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Severance benefits is financial support for employees when the labor contract ends. For foreigners working in Vietnam, the payment of severance benefits is made based on specific legal regulations in the Labor Code 2019. Through this article, Long Phan will provide detailed information. details on regulations, conditions, and procedures for paying severance benefits to foreigners.
Pursuant to the provisions of Article 46 of the Labor Code 2019, general regulations on severance benefits for employees. Accordingly, foreign workers working in Vietnam will receive severance benefits if they meet the following two conditions:
According to the provisions of Clause 1, Article 46 of the Labor Code 2019, for each year of work, employees are entitled to a subsidy of half a month’s salary. The salary used to calculate severance pay is the average salary of the 6 consecutive months under the labor contract before the employee quits his job.
Formula for calculating severance pay:
Severance pay = ½ x Working time x Salary
In there:
Note:
CSPL: Clause 1, Article 46 of the Labor Code 2019, Clause 3, Article 8, Decree 145/2020/ND-CP.
According to Article 46 of the Labor Code 2019 and Article 8 of Decree 145/2020/ND-CP, there are some cases in which foreign workers are not entitled to receive severance pay, specifically as follows:
Paying severance benefits to foreign workers requires businesses to comply with complex legal regulations. To support businesses in this process, Long Phan provides professional consulting services, including:
Paying severance benefits to foreign workers is an important task, not only ensuring the legal rights of workers but also demonstrating the social responsibility of businesses. Using professional consulting services helps businesses fully comply with legal regulations, optimize payment processes and minimize legal risks. If you need detailed support regarding this process, please contact the hotline immediately 0906735386 to receive advice from Long Phan’s legal experts.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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