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Guide to hiring employees in Vietnam

Vietnam, officially called the Socialist Republic of Vietnam, is located at the eastern edge of Southeast Asia.

Quick facts about Vietnam

  • Vietnam has a population of 99 million (2021) which makes it the 15th most populous country in the world;
  • Vietnam’s GDP in 2020 was 270 billion USD. This is similar to countries like Finland, Colombia and Pakistan;
  • Vietnam’s GDP consist of Agriculture: 15.3% Industry: 33.3% Services: 51.3% (2017);
  • Vietnam’s nominal GDP per capita is about 3,759 USD (2021), similar to countries like India, Myanmar or Uzbekistan;
  • Currency: Vietnamese Dong (VND).

In order to hire employees in Vietnam, you need a company registered in Vietnam. An alternative is to use a service provider called an employer of record to hire your employees.

In the following pages, we will cover the key aspects of hiring and managing employees in Vietnam.