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IMPACT – High
What is the change? A new labor law is set to go into effect on Nov. 1. However, many details about the implementation of the new law have not yet been made clear. More information is expected this week.
What does the change mean? The new law may enact significant changes for intracompany transferees and short-term work permits, as well as increase regulations for employers of foreign workers.
Background: The Ministry of Labour, Invalids and Social Affairs (MOLISA) is expected to release a circular this week that will make the implementation of Decree 102 more clear in preparation for its enactment on Nov. 1. BAL’s current interpretation of the law suggests that its most important changes for clients may include:
BAL analysis: Decree 102 is likely to present both significant benefits and significant disadvantages for clients. If the law is implemented as is currently indicated, it could become much easier to use ICTs, but equally more difficult to hire foreign nationals for short-term assignments. It is difficult to forecast how much more time will be required for immigration processes. BAL will continue to provide the latest updates and analysis on the situation.
This alert has been provided by the BAL Global Practice group and our network provider located in Vietnam. For additional information, please contact GlobalVisaGroup@bal.com.
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