Labour law conference requests FDI input

November 25, 2014 | 08:00

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A conference entitled Updates to the Labour Law and Trade Union Law – Impacts and Practical Guidelines for Implementation, organised by Nhan Viet Management Group (NVM) and Ho Chi Minh City’s Investment and Trade Promotion Centre (ITPC) is calling on both foreign and local businesses alike to join and provide their input and ideas.

Illustration photo - Source: internet

The conference is aimed at informing on and clarifying updates to the Labour Law of 2012 and Trade Union Law, which are hoped to remove obstacles facing businesses in terms of employment, labour management and trade union activities.

“Over the past two years since the labour law was enacted in 2012, ITPC has worked side-by-side with FDI enterprises and experienced firsthand their struggles in implementing the laws’ guidelines. Therefore this conference is hoped to identify ways to complete the legal framework to ensure a harmonious investment climate,” said Ho Xuan Lam, vice president of ITPC at a press conference held on November 24.

Huynh Minh Quan, NVM’s general director, also said that legal changes have had an enormous impact on businesses’ cost management strategies as salaries and benefits often account for more than half of enterprises’ total outlay.

“This is an opportunity for lawmakers to better understand the difficulties and barriers being faced by businesses in implementing the labour and trade union laws, and also for those businesses to fully understand current policies,” Quan said.

The conference will comprise two parts. The first will present on and analyse the government’s direction in attracting investment through the labour law. The second will will be a dialogue on updates to the labour and trade union laws. The conference is hoped to be joined by more than 250 foreign invested enterprises, local firms, and the trade associations of Europe, Canada, Korea, the Netherlands, Singapore and Japan.

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