Grow Your Workforce in Vietnam

Income Tax in Vietnam

Vietnam has a progressive income tax with rates between 5% to 35%.

Social Security in Vietnam

In Vietnam, social security contributions are mandatory for employers and employees, covering various benefits such as retirement, health insurance, and unemployment insurance.

Employer Contributions

• Social Insurance (Labor, Accident, and Occupational Disease Fund) 0.50% Up to 36,000,000 VND monthly.
• Social Insurance (Retirement & Death Gratuity Fund) 14.00% Up to 36,000,000 VND monthly.
• Social Insurance (Sickness & Maternity Fund) 3.00% Up to 36,000,000 VND monthly.
• Health Insurance 3.00% Up to 36,000,000 VND monthly.
• Unemployment Insurance 1.00% Up to 93,600,000 VND monthly.
• Trade Union Fee 2.00% Up to 36,000,000 VND monthly.
• Total Employer Contribution 21.50%.

Employee Contributions

• Social Insurance 8.00% Up to 36,000,000 VND monthly.
• Health Insurance 1.50% Up to 36,000,000 VND monthly.
• Unemployment Insurance 1.00% Up to 93,600,000 VND monthly.
• Total Employee Contribution 10.50%.

Work Visas in Vietnam

Here are the main work visas available in Vietnam:

LD Visa (Work Visa):

• Purpose: For foreigners working in Vietnam under an employment contract with a Vietnamese company or foreign organization operating in Vietnam.
• Validity: Up to 2 years, based on the work permit duration.
• Requirements: A valid work permit, issued by the Department of Labor, is necessary for obtaining the LD visa.

Work Permit:

• Purpose: Allows foreigners to legally work in Vietnam. It is usually tied to the LD visa.
• Validity: Typically issued for a maximum of 2 years.
• Requirements:
• A confirmed job offer or contract with a Vietnamese employer.
• Relevant qualifications and experience for the role.
• Health check, police clearance, and documents related to your job experience and education.

Investor Visa (DT Visa):

• Purpose: For foreign investors or representatives of foreign companies investing in Vietnam.
• DT1: For investors contributing large capital (more than VND 100 billion or certain high-priority sectors).
• DT2: For smaller investments.

Business Visa (DN Visa):

• Purpose: For foreigners entering Vietnam to work with businesses, attend meetings, or carry out business-related activities, but not under a local employment contract.
• For non-employment income, the individual is required to declare and pay PIT in relation to each type of taxable non-employment income.
• For non-employment income, the individual is required to declare and pay PIT in relation to each type of taxable non-employment income.
• Requirements: No work permit is required, but proof of business activity or relationship with a Vietnamese company may be needed.