Impact of increasing base salary to 2,530,000 vnd on Enterprises from Jul 01 2026

Question: “ How will the increase of the base salary level to 2,530,000 VND/month from July 01, 2026 under Decree 161/2026/ND-CP impact private enterprises, especially entities having contracts for provision of services to the public sector or having wage scales/tables referenced to the base salary?”   Answer: Although the direct subject of regulation of the […]

Legal Consequences of Failing to Conduct Mandatory Periodic Health Check-ups

Question: What administrative penalties will an enterprise face if it fails to organize periodic health check-ups for employees? Answer: When an enterprise fails to fulfill its obligation to organize periodic health check-ups for employees, direct financial risks will arise in the form of administrative monetary fines in accordance with Decree 12/2022/ND-CP. Specifically, the penalty framework […]

Is an employee who resigns without prior notice required to pay compensation?

Question: I signed a 02-year definite-term labor contract, but I currently want to resign immediately without giving prior notice to the company. Am I required to pay compensation?.  Answer: Pursuant to Article 35 of the 2019 Labor Code, an employee has the right to unilaterally terminate a labor contract, provided that the statutory notice period […]

Consultation on bank loans secured by valuable papers

Question: Our company plans to borrow capital from the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to invest in production and business. To secure the loan, the company intends to pledge all shares of the Vietnam Aircraft Leasing Joint Stock Company – an affiliated company of the Joint Stock Commercial Bank […]