On 20 November 2019, the National Assembly of Vietnam adopted the Labor Code No. 45/2019/QH14 (“New Labor Code”) after an amendment process lasting nearly four years. The New Labor Code took effect from 1 January 2021. On 14 December 2020, the Vietnamese government issued Decree No. 145/2020/ND-CP, which is more than 100 pages long, detailing and guiding the implementation of the Labor Code on working conditions and labor relations (“Decree No. 145”). Decree No. 145 will take effect from 1 February 2021 and replace various decrees under the former Labor Code.
The New Labor Code revises and supplements several provisions across all chapters of the current Labor Code, the changes for which are expected to have a significant impact on all enterprises and organizations that recruit labor in Vietnam, regardless of industry, business line or sector. Join Head of Baker McKenzie Vietnam Employment and Labor Practice and Partner Thuy Hang Nguyen, together with HR managers of Intel, Coca-Cola and other MNCs, where they guide you through a breakdown of the key changes and expected impact of these changes, including potential legal issues and best practice, as we enter Vietnam’s new employment regulatory framework.