Other Briefings
Understanding How to Hire and Pay Staff in Vietnam
Having a clear understanding of how to hire and pay your employees in Vietnam is crucial to ensuring your company’s success. In this article we take you through the regulations surrounding the hiring of employees and provide a discussion on wages.
A Guide to Understanding HR Trends in Vietnam
Once a company has gone through all the legal procedures required for the establishment of their business in Vietnam, the next big hurdle is the process of actually hiring the staff that will be needed and dealing with the associated payroll obligations. Hiring, and the associated legal obligations that go along with it, can be a confusing process. It is therefore strongly recommended that businesses take a careful look at all relevant regulation and engage a professional where appropriate to ensure proper compliance with all laws.
Social Security in Vietnam: Understanding Your Obligations
One of the key obligations that an employer has in Vietnam is the payment of social security. In order to ensure smooth operations while in the country, it is crucial that foreign companies ensure that they fully understand the legal framework which provides for the rights and obligations of employers and employees with respect to social security.
Foreign Companies Report Labor and Skills Shortage in Vietnam
Despite a still recovering economy, demand for workers in Vietnam is seeing strong growth. However, supply and skills have not kept up with this increasing need.
Vietnam Could Loosen Work Permit Rules for Foreigners
On July 8, 2014, after intense criticism from the expat community and foreign businesses, the Vietnamese government issued Resolution 47, which is intended to improve the work permit conditions for foreigners working in Vietnam.
Vietnam Rolls Out New Online Visa Processing System
Vietnam has brought out a new online Visa processing system. Foreigners will now be able to register and fill out visa application forms online. The official website can be found at: http://visa.mofa.gov.vn.
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 […]
