Outsource your Payroll in Vietnam
Companies that are operating in the Vietnamese market must comply with the local tax laws or suffer legal penalties. SMEs (small and medium-sized enterprises), multinational corporations, and representative offices all benefit from using external payroll services from providers, like NNRoad, to comply with Vietnam’s complex tax laws and ensure accuracy. Keep reading as we discuss more about payroll in Vietnam.
Salary Structure in Vietnam’s Market
In Vietnam, employees typically get paid on a monthly basis in Vietnamese Dong (VND). Foreign companies should be aware of conditions for minimum wages and overtime. Effective January 1st, 2020, the Vietnamese government has set a minimum wage ranging from VND 3.07 million ($ 130.30 USD) to VND 4.42 million ($191.91 USD) a month. Each tier of the minimum wage range varies on the region&nb