Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter September 2013

Our Part I of this Legal Newsletter introduces a legal article titled “Big change in recruitment of foreigners” written by our lawyers Ms. Duong Tieng Thu and Ms. Nguyen Phuong Thao, issued in The Business Review Magazine on 26 September 2013. In this article, we analyze some provisions of Decree No.102/2013/ND-CP detailing the implementation of a number of articles of the Labour Code with respect to foreign employees working in Vietnam, representing a significant change in administration of foreigners working in Vietnam through the totally new requirements for work permit.

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

  1. New regulations on registration of the foreign loans guaranteed by the Government
  2. Violations in the securities sector may be fined up to VND2,000,000,000 for organizations and VND1,000,000,0000 for individuals
  3. Tightening the management of commercial bank’s operation network

 Our Question and Answer section in the Part III will provide you with information relating to whether a company is permitted to keep salaries and benefits of its employee who did not complete the handover of his/her work to the company.

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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