Why Hire in Vietnam?
Vietnam’s 50‑million‑strong workforce is young, digitally skilled, and highly cost‑efficient. Experienced software engineers, for example, earn VND 20–45 million per month (≈ US$ 800–1,800), which is 50–70 % lower than equivalent salaries in Western markets. This cost efficiency allows your organisation to access top‑tier talent while keeping overall hiring costs under control.
From Gross to Net Pay
The calculator shows take‑home pay after Vietnam’s personal income tax (progressive rates of 5 %–35 %) and mandatory employee contributions to social, health, and unemployment insurance (around 10.5 % of gross salary). Employers should budget an additional 21.5 % for their share of these statutory contributions. Vietnam’s clear and structured tax system makes payroll compliance straightforward and predictable.
Fast, Compliant Hiring
Don’t have a legal entity in Vietnam? High Five’s Employer‑of‑Record service can onboard talent quickly, manage payroll, taxes, and insurance contributions, and ensure full compliance with local labor laws. This streamlined approach gives peace of mind, letting you focus on growing your team—without the hassle of setting up a company.
