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Labor Law Updates for Vietnam

Labor management is one of the most critical, and longstanding management challenges in Vietnam. Since implementation of the 2019 Labor Code in January 2021, Vietnam's labor laws have undergone rapid revision. Most recently, key legislation has been amended and enacted, for example, the Social Insurance Law and Trade Union Law in 2024. In addition, the labor market environment is changing rapidly, with a significant minimum wage increase scheduled for January 2026, rising prices, and intensifying competition for talent. This article provides a comprehensive overview of the latest developments in Vietnamese labor law practices and corresponding practical considerations for company executives and HR/labor affairs personnel. In recent years, Vietnam has undertaken a major overhaul of key labor and social security laws...To read the full article, please see the PDF file

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Authors

廣澤 太郎

Taro HIROSAWA

  • Partner
  • Tokyo Hanoi / Ho Chi Minh City

In addition to seven years' experience in Vietnam, Taro also has experience in working as in-house counsel for a major trading company. He has strong expertise in cross-border M&A/joint ventures, real estate development, labor, compliance, crisis management deals, and international transactions. In recent years, the scope of his work has expanded to include Turkey and other Middle Eastern countries. He is also a member of the Agrifood Practice Team.

グエン・テイ・タン・フォン

NGUYEN Thi Thanh Huong

  • Partner
  • Hanoi / Ho Chi Minh City

Huong started her career at leading local and regional law firms with diversified national and international practices. In 2009, Huong began pursuing a master’s degree from the University of Melbourne, and after doing so, continued her legal career at a number of law firms. Her areas of expertise include M&A transactions, labor law, corporate law, real estate transactions, restructuring and insolvency, and compliance. Huong often advises clients on cross-border M&A deals in relation to real estate, banking and finance, services, and manufacturing. She also regularly supports clients in regard to the formation and registration of internal labor regulations, dealing with labor disputes, labor contract performance, and retrenchment. In addition, Huong assists clients with the incorporation, operation, restructuring, and termination of their businesses in Vietnam, including with respect to day-to-day commercial business, corporate governance, and compliance. In these areas, clients value her extensive experience and detailed knowledge of local laws and culture, as well as her timely, responsive, and effective support.