Consultation on Overtime Work

 Question: I would like to ask how overtime wages for employees are calculated. What is the maximum allowable overtime working time for employees? Answer: According to Article 98 of the 2019 Labor Code, it is provided that: “Overtime pay and night work pay 1.Employees working overtime shall be paid based on the unit wage or […]

Retention Period for Labor Records under Vietnamese Law

Question: Under Vietnamese law, how long is an enterprise required to retain labor-related documents (such as labor contracts, payroll records, personnel files, etc.)? Are there different retention periods for different types of documents? Answer: Regarding the retention period for labor documents, after reviewing the current legal regulations, SB Law clarifies the applicable timelines as follows: […]

Consultancy on Employment Contracts for Foreign Employees

Question: From what I understand, in Vietnam, the third fixed-term contract should transition into an open-ended contract. However, I’m not sure if this applies to foreigners as well. Answer:   In accordance with Article 151.2 of the Labor Code 2019, the duration of a labor contract for a foreign employee must not exceed the validity […]

LEGAL CONSEQUENCES OF AGREEING ON A FIXED-TERM LABOR CONTRACT EXCEEDING 36 MONTHS

Question: Our company is currently reviewing personnel records in order to proceed with the termination of certain 2-year fixed-term labor contracts that are approaching their expiry date, as the company no longer has a need to continue employing these workers. However, during the review process, we identified two cases in which employees had signed fixed-term […]

Consultation on the Procedures for handling violations of labor regulations

Question: My company is adjusting the process of handling violations of labor regulations, including applying a number of document templates as follows: 1.Coaching form: For light violations, a verbal warning is required. 2.Warning Letter: For medium level violations, a written warning is applie 3. Performance Improvement Plan: For more serious violations, apply demotion or delay […]

Official Dispatch 2125/TCT-CS 2024 on value added tax policy.

Value added tax policy

On May 20, 2024, the General Department of Taxation issued Official Dispatch 2125/TCT-CS 2024 on value added tax policy. Accordingly, in case the Company signs

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Corporate Income Tax Incentives

Corporate Income Tax Incentives

On May 20, 2024, the General Department of Taxation issued Circular 2133/TCT-CS 2024 regarding tax policies. Based on the amended Law No. 32/2013/QH13, which supplements

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Tax Policy on Capital Contribution Transfer in Foreign-Invested Enterprises

Problems with tax policy

On May 16, 2024, the General Department of Taxation issued Official Dispatch No. 2087/TCT-CS on tax policy problems. About Value Added Tax (VAT) Based on

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