Senior Employees who are not yet eligible to enjoy pensions are construed as those who have not satisfied the condition on the time of social insurance contribution as prescribed by law[1]. Therefore, Employers are still obliged to pay the premiums of the following compulsory insurance for Employees: For SI contribution[2], Employees who work under LCs…

1.Compulsory insurance Under the law, elderly Employees on pension are not subject to compulsory insurance. Specifically as follows: For SI payment[1], those who enjoy pension, SI allowances and monthly allowances while entering into LCs are not subject to compulsory SI; For HI payment[2], monthly pensioners will be paid for SI insurance by the SI agency….

Under Article 186.3 of the Labor Code, for Employees who are not covered by compulsory SI, HI and UI, in addition to salary payment, Employers shall simultaneously pay Employees in their same salary period an amount equivalent to the level of payments for compulsory SI, HI and UI, and annual leave in accordance with the…

Pursuant to Article 166.3 of the Labor Code, in the year preceding retirement, Employees are entitled to a reduction of the normal working hours (at least 01 hour) or the regime of part-time work will apply. The reduced hours will be counted into the paid working hours. For example: If Company A has 8 working…

1.Severance allowance for foreign Employees The subjects of application of Labor Code 2012 include the following[1]: (i) Vietnamese Employees, Employees in apprenticeship and other Employees as prescribed in Labor Code; (ii) Employers; (iii) Foreign Employees working in Vietnam; and (iv) other agencies, organisations and individuals directly involved in the employment relationship. Therefore, technically, the regulations…