Employer of Record in Vietnam
Introduction
Vietnam is fast emerging as a potential regional leader in Southeast Asia.
Employer of Record in Vietnam
If you plan to expand globally and look to enter Vietnam, you have many options.
You could alternately choose a PEO or Professional Employer Organization.
Employment In Vietnam
Vietnamese labor laws are known for being employee-friendly.
According to Vietnam Labor laws, there is no distinction between foreigners and the local workforce.
Even with the lack of a skilled local workforce, the laws in Vietnam are well-developed.
Contractors vs. Full-time Employees
Like most other nations, there is a difference between hiring full-time employees and independent contractors.
Independent contractors are hired on a case-to-case basis.
The difference between contractors and employees in Vietnam is that employees need to pay for health insurance.
Hiring in Vietnam
There are several ways to hire employees in Vietnam.
Besides, you can use the power of social media to connect with potential employees.
If you are not keen to open your subsidiary, you can take the help of an Employer of Record Vietnam.
Probation & Termination
The probationary period in Vietnam can be a part of the Labor contract or a specially drafted probation agreement.
A Labor Contract in Vietnam can be terminated on the following grounds:
EoR Solutions
If you are looking to hire employees in Vietnam, work with HIREVN.
As your EOR, HIREVN will handle end-to-end recruitment and hiring processes.
HIREVN offers comprehensive employers of record services with a 24x7 self-service platform.
Types Of Visas In Vietnam
In Vietnam, a work visa and work permit are two separate entities.
To know more about the visa process in Vietnam, speak to our experts at HIREVN.
Work Permits
All non-Vietnamese citizens need a work permit issued by DOLISA.
In certain cases there are exceptions for Vietnam work permits for foreigners.
Payroll & Taxes in Vietnam
Organizations planning to build a team in Vietnam may find it difficult to navigate the payroll and tax system.
Employers in Vietnam are not obligated by law to give bonuses.
Incorporation
To set up a long-standing business in Vietnam, you need to comply with the Enterprise Law and the Investment Law.
There are ample business opportunities in Vietnam.
Professional Employer Organization (PEO)
A PEO, like an EOR, offers handholding support in HR functionalities.
A PEO is a co-employer, while an EOR is an independent employer.
Conclusion
HIREVN offers you world-class PEO and EOR services in Vietnam.
Speak to HIREVN experts who can help you decide between a PEO and EOR.