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Official Gazette

Sunday, May 28, 2017
Tags: social insurance
Decision No. 2545/QD-TTg approving the Scheme on development of non-cash payment in Vietnam during 2016-2020 Decision No. 2545/QD-TTg approving the Scheme on development of non-cash payment in Vietnam during 2016-2020
Increase of retirement age proposed again Increase of retirement age proposed again
The retirement age in Vietnam, currently 60 for men and 55 for women, may be gradually raised to 62 and 60, respectively, according to a proposal of the Ministry of Labor, War Invalids and Social Affairs.
Foreign workers to be obliged to pay compulsory social insurance premiums Foreign workers to be obliged to pay compulsory social insurance premiums
Foreigners who enter into labor contracts with a term of at least full one month with Vietnam-based employers would have to participate in compulsory social insurance if they possess work permits, practice certificates or practice licenses granted by Vietnamese competent authorities.
Employers unemployment insurance payment rate to be cut by half Employers’ unemployment insurance payment rate to be cut by half
The Government has just okayed a proposal to halve employers’ payment rate to the unemployment insurance fund.
Official Gazette issues Nos 1-3 January 2017 published on March 22 2017 Official Gazette issues Nos 1-3 January 2017, published on March 22, 2017
Unions can sue for insurance Unions can sue for insurance
Tran Thi Thanh Ha, deputy director of the Center for Industrial Relations Development under the Vietnam General Confederation of Labor, tells Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) that her department will help grassroots Trade Unions sue employers that don’t pay workers’ social insurance, health insurance and unemployment benefits on time.
Govt. set to further improve the business environment Govt. set to further improve the business environment
Raising productivity and competitiveness of the economy and improving the business environment continue to be at the top of the Government’s agenda this year.
Government resolves to improve the 2017 business environment Government resolves to improve the 2017 business environment
Tasks and solutions to improve the business environment and national competitiveness this year have been highlighted in the Government’s Resolution No. 19 issued on February 6.
Businesses burdened with social insurance: lawyer Businesses burdened with social insurance: lawyer
Rising social insurance debt owed by businesses is a headache for social security authorities and trade unions which largely blame on employers’ disregard of law and their misappropriation of social insurance premiums paid by employees. This article adds another view holding that high social insurance payment rate is also a cause of the problem.
Damages for breach of contract under Vietnamese law Damages for breach of contract under Vietnamese law
Damages are a type of claim recognized by Vietnamese law. Article 302 of the Commercial Law defines “damages”[2] as the act whereby the party in breach of a contract (the contract breaker) compensates for loss caused by that party’s breach to the victim of that breach (the claimant). The regime for damages is provided in the Civil Code and the Commercial Law with notable differences between those texts. As the new Civil Code enacted by the National Assembly of Vietnam on November 24, 2015 (the 2015 Civil Code), will take effect from January 1, 2017, this article will provide comment on the relevant rules of this text. It will also give some drafting notes in respect of damages clauses. Please note that this article deals only with damages in contract and not in tort (i.e. when there is no direct contractual relationship between the parties).

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