If you’re looking to hire employees in Vietnam for your business, AYP Group can help make the process easy. Our Vietnam EOR service handles HR, benefits, payroll, and tax needs, allowing you to quickly hire employees and test out new markets in Vietnam. Our EOR solutions enable you to build your team without the legal and financial responsibilities of setting up a separate entity or worrying about contractor risks. Let us handle the details while you focus on your business goals. Contact us today to get started!

 

 

 

Country Overview 

Vietnam is a country in Southeast Asia located on the eastern coast of the Indochinese Peninsula. It is bordered by China to the north, Laos and Cambodia to the west, and the South China Sea to the east. Vietnam has a population of about 97 million people. It has a mixed economy that includes both state-owned enterprises and private businesses. The country’s main industries include agriculture, mining, manufacturing, and tourism. 

 

Capital City

Hanoi

 

Currency

VND (Vietnamese Dong)

 

Principal Language

Vietnamese 

 

Government

Socialist republic with a single-party system of government

 

Employment contracts

There are two types of employment contracts commonly used in Thailand: fixed-term contracts and indefinite contracts. A fixed-term contract is for a specific period of time, usually one year or less, and will automatically terminate upon the expiration of the term. An indefinite contract, on the other hand, has no predetermined end date and will continue until terminated by either the employer or the employee.

In Thailand, employment contracts may also include provisions for probationary periods, during which the employee’s performance will be evaluated before the contract is finalized. It is important for employers to follow all relevant laws and regulations when hiring and terminating employees in Thailand, as failure to do so can result in legal consequences.

 

Working Hours

In Vietnam, the standard working hours are 8 hours per day and 48 hours per week

 

Public holidays

 

Here is a list of national holidays in Vietnam:

  1. New Year’s Day (January 1)
  2. Lunar New Year (Tet) (date varies)
  3. International Women’s Day (March 8)
  4. Hung King’s Memorial Day (date varies)
  5. International Labor Day (May 1)
  6. National Day (September 2)
  7. Mid-Autumn Festival (date varies)

Benefits contribution

In Vietnam, employers are required to contribute to the social security benefits of their employees. These benefits include old-age, disability, and survivor pensions; medical care; maternity benefits; and unemployment benefits.

  1. The government of Vietnam administers the social security benefits system through several agencies, including the Social Insurance Agency (SIA) and the Health Insurance Agency (HIA). The SIA is responsible for collecting and managing contributions for old-age, disability, and survivor pensions, as well as for unemployment benefits. The HIA is responsible for collecting and managing contributions for medical care and maternity benefits.

 

Find out about AYP’s total workforce management solution today! 

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