Employer of Record in Madagascar
Madagascar, an island republic off the coast of southern Africa in the Indian Ocean. France has been the major trading partner of Madagascar since its independence...
Employer of Record in Madagascar
Employer of Record in Vietnam
EOR VIETNAM
Employer of Record
EMPLOYER OF RECORD
Employ is a trusted provider of Employer of Record in Vietnam solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.
98.5 MILLION
total population in 2021340 BILLION USD
expected GDP in 2023Vietnam has made significant economic progress. Vietnam’s rising middle class, which presently makes up 13% of the population, is anticipated to grow to 26% by 2026. It continues to develop its human capital through education and skills training. Vietnam became a center for international investment and industries. Electronics businesses from Japan and Korea and European and American clothing brands have set up their manufacturing here. Its GDP is projected to trend around 310 USD Billion in 2022.
PUBLIC HOLIDAYS: 14
- New Year's Day -January 1
- Tet Eve - varies ( may last for 7 days)
- Tet Nguyen Dan - varies
- Gio to Hung Vuong Day April 21
- Liberation / Reunification Day - April 30
- Labor Day -May 1
- National Day - September 2
SOCIAL SECURITY AND TAXATION
Social Insurance
- Employer Contribution: 17.5% total
- Employer Contribution: 3%
MINIMUM WAGE
3,070,000 - 4,420,000 Vietnamese Dong
WORK HOURS
40 hours per week
OVERTIME RATE
150% of the normal rate
PROBATIONARY PERIOD
2 months
ANNUAL LEAVE CREDITS
12 days
MATERNITY LEAVE
4 months
PATERNITY LEAVE
5 days
SICK LEAVE
30 days (unpaid)
BONUSES
13th month pay before the Lunar New Year
*Info is not binding, may vary, and is provided only as an indication.
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