Posted 6.12. 2018 by Cekindo / Last update on 2.12. 2020
Before foreigners can penetrate the market and start working on their business in Vietnam, they need to think of a work visa or a work permit.
In addition to being an excellent destination for tourism, Vietnam is a country full of professional and business opportunities.
Vietnam has been one of the countries in the world that have experienced the greatest economic growth for the past decades. However, the country now relies heavily on foreign direct investment (FDI).
To avoid going ahead with the process blindly and facing difficulties without knowing the Vietnamese regulations, we prepare this article. It discusses everything to know about a work permit in Vietnam: requirements, process, sponsorship and conditions.
Three striking facts favor the arrival of foreigners to work in Vietnam.
Firstly, the lack of technical knowledge in certain subjects. The educational system in Vietnam has not been able to train and produce qualified personnel and talents.
Secondly, the limited presence of expatriates in Vietnam compared to other countries in Asia, whose culture is more well-known in the West, such as China or Japan.
Thirdly, the foreigners pouring money into the economy is one of the cornerstones of the whole Vietnamese economy.
Overall, to maintain growth and modernize the country, Vietnam welcomes foreigners and brings innovation and specialized knowledge to the new generations.
Working in Vietnam requires the following:
Application dossiers of a work permit shall consist of the following:
An employer in Vietnam must sponsor all foreigners who wish to work in Vietnam. The foreign company that employ foreigners must also have a Vietnamese branch, subsidiary or representative office in Vietnam.
Here’s the process both employers and employees need to go through to apply for a work permit in Vietnam.
Below are some latest updates on that all foreign companies and individuals should pay attention to:
Now, each foreign individual must invest more than VND3 billion in a company to be eligible for a TRC.
For even large investments, foreigners will get a TRC for up to 10 years.
However, those who do not fulfill the minimum capital investment can only apply for a DT4 business visa with a maximum validity of one year.
Under the new permit and visa laws, a representative of the corporate investor can get the TRC or business visa for up to 10 years.
This last update is still relatively new and unfamiliar. Further regulations on the exemption are yet to be finalised and implemented.
In conclusion, the application for a work permit in Asian countries such as Vietnam can be complicated as cultural differences and communication problems are quite dominant.
It is easier for foreigners to apply for the work permit through a reliable and professional visa consultancy such as Cekindo. Furthermore, we can provide sponsorship to those who cannot secure a sponsor in Vietnam on their own.
Contact us today to get to know more.