietnam Payroll Quick Guide

 

Our updated 2020 Vietnam Payroll Quick Guide effective for payrolls after 1 January 2020, reflects increased minimum wages and compulsory insurance contributions in certain circumstances. This guide assists employers and employees to understand general calculations and obligations with payroll and payroll related taxes and insurances in Vietnam.

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Vietnam Tax & Accounting Update November 2019

 

This November 2019 publication of our Tax and Accounting Updates looks at the proposed annual increases to the Minimum Monthly Wage and the Minimum Basic Wage for 2020, along with our regular review of recent Official Letters released by Vietnamese Authorities.
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Terminating Employment in Vietnam – What you need to know

 

Vietnamese Labour Laws are drafted with a core concept of protecting employees, and the ability to cease employment relationships in Vietnam is not always straight forward (or even permissible) in many cases. However, employers and employees can follow the regulations and to achieve their desired outcomes.

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Vietnam Tax & Accounting Update October 2019

 

This October 2019 publication of our Tax and Accounting Updates looks at a new Circular providing further guidance for the implementation of e-invoices, and includes our regular review of recent Official Letters released by the Tax and other Authorities.

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Please feel free to contact Domicile Corporate Services or visit us using the information below.

Vietnam Offices

Ho Chi Minh City:
Level 9, Abacus Tower
58 Nguyen Dinh Chieu, District 1 

Hanoi:
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49 Hai Ba Trung, Hoan Kiem District

Danang:
Level 3, Indochina Riverside Tower
74 Bach Dang, Hai Chau District

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Phone

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+84 (0)24 3266 3314 (Hanoi)
+84 (0)236 366 4662 (Danang)

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