Business consultancy
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Conditions for conducting non-life insurance business activities with foreign enterprises in Vietnam
Insurance business casualty in Vietnam are increasingly growing. Therefore, Vietnam is a potential market for the development of this industry. Foreign enterprises meet the legal conditions? The content below will help the process of implementing procedures, learn, apply for business licenses in Vietnam for business more advantageous. 1. Legal grounds for implementation - Insurance Business Law 2000 - Law amending and supplementing the Law on Insurance Business in 2010 - Decree No. 73/2016 / ND-CP enforcement insurance business - Circular No. 50/2017 / TT-BTC - Circular No. 194/2014 / TT-BTC 2. Foreign enterprises trading in non-life insurance VN should: a) Non-life insurance under the legislation VN. Article 3.18, Insurance Law 2000, as amended and supplemented in 2010 defined "non-life insurance ... -
The list of investment conditions for foreign investors
1. Publication the list of investment conditions for foreign investors - The provisions of Clause 1, Article 13 of the Government's Decree No. 118/2015 / ND-CP of November 12, 2015 guiding the Investment Law. The Ministry of Planning and Investment has announced the list of investment conditions for foreign investors on the National Information Portal on foreign investment. Website: https://dautunuocngoai.gov.vn - This list is a combination of conditional business lines for foreign investors in accordance with Vietnam's Schedule of Commitments in the World Trade Organization and other laws and ordinances. , decrees, international treaties on investment of Vietnam. - Accordingly, foreign investors are required to meet all investment conditions if they wish to implement investment projects on the list of investment ... -
The insurance premiums for foreign workers in Vietnam in 2018
In 2018 foreign workers in Vietnam will be participating in social insurance. So how are their insurance premiums? What is the maximum limit for participation in health insurance, social insurance of foreign workers? The first, on social insurance: Pursuant to Clause 2, Article 4 of Decision No. 595/QD-BHXH April 14, 2017: "Article 4.- Subjects defined in Article 2 of the Law on Social Insurance and documents guiding the implementation thereof, specifically as follows: 2. Employees being foreign citizens working in Vietnam having work permits or practicing certificates or practicing licenses granted by competent Vietnamese agencies (from January 1, 2018 as regulated by the Government)." Pursuant to Article 5 of Decision No. 595 / QD-BHXH of April 14, 2017 stipulating the social insurance ... -
What kind of insurance does a foreign worker have to join?
When joining the labor force in Vietnam, there will be the following insurance: + Firstly, on social insurance: Pursuant to the provisions of Clause 2, Article 2 of the Law on Social Insurance 2014, the subjects subject to social insurance shall be prescribed as follows: " 2. Employees being foreign citizens who work in Vietnam and who have work permits or practicing certificates or practicing certificates granted by competent Vietnamese agencies may participate in social insurance. Compulsory in accordance with the regulations of the Government. " Accordingly, the new Social Insurance Law 2014 stipulates that foreign employees are obliged to participate in compulsory social insurance. However, pursuant to Article 124 of the Law on Social Insurance, 2014, on implementation effect: " 1. This Law ... -
THREE KEY POINTS ON SALARY AND COMPULSORY INSURANCE FROM JAN 2018
Expansion of the definition of salary will lead to increased social insurance premiums, which would increase labor costs. Insurance premiums are, in fact, a great pressure, directly affecting the business costs of enterprises, reducing the employees’ net income; and the pressure is double for the labor intensive enterprises… Pursuant to the Law on Social Insurance 2014, Law on Employment 2013, Decree 105/2014/ND-CP and Decree 44/2017/ND-CP: # Note 1, premiums of compulsory social insurance (SI) and salary deductions include: Pension and death fund (PF). Labor accident and occupational disease fund (LF). Sickness and maternity fund (SF). Unemployment Insurance Fund (UI). Health insurance fund (HI). Applicable from 01/01/2018 according to the table below: # Note 2, in addition to Premiums, the basis for calculating the payable amounts will also be changed; the Law on Social ... -
THE CHANGE IN THE LAW ON SOCIAL INSURANCE POLICY SINCE 01/01/2018
The Law on Social Insurance 2014 takes effect from 01/01/2016; However, many of the important provisions until January 1, 2018 officially came into force. Here, KIM HUC synthesis for you easy to follow: 1. Two more subjects must participate in compulsory social insurance From 01/01/2018, besides those who pay compulsory social insurance in accordance with the current regulations, the following two subjects must also participate, specifically: Persons working under labor contracts with a term ranging from one month to less than three months; - Foreign laborers who are working in Vietnam and who have work permits or practice certificates or practicing certificates granted by competent Vietnamese agencies may participate in compulsory social insurance under the provisions of Goverment. (Based on Clause 1, Article 124 ...
