As one of the fastest-growing economies worldwide and as an upcoming leader in Asia, Vietnam offers great potential for international businesses. However, expanding into Vietnam and paying employees overseas can be complex and risky. By using our EOR service, we become responsible for the legal complexities, and you can focus on the many chances Vietnam has to offer.
Vietnam has a socialist-oriented economy that is mainly built on the Agriculture sector, but with successful and important Industry and Service sectors as well. The country has become an attractive destination for foreign investors due to its bright perspectives and advanced export sector.
With a tourism sector waiting to thrive in an already growing economy, Vietnam is becoming one of the most popular countries for global expansion with a broad spectrum of opportunities.
As an EOR we conclude an agreement with both you and the employee who will be working for your company. We become the legal employer of your new workforce and are responsible for taxes, labor laws, and other local regulations that might be unfamiliar to you now. Your company maintains control over the working relationship, work ethics, tasks, and daily responsibilities of your employee.
An Employer of Record (EOR) is the legal employer of your new workforce. Our agency in Vietnam will legally hire your selected employees while you are responsible for day-to-day activities.
At Bradford Jacobs, we are currently operating in over a hundred countries in which we use local networks of experts. This allows us to gain expert knowledge of local laws and regulations, but also of recruitment customs and trends. By partnering with us as an EOR your company will have access to this expert knowledge too.
Our contract with your employee is 100% compliant with the Vietnamese labor laws and includes benefits such as insurance and pensions. We can hire, onboard, and manage your new employees in Vietnam within days.
This is what we can do for you:
The greatest benefit of using an EOR is probably that there is no necessity for you to set-up an entity in Vietnam. This process can take months and during this period, it is unlikely that you have legal resources to pay your employees in Vietnam resulting in a considerable delay in your global expansion plans.
Global expansion is an exciting step that often leads to a growing and successful business, but the red tape in a new country can be demotivating and frustrating. Imagine a way to globally expand your business without red tape and at low costs: that is what working with an EOR can do for you.
By letting us take care of the hard part, you can focus on the great part: expand your business into Vietnam. These are the aspects we can take away from you:
As an employer, you are usually responsible for all legal aspects regarding the employment of your employees. In a new country, this process will probably take some more effort while it does not have to.
At Bradford Jacobs, we have extensive experience with Vietnamese payroll, taxes, and other local laws and regulations. We can help you with
Employees are the main core of your business. They keep the engine running and therefore, it is also important to create a stable agreement that is satisfactory to both employer and employee.
As a legal employer, the EOR, we are responsible for keeping your employees happy with the work agreement. Due to our broad network and experts, we can offer employees great benefits and a reliable, compliant employment contract. We will make sure they enjoy:
Working with contractors on a project- or temporary basis can provide a great solution during your global expansion. At Bradford Jacobs, we have access to a wide pool of international contractors, and we can find you the perfect fit for your project or expansion.
Since it is often not allowed for a contractor to work full-time for you solely, we can always set up an EOR when necessary, providing you with a swift solution for your international workforce. Feel free to share your plans and dreams with us so that we can find the perfect solution and provide a compliant working agreement that suits everyone.