Hiring in Vietnam
Known overwhelmingly for the war in the 1970s that was a pivotal moment for both Vietnam and the US, Vietnam has emerged from the chaos and destruction to become one of the fastest-growing economies in the world. It’s also known for stunning natural landscapes, including unique wildlife and landmarks like Ha Long Bay.
Vietnam’s economy is predominantly based on agriculture, but this is changing as the large workforce (around 96 million people live in Vietnam) sees better access to education and becomes more skilled as industry grows. Electronics manufacturing and garments dominate exports and the tourism industry is seeing year on year growth as cities like Hanoi become a more important stop on the South East Asia tourist trail.
Hiring in Vietnam can be challenging, with informal hiring practices and poor worker’s rights still common. Corruption is also an issue, so an expert payroll partner with on-the-ground expertise in the Vietnamese labour market is recommended for international investors.
Why use TopSource Worldwide in Vietnam?
We free your teams from the burden of managing payroll across borders, working diligently to ensure a seamless process across all activities.
We’ll manage the data flow from you to every local market and will return data to you in a readable format for each of your key teams, including payroll journals if needed.
Our services combine process excellence with a human-centric approach, and our top priority is always the care and compliance of your payroll — no matter where in the world you operate.
- Leverage our experience and ensure in-country Payroll compliance.
- Reduce processing and back office time.
- Align processes, reducing complexity and risk
- A single, centrally managed payroll system that delivers a fluid and consistent service to you and your employees.
- Flexibility of service — adapting to your needs, regardless of the market.
- The option to work with other providers you already have in place, if needed.
- Global HR data management and data tracking where required.
- Global payments support for both employees and authorities.
- A dedicated team and account manager so that you always have a central point of contact
What TopSource Worldwide provides in Vietnam
- Simplicity – we provide one monthly consolidated invoice for the services provided inclusive of salaries, taxes, fees and employee expenses. This reduces banking costs and your finance teams time spent.
- One point of contact – a single Account manager looking after all your Payroll.
- Compliance – all funds payable to the employee are processed through payroll. You receive monthly evidence of taxation paid to the competent authorities in country.
- All services are provided by in-country experts that are professionally qualified in their respective fields.
- Electronic payslips for all employees.
- All Statutory filing completed by TopSource Worldwide.
We appreciate each situation and business is different. That is why we offer a consultative and bespoke solution to every client. We know one size does not ‘fit all’.
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