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Outstanding policies take effect in February
A string of new policies on social insurance, bond development issuance, outbound investment shall come into effect from February, 2019.
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Transfer, mastery, development of overseas technology in VN enhanced
The PM has approved a plan on promotion of transfer, mastery and development of overseas technology in prioritized areas and sectors in Viet Nam till 2025, with a vision to 2030.
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Foreign-related policies come into force in 2018
A range of fresh foreign-related policies on compulsory social insurance of foreign employers, free visa extension, granting of tour guide licenses took effect in 2018.
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Monthly basic wage to increase
Under Resolution 70/2018/QH14 on State budget estimate for 2019, the National Assembly assigned the Government to adjust monthly basic wage from VND 1.39 million to VND 1.49 million for cadres, public employees and civil servants from July 1, 2019.
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FOREIGN EMPLOYEES shall be subjected to compulsory social insurance
Foreign employees working in Viet Nam shall be required to pay social insurance premiums since December 1, 2018, according to the Government’s recent Decree.