Vietnam
Make employment in Vietnam easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Vietnam, all in one easy-to-use platform.
- Capital City
Hanoi
- Currency
Vietnamese đồng (₫, VND)
- Languages
Vietnamese
- Population size
96,208,984
Facts & Stats
- Capital City
Hanoi
- Currency
Vietnamese đồng (₫, VND)
- Languages
Vietnamese
- Population size
96,208,984
- Ease of doing business
Easy
- Cost of living index
38.05 (2021)
- Payroll frequency
Monthly
- VAT - standard rate
10%
- GDP - real growth rate
7.0 (2019)
Vietnam is a captivating paradise, filled with incredible contrasts in every corner. The country’s unique geography means this relatively small sliver of land sees intense equatorial conditions on the south coast, searing heat in the southern capital, and cooler misty conditions in the north. Similarly, Vietnam’s world-renowned food culture features a clash of influences from nearby Cambodia, China, Malaysia, and from their former French colonial rulers.
The incredible natural diversity of Vietnam, combined with a very low cost of living, makes this Southest Asian nation a magnet for digital nomads. Accommodation is cheap, and co-working spaces and communities are starting to build in Hanoi and Ho Chi Minh city in particular.
Home to one of Southeast Asia’s largest and fastest growing economies, Vietnam has witnessed rapid recovery since the days of the Vietnam War and has ramped up gains in the agriculture, transport, energy, and telecoms industries.
Grow your team in Vietnam with Remote
Looking to employ workers in Vietnam? Companies hiring in Vietnam must either own a legal entity in the country or work with a global employment solutions provider, usually one that provides employer of record services.
Remote can employ your team in Vietnam on your behalf through our local legal entity in the country and handle payroll, benefits, taxes, and compliance for your Vietnamese team. You can also pay contractors now in Vietnam with Remote in some currencies (talk to an expert now for full details).
Risks of misclassification
Vietnam, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Vietnam may lead to fines and penalties for the offending company.
Employing in Vietnam
The 2021 Labor Code of the Republic of Vietnam defines provisions for employee protections and workers’ rights applicable to Vietnam’s workforce of 56.5 million. Employees in Vietnam enjoy protections against discrimination based on age, religion, sexual orientation, gender expression, and race.
Common questions that could come up during the hiring process include minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Vietnam.
Minimum wage
The National Wage Council of Vietnam has proposed a 6% increase in the regional minimum wage, to be implemented starting from July 1, 2024, as reported by Vietnam Briefing.
As per the new structure, wages will be lifted as follows:
Region 1: VND
4.96 million (US$203.87) per month, covering urban areas of Hanoi and Ho Chi Minh City.
Region 2:
VND 4.41 million (US$181.22) per month, including rural areas of Hanoi and Ho Chi Minh City, as well as major urban centers like Can Tho, Da Nang, and Hai Phong.
Region 3:
VND 3.86 million (US$158.57) per month, comprising provincial cities and districts of Bac Ninh, Bac Giang, and Hai Duong provinces.
Region 4:
VND 3.45 million (US$141.58) per month, encompassing the remaining areas of the country.
Payroll cycle
Wages are disbursed bi-monthly or once monthly.
Onboarding Timeline
We can help you get a new employee started in the Vietnam fast. The minimum onboarding time we need is only 19 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment. Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
15 Public holidays
Effortless HR Vietnam: Take the Tour
Competitive benefits package in Vietnam
At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and your company has the localized expertise needed to attract and keep the best global talent.
Our benefits packages in Vietnam are tailored to fulfill the local needs of employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Transparent Pricing in Vietnam
Employer of Record
$599
per employee/month
Top features
Hire without opening a local entity
Guided onboarding
Local payroll paid on time, every time
Built-in security and compliance
Flexible, localized benefits
Offer equity incentives with tax assistance
Dedicated experts for local support
Contractor Management
$29
per contractor/month
Top features
Only pay for contractors you actively work with
Work with international contractors
Create, edit, and sign tailored, localized contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Payroll
$29
per employee/month
Top features
Powerful, transparent international payroll
Simple self-service platform
Personalized support from dedicated specialists
Adhere to local payroll regulations in every country
Integrated payroll, expense management, and HRIS solution
HRIS
$18
per employee/month
Top features
Guided onboarding and offboarding
Employee profile and document management
Contract templates and e-signing
Time off and time tracking
Expense management
Employee and manager self-serve experience
Mobile app