Testimonial
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting business in new and complex markets. Understanding the market doesn’t mean you need to set up a company immediately.
5/5
We act as your Employer of Record in Vietnam. This nation, rapidly expanding economy and strategic location in Southeast Asia offer lucrative opportunities for global businesses. However, entering the Vietnamese market requires navigating complex labor laws and tax regulations. An Employer of Record (EOR) in Vietnam can simplify this process by acting as your local partner to ensure a smooth market entry and ongoing compliance with all necessary regulations.
Step 1 – Comprehensive Planning & Needs Assessment
Partnering with an Employer of Record in Vietnam, such as INS Global, begins with a thorough assessment of your business objectives. This involves understanding the required number of employees, their specific roles, and your desired timeline for expanding into Vietnam. The Employer of Record then customizes its services to align with your specific requirements, ensuring a seamless integration into the market.
Step 2 – Streamlined Setup, Recruitment & Onboarding
Whether you are forming a new team in Vietnam or transferring existing staff, an EOR manages all necessary legal processes. This includes handling visas, work permits, payroll, and contract management, ensuring full compliance with Vietnamese labor laws. Acting as your legal employer in Vietnam, the Employer of Record saves you the time and expense of establishing a local entity.
Step 3 – Ongoing Management & Compliance Assurance
Once your employees are operational in Vietnam, an Employer of Record oversees ongoing HR and payroll functions. This includes salary processing, managing employee benefits, and ensuring compliance with health insurance and social security contributions. The Employer of Record acts as the HR liaison between you and your Vietnamese team, handling administrative tasks and addressing employee concerns, allowing you to focus on business growth.
An Employer of Record simplifies the process of entering the Vietnamese market by managing intricate tax systems and labor laws, ensuring compliance from the outset.
Navigating Vietnam’s regulatory environment can be challenging, but Employer of Records have the expertise to ensure your business complies with local tax laws, labor regulations, and social security contributions.
As your legal employer in Vietnam, an EOR mitigates the risks associated with employment regulations, ensuring full compliance.
Employer of Record services are often more cost-effective than setting up a local subsidiary, especially for smaller teams or temporary projects, helping you avoid initial incorporation costs and ongoing administrative burdens.
By outsourcing HR tasks such as recruitment, payroll processing, and tax management to your Employer of Record, you can concentrate on your core business activities.
Testimonial
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting business in new and complex markets. Understanding the market doesn’t mean you need to set up a company immediately.
While setting up a subsidiary in Vietnam is an option, using an Employer of Record provides several advantages:
Choosing the right Employer of Record in Vietnam is crucial for successful market entry. Consider these 5 key factors:
Transparent Cost Structure – Compare the pricing models of various Employer of Record providers in Vietnam. Ensure their fees are transparent and competitive, with no hidden costs. Third-party advice can help you get the best value for your Employer of Record in Vietnam.
Navigating these complexities in-house can be challenging and time-consuming. Partnering with an EOR in Vietnam ensures your business remains compliant with labor laws, protecting you from potential risks and allowing you to focus on growth.
An Employer of Record helps small businesses by managing complex HR and compliance tasks, allowing them to enter the Vietnamese market without the need for a local entity.
An Employer of Record can quickly scale its services to accommodate an increasing workforce, ensuring all HR and compliance needs are met as your business grows.
An Employer of Record manages payroll processing, ensuring timely and accurate salary payments, handling tax deductions, and managing social security contributions.
Employer of Records have local experts who stay updated on regulatory changes, managing all compliance aspects to ensure your business adheres to Vietnamese labor laws.
Yes, an Employer of Record can facilitate remote work setups, ensuring compliance with local employment regulations and managing all HR and payroll functions for remote employees.
An Employer of Record manages the entire onboarding process, from job offers to orientation, ensuring all procedures comply with Vietnamese labor laws.
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