Want to be in the loop?
subscribe to
our notification
Business News
POLICIES COME INTO EFFECT IN DECEMBER
A string of fresh policies on holiday salary, pensions for female laborers, social insurance for foreign workers shall come into effect in December. Working duration serves as the basis for calculating severance allowance and redundancy pay The Government issued Decree No. 148/2018/ND-CP (“Decree 148”) on October 24, 2018 amending, supplementing certain guidelines of Decree No. 05/2015/ND-CP detailing the implementation of the Labor Code. Decree 148 shall become effective from December 15, 2018.
According to the current regulation, the working duration that is previously used by the employer as the basis to pay severance allowance (if any) to employee, is incorporated into the working duration for the purpose of calculating future severance allowance and redundancy pay. However, Decree 148 has amended this regulation. Accordingly, working duration that was already used as the basis to compute redundancy pay previously, will not be used to compute redundancy pay thereafter.
The basis for calculation of salary for annual leave, extra annual leave by seniority, public holiday, Tet holiday, paid leave is the salary indicated in labor contract of the preceding month. However, according to Decree 148, the basis for calculation has been changed to salary stated in labor contract.
Adjustment of pensions for female laborers
Decree 153/2018/ND-CP shall come into force on December 24. Decree 153 defines policy on adjustment of pensions for female laborers who start to receive pensions for the period from 2018 to 2021 and have paid social insurance premiums for full 20 years to 29 years and six months.
The Viet Nam Social Security reported that in the 2018-2021 period, the number of female laborers who paid social insurance from 20 to 29 years and six months will touch about 91,000 including 20,500 ones in 2018; 22,000 in 2019; 23,500 in 2020 and 25,100 in 2021.
More pupils eligible for exemption from tuition fees from academic year 2018-2019
Under Decree 145/2018/ND-CP, in addition to 15 cases specified in current regulations, from academic year 2018-2019 (September 1, 2018) children aged five entering kindergarten shall be entitled to exemption from tuition fees if they reside in areas with extremely poor conditions for socio-economic development whose parents or father or mother or guardian permanently reside in extremely poor towns, ethnic minority areas, mountainous areas and islands.
Foreign workers are required to pay 8pc of compulsory social insurance premium from 2022
Decree 143/2018/ND-CP came into force from December 1 stipulates that any foreign worker working in Viet Nam is a mandatory participant in social insurance if he/she is granted a work permit or practicing certificate or practicing license by a Vietnamese authority and enters into an indefinite-term labor contract or fixed-term labor contract with an employer in Viet Nam.
An employee shall contribute 8pc of monthly salary to the retirement and survivorship allowance fund (from December 01, 2018).
From December 01, 2018, contribution rate is 3pc of monthly salary for insurance premium payment to the sickness and maternity fund and 0.5pc to the occupational accident and occupational disease fund.
From January 01, 2022, contribution rate will be 14pc of monthly salary to the retirement and survivorship allowance fund.
Source: VIR
Related News
GOLDEN DEAL, KNOCK-DOWN OFFER
Are you ready for a fun-filled family vacation. Don't miss the super attractive Family Staycation package at Becamex Hotel. 2 days 1 night package with full amenities and free activities: Buffet breakfast, Swimming, tennis, bicycle, gym, sauna, cool ice cream, 300.000 VND service voucher and many other offers! Contact now for detailed advice.
"BEARY CHRISTMAS" CHARITY PROGRAM
As the Festive Season approaches, Caravelle Saigon, in collaboration with VinaCapital Foundation (VCF), is bringing a heartwarming charitable initiative to life — and we are delighted to invite all HKBAV members to take part in the very first “Beary Christmas” Charity Program. By adopting a Caravelle Bear for VND 299,000 nett, you will be directly supporting children battling cancer in Vietnam through VCF’s Can-Care/Can-Clover Program.
SOILBUILD INTERNATIONAL WINS “BEST INDUSTRIAL DEVELOPMENT” AWARD FOR SPECTRUM NGHE AN AT THE PROPERTYGURU VIETNAM PROPERTY AWARDS 2025
Soilbuild International is pleased to announce that its project, Spectrum Nghe An, has been awarded Best Industrial Development at the PropertyGuru Vietnam Property Awards 2025, held on 24th of October 2025, in Ho Chi Minh City. The PropertyGuru Vietnam Property Awards is part of the prestigious PropertyGuru Asia Property Awards series, the largest and most respected real estate awards programme in Asia.
WEBINAR: 2025 VIETNAM KEY TAX FINALISATION, UPDATES ON TAX CHANGES AND GLOBAL MINIMUM TAX
Dear Valued Client,We would like to invite you to our webinars on Friday, 12 December 2025, and Tuesday, 16 December 2025, to review and learn about key 2025 tax finalisation topics and stay ahead with the latest tax changes.
NEW ECONOMIC POLICIES EFFECTIVE THIS DECEMBER
Government Decree 304/2025, effective December 1, sets stricter conditions for seizing collateral, especially assets that are a borrower’s sole residence or essential work tools. In such cases, lenders must set aside a compensation amount equivalent to six to twelve months of minimum wage. The measure aims to improve transparency in bad debt handling and reduce credit risk in the banking system.
QUANG NINH TARGETS VND58 TRILLION IN TOURISM REVENUE
Quang Ninh Province is aiming to generate VND58 trillion in tourism revenue this year after surpassing its goal of 21 million visitors, driven by new tourism products, expanded nighttime activities, and large-scale events. As of mid-November 2025, Quang Ninh had welcomed 21.28 million visitors, up 12% year-on-year. Tourism revenue reached at least VND57 trillion, a 22.46% increase from the same period last year. With its visitor target achieved, the province is now pushing toward its revenue goal of VND58 trillion.
























