Key changes in labour and compulsory insurance regulations from 2016 – Impact on employment costs
2016 is a pivotal year with considerable changes in labour and compulsory insurance regulations in Vietnam, with various new policies introduced and effective from 1 January 2016 or later this year. The new policies may lead to a significant increase in your company’s employment costs. As such, how to manage employment costs efficiently from 2016 and beyond should therefore be amongst the top priorities on the business agenda of companies. In this Tax Alert, we outline the key changes that will impact employment costs.
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