However, in order to apply those provisions, enterprise must satisfy the following conditions: Pay according to the state budget; profit for the year shall not be less than last year; increase the average wage to low than average labor productivity growth.
Contents are regulated by the Ministry of Labor, War Invalids and Social Affairs in Official 4524/LDTBXH-LDTL on December 4th 2012.
Thus, if they meet with the conditions then the current state enterprises make profits may consider appropriate salary to further improve the salaries, remuneration and bonus for planning salary and pay employees.
Official takes effect from the date of signing.
With the rise of the digital age, Vietnam has experienced rapid growth in internet usage,…
Foreign companies entering Vietnam's thriving market face unique legal questions, especially around employing local talents.…
On October 3, 2024, Thailand’s Department of Foreign Trade (DFT) had officially launched an anti-dumping…
Introduction For foreign businesses eyeing the fast-growing Vietnamese market, setting up a Vietnam Representative Office…
On September 25, 2024, the Ministry of Industry and Trade officially initiated an anti-dumping investigation…
The Weinstein International Foundation (WIF) has officially launched the 2024 International Mediation Writing Competition (IMWC2024).…