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Our updated 2020 Vietnam Payroll Quick Guide effective for payrolls after 1 January 2020, reflects increased minimum wages and compulsory insurance contributions in certain circumstances. This guide assists employers and employees to understand general calculations and obligations with payroll and payroll related taxes and insurances in Vietnam.

Employers and employees should note that from 1 January 2020 the Vietnam Minimum Wages increases across the four specific Zones in Vietnam. This increase will also result in increases to the maximum cap for calculating Unemployment Insurance for all staff (both the employee and employer portions).

Employers should seek to incorporate these changes into their 2020 budgeting process, and understand how these changes impact on each of their employees.

Please contact Domicile Corporate Services if you would like to discuss your salary strategies, or how these changes impact your business.

Download our Quick Guide publication to Vietnamese payrolls below:

 

Download PDF

 

contact:

Matthew Lourey, Managing Partner This email address is being protected from spambots. You need JavaScript enabled to view it.

Do Thi Thao, Manager - Accounting This email address is being protected from spambots. You need JavaScript enabled to view it.

Nguyen Thi Vu Phung , Manager - Accounting This email address is being protected from spambots. You need JavaScript enabled to view it.

Huynh Thi Bao Tran , Head of Payroll Services This email address is being protected from spambots. You need JavaScript enabled to view it.

 

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Please feel free to contact Domicile Corporate Services or visit us using the information below.

Vietnam Offices

Ho Chi Minh City:
Level 9, Abacus Tower
58 Nguyen Dinh Chieu, District 1 

Hanoi:
Level 13, Hanoi Towers
49 Hai Ba Trung, Hoan Kiem District

Danang:
Level 3, Indochina Riverside Tower
74 Bach Dang, Hai Chau District

Email

info@domicilecs.com

Phone

+84 (0)28 6291 5779 (HCMC)
+84 (0)24 3266 3314 (Hanoi)
+84 (0)236 366 4662 (Danang)

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