Covid-19 Pandemic – Business Impact and Solutions Of Vietnamese Government
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Covid-19 - Business Impact & Vietnam's solutions
Due to swift and complicated developments of the COVID-19 pandemic, the Vietnamese Government has imposed numerous drastic measures and restrictions on personal movement to limit interpersonal contact and minimize the spread of the virus.
Particularly, in response to unprecedented challenges caused by the pandemic to businesses, the Government has recently issued several instructions on COVID-19 prevention regarding employment and work permits as follows:
1. Employment matters
1.1. Benefits for employees who are infected with Covid-19 or subject to mandatory medical isolation
1.2. Scenarios for employment arrangement
- (i) Allowing the employees to take annual leave or teleworking
- (ii) Reducing working time and/or salary
- (iii) Non-payment of salary
- (iv) Termination of labor contracts
2. Work permits and visas
2.1. Temporary suspension of entry of all foreigners
2.2. Temporary suspension of new work permit issuance
2.3. Renewal of visas / work permits in special cases
3. Support from Government
3.1. Deferral of payments to social insurance fund and trade union fund
3.2. Deferral of tax payment
3.3. Direct support for the citizens who are impacted due to Covid-19 from the Government
OUR SUPPORT
We do trust the above points are notable and sufficient, but should you have any questions or need a deeper discussion on this issue, please do not hesitate to contact us.
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Contacts
Minh Nguyen Partner, Head of Advisory Services
Alert - Impact of COVID-19 on Labour Relation
As businesses continue to navigate and adapt to the Covid-19 epidemic, many are asking how best to manage their labour force as businesses are inevitably slowing for most. Mazars Vietnam has compiled a list of frequently asked questions relating to labor issues below:
