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ensure error-free payroll and comprehensive HR services. As a developing country with the usual pains of growth, Vietnam has a higher than average turnover rate and constantly changing rules and regulations in terms of corporate and foreign taxes
It may be shocking for you to know that more than 50% of businesses and nearly 90% of startups fail globally within the first 5 years of their establishment. Several factors contribute to their failure and one of the most important is the negligence of their HR and payroll functions. Neglecting HR and payroll functions … Continued
There are always new opportunities and challenges in setting up a new business in a foreign country. If you want to have a successful business in Vietnam, you must consistently address the common issues with payroll management. Hiring, firing and dealing with taxes, insurance and more can tough while navigating the bureaucracy of a new … Continued
Employer of Record (EOR) in Vietnam is a service that partners with a business to help the business expand into the country, hire employees, and manage and pay the company’s employees – all through a single EOR provider. However, the employees do not work for the EOR provider, but for the company that uses the … Continued
Vietnam has experienced the most phenomenal transformation over these years with its market openness and policy changes to attract and facilitate foreign direct investment. Not only there are more and more new businesses in Vietnam, but there are also numerous foreign companies expanding their operations in the country. Various outsourcing processes, then, are demanded by … Continued
On November 20, 2019, Vietnam’s National Assembly adopted the New Labor Code. The New Labor Code replaced the 2012 Labor Code starting January 1, 2021. These changes are likely to affect HR and Payroll processes for foreign companies in Vietnam. Read More about Cekindo’s HR Outsourcing Services for Companies in Vietnam The implementation of the … Continued
payroll service provider minimizes the need for in-house payroll personnel, guarantees compliance with Vietnam’s payroll laws, and eliminates the need to purchase or maintain software packages.
Payroll processes and regulations are complicated in Vietnam and they have made many HR departments want to scream out of frustration. This is especially true for companies that rely on their internal HR employees. Payroll in Vietnam is often a nightmare for most companies and there are many areas where errors can occur easily and … Continued
BPO, or Business Process Outsourcing, is a growing trend in today’s business landscape in Vietnam and is a fantastic way of outsourcing services & reducing overhead costs. These services include, accounting, HR, Payroll, corporate tax, & recruitment outsourcing. Find Out About Cekindo’s Business Process Outsourcing Services in Vietnam For a lot of businesses in Vietnam, … Continued
Payroll management should be a top priority of any business as they plan to enter a new market like Vietnam. Payroll can be managed either in-house or outsourced. No matter how lucrative it seems, outsourcing right after starting a new business sounds risky. Thus, the decision to choose outsourcing or keeping payroll management in-house when … Continued
To ensure your business operations run seamlessly in Vietnam, one must stay on top of payroll and HR compliances. However, complying with the country’s changing laws with in-house payroll and HR departments may add costs, time, and stress to management. And still, that doesn’t always ensure flawless compliance. Many multinational firms outsource their payroll and … Continued
HR outsourcing in Vietnam isn’t exactly a new idea in Vietnam’s dynamic business environment. HR outsourcing means having an external, third-party vendor to provide company HR services that usually perform internally in the company. For many years, companies in Vietnam have contracted with HR outsourcing suppliers to perform a myriad of HR functions. Read About … Continued
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