What types of employment agreements can be accommodated in Vietnam (i.e., fixed-term, part-time, hourly, etc.), and what are the restrictions for each type? Does Pebl have templates available?

Velocity Global Vietnam can accommodate the following types of employment agreements in Vietnam:

• Indefinite-term Employment Agreements
• Fixed-term Employment Agreements
• Hourly Employment Agreements:
• For hourly employment, the supported employee's working time must be specified in the employment agreement, such as Monday to Thursday from 9 am to 1 pm.
• Legally, a supported employee receiving an hourly salary can be paid either upon completing the hour of work or in a lump sum as mutually agreed with the company, provided the lump sum payment does not exceed 15 days.
• Part-time Employment Agreements:
• Similar to hourly agreements, the working hours must be specified in the employment agreement.

Velocity Global Vietnam provides templates for these types of employment agreements to facilitate compliance and clarity in Vietnam.

Is it necessary for the employment agreement to be bilingual with Vietnamese taking precedence in Vietnam?

Our employment agreement in Vietnam is drafted in both English and Vietnamese, with both versions presented side by side in a single document.

Can seniority be recognized in employment agreements in Vietnam, and if so, in what ways can this be reflected?

Seniority can be recognised in employment agreements in Vietnam. This is achieved by including language in the employment agreement that specifies an earlier start date for the supported employee for the purposes of determining employment benefits and tenure. Additional benefits may be provided in the employment agreement for senior employees in Vietnam.

Can variable compensation be included in the employment agreement in Vietnam, or should it be outlined in a separate Variable Compensation Plan?

Variable compensation should always be outlined in a separate Variable Compensation Plan and not included within the employment agreement.

Does the Variable Compensation Plan require a local translation in Vietnam?

No, the Variable Compensation Plan does not require a local translation in Vietnam.