Equitization of enterprises, how do redundant employees benefit from policies

Legal Consulting Office of Lao Dong Newspaper answers:

Article 44 of Decree 57/2026/ND-CP on restructuring state capital in enterprises (effective from February 13, 2026) stipulates policies for redundant employees as follows:

1. Employees working under labor contracts and employees of equitized enterprises at the time of determining the value of the equitized enterprise who have been assigned to represent capital in other enterprises but cannot be arranged jobs at the joint-stock company according to the labor use plan will enjoy policies for redundant employees according to the provisions of law.

2. Enterprise managers are considered and decided to arrange jobs by the representative agency of the owner. In case the representative agency of the owner has taken all measures but cannot arrange jobs, they are entitled to policies such as staff streamlining policies for cadres and civil servants according to the provisions of law.

3. Level II enterprise managers are considered and decided to arrange jobs by the Members' Council or Chairmen of state-owned enterprises. In case all measures have been taken but jobs cannot be arranged, policies are resolved according to the provisions of labor law.

Thus, from February 13, 2026, when enterprises are equitized, redundant employees will enjoy policies according to the above regulations.