Currency: VND, Vietnamese dong (Rate)
Public Holidays: 12 public holidays (see here)
Employer Taxes: 21.5% of gross salary
Official Language: Vietnamese
Payroll frequency: Monthly
13th / 14th Salary: (what's this?) ****It is common in Vietnam to offer a 13th month salary bonus across all sectors.
The notice period is three working days for seasonal contracts (contracts lasting less than one year), 30 days for fixed-term labour contracts, and 45 days for an indefinite-term labour contracts.
Terminated employees (except those dismissed for a breach of company's rules) who have been working for an employer for at least one year are entitled to severance payments. This must be equal to half a month's wage for each year of employment.
Severance will not be required if the employee is absent from work without justifiable reason for five consecutive working days or more.
If the employer made contributions to the employee's unemployment insurance fund, they are not required to pay severance for the duration of time that the employees participated in the unemployment insurance fund.
Varies between 6 and 60 days
Minimum wages vary by region:
For trained employees, the minimum salary must be at least 7% higher than the regional minimum salary.
Post-employment non-compete agreements are not enforceable in Vietnam. They may, in some cases, be enforceable in a civil contract between employer and employee.
Eight hours a day, 48 hours per week.
Overtime work can be implemented with the agreement of both the employer and employee, but cannot exceed 50% of the normal working hours in a day. Overtime cannot exceed 30 hours per month and a total of 200 hours per year, except for some cases stipulated by the government.
Overtime work is paid at the following rates:
Employees are entitled to a minimum of 12 days of vacation leave per year. They earn one additional annual leave day for every five years of consecutive service for an employer.
Sick leave entitlement depends on how long an employee has paid their social insurance premiums. It is
Sick leave is paid at 75% of the salary of the month preceding the employee’s leave.
Employees are entitled to six months of maternity leave. For the birth of more than one child at a time, an employee is entitled to take an additional one month of leave for every additional child calculated from the second child onwards.
Maternity allowance is equal to 100% of the average monthly salary on which social insurance premiums were base for the 6 moths preceding the leave, and is capped at 20 times the base salary.
Employees are also entitled to five to 14 days of paternity leave, depending on the specific case, and are paid a pro-rated amount of the monthly allowance by the social insurance fund.
<aside> 💡 You can get a detailed breakdown of the employer contributions for any gross salary by using our Oyster Platform Quote Generator
</aside>
Corporate employers also pay 2% to a Trade Union Fund
<aside> 🌍 ← Country Knowledge Base
</aside>
<aside> 🚀 Check out our public Oyster HQ
</aside>
<aside> 📚 Visit Fully Distributed, the Oyster future of work blog.
</aside>
<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/19f9171a-9b7b-4b36-aeb1-d45c8adfe61b/Untitled_design.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/19f9171a-9b7b-4b36-aeb1-d45c8adfe61b/Untitled_design.png" width="40px" /> Website
</aside>
<aside> <img src="https://img.talkandroid.com/uploads/2016/01/twitter-app-logo.png" alt="https://img.talkandroid.com/uploads/2016/01/twitter-app-logo.png" width="40px" /> Twitter
</aside>
<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/198b2e5e-9753-4e92-901c-8c46bcf2ba3d/icons8-linkedin.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/198b2e5e-9753-4e92-901c-8c46bcf2ba3d/icons8-linkedin.png" width="40px" /> LinkedIn
</aside>