Latest News about Labor Code
Ho Chi Minh City authorities have set a target of creating 140,000 new jobs in 2021, according to the city Department of Labor, Invalids and Social Affairs’ plan for the year.
The Labor Code 45/2019/QH14, to take effect from January 1, 2021, has many changes aiming to protect the interests of workers as well as employers. Many interests of workers will be better protected versus the current regulations.
The number of repatriated citizens in the post-Covid-19 period is expected to increase, which will put pressure on the labor force and social security.
Large companies are not recruiting workers, while small and medium enterprises (SMEs) are laying off workers as they cannot maintain a big staff during the Covid-19 crisis.
Vietnam has constantly fine-tuned its policies to boost gender equality and empower women. It has strengthened the role of the political system and mobilized social resources to achieve these goals.
The Labor Code is a comprehensive legal document, specifying many contents such as labor contracts, the ability of workers to negotiate with employers, and minimum standards on working conditions, among others.
The amended Labor Code, which was approved in October 2019 at the 8th Session of the 14th National Assembly, will contribute to the completion of the provisions on gender equality.
Vietnam attaches great importance to sustainable and inclusive development, places people at the center and people is set as the goal of development, associating economic development with social security.
“How to make policies so that workers earn enough to afford their daily life, still have time to study and improve their skills, to entertain, to take care of themselves and their family...
The number of expats in Vietnam rose from 72,172 in 2013 to 88,845 in 2018, the majority of whom are holding key positions, including manager, CEO and technician.
National Assembly Deputies spent the whole day on October 23 discussing the draft of the Labor Code.
Seafood companies said because of the seasonality of the industry, organizing extra working shifts is a must to fulfill orders, though they have to pay more for overtime work.
Policymakers amending the Labor Code want to lift the retirement age but a survey has found that 50.7 percent of polled workers oppose the idea.
Economists have voiced their disappointment about the draft of the amended labor code, saying that the competitiveness of the national economy will weaken because of rigid regulations on extra working hours and wages.