Compulsory insurance applied for foreign employees working in Vietnam  Currently, foreign employee working in Vietnam are subject to compulsory healthcare insurance only and the employees are required to pay 1,5% 23 mil VND (20 times basis salary of Vietnam) and employer shall pay 3% of the same.  The social insurance and unemployment insurance are not…

Resolution 139/NQ-CP sets Action plan for enterprises’ costs cutting   On 9th November, 2018, the Government has issued Resolution 139/NQ-CP (Resolution 139) providing the Action plan for enterprises’ cost cutting, including costs for compliance with legal regulations in order to enter the Vietnamese market. The Government has requested Ministries, inter-ministerial agencies and local authorities to…

Economic Needs Test Under Decree 09/2018/ND-CP Under Decree 09/2018/ND-CP (Decree 09), effective on 15th January 2018, detailing the Law on Commerce and Decree 23/2007/ND-CP (Decree 23) on international goods sale and purchase and related activities of foreign-invested enterprises.  Decree 09 has removed some constraints caused under Decree 23 and the regulations of the 2014 Law…

Minitry of Industry and Trade sets procedures to control and verify the origin of exported goods On 30th October 2018, the Ministry of Industry and Trade (MOIT) has issued the Circular 39/2018/TT-BCT regulating on control and verification of the origin of the exported goods (Circular 39). Circular 39 enters into force on 14th December 2018….

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