Consular legalization in Vietnam
I’m running a wholly foreign-owned enterprise in Vietnam and have recently recruited some foreign employees. As I know, these employees must have some of their papers consularly legalized in Vietnam in order to complete their dossiers to apply for working permits. How can they do that? According to the Vietnamese law, consular legalization is necessary […]
Unemployment insurance in Vietnam
I’m running a wholly foreign-owned enterprise in Vietnam with over 200 employees. Do I have to buy unemployment insurance for my employees in addition to social insurance? How does Vietnamese law prescribe the responsibility of enterprises for unemployment insurance? Under Vietnamese regulations, employees are required to participate in unemployment insurance when working under the following […]
What you need to know about foreign ownership of houses in Vietnam?
Foreigners will be allowed to buy houses and apartments in Vietnam, but only in limited quantity, according to a recently completed draft decree on foreign ownership of property in the Southeast Asian country. Foreign individuals and organizations will be entitled to possess no more than 30 percent of the number of apartments in a condominium […]
Use of foreign driver licenses in Vietnam
I am from the Republic of Korea and have a driver license granted there. May I use my driver license in the Vietnamese territory? According to Vietnam’s regulations on road motor vehicle driver training, driving tests, and grant of driver licenses, foreigners who have driver licenses granted by foreign authorities and wish to drive […]
Foreigner surety for family visit
I am a Taiwanese currently living in Vietnam. Can I stand surety for my wife and children to visit me in the country in the Lunar New Year holiday? According to the 2014 Law on Foreigners’ Entry into, Exit from, Transit through and Residence in Vietnam (effective as of January 1, 2015), temporary or permanent […]
Rights of investors in Vietnam?
Investors in Vietnam are entitled to receive basic rights as decreed by the government, including: Autonomy in investment/business: – Right to select investment sectors, forms of investment, methods of raising capital, location, scale, co-investors and operation duration of such investment project in accordance with current regulations and local planning schemes; – Right to register one […]
When can an employee receive an allowance for a job loss?
Employees might be entitled to job-loss allowance or severance allowance after the stop working at an enterprise. The payment of these benefits varies, depending on the circumstances and reasons why the employee retired or stopped working. Severance allowance is defined as the benefit paid to employees when the labour contract is terminated because it expired […]
“Tell me, why come to Vietnam”, asks the foreign investor
Why is Vietnam a potential place for investment for the foreign investors? Vietnam boasts of friendly laws for foreign investment allowing the foreign investors to investment in all the legally permitted business lines. The human resource in Vietnam is growing progressively with the skilled and trained youth graduating every year. At the same time Vietnam, […]