Change of employee’s work location
Question: Mr. X has been working for our company from December 2022 to the present in Ho Chi Minh City. The labor contract between the company and Mr. X includes the content: "Work location: Within the territory of Vietnam as directed by the Company." Currently, the company wishes to relocate Mr. X to work at […]
Transfer of shares procedure for foreign investors
Question: Our company in Ho Chi Minh City is a Joint Stock Company with 3 Vietnamese shareholders. The company does not own land, and currently, all shareholders want to sell all shares to three new shareholders (2 Vietnamese and 1 British). I would like to ask what procedures the company needs to follow? Answer: According […]
Registering foreign loan application
Question: Our company (100% Vietnamese capital) plans to obtain a long-term loan of $500,000 from another company in the Philippines for business purposes. I would like to inquire about the procedures that the company needs to follow before borrowing. Is there a need to open any specific accounts to receive the loan funds? Answer: Firstly, […]
Payment for transfer of contributed capital
Question: I am an American currently residing and working in Vietnam with a 2-year temporary residence card. I am planning to acquire the contributed capital of Mr. X (also an American) in Company A (a company with 100% foreign direct investment). I would like to inquire whether, when making the payment for the transfer of […]
Risks when applying for a work permit for foreign workers but not gaining income
Question: We have applied for a work permit for a foreigner. Purpose: When necessary, you will go to Vietnam to work directly without any problems with work permits. Ways of working: When you come to Vietnam to work, the Company will pay you a salary corresponding to your working time. From the time of applying […]
Social insurance collection for employers
Questions If the employee quitted from September 2023, but in October 2023, HR reported a reduction in insurance, resulting in arrears of health insurance.In October 2023, that employee still had income from severance pay. So according to the law, is the employee's 1.5% health insurance arrears out of the total 4.5% health insurance arrears payable […]
How to deploy e-documents and e-contracts?
Question: Currently, our company is researching to deploy e-documents and e-contracts with employees. I asked the lawyer to advise on the law, whether the use of the above documents is reasonable and whether there is anything to note when using them for the parties and inspect if necessary Answer: Participating Parties' voluntary agreement to enter […]
How are employees who voluntarily quit their job handled?
Question: The employee missed his shift for 7 days and the Company could not contact him. In this case, can the Company email the employee to request to terminate the contract because he has not appeared at work for 7 days and invite you to come and complete the resignation procedure? Answer: The company should […]