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EOR Partners in Vietnam
Employ in Vietnam
Vietnam, a fast-growing economy in Southeast Asia, offers vast opportunities for businesses seeking global expansion. With its competitive labor costs, strategic location, and a youthful, skilled workforce, Vietnam is an attractive destination for international business. EOR Partners provides Employer of Record (EOR) services to simplify your operations in Vietnam, managing payroll, compliance, and employee benefits, so you can focus on your business objectives.
About the Country of Vietnam
Vietnam has emerged as one of the most dynamic markets in Asia, with a robust economy driven by manufacturing, technology, and services. The country’s favorable investment policies, well-educated workforce, and rapidly growing infrastructure make it a prime location for companies looking to establish a presence in the region.
98.86 Million
Population
Dong
Currency
429.7 Billion
Global Domestic Product
Why Choose Vietnam For Global Expansion?
Vietnam offers numerous advantages for international businesses. Its rapidly growing economy, supported by government incentives and free trade agreements, provides a favorable environment for investment. The country's young and tech-savvy workforce, coupled with low operational costs, makes it an ideal destination for industries like manufacturing, IT, and services. Additionally, Vietnam’s strategic location in Southeast Asia offers easy access to other key markets in the region, enhancing its appeal as a hub for global business.
Employment Landscape
The labor market in Vietnam is vibrant and diverse, with a strong focus on manufacturing, agriculture, and technology. Employment laws are structured to protect workers while providing flexibility for businesses. With EOR Partners, you can ensure compliance with local labor regulations, including contracts, tax contributions, and employee benefits, making the hiring process seamless and hassle-free.
Our Services in Vietnam
EOR Partners provides a comprehensive suite of services for businesses expanding to Vietnam. We act as the Employer of Record, managing payroll, social insurance contributions, and income tax deductions. Our services include handling work permits and visas for foreign employees, ensuring compliance with Vietnamese labor laws, and providing guidance on employee benefits. Whether you’re hiring locally or relocating staff, we ensure a smooth and compliant process.
Employment Benefits in Vietnam
Employees in Vietnam are entitled to several statutory benefits, including social insurance, health insurance, and unemployment insurance. Employers must contribute a percentage of their employees’ salaries to these funds. Additional benefits, such as holiday bonuses and housing allowances, are often provided to attract and retain top talent. EOR Partners ensures these benefits are managed efficiently and in full compliance with local regulations.
Annual Leave
Employees in Vietnam are entitled to 12 days of paid annual leave per year, which increases based on seniority or hazardous working conditions. Public holidays are observed in addition to the annual leave entitlement.
Sick Leave
Employees in Vietnam are entitled to paid sick leave, with compensation covered by the social insurance fund. The duration of sick leave depends on the employee’s working conditions and medical certification.
Additional Benefits
Employers in Vietnam often provide additional benefits to enhance employee satisfaction, such as:
- Lunar New Year bonuses (commonly referred to as Tet bonuses).
- Meal and transport allowances.
- Private health insurance.
- Professional training and development programs.
Work Hours and Breaks
The standard workweek in Vietnam is 48 hours, typically 8 hours per day over 6 days. Employees are entitled to:
- A minimum of 1 hour of rest during shifts exceeding 6 hours.
- Overtime pay for work beyond the standard hours, calculated at rates specified by labor laws.
Salary Tax Table
| Taxable Base | Tax Liability | Excess of Taxable Base | Tax Rate (%) |
|---|---|---|---|
| 0 - 5,000,000 | 0 | Amount over 0 | 5% |
| 5,000,001 - 10,000,000 | 250,000 | Amount over 5,000,000 | 10% |
| 10,000,001 - 18,000,000 | 750,000 | Amount over 10,000,000 | 15% |
| 18,000,001 - 32,000,000 | 1,950,000 | Amount over 18,000,000 | 20% |
| 32,000,001 - 52,000,000 | 4,750,000 | Amount over 32,000,000 | 25% |
| 52,000,001 - 80,000,000 | 9,750,000 | Amount over 52,000,000 | 30% |
| Over 80,000,000 | 18,150,000 | Amount over 80,000,000 | 35% |
*All figures based on local currency
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