Want to be in the loop?
subscribe to
our notification
Business News
GOV’T ISSUES DECREE ON FOREIGN WORKERS IN VIET NAM
The Government has issued Decree No.152/2020/ND-CP regarding foreigners working in Viet Nam and recruitment and management of Vietnamese working for foreign organizations and individuals in Viet Nam.
Under the Decree, foreigners working in Viet Nam are those who:
(i) work under labor contract;
(ii) or carry out contracts or agreement on economy, trade, finance, banking, insurance, science-technology, culture, sports, education, vocational training, health care;
(iii) or provide services under contract;
(iv) or offer services;
(v) or work for foreign non-governmental organizations or international organizations permitted to operate under Viet Nam’s law;
(vi) or work as volunteers;
(vii) or being responsible for setting up trade representative offices;
(viii) managers, managing directors, experts or technical personnel;
(ix) take part in the implementation of bidding packages or projects in Viet Nam
(x) being relatives of members of foreign representative agencies in Viet Nam who are working in the country under provisions of international treaties to which Viet Nam is a signatory.
At least 30 days prior to the date planned to start using foreign laborers, employees, except for contractors, shall be responsible for identifying the demand for foreign employees for each position that Vietnamese workers have yet to satisfy and explaining the issue to the Ministry of Labor, Invalids and Social Affairs or the provincial-level People’s Committees in the localities where foreigners are set to work in.
The Ministry of Labor, Invalids and Social Affairs or the provincial People’s Committees shall have to issue documents stating whether they accept or reject the use of foreign workers for each position within 10 working days since the reception of explanation about or report on the change in foreign laborer demand.
Prior to July 5 and January 5 of the following year, employers shall have to submit six-month and yearly reports on the use of foreign workers.
Source: VGP
Related News
REVISING VIETNAM'S ECONOMIC STRATEGY FOR NEW ERA
The period of 2024-2025 is important as Vietnam completes its 2021-2025 development plan. Revising economic strategies and policies to address climate change and global uncertainties is an extremely important task.
FOREIGN INVESTMENT ROOM DELIVERS MIXED PICTURE AT BANKS
While the foreign ownership limit at several top-tier banks has almost reached its cap with a desire for further expansion, other banks have significant room for international investment. Among the 27 listed commercial banks, 14 have foreign ownership rates exceeding 15 per cent of their charter capital.
DRIVING SUSTAINABLE IP DEVELOPMENT TO ATTRACT STRATEGIC INVESTORS
As a result, major strategic investors like Honda, Toyota, Samsung and Signetics have explored opportunities in Vinh Phuc, offering support for energy cooperation, "Net Zero" commitments, and green investment to boost sustainable development and add value to the local economy.
INNOVATING TECH INFRASTRUCTURE TO ENHANCE BANKING SECURITY
Vietnam's banking technology infrastructure has advanced significantly, improving performance and meeting customer needs in the digital age. However, further innovation is needed to sustainably grow and meet rising market demands.
SINGAPORE CRACKS DOWN ON ILLEGAL LENDING OPERATIONS
Preliminary investigations reveal that five individuals are accused of harassment and intimidation of borrowers, while 40 others are suspected of aiding loan sharks through ATM transactions. Another 50 suspects allegedly assisted illegal lenders by opening and using their personal bank accounts.
DRIVING SUSTAINABLE IP DEVELOPMENT TO ATTRACT STRATEGIC INVESTORS
As a result, major strategic investors like Honda, Toyota, Samsung and Signetics have explored opportunities in Vinh Phuc, offering support for energy cooperation, "Net Zero" commitments, and green investment to boost sustainable development and add value to the local economy.