Human Resources & Payroll

Personal Income Tax Withholding in Vietnam


In Vietnam, Personal Income Tax (PIT) declaration and payment is carried out on a withholding basis. Employers are required to collect taxes on employee income for both foreign and local Vietnamese employees, and ensure the timely submission of employees’ tax declarations.

Vietnam’s Middle Class the Fastest Growing in Southeast Asia


HANOI –  In a recent survey by the Boston Consulting Group (BCG), Vietnam was found to have the fastest growing middle class in Southeast Asia. By 2020, the country is expected to have 30 million middle class and rich consumers. Vietnam’s per capita income is expected to increase to US$3,000 by 2020 from its current […]

Vietnam’s Burgeoning Middle Class set to Double


HANOI – A recent survey conducted by the Boston Consulting Group (BCG) has found that the middle and affluent class (MAC) in Vietnam will greatly increase in size between now and 2020, from 2 million to 33 million. In order to project the growth of consumers and their spending, BCG’s Center for Consumer and Customer […]

Vietnamese Visa Procedures Fall Short in ASEAN


For the most up to date information on Vietnam’s visa program see: Vietnam’s Visas and Work Permit Procedures 2022 By Marcelo Giovannetti Despite recently receiving aid package approval from the Asian Development Bank (ADB) for its tourism industry, Vietnam will have to improve its visa procedures if it wishes to compete against other ASEAN countries […]

Vietnam Set to Increase Minimum Wages from December 31, 2013


The government last week passed a new decree that will increase minimum wages throughout Vietnam as of December 31, 2013, which will be effective for enterprises, co-operatives, household businesses, foreign companies and international organizations operating in the country.

Personal Income Tax in Vietnam: Tax Exemption, Reduction & Payment


HANOI – As major businesses continue to prioritize investment into Vietnam as a strategy to diversify sourcing options and supplier portfolios outside of China, it is increasingly important to understand not only how businesses are taxed in Vietnam, but also individuals. Continuing our coverage of personal income tax (PIT), this article will examine exemptions, reductions […]

ASEAN’s Rising Minimum Wage Levels: Vietnam


By Alex Tangkilisan HANOI – Several ASEAN countries have raised their minimum wage standards recently to adjust their respective salary levels to the rising costs of living and to provide their citizens with higher purchasing power. However, many businesses and investors have complained that the somewhat drastic wage hikes have hurt the market in terms […]

Vietnam Looks to Relax Foreign Property Ownership Laws


HANOI – Vietnam’s Ministry of Construction has recently proposed to relax its real estate laws in order to allow a greater amount of foreigners and foreign organizations to buy property in the country as part of an effort to reduce real estate inventory. Specifically, the Ministry proposed that organizations such as foreign investment funds, banks, […]

Vietnam Issues New Decrees to Guide Labor Code


The Vietnamese government recently issued five new decrees which are to help guide its Labor Code.

Types of Work Visas for Vietnam in 2022


There are different types of work visa for different types of work in Vietnam. Here’s a quick overview.

Showing 10 of 111 articles
Events in Vietnam All Events

Our free webinars are packed full of useful information for doing business in Vietnam.

Related reading
  • Getting Your Goods to Market in Vietnam
  • Investing in Vietnam’s Startup Sector
  • Vietnam’s Logistics Sector: Opportunities in Air, Sea, and Land Connectivity
  • An Introduction to Doing Business in Vietnam 2023
  • Vietnam's HR Landscape, Compliance, and Recruitment
Back to top