Vietnam
VIETNAM

Employer of Record

EMPLOYER OF RECORD

Employ is a trusted provider of Employer of Record (EOR) 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 2021

340 BILLION USD

expected GDP in 2023

Vietnam 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

Health Insurance

  • 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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