Vietnam on Employee Benefits & Compensation

Vietnam has adopted a new comprehensive Law on Social Insurance (Law No. 41/2024/QH15). It will come into effect on July 1, 2025 ("LOSI 2024").

This article provides a summary of important changes related to the implementation of employee stock ownership plans (ESOPs) for foreign entities operating in Vietnam.

On 30 June 2024, the Government issued (i) Decree No. 73/2024/ND-CP regulating base salary and bonus regime; and (ii) Decree No. 74/2024/ND-CP regulating the minimum salary ...