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Official Gazette

Monday, September 16, 2019
Tags: overtime
Vietnam encourages RoK businesses to invest in specialized industrial parks Vietnam encourages RoK businesses to invest in specialized industrial parks
Vietnam encourages businesses from the Republic of Korea (RoK) to invest in specialized industrial parks targeting Korean firms and Vietnamese small- and medium-sized enterprises.
Working time and overtime regulations remain controversial Working time and overtime regulations remain controversial
The draft amended Labor Code is expected to be submitted to the National Assembly at its upcoming session this October. However, for the time being, opinions remain divergent on a number of issues such as shortening of working time and increase of the maximum overtime.
Lawmakers discuss overtime cap and retirement age Lawmakers discuss overtime cap and retirement age
Increasing the overtime cap and retirement age topped the agenda for lawmakers at the ongoing meeting of the National Assembly Standing Committee on August 14.
Revising the Labor Codes provisions on wages: Does minimum wage mean living wage? Revising the Labor Code’s provisions on wages: Does minimum wage mean living wage?
The draft revised Labor Code, which is expected to be passed by the National Assembly this October, contains several noteworthy amendments to the current regulations on wages.
Participation in ILO convention in line with Vietnams international integration Participation in ILO convention in line with Vietnam’s international integration
Vietnam’s participation in the International Labor Organization Convention 98 on the application of principles of the right to organize and bargain collectively is in line with the Party and State’s guidelines in international integration of labor and society.
Revised Labor Code expected to better protect laborers rights Revised Labor Code expected to better protect laborers’ rights
The Ministry of Labor, Invalids and Social Affairs is still working on draft amendments to the 2012 Labor Code, focusing on such issues as the Code’s governing scope, wage and overtime working hours, special labor, establishment of industrial relations, and unscheduled inspection.
Businesses rate good and bad regulations Businesses rate good and bad regulations
A list of 114 good regulations and 123 bad regulations was selected among 9,297 nominations sent in by people and organizations from many state agencies, associations and the business community in response to the rating of regulations concerning business activities first ever launched in Vietnam.
Regional minimum wage to rise soon Regional minimum wage to rise soon
From January next year, regional minimum wages for employees working under labor contracts will be VND 180,000-250,000 per month higher than those currently applied.
Ministry proposes revision of the Labor Code to be more beneficial for employees Ministry proposes revision of the Labor Code to be more beneficial for employees
The Ministry of Labor, War Invalids and Social Affairs (MOLISA) has recently proposed amendment of the 2012 Labor Code’s provisions concerning incentives for employers of female employees, overtime work, strike, and settlement of social insurance regimes for employees whose employers owe social insurance premiums.
Participation of private enterprises in compulsory social insurance Participation of private enterprises in compulsory social insurance
The compulsory social insurance premium rate in 2016 remain unchanged at total 26 percent of a monthly wage, in which employees will have to pay 8 percent of their monthly wage to the pension and survivorship allowance fund while their employers will pay 18 percent of full pensionable monthly wage (14 percent to the pension and survivorship allowance fund; 1 percent to the labor accident and occupational disease fund; and 3 percent to the sickness and maternity fund).

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