Decree 70/2023/ND-CP: Changing the Game for Foreign Workers in Vietnam – 5 Game-Changing Tweaks

🌏 Calling All Global Professionals! 🌏

Hey there, legal eagles and global wanderers! Today, we're diving into a whirlwind of changes that have just hit the foreign worker scene in Vietnam. The Vietnamese government recently rolled out Decree No. 70/2023/ND-CP, and it's shaking up the landscape for expats and the companies that employ them. This decree, which came into effect on September 18, 2023, serves as an amendment to Decree No. 152/2020/ND-CP concerning foreigners working in Vietnam. Buckle up, because we're about to explore five significant shifts brought about by this decree.

👉 Discover how issued work permits now serve as proof of your expertise.

👉 Learn how you can work at multiple locations with a single permit.

👉 Bid farewell to specialization requirements and embrace versatile skillsets.

👉 Find out which documents prove you're the boss in management positions.

👉 Get the scoop on new recruitment practices prioritizing local talent.

Buckle up, because we're about to take a whirlwind tour of the 5 biggest shake-ups in Vietnam's foreign worker scene, Ngọc Prinny style! 🌪️

1. 🏆 Work Permits: Now with Extra Bragging Rights!

Old news: Work permits were just boring paperwork. New hotness: Your work permit is now a shiny badge of expertise! 🌟

No more begging your old boss for reference letters. Your Vietnamese work permit now screams "I know my stuff!" to potential employers.

2. 🦸‍♂️ The Multitasking Superhero Permit

Before: One job, one permit, one location. Booooring! 😴 Now: One permit, multiple workplaces! You're basically a corporate superhero! 🦸‍♂️

Just remember to keep the authorities in the loop within 3 days of starting your multi-location adventures.

3. 🎓 Farewell, Specialization Straitjacket!

Old school: You needed experience in your exact field of study. New cool: Your skills are now as flexible as a yoga master! 🧘‍♂️

As long as your experience is relevant to the job, you're golden. Time to dust off those transferable skills!

4. 👑 Proving You're the Boss

Previously: It was hard to show you're management material. Now: Three magic documents to prove you're the king of the corporate jungle! 👑

1. Company Charter
2. Enterprise Registration Certificate
3. Company Resolution/Decision on appointment

5. 🇻🇳 Local Talent First: The New Hiring Hokey Pokey

Starting January 1, 2024:

1. Put your job ad up 🕺
2. Look for local talent 👀
3. If no luck, then bring in the international cavalry! 🌎

Companies must now do a little dance to prioritize local hires before bringing in foreign talent.

🎬 The Grand Finale

Vietnam's Decree 70 is like a blockbuster movie for the expat work scene – full of plot twists, new characters, and exciting developments! 🎥🍿

Whether you're a seasoned Vietnam veteran or a newbie looking to dip your toes in the Mekong Delta of opportunities, these changes are set to make your work life more flexible, recognized, and possibly more adventurous!

Remember, in the ever-changing world of international work, staying informed is your superpower. So keep your work permit close, your skills sharp, and your sense of adventure ready! 🚀

Your next career move could be just a click away. 🚀 #VietnamJobs #CareerAdventure #Decree70Unveiled #GlobalTalent #WorkinVietnam

#VietnamLaborMarket #Decree70 #ForeignWorkers #WorkinginVietnam #GlobalEmployment

📣 How to Withdraw Social Insurance in One Go as an Expat? 🤔

 📣 How to Withdraw Social Insurance in One Go as a Foreign Worker? 🤔

Hey there, folks! Today, we're diving into the fascinating world of social insurance for foreign workers in Vietnam. 🌏 So, if you're an expat working in this beautiful country and wondering how to cash in on your hard-earned benefits, buckle up and let's get started, Ngọc Prinny style! 🚀

The Social Insurance Law in Vietnam serves as a safety net, replacing or compensating a portion of a worker's income when they face a reduction or loss due to various reasons like illness, maternity leave, occupational accidents, reaching retirement age, or even the ultimate bummer, death. All of this is based on contributions to the Social Insurance Fund. 💼💔

And guess what? It's not just the locals who get to enjoy this sweet deal. Foreign workers, rejoice! You're also required to participate in social insurance while working in Vietnam. 🎉

But what exactly are the requirements for foreign workers to join the social insurance party, and what delightful benefits do they reap after completing their stint in Vietnam? These burning questions have been haunting some businesses here with foreign employees. Thankfully, the Ho Chi Minh City Social Insurance Agency has some answers for us! 🕵️‍♀️🔍

Let's start with the requirements, shall we?

🔍 Condition 1: Work Permit, Professional Practice Certificate, or License

According to Decree 143/2018, foreign workers are required to participate in social insurance if they possess a work permit, professional practice certificate, or professional practice license issued by the competent authorities in Vietnam. So, make sure you have these essential documents in your expat toolkit! ✅📝

🔍 Condition 2: Labor Contract or a One-Year Contract

To be eligible, you need to have either an indefinite-term labor contract or a fixed-term labor contract of at least one year with your employer in Vietnam. That's the key to unlocking your social insurance benefits! 🔑💰

Now, let's dive into the juicy part: the benefits!

Once you're part of the mandatory social insurance club, you get to enjoy the same perks as your Vietnamese colleagues. Think sickness benefits, maternity benefits, occupational accident and disease benefits, retirement benefits, and even survivor benefits or a lump-sum social insurance payment. 💸💪

But hold your horses, there's more!

What if you want to withdraw your social insurance benefits in one go? Can it be done? Absolutely! Here are the conditions you need to meet:

🎯 Condition 1: Retirement Age without 20 Years of Contributions

If you've reached retirement age but haven't completed 20 years of social insurance contributions, you're eligible for that sweet lump-sum payment. It's like hitting the jackpot! 🎰💰

🎯 Condition 2: Life-Threatening Diseases

Are you battling some serious life-threatening diseases like cancer, paralysis, or even good ol' tuberculosis? Then you qualify for the lump-sum payment. Just make sure you have the necessary medical records to prove your case. We're cheering for your recovery! 🎗️🏥

🎯 Condition 3: Retirement Benefits without Residence in Vietnam

Maybe you're retiring and planning to live your golden years elsewhere. No worries! As long as you're eligible for retirement benefits but no longer reside in Vietnam, you can still grab that lump-sum payment and enjoy your well-deserved break in another corner of the world. 🌴🌍

🎯 Condition 4: Expired Labor Contract, Certificates, or Licenses

If your labor contract, professional practice certificate, or license has expired without renewal, it's time to bid farewell to Vietnam. But don't worry, your lump-sum payment will be waiting for you at the exit. It's like a parting gift! 🎁👋

So, how is this magical lump-sum payment calculated, you ask?

According to the Social Insurance Law and Decree 143/2018, it's all based on the number of years you've contributed to social insurance. For each year, you'll receive two months' worth of the average monthly salary used for social insurance contributions, starting from 2014. Talk about a nice little bonus! 💸💃

Now, let's address the elephant in the room. What if you can't personally handle the paperwork and collect your payment?

No worries, mate! You can authorize someone else to receive the lump-sum payment on your behalf. Just make sure you follow the regulations for authorization under Vietnamese law. Safety first!

Go to the Notary Office with your Social Insurance Booklet & Passport 🔐👥

Thủ Thiêm Notary Office - Your Trusted Partner in HCMC, Vietnam 

But remember, the Social Insurance Agency will only pay the authorized person based on the contents of the authorization, be it in cash or through their personal account. No sneaky transfers to the company's account! 🙅‍♂️💼

Before we wrap up, here's a quick checklist for the documents you'll need to claim your lump-sum social insurance payment:

✅ Social Insurance Booklet

✅ Request form (Template 14-HSB)

✅ Translated and legalized passport

So, there you have it, fellow foreign workers! Now you know how to grab that well-deserved social insurance payout in one fell swoop. Remember, it's your hard-earned benefit, so make sure you claim it when the time is right. Cheers to a bright and secure future! 🎉🤩✨

Disclaimer: This blog post provides general information and should not be considered as legal advice. Please consult the relevant authorities or professionals for specific guidance regarding your social insurance benefits. Stay informed, folks! 😉📚💡