Our collection of resources based on what we have learned on the ground
Resources
Q&A
FAQs - Accounting and Compliance in Vietnam
- May 2020
- Free Access
The rapidly changing regulatory landscape in Vietnam requires experience and expertise when dealing with various aspects of business operations, but the challenges that the accounting and tax compliance vertical poses may be particularly difficult fo...
Q&A
FAQs - Payroll and HR in Vietnam
- May 2020
- Free Access
Managing HR and payroll can be challenging due to ever-changing regulations and dynamic local practices. This document answers some frequently asked questions that employers may have about payroll and HR in Vietnam.
Q&A
What are the minimum wages in ASEAN?
- January 2020
- Free Access
Minimum wages in ASEAN - Indonesia, Thailand, Malaysia, Philippines, Vietnam, Cambodia, Brunei, Myanmar (Burma), Laos.
Q&A
Transfer Pricing in Vietnam
- March 2019
- Free Access
This Q&A Session answers FAQ's on transfer pricing in Vietnam.
Q&A
Tips for Filing Taxes in Vietnam
- March 2019
- Free Access
Here are a few tips from our Coporate Accounting manager, Vinh Le, on how to file taxes in Vietnam. When are annual financial statements and tax finalization reports due? Annual finalization of financial statements, corporate income tax and p...
Q&A
What is the role of minimum wages in Vietnam's payroll compliance?
- May 2017
- Members Access
Vietnam’s minimum wage rates play a significant role in payroll compliance: they provide a basis for the calculation of individual income tax and assist in the determination of social insurance payments. Currently, there are two kinds of minimu...
Q&A
What are the types of mandatory social security in Vietnam?
- May 2017
- Members Access
There are three types of mandatory social security in Vietnam that must be covered by foreign enterprises seeking to hire local staff: social insurance; health insurance; and unemployment insurance. Minimum contributions are required by both the empl...
Q&A
How does Vietnam’s social security system differ for domestic and internationa...
- May 2017
- Members Access
Social and unemployment insurances are mandatory only for Vietnamese employees, whereas health insurance applies to both Vietnamese and foreign workers employed in accordance with Vietnam’s Labor Code. Employers register and pay insurance contr...
Q&A
Which deductions can be made from an employee's salary according to the Vietname...
- May 2017
- Members Access
Currently, the following deductions are permitted under the Vietnamese tax code: Personal allowances of VND 9 million (US$395); Dependent allowances of VND 3.6 million (US$158) per dependent; All mandatory contributions to Vietnam’s social...
Q&A
What are the main benefits of outsourcing payroll for companies in Vietnam?
- May 2017
- Members Access
Savings are now kicking in in Vietnam as companies can handle their HR processes remotely. Yet, the main motivation for companies to choose an outsourced model is the ability to achieve more consistency in data management, greater transparency for ma...
Q&A
What are the working hours/days in ASEAN countries?
- December 2016
- Members Access
All ASEAN countries have a maximum of six working days per week and an eight hour work day; in Brunei, Cambodia, Laos, Malaysia, Thailand and Vietnam this results in a maximum of 48 hours of work per week. In Myanmar and Singapore, though the limit o...
Q&A
How much is paid for working at night or during rest days in ASEAN countries?
- December 2016
- Members Access
All ASEAN countries, except for Indonesia and Thailand, charge an additional premium for night work and rest days, but the premium varies considerably: Indonesia and Thailand have no formally imposed premium; the Philippines has a 10 percent premium ...
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