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What is A Labor Contract? A Foreigner Guide To Signing Contracts in Vietnam
- 09 January 2024
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- by Huy Tran
The Vietnamese labor market is dynamic, with its rapid growth and evolving employment landscape. In this ever-changing environment, labor contracts play a pivotal role in defining the employment relationship between employers and employees. In this comprehensive guide, we delve deep into the intricacies of Vietnamese labor contracts. Whether you’re an employer looking to establish clear employment terms or an employee seeking to understand your rights, this guide aims to provide you with the knowledge and insights...
How To Get A Work Permit In Vietnam | A Detailed Guide For Foreigners 2023
- 13 December 2023
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- by Le&Tran Team
As globalization continues to foster international business relationships, Vietnam has emerged as an attractive destination for foreign professionals seeking career opportunities. However, working legally in Vietnam as a foreigner necessitates obtaining a work permit, a crucial document that signifies compliance with Vietnamese labor laws. In this comprehensive guide, we will explore the intricacies of obtaining a work permit in Vietnam, offering valuable insights into the application process, requirements, special provisions, renewal procedures, and more. Overview of...
Understanding Employment Contracts In Vietnam For Foreigners | A Guide In 2023
- 13 December 2023
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- by Le&Tran Team
Introduction Navigating the employment landscape as a foreigner in Vietnam can be a daunting task, especially when it comes to understanding the nuances of employment contracts. This guide aims to provide a comprehensive overview of employment contracts in Vietnam, specifically tailored for foreign workers. What is an Employment Contract? Basic Definition An employment contract represents an agreement between an employer and an employee governing the terms and conditions of the employment relationship. It can take various...
The Problem Of Corruption In Vietnam | A Deep Dive
- 13 December 2023
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- by Le&Tran Team
Southeast Asia, known for its diverse cultures and rapid economic growth, faces a common nemesis: corruption. A deeper focus on Vietnam reveals a nuanced tapestry of corruption that intertwines with its socio-economic progress. As Vietnam aspires to achieve sustainable development, the urgency to confront and eradicate corruption becomes pivotal for the country’s overall stability and prosperity. The Scale and Nature of Corruption in Vietnam Bribery and Embezzlement: The Most Common Forms of Corruption in Vietnam The...
Understanding Labor Cost and Its Implications for Businesses
- 12 December 2023
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- by Le&Tran Team
In today’s dynamic economic landscape, where businesses are constantly seeking ways to enhance competitiveness and profitability, one of the most critical aspects of financial management is the understanding and management of labor costs. Labor costs play a pivotal role in determining a company’s financial health, pricing strategies, profitability, and overall competitive advantage. In this comprehensive article, we will delve into the definition and calculation of labor costs, explore the various factors that influence them, and discuss...
Understanding Social Insurance in Vietnam
- 12 December 2023
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- by Le&Tran Team
In the vibrant mosaic of Vietnam’s socio-economic evolution, the concept of social insurance emerges as a cornerstone, transcending its financial implications to embody a collective promise of stability and societal welfare. As the country strides forward, steeped in rich cultural heritage and rapid economic advancement, social insurance assumes an integral role, not just as a protective financial measure but as a testament to the nation’s commitment to its people’s holistic well-being. Beyond the conventional safety net...
Whether or Not There Is A Denial of Responsibility on The School’s Part In The Increasing Incidences of School Violence
- 12 December 2023
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- by Vania Van
School violence is not uncommon. It has always been a hot issue causing concern for parents and frustration for the whole of society. In one recent incident of school violence, a 7th grade student at a junior high school in Tuyen Quang threw a slipper at a teacher and locked the teacher in the classroom, once again. angering Vietnamese society. It’s frustrating not only because this is a social problem involving violence occurring in the nation’s schools,...
Trump’s Corporate Death Penalty In New York? A Closer Look into The Trial
- 29 November 2023
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- by Lucia Pham
Despite the ongoing controversies surrounding Donald Trump like his indictment in Georgia or involvement in an alleged pyramid scheme, one case hits him the most: the current civil fraud trial in Manhattan, New York. Filed by New York AG (Attorney General), Letitia James, the case aims to dismantle the long-standing façade Trump has curated for himself as a talented New York-based entrepreneur with the Midas touch and a business empire to prove it. As the trial...
When Faking It ‘Til You Make It Goes Wrong: Frank vs. J. P. Morgan
- 20 November 2023
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- by Lucia Pham
For many aspiring entrepreneurs, Forbes’ 30 under 30 is a symbol of success for all of their hard work. But, for others, it’s a mark of trouble, with a few individuals finding themselves behind bars or in trouble for fraud. Notable imprisoned alumni from the Forbes 30 under 30 list include Elizabeth Holmes (infamous biotech startup Theranos’ founder), Sam Bankman-Fried (failed cryptocurrency exchange FTX’s founder), and Martin Shrekli (the “Pharma Bro” who faced a 7-year sentence...
The Digital Services Act: The Internet’s Safety Enforcer in Europe
- 25 September 2023
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- by Lucia Pham
On August 25, 2023, the European Union’s Digital Services Act (DSA) went into effect and it began to hold technology companies like Google and Facebook accountable for the content posted to their platforms. Despite only encompassing the EU, it is not to say that there are no far-reaching effects from the DSA as many companies will have to comply with the DSA’s enforcement and adjust their current content policy. As the primary goal of the DSA...
Unveiling Copyright Infringement: Understanding, Consequences, and Prevention
- 19 August 2023
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- by Le&Tran Team
What is copyright infringement? Copyright infringement is when someone unlawfully uses another person’s copyrighted work, which is protected by intellectual property laws. This includes copying, distributing, displaying, or performing the work without proper authorization. According to Article 5 of Decree No. 105/2006/NĐ-CP, infringement occurs when the following conditions are met: The work in question is covered by protected intellectual property rights. There is a clear indication of infringement in the work being examined. The person responsible...
How Taking a Vacation Improves Your Well-Being
- 19 August 2023
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- by Rebecca Zucker (Harvard Business Review)
Stop giving up on your paid time-off. Perhaps you’ve experienced first-hand feeling recharged and refreshed from a vacation in the not-too-distant past. Or maybe you and your team have been hesitant to take a vacation because you’re too busy at work. To create more sustainability for employees (and yourself), it’s important to not only regularly take available vacation time, but also to fully understand its benefits and encourage your team members to plan time off. Read...
