To ensure your business operations run seamlessly in Vietnam, one must stay on top of payroll and HR compliances. However, complying with the country’s changing laws with in-house payroll and HR departments may add costs, time, and stress to management. And still, that doesn’t always ensure flawless compliance. Many multinational firms outsource their payroll and … Continued
Vietnam provides foreign businesses with a young, well-educated workforce. Employers must gain a thorough understanding of human resource management. Many companies primarily rely on HR outsourcing entities, particularly for advice related to recruitment, training, and payroll. Many multinationals report that they would like to outsource more of their operational HR practices to a regional shared … Continued
Payroll is a complicated matter in Vietnam because there are many factors to consider: tax, insurance, local regulations, and benefits. Moreover, there are differences between foreign employees and local employees regarding social security, trade union fee, and personal income tax percentages. To reduce overhead costs and allow you to focus on your bottom line, here … Continued
On November 20, 2019, Vietnam’s National Assembly adopted the New Labor Code. The New Labor Code replaced the 2012 Labor Code starting January 1, 2021. These changes are likely to affect HR and Payroll processes for foreign companies in Vietnam. Read More about Cekindo’s Payroll Outsourcing Services for Companies in Vietnam The implementation of the … Continued
It may be shocking for you to know that more than 50% of businesses and nearly 90% of startups fail globally within the first 5 years of their establishments. Several factors contribute to their failure and one of the most important is the negligence of their HR and payroll functions. Neglecting HR and payroll functions … Continued
Accurate payroll calculation in Vietnam is crucial as it will affect your employee’s pay and tax outcome. Here is your payroll guide.
Payroll is a crucial function to keep your business operating smoothly. However, it can be a time-consuming task. This is why many organisations, especially SMEs (Small & Medium-sized Enterprises), hand this vital task to someone outside the company due to the plenty of benefits for doing so. Let’s go into the details of the plus … Continued
Companies in Vietnam that hire employees without contracts will face a hefty penalty. Prepare a labour contract in Vietnam by adhering to this guide.
There are always new opportunities and challenges in setting up a new business in a foreign country. If you want to have a successful business in Vietnam, you must consistently address the common issues with payroll management. Hiring, firing and dealing with taxes, insurance and more can tough while navigating the bureaucracy of a new … Continued
Employer of Record (EOR) in Vietnam is a service that partners with a business to help the business expand into the country, hire employees, manage and pay the company’s employees – all through a single EOR provider. However, the employees do not work for the EOR provider, but for the company that uses the EOR … Continued
HR outsourcing in Vietnam isn’t exactly a new idea in Vietnam’s dynamic business environment. HR outsourcing means having an external, third-party vendor to provide company HR services that usually perform internally in the company. For many years, companies in Vietnam have contracted with HR outsourcing suppliers to perform a myriad of HR functions. Read About … Continued
payroll service provider minimizes the need for in-house payroll personnel, guarantees compliance with Vietnam’s payroll laws, and eliminates the need to purchase or maintain software packages.