Question: Our company need your advice. By 2018, as the road-map on Social Insurance contribution, all subsidizes are included in salary for social insurance payment. We prepare our understanding and our proposal to change our benefit definition to meet with law changes that excluded in social insurance payment. It’s not in term of cost but it’s difficult to practice with fringe benefit. Please study our proposal and advise the consultancy cost.
Answer:
We understand that we were requested to provide legal advice regarding to benefit definition applicable to employees of Client in Vietnam. We further understand that such benefit definition shall be adopted in order to comply with law changes that excluded in social insurance payment. Thus, we are grateful to present you our Legal Services Proposal for your review and consideration.
1. SCOPE OF WORKS
Following works are proposed based on the request of Client. However, depending on the specific position/situation of Client, several work items may not be necessary. Meanwhile, other works may be required. SB Law shall immediately advise Client the same upon review documents of the case. Any additional works shall not fall under the scope of this Engagement Letter, but could be provided upon request.
- Studying subject matters to be interested by
- Studying Vietnam Law regarding to subject matters requested by
- Providing Legal Opinion on subject matters under Vietnam
- Explaining, clarifying if Client have any questions/ comments regarding the Legal Opinion (not exceed 02 working hours);
For avoidance of any doubt, the Legal Opinion shall address legal aspect of benefit definition adopted by Client in order to comply with law changes that excluded in social insurance payment. SB Law shall not provide any comments on economic or financial aspect of such benefit definition.
2. PROFESSIONAL FEE
The Price for performing the SB Law services as mentioned in item 1 above will be VND 12,000,000 (Tweleve million Vietnam Dong). The fee is exclusive of 10% VAT.
Hourly rate for extra working hours for explaining, clarifying if Client have any questions/ comments regarding the Legal Opinion shall be 4,000,000VND/1 working hour.
