For the technical needs, Vietnamese companies usually uses experts from abroad. However, in case of short-term demand, Vietnamese companies will not sign labor contracts with foreigners but will sign labor outsourcing service contracts with foreign companies, then foreign companies will send workers…

When suffering from an occupational accident, depending on the level of loss of working ability, employees participating in labour accident insurance will be entitled to work accident benefits. However, determining whether an accident that an employee encounters is an occupational accident to be…

1. Security and order conditions for pawnshop service business  Pawnshop service, covering provision of money-lending service in which borrowers have to pledge lawful property at pawnshops. The pawnshop service business does not require a separate operating license, but it is necessary to apply for…

1. Regular first-half-year reports and annual reports on the employment of foreign workers  When employing foreign employees, the Employer shall be responsible for sending a  report on employment of Foreign Employees using Form No. 07/PLI Appendix I issued together with Decree No. 152/2020/NĐ-CP…

1. A competent authority confirming the Work Permit exemption  Currently, a document confirming the work permit exemption is only issued by 02 competent authorities, including:  Ministry of Labor, Invalids and Social Affairs (‘MOLISA’)  Department of Labor, Invalids and Social Affairs…

Procedures for applying for a business enterprise providing tax procedures services (tax agent) Pursuant to:   Law on Tax administration 2019  Circular No. 10/2021/TT-BTC  1. Requirements for issuance of the certificate of eligibility to do Tax Agent business  To become a Tax Agent business,…

Charter capital is defined as the total value of assets that have been contributed or have been committed to contribute by the members/owner/shareholders of the company; or the total par value of shares sold or registered to be purchased. Accordingly, the members/owner/shareholders have the right to…

Many businesses now choose to send employees abroad for training to foster professional skills for employees. For various reasons, the employee might violate the training contract during the training period. In addition to the fact that the employee may be liable under the training contract for…

The concept of Capital Surplus is quite prevalent within private joint stock companies (those that are not public companies). When a Joint Stock Company issues additional shares with a fixed Par Value (usually VND 10,000/share) which will be offered to increase its charter capital, the Selling Price…