Managing Contracts and Severance in Vietnam - Preview

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Vietnam is undergoing a significant transformation in economic development, moving from
conventional production of low cost goods towards the output of more technologically
intensive products. While presenting significant opportunities for foreign investors, this has
simultaneously created a strain on domestic labor markets. With a finite pool of skilled labor,
now more than ever before, investors are exposed to issues stemming from the sourcing
of qualified talent and the retention of existing workers for the long term.
Although changes within Vietnam’s economic and production landscape do present
challenges, a firm understanding of contracting laws and decisive action on the part of
human resource managers can effectively safeguard and manage these issues as they arise.
To ensure that these dynamics are minimized, it is of critical importance that investors
maintain an understanding of Vietnam’s existing labor laws as well as employ systems of
monitoring to catch and assess new legislation as it is released.
In this issue of Vietnam Briefing, we discuss the prevailing state of labor pools in Vietnam
and outline key considerations for those seeking to staff and retain workers in the country.
We highlight the increasing demand for skilled labor, provide in depth coverage of existing
contract options, and showcase severance liabilities that may arise if workers or employers
choose to terminate their contracts.
Dezan Shira & Associates has a growing team of human resource specialists throughout
Vietnam providing our clients with years of combined experience in assisting foreign
enterprises navigate and effectively manage staffing and retention issues in the country.
For questions on how to best optimize contracts, manage hiring, and navigate issues of
severance, please contact us at vietnam@dezshira.com
Introduction
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Reference
Vietnam Briefing and related titles are
produced by Asia Briefing Ltd., a wholly
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Content is provided by Dezan Shira &
Associates. No liability may be accepted
for any of the contents of this publication.
Readers are strongly advised to seek
professional advice when actively looking
to implement suggestions made within
this publication.
This Month’s Cover Art
Village pond, Le Thanh Son
Oil on canvas, 80 x 125 cm
Green Palm Gallery
+84 97 762 7722