Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter June 2013

Our Part I of this Legal Newsletter introduces a legal article titled “How to make an appropriate payment for severance allowance and retrenchment allowance?” written by our lawyer Ms. Nguyen Van Quynh and Mr. Ngo Nhat Minh, issued in Saigon Economic Times on 04 July 2013. In this article, we analyze some of unclear provisions of the Labour Code related to obligations of paying severance allowances and retrenchment allowances to employees of when the employer terminates labour contracts of the employees under Article 44 and Article 45 of the Labour Code.

In Part II, we would like to provide you with some remarkable regulations as follows:

  1. The corporate income tax rate will decrease to 22% from 1 January 2014;
  2. Novelties detailing implementation of the grassroots democracy regulation at the workplace
  3. Supervision and disclosure of the financial information of the state-owned enterprises

Our Question and Answer section in the Part III will provide you with information relating to personal income tax of employees.

Apart from the above, as usual, the selected list of news regulations is available for your further reference.

We hope that this Newsletter is of use to you. Should you have any questions, please feel free to contact us.

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