Since digitalization and automation have taken over the workforce, telecommuting and hiring staff to work remotely have proven to be an efficient setup for both employers and employees. One of the countries sought after by overseas employers is Vietnam.
With a population of less than 100 million, Vietnam is fastly becoming a go-to location for hiring exceptional talents who are willing to work remotely.
Why Hire Talents from Vietnam?
Firstly, the Vietnamese are vastly known for being hardworking and diligent in any venture they delve into. Whether it is because of their agricultural geographic makeup or the deep history anchored in courage and national pride, the Vietnamese work diligently and make sure that they accomplish tasks and exceed expectations.
They are resourceful and highly innovative as evidenced by their country’s economic growth, which has been booming since the early 2000s and is not showing any signs of slowing down.
In the past three years, the recruitment of Vietnamese talent has reached an all-time high as employers prefer to hire from Vietnam because of high-level cost-efficiency. Not only is it much less costly to hire remote workers from Vietnam, given the cost of living and the cost of salary and employment, but companies will definitely get their money’s worth since the Viets are extremely dependable and self-motivated. Their culture of excellence and reliability binds them to bring their A-game in all that they do.
And of course, there’s also the benefit of staying on trend with what’s happening globally in terms of investments and economics. Vietnam is not just a hotspot for tourists, it’s also a hub for large foreign investments. Strategically situated and monitored by a high-integrity government, business and investments in Vietnam are flourishing, which makes it even more attractive for other developed nations looking to expand their influence and hold in the South.
How Can You Hire Remote Workers from Vietnam
There are several considerations to be made when hiring talent from Vietnam. Apart from the usual cultural and religious insights that should never go unnoticed, there are practical considerations that will help maximize your recruitment process and hire the best talents for your company.
Local Labor Laws and Establishments
The NNRoad provides Employer of Record (EOR) services for foreign employers wherein the former’s role is a Professional Employment Organization (PEO) that ensures the contracts, income tax and payroll are arranged and are compliant with labor laws.
No need to establish an offshore or subsidiary office in Vietnam. No physical office needs to be established.
In Vietnam, employment contracts are classified into seasonal, definite or indefinite labor contracts. The seasonal contracts are the shortest ones, only lasting for about a year or less. Definite term labor contracts are between 1 to 3 years, while the indefinite term contracts tend to have a more erratic employment period but are advisable and advantageous for some industries such as event-related agencies.
Employment Contracts and Documentary Requirements
Before you are able to hire remote workers, your contracts must clearly state the following: (1) employee insurance for your staff, (2) specific job description and (3) a certain amount of salary.
Employers will be required to properly delineate work and rest hours. Vietnamese employees are heavily encouraged to abide by or assert if not at all being correctly implemented by their employers.
Taxes and wages
The minimum wage of Vietnamese workers ranges between VND 1,600,000 to VND 4,420,000 per month. Converted, that is roughly between $68 to $190. However, remote workers are mostly skilled individuals, hence, employers should expect this number to bloat up as they go up the corporate echelon as well.
Income tax and social security are also strictly implemented in Vietnam. Personal income tax ranges from as low as 5% to as much as 35%. As for their social security, Vietnamese employees are required to contribute an average of 8% of their income. Their employer counterparts are then mandated to cover the remaining 17.5%. Employers shall also be charged 3% for health insurance and 1% for unemployment insurance. This taxation scheme is designed primarily for Vietnamese workers but at the same time employer’s rights are also protected.
As with any country where you are planning to hire remotely, bonuses, benefits, and leaves are imposed on employers so that they can fairly provide for their Vietnamese staff.
Looking to Hire from Vietnam?
If you are considering hiring a Vietnamese remote staff worker, you may contact Viet Talent Net for more information. Viet Talent Net provides you with end-to-end assistance in facilitating your recruitment of remote workers from Vietnam.
We also have a comprehensive FAQ page that will help address common inquiries about the hiring process for remote staff as well as other concerns usually encountered by employers looking to hire remotely.
We understand that since this is not a face-to-face transaction, there is a higher need for integrity and trust to be established between parties. This is one of the main issues that we address in our FAQ portion.
Lastly, we know how challenging the recruitment process might be for you, and outsourcing this task to us is the best decision you’ve ever made for your company. Our expertise lies in scouring Vietnam in search of the best talent just so we could provide you with the most compatible applicants.