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Vietnam provides foreign businesses with a young, well-educated workforce and a relatively inexpensive workforce. Employers should have a basic 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 … Continued
With Human Resources being one of the most undervalued departments within many businesses around the world, including in Vietnam, it is important to notice how the position of this function can have an extensive impact on your business. Going about it the right way can contribute to massive cuts to your overhead costs, especially in … Continued
The Vietnamese government has enacted Decision No. 08/2022/DQ-TTg on “Implementing rent support policies for employees” to support members of the workforce that are living in rented properties. This is a part of the fiscal and monetary policy that was introduced on Jan 2022. Are you a foreigner doing business in Vietnam? Our business setup checklist … Continued
In order to combat rising inflation rates as well as consequences of the Russia-Ukraine war such as supercharged gas prices, the Vietnamese government has issued Decree 38/2022/ND-CP for statutory minimum wage adjustments. The Prime Minister, working alongside the Ministry of Labor, War Invalids and Social Affairs, has just announced this change during a dialogue program … Continued
Having concise information on how to hire and pay your employees is crucial to ensure the success of your company. This article will take you through the essentials of hiring an employee in Vietnam and the specifics of paying them. Requirements to Start Hiring Labor In recent years, the number of foreign employees arriving in … Continued
In this article, we’ll discuss the multifarious aspects of outsourcing HR processes in Ho Chi Minh City, Vietnam’s economic hub.
able to hire & keep skilled workers. Hence, human resources (HR) professionals in Vietnam have a critical role in developing any business as they possess comprehensive knowledge and experience in dealing with the constantly changing Vietnamese regulations.
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 establishment. 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
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 HR Outsourcing Services for Companies in Vietnam The implementation of the … 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
Companies in Vietnam that hire employees without contracts will face a hefty penalty. Prepare a labour contract in Vietnam by adhering to this guide.
This is an opinion piece, written by Employee & Customer Experience Management Professional Carsten Ley from Asia PMO. With FDI flowing into Vietnam at unprecedented rates and the internationalization of the economy on the back of some of the biggest free trade agreements signed in SEA recently, it’s time to examine common issues faced by … Continued
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