PEO is an abbreviation for Professional Employer Organization. This is a business concept that has gained global traction as a result of the economic internalization process. PEO has become a trend in Vietnam as the demand for Vietnamese labor force recruitments grows.
Vietnam PEO
As the Vietnamese economy grows, it is proving to be a formidable player in international trade. With strong growth in manufacturing, technology, and agriculture, businesses of all sizes are eyeing Vietnam as a promising new market. Doing business in Vietnam, on the other hand, can be challenging for those unfamiliar with business practices and etiquette. As a result, foreign companies looking to expand in Vietnam should consider using a professional employer organization (PEO) or employer of record (EOR).
Why you should have a Vietnam PEO partner?
A PEO partner assists businesses in hiring employees in Vietnam without the need to establish a legal entity. The PEO partner in Vietnam manages all human resources, benefits, payroll, and tax needs for the employees, while the new hires and headquarters teams focus on your business goals.
When it comes to hiring employees in Vietnam, establishing a subsidiary or branch office is not always the best option because it can be a time-consuming and costly process. Hiring through a Professional Employer Organization (PEO) or Employer of Record (EOR) is a faster and often more effective option – especially when launching a new business in a foreign country.
VNBG as your PEO partner in Vietnam
Our advantages as a PEO partner in Vietnam
- VNBG serves a large number of clients, including both multinational companies and local Vietnamese clients. VNBG secures labor contracts in bilingual mode and ensures full legal and tax compliance in all aspects of employment setup and management. The extensive network of local consultants at VNBG enables us to provide a localized experience, assisting companies not only to start a business in Vietnam but also to thrive in Vietnamese business culture.
- VNBG offers workforce solutions that enable clients to interact with HR and payroll departments while remaining in a remote location. For new companies that have found their own local specialists in Vietnam, HR support issues can be offloaded to their all-purpose system.
- VNBG promotes quick onboarding and recruitment solutions as the legal employer in charge of hiring and workforce management.
- VNBG’s extensive capacities and local networks make us a strong partner for your Vietnam expansion. Our Employer of Record (EOR) service demonstrates the expertise of our team, which is capable of securing not only the necessary arrangements for hiring staff but also of maintaining them compliantly and cost-effectively when compared to establishing an entity in Vietnam.
- Our PEO service advantages: VNBG offers multiple and flexible charging schemes which help optimize our partner’s budget. We have solutions to help our partners maintain the most competitive prices in the market. PEO services with no deposit, at a flat rate or percentage rates, are all available with VNBG’s PEO and EOR’s service. VNBG has been proven to be the most preferable PEO partner in the Vietnam market for many international PEO companies.
Get a Quote now
If your company wants to expand into Vietnam, VNBG can be the PEO partner that best meets your needs at the most affordable price. Fill out the form below, and our consultant will contact you as soon as possible with the best quotes.
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