On October 8, 2021, the Government issued Resolution 126/NQ-CP on amending and supplementing some articles of Resolution 68/NQ-CP stipulating a number of policies to support employees and employers facing difficulties due to the Covid-19 pandemic which took effect on October 8, 2021. 5 main contents of the Circular include:
(i) Changing the conditions on the reduction rate of employees engaging in social insurance with respect to the procedure for temporary suspension of payment to the retirement – survivorship fund;
(ii) Lessening the conditions for employers to borrow loans to pay wages when the employees stop working, to pay wages for restoring production;
(iii) Expanding the group of employees who are entitled to the one-time support policy of VND 3,710,000/person when suspending labor contracts or taking leave without pay;
(iv) expanding the cases of employees entitled to one-time support of VND 1,000,000/person for those suffering from work suspension; and
(v) Expanding the group of employees entitled to the support of VND 3,710,000/person due to termination of their labor contracts.