Country overview
Vietnam
Fast-growing engineering and back-office talent, centred on Ho Chi Minh City and Hanoi. Minimum wages are regional (Regions I–IV).
Southeast Asia
How minimum wage works here
Regional monthly and hourly rates (Regions I–IV) under Decree 293/2025/ND-CP, effective 1 Jan 2026. Ho Chi Minh City's urban districts are Region I; some outer areas are Regions II–III. Hanoi's central wards are Region I; Da Nang's urban wards are Region II.
Cities
Employer contributions
Social insurance (SI)
Employer 17.5% / employee 8% of salary, capped at 20× the reference level
Cap amount in VND not yet verified, so the calculator does not apply it. Results may overstate SI for high earners. Foreign staff are covered if they hold a work permit and a contract of at least 1 year.
Source: PwC Worldwide Tax Summaries – Vietnam (reviewed 23 Sep 2026)Last checked Oct 2026Health insurance (HI)
Employer 3% / employee 1%, capped at 20× the reference level
Cap not applied in the calculator (see SI).
Source: PwC Worldwide Tax Summaries – Vietnam (reviewed 23 Sep 2026)Last checked Oct 2026Unemployment insurance (UI)
Employer 1% / employee 1%, Vietnamese employees only, capped at 20× the regional minimum wage (₫106.2m in Region I)
Cap = 20 × ₫5,310,000 (Region I).
Source: PwC Worldwide Tax Summaries – Vietnam (reviewed 23 Sep 2026)Last checked Oct 2026
13th-month pay
No statutory 13th-month pay identified. A Tết bonus is customary but its legal status is pending confirmation.
Internet
Ookla Speedtest Global Index
Country median (Aug 2026): fixed 301.48 Mbps down / 253.42 up; mobile 219.93 Mbps down / 40.45 up
Country-level median, not city-specific.
Public holidays 2026
11 paid public holidays under Labour Code 2019 Art. 112. For 2026, Tết ran 16–20 Feb; National Day was 1–2 Sep.
The official schedule binds the public sector. Private employers set their own Tết days within the statutory 5.
Regular holidays
- 1 Jan – New Year's Day
- Lunar New Year (Tết) – 5 days (16–20 Feb 2026)
- 10th day of 3rd lunar month – Hung Kings' Commemoration
- 30 Apr – Reunification Day
- 1 May – International Labour Day
- 2 Sep + 1 adjacent day – National Day (1–2 Sep 2026)
Power
Awaiting firsthand field notes and an official grid-reliability source.
Entity setup basics
A foreign-invested company usually needs an Investment Registration Certificate (IRC) and then an Enterprise Registration Certificate (ERC) from the provincial investment authority. Charter capital must be contributed within 90 days through a direct investment capital account.
Typical steps
- Investment Registration Certificate (IRC)
- Enterprise Registration Certificate (ERC)
- Direct investment capital account and capital contribution
- Tax and e-invoice registration
- Social insurance registration; work permits for foreign staff
Timeline and cost
Realistic timeline and cost to come from field notes.
EOR / payroll coverage
| Provider | EOR status | Link |
|---|---|---|
| Deel | Listed | Provider page |
| Remote | Listed | Provider page |
| Multiplier | Listed | Provider page |
Based on each provider's public country page. Confirm coverage, pricing and entity model directly before signing. No affiliate links.
Last checked Oct 2026