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* Playroll continues to analyse immediate opportunities and fulfilled roles by recruitment partners, contractors and employers to identify in-demand jobs.
Hiring in Vietnam offers access to a rapidly growing economy with a dynamic workforce and favorable business environment.
The country's strategic location in Southeast Asia provides access to a burgeoning market and a gateway to regional trade opportunities.
Vietnam's young and skilled labor force, combined with its competitive labor costs, makes it an attractive destination for businesses seeking to expand their operations.
Additionally, the government's commitment to economic reforms and incentives for foreign investment further enhance Vietnam's appeal as a hub for business growth and development.
Essential hiring details in Vietnam include:
In Vietnam, probation periods vary based on qualification and position, spanning from 6 days for unskilled workers to 180 days for high-level executives, as dictated by the Labor Code. Agreed upon by both parties, this period is crucial for evaluating an employee's suitability for the role.
The standard working hours in Vietnam are 8 hours per day or 48 hours per week, and employers are encouraged to adopt a 40-hour workweek with Saturdays and Sundays off.
In Vietnam, overtime is any work exceeding 48 hours per week, compensated at a rate of at least 150% of the usual salary. Weekend work pays 200% and public holidays pay 300%. Overtime is capped at 40 hours per month and 200 hours per year, with exceptions regulated by the government allowing up to 300 hours annually.
The monthly minimum wage in Vietnam is specific to the region the employee lives in and is as follows; Region 1: 4,960,000 VND, Region 2: 4,410,000 VND, Region 3: 3,860,000 VND, Region 4: 3,450,000 VND.
There is no statutory requirement for employers to pay a 13th salary.
Income tax in Vietnam is 'Pay As You Earn'. The individual income tax ranges from 5% to 35%. Income tax is calculated according to progressive rates.
Pensions are part of the social insurance scheme which employers and employees make mandatory contributions. The standard retirement age in Vietnam is current 62 for men and 60 for women. Employees can opt for early retirement if they have contributed to the social insurance fund for at least 20 years and are at least 5 years younger than the standard retirement age. However, early retirement will result in a reduced pension amount.
The tax-related information provided in this guide is intended for general guidance and informational purposes only. Reach out to our dedicated team for insights on remote hiring in Vietnam tailored to your needs.
Ending employment in Vietnam can be intricate as there's no at-will termination outside the probation period. Termination must adhere to statutory grounds and formal procedures, including:
The minimum notice period in Vietnam is 3 days and varies depending on the contract type:
In Vietnam, employees with over a year of service are entitled to severance pay, except for terminations for just cause. It equals half a month's wages for each year of employment, mandated by the Vietnamese Labor Code. The salary used for this calculation is the average salary of the employee over the last six months before termination.
Vietnam has 7 mandatory national public holidays in a year.
In Vietnam, employers are obligated to offer mandatory benefits as part of their employment responsibilities. The main benefits offered by the social security system include:
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