Vietnam is the 18th-largest country in Asia. It's also the 15th-most populated and the 67th-largest country in the world. The 96 million residents of this Southeast Asian nation are highly educated, active, and considered the country's most valuable economic asset.
Vietnam’s is approximately 82% the size of California.
Stunningly beautiful and safe, Vietnam has a rich heroic history. The country, a popular tourist destination, is known for its beaches, rivers, Buddhist pagodas, and bustling cities.
Vietnam's robust public education system contributes to the 94.52% national literacy rate. Chinese culture heavily shaped traditional Vietnamese society, although Western influences increased during the 20th century. Since the 1980s, there's been more exposure to capitalist lifestyles and a resurgence of cultural traditions.
The World Bank classifies Vietnam as a lower-middle-income economy with the following trade agreements and alliances:
Trade Agreements:
Alliances:
In recent modifications, the Vietnamese Labor Code expanded the definition of an employee to include anybody who performs services for an employer under a contract while being compensated, managed, and supervised by the employer.
The labor laws of Vietnam do not make any distinctions between different classes of workers. However, they do apply to:
Vietnam law requires an employee provides the employer with certain personal information before beginning employment, such as:
Employees working under normal working conditions:
For employees working in hefty, hazardous, or toxic working conditions:
Monthly
Health Insurance
Paid leave
Maternity
Paternity
Vacation/PTO days
Sick Days
Additional Leave
Additional Benefits
Holidays
Vietnam celebrates 17 national (public) holidays and multiple observances a year. Some have fixed dates set on the Gregorian calendar and others are based on the Lunar calendar, and thus observed on different dates each year.
The most important fixed-date holidays are:
The most important Lunar calendar holidays are:
Notice Periods
Severance Payments are half of one month's wages for each year of employment. Note, the following situations are exempt from severance pay requirements:
