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South East Asia features some of the fastest growing economies in the world. The presence of varying landscapes and cultures make it one of the most diverse markets for business expansion.
After an amendment process that went on for four years, the National Assembly of Vietnam finally approved the New Labor Code in November 2019, and it went into effect beginning January 1, 2021.
The New Labor Code of Vietnam has some significant changes that will impact different enterprises and organizations within the country.
In Vietnam, there are many factors to consider when hiring employees. Background checks, terms of employment, minimum wage, laws on discrimination, and harassment are just a few of the considerations. Employment relationships are currently regulated using the 2012 Labor Code but will be supplanted by a new code coming into effect on 1st January 2021. Learn more about Employment Benefits in Vietnam.
