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Employ Candidates Compliantly in Vietnam

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  1. Overview: Vietnam
  2. Expand without a company set up
  3. Global PEO and payroll
  4. Global HR Compliance
  5. Work permit for hiring expats via PEO
  6. Contractor vs. employee: which is better?
  7. Global Payroll Calculator
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Global Employer of Record (EOR) in Vietnam

What Is a Global Employer of Record?

A Global Employer of Record (Global EOR) is a third-party organisation that shoulders the legal and administrative responsibilities of hiring, employing, and managing staff on behalf of a client company. Unlike a standard Employer of Record, a Global EOR can operate across multiple countries, offering a unified solution for managing international employees.

This international talent engagement model is especially advantageous for companies expanding into new markets. Typically, such expansion would require establishing a local legal entity, a time-consuming process laden with bureaucratic hurdles. Global EOR circumvents this necessity. It allows companies to deploy staff in multiple jurisdictions without navigating the complexities of local employment laws, tax structures, and compliance norms. This streamlined approach eliminates the daunting upfront investment and operational costs of establishing a foreign subsidiary or business unit.

The flexibility of a Global EOR model makes it ideal for market testing and agile operations. Companies can quickly enter and exit markets, scaling their workforce up or down based on real-time needs and market conditions. Not only does this minimise risk, but it also preserves the company’s existing tax structure and corporate governance framework. The result is a more efficient, compliant, and strategic approach to international business expansion.

Global Employment Solutions

Compliance and legal guidance at every step of the Global Employment Journey. 24/7 local support.

1. Recruitment

2. Global Mobility

3. Checks

4. Onboarding

5. Payroll Administration

6. Working Time & PTO Processing

7. Benefits Administration

8. Tax Administration & Reporting

Offboarding

Talent skilled in highly specialised areas Employee Work Visa and Work Permit sponsorship Health checks Employment Agreement drafting In-country registration with statutory bodies Working hours Mandatory Benefits Tax Reporting frequency and requirements; Employment agreement termination:
Executive search Dependent Visa Criminal record checks Compliant worker onboarding on your behalf Day-to-day payroll management Overtime Health insurance Employer taxes & contributions Dismissal – by the employer
Contingency workforce Visa extension Background checks Account setup in the payroll and HR system​ Monthly pay slips or other pay frequency Public holidays Workers’ compensation Employee taxes & contributions Resignation – by the employee
Application for a sponsor license for a foreign national Education checks Employee data entry and records maintenance Accruals Annual leave Unemployment insurance Withholding tax Termination by mutual agreement
Relocation assistance Managing probation periods Allowances Parental leave Voluntary Benefits Local tax payments and reporting to local authorities Notice period handling
13th and 14th salary Sick leave Share plans for executives End of financial year reporting Final settlement & severance payments
Additional leave Bonuses & Equipment provision De-registration with statutory bodies
Expenses reimbursement & business trip processing
Health insurance, dental treatment

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Expand Your Reach in Vietnam with Express Global Employment

Navigating Vietnam’s Employment Landscape: Your Challenges, Our Solutions

Expanding your business into Vietnam comes with its own challenges, primarily centred around understanding and complying with local employment laws. Express Global Employment’s Employer of Record (EOR) services are meticulously designed to make this process as smooth as possible, ensuring that you can focus on your core business activities while we care for the rest.

Why Choose Our Services: Your Trusted Partner in Global Expansion

We are not just a service provider but a strategic partner committed to your business growth. Our services are crafted to serve a wide range of clients—whether you’re a direct employer or a service company representing international clients, we have solutions tailored to your specific needs. With our global reach, we also offer trusted services in 190 countries, providing a consistent and compliant employment solution wherever your business takes you.

Tailored HR Solutions: More Than Just Payroll

Our comprehensive package extends far beyond just payroll solutions. We assist in every facet of HR management, including strategic talent acquisition, seamless onboarding, and retention strategies. This holistic approach ensures that you have the most competent team in place, allowing you to quickly and effectively penetrate new markets, including Vietnam.

Your Shortcut to Compliance

Compliance with local laws is crucial, but it’s often complex and time-consuming. Our Global EOR services in Vietnam serve as a shortcut to achieving this. We handle all statutory requirements for your local and expatriate employees—from payroll processing to tax submissions—ensuring full compliance with Vietnamese labour laws. With us, you mitigate risks associated with non-compliance, saving both time and potential legal costs.

Mobility and Immigration: Global Employment on Your Terms

Expanding globally often means mobilising talent across borders. We simplify this by handling all immigration-related issues, including work permits and business visas. Once all legal aspects are sorted, we onboard your expatriate employees, ensuring a hassle-free experience for them and complete legal compliance for you. This support extends the potential of your workforce, whether sourced locally or internationally.

Holistic Support: Your End-to-End Solution

We don’t just help you onboard and payroll your team; we offer an end-to-end solution. From initial planning to continuous support, our service suite is designed to cover all your employment needs. This includes updates on labour law changes, social security registrations, and even severance handling, giving you a single point of service for all your employment-related needs in Vietnam.

The Express Global Employment Advantage: Peace of Mind in Global Employment

When you partner with us, you’re not just another client; you become part of a collaborative relationship aimed at achieving your global expansion goals. Our comprehensive Global EOR solutions provide you with peace of mind, knowing that all your employment needs in Vietnam are taken care of legally and ethically.

By choosing Express Global Employment, you ensure a seamless, risk-free expansion into Vietnam and other international markets. Our comprehensive approach to global employment and HR needs means you can focus on what you do best—growing your business.

Spotlight on Vietnam

Vietnam is a country with a strong economy and a number of investment opportunities. The government is committed to promoting economic growth and creating jobs. Vietnam is a good place to do business, and there are a number of opportunities for foreign investors.

  • Location: Vietnam is located in Southeast Asia, bordering the Gulf of Thailand, the Gulf of Tonkin, and the South China Sea, as well as China, Laos, and Cambodia.
  • Capital: Hanoi
  • Currency: Vietnamese đồng (VND)
  • Official language: Vietnamese
  • Population: 104.4 million (2023)
  • Labor force: 55.1 million (2023)
  • Most developing industries: Services (44.1% of GDP), industry (35.2% of GDP), agriculture (14.3% of GDP)
  • Main trading partners: United States, China, Japan, South Korea, Taiwan Province of China
  • Minimum statutory salary: Vietnam’s official monthly minimum wage varies by region, but the average national minimum wage in 2023 is VND 4,680,000 (approximately US$200).
  • Thirteen salary: A 13th month’s salary is a common practice in Vietnam, but it is not required by law. Many employers give their employees a 13th month’s salary as a kind of annual bonus, but the amount and eligibility criteria vary depending on the employer.

Economic Outlook

According to the World Bank, the Vietnamese economy is expected to grow by 6.2% in 2023. This is a slowdown from the 8.0% growth rate recorded in 2022, but it is still higher than the average growth rate for Southeast Asia.

The slowdown in growth is due to a number of factors, including the global economic slowdown, the war in Ukraine, and rising inflation. However, the Vietnamese economy is supported by a number of factors, such as a young and growing population, a strategic location, and a number of ongoing economic reforms.

Investment Opportunities

Vietnam is a country with a number of investment opportunities, including:

  • Manufacturing: Vietnam has a strong manufacturing sector, and there are opportunities for investment in various industries, such as electronics, textiles, and garments.
  • Infrastructure: Vietnam invests heavily in infrastructure development, and there are opportunities for investment in roads, bridges, ports, and airports.
  • Tourism: Vietnam is a beautiful country with a lot to offer tourists, including beaches, rainforests, and historical sites. Investment opportunities exist in hotels, resorts, and other tourism infrastructure.
  • Renewable energy: Vietnam has much potential for renewable energy development, such as solar and wind power. There are opportunities for investment in renewable energy projects.

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