Vietnam’s labor market is booming with opportunity. With a workforce of over 52 million people and a labor participation rate above 76%, the country is home to a vast pool of young, skilled, and ambitious professionals eager to pursue international career opportunities. This vibrant talent landscape is especially strong in fast-growing sectors such as IT,…
Vietnam’s Richest Talent Pool from NetViet: Your Trusted Partner for HR Solutions Are you searching for top talent or a reliable staffing solution in Vietnam? NetViet connects global employers with one of the most dynamic and diverse talent networks in the country. Our Talent Network In just one month, NetViet reached over 100,000 users on…
What is a VAT invoice and when should it be used? A VAT invoice is a legal document issued by Vietnamese businesses when selling goods or providing services subject to VAT. It serves as important evidence for tax declaration and business expense payments. According to Decree 123/2020/ND-CP, Vietnamese businesses must issue VAT invoices when: Selling…
Introduction In 1999, Vietnam was on the cusp of becoming an international business hub, with large corporations eager to establish their presence. But for many of these corporations, one challenge loomed larger than the rest—finding the right people to drive their businesses forward. During this time, Founder Duong Xuan Giao, a professional banker, recognized a…
Do Employers in Vietnam Have to Pay Social Insurance During the Probation Period? If you are an employer hiring Vietnamese employees, it’s essential to understand your social insurance obligations during the probation period. This knowledge helps ensure compliance and simplifies payroll management. One common question is:“Do employers have to pay additional salary for mandatory insurances…
In Part 1 of this series, we explored the fundamental differences between allowances and expenses and why correctly classifying them matters for accounting and tax compliance. Thus, in this second part, we dive deeper into how Vietnamese law treats allowances for personal income tax purposes and how to determine whether a cost qualifies as a…
Whether you’re a seasoned employer or just starting out, understanding mandatory SHUI requirements is essential to keep your business compliant with Vietnam’s regulations. We’ve put together this handy FAQ to answer your most common questions about mandatory SHUI contributions, exemptions, recent policy updates, and practical tips to stay on track. Who must participate in mandatory…
Expanding your business into Vietnam or managing a remote workforce can be challenging due to complex local labor laws, tax regulations, and administrative requirements. NetViet’s Employer of Record (EOR) service offers a strategic, compliant, and hassle-free solution to simplify your global hiring process, allowing you to onboard Vietnamese talent quickly and legally without the need to establish…
Accurately distinguishing between allowance and expense is essential for proper accounting, tax compliance, and employee management. In some cases, expenses may be mistakenly or intentionally reclassified as allowances, which can lead to tax issues, financial inaccuracies, and compliance risks. Understanding why this happens and how to correctly classify payments helps protect both your business and…
Are IT issues constantly disrupting your workflow and frustrating your employees? Say goodbye to costly downtime and hello to seamless productivity with QuickIT Desk by NetViet-your expert solution for fast, reliable IT support that keeps your workforce empowered. What Is QuickIT Desk? QuickIT Desk is NetViet’s comprehensive IT helpdesk outsourcing solution that provides expert technical support…
Companies often face urgent demands to fill large numbers of positions quickly-whether for seasonal peaks, rapid expansion, or new project launches. Mass recruitment is the strategic solution for these high-volume hiring needs. But success depends heavily on partnering with the right HR service provider. This is where NetViet stands out as the trusted choice for HR…
On-Demand Staffing service from NetViet offers your company the agility to quickly respond to market fluctuations, project demands, and seasonal peaks without the long-term commitments of traditional hiring. What is On-Demand Staffing? On-Demand Staffing is a modern workforce strategy that enables businesses to hire temporary or project-specific employees quickly and efficiently. Unlike traditional recruitment, this approach offers you the…
