As foreign direct investment (FDI) into Vietnam continues to grow rapidly, foreign enterprises are increasingly focused on optimizing their entry and operational processes in this market. One popular solution today is the EOR Service, also known as Employer of Record (EOR). Beyond saving time and costs, this service is becoming a strategic key that helps FDI enterprises quickly, legally, and flexibly penetrate the Vietnamese market.

EOR Services – NIC Global

1. Strong FDI Growth in Vietnam

According to the latest statistics from the Ministry of Planning and Investment, in just the first six months of 2025, total FDI into Vietnam reached over USD 15.2 billion — up 13.1% year-on-year. The most attractive sectors include:

• Manufacturing and processing industries
• High technology
• Professional, technical, and IT services

Notably, investors from South Korea, Singapore, Japan, the United States, China, and Europe continue expanding in Vietnam thanks to a stable political environment, a young workforce, competitive operating costs, and strong international integration strategies.

However, to implement investment projects or expand operations in Vietnam, FDI enterprises often face many barriers related to legal procedures, work permits, business registration, and HR management. This is where EOR Services serves as a comprehensive “bridge” solution.

2. What is EOR Service?

EOR service (Employer of Record – EOR) is a solution in which a third party (the EOR service provider) acts as the official legal employer for employees, on behalf of foreign enterprises that do not yet have a legal entity in Vietnam.

In other words, it allows FDI companies to:

• Hire employees in Vietnam without setting up a company
• Fully comply with Vietnamese laws (labor, social insurance, PIT, etc.)
• Legalize labor contracts, payroll, tax filing, and social insurance registration
• Reduce legal risks when operating in a new market

This is a globally popular model chosen by many multinational corporations during market research, pilot expansion, or when hiring foreign experts to work in Vietnam.

3. Why Is EOR the “Key” to Entering the Vietnamese Market?

3.1. Rapid Market Entry

No need to open a company or spend months obtaining licenses — with the help of an EOR provider, companies can start hiring and operating within just a few days. This is particularly useful for:

• Market exploration
• Trial business operations
• Setting up a representative office before establishing a legal entity

3.2. Operating Cost Savings

Compared to establishing a subsidiary, hiring accountants, HR staff, and handling internal procedures, EOR can reduce initial HR costs by 30–50%. There’s also no need to spend on office space, equipment, or admin operations.

3.3. HR Management Flexibility

Companies can hire quickly, terminate quickly, or adjust headcount easily according to project phases — a major advantage in today’s fast-changing, competitive environment.

3.4. Better Legal Compliance

Vietnam’s legal environment has many specifics (e.g., restrictions on foreign work permits, regional minimum wage regulations, standard labor contract formats, mandatory social insurance) — without legal expertise, companies risk violations. EOR helps eliminate these risks.

3.5. Enhanced Employer Branding

Partnering with a reputable local provider allows companies to build a professional and transparent employer brand, strengthening trust among candidates and the local community.

4. NIC Global – Trusted EOR Partner for FDI Enterprises

With over 20 years of experience providing HR solutions to domestic and international businesses, NIC Global is proud to be one of Vietnam’s pioneers in offering comprehensive, transparent, and effective EOR Services.

Our services include:

• Representing companies to sign labor contracts and manage legal employee records
• Handling payroll, PIT declaration, social insurance, and mandatory benefits
• Securing work permits and temporary residence cards for foreign employees
• Assisting with labor disputes and personnel changes
• Providing HR strategy consulting tailored to industry and organizational models

Our advantages:

• Legal expertise: Our team of legal and HR specialists fully understands Vietnamese law
• Technology-driven transparency: Clear and accurate payroll, reporting, and employee record management
• International experience: Partnerships with companies from Japan, Korea, the US, Singapore, Germany, etc.
• Security and compliance: Commitment to confidentiality and full adherence to the Ministry of Labor and the Ministry of Finance regulations

5. Who Should Use EOR Services?

This service is suitable for:

• FDI enterprises entering Vietnam without a legal entity
• Foreign companies with short-term projects or specialist teams in Vietnam
• International NGOs need to hire local staff
• Foreign startups testing products/services in Vietnam
• Large corporations need rapid hiring in multiple provinces

Right Partner, Long-Term Success

Vietnam remains a highly attractive destination for foreign investors. However, to operate legally, efficiently, and flexibly, FDI enterprises must choose the right solution and a trusted partner.

EOR Services not only “open the door” to the market quickly but also ensure compliance and peace of mind during operations. NIC Global is committed to supporting businesses throughout their development journey in Vietnam, from the initial steps to sustainable expansion.

Contact NIC Global today for a free consultation on EOR and HR solutions designed for FDI enterprises.

For contact and support:

Facebook: NIC Global – Human Resource Solutions
LinkedIn: NIC Global Sourcing JSC
Website: www.nicvn.com
Email: info@nicvn.com
Hotline: (+84) 981.23.43.76
Address:

• Hanoi Office: No. 3A Thi Sach, Hai Ba Trung Ward, Hanoi, Vietnam
• Ho Chi Minh City Office: Dakao Center Building, 35 Mac Dinh Chi, Sai Gon Ward, Ho Chi Minh City, Vietnam

See more:
Payroll service
Staffing service
EOR service