1. Vietnam – A Rising Star on the Global Investment Map

Over the past decade, Vietnam has become one of the fastest-growing economies in the Asia-Pacific region. Its stable political environment, young workforce, competitive labor costs, strong digital transformation, and participation in free trade agreements such as EVFTA, CPTPP, and RCEP have made Vietnam an attractive destination for international investors. EOR services.

According to the Ministry of Planning and Investment, total registered and expanded FDI in 2025 is expected to exceed USD 40 billion, primarily from corporations in manufacturing, technology, logistics, finance, and e-commerce.

However, setting up a legal entity in Vietnam remains complex and costly — from obtaining investment licenses and office leases to understanding tax, labor, and social insurance regulations.

That’s why EOR services — a legal and flexible HR solution — have become the “gateway” for foreign companies to expand quickly into Vietnam without establishing a local subsidiary.

2. What Is an Employer of Record (EOR Services)?

An Employer of Record (EOR) is a third-party organization (such as NIC Global) that legally employs workers on behalf of a foreign company. It allows foreign enterprises to hire and operate in Vietnam without setting up a legal entity.

The EOR services assume full responsibility for:

• Signing labor contracts in compliance with Vietnamese law
• Managing payroll, tax, social insurance, and employee benefits
• Ensuring compliance with labor, tax, and insurance laws
• Supporting onboarding, HR management, and timekeeping

Through EOR services, foreign companies can:

• Hire qualified local staff
• Assign work, manage performance, and oversee daily tasks
• Pay service fees under a contract with the EOR provider

In essence, EOR services act as a legal and operational bridge between global businesses and Vietnam’s labor market — enabling fast, compliant, and cost-efficient operations.

3. Key Benefits of Using EOR Services in Vietnam

3.1. Save Time and Costs

Instead of spending 3–6 months establishing a legal entity, businesses can start operations in just 5–10 days through NIC Global.
No need for a tax ID, local office, or complex reporting — NIC Global manages everything.

3.2. Legal Compliance and Risk Reduction

Vietnam’s labor and tax regulations change frequently. With NIC Global’s legal and HR experts, companies stay 100% compliant and avoid penalties or administrative risks.

3.3. Flexible Scaling

EOR services let companies expand or downsize teams easily based on project needs — from one specialist to hundreds of operational staff — optimizing HR costs at every stage.

3.4. Focus on Core Business

With legal and HR administration handled by NIC Global, businesses can focus on sales, growth, and strategy, not paperwork.

4. Who Should Use EOR Services in Vietnam?

EOR is ideal for:

• Foreign companies testing the market before establishing a subsidiary
• Global startups hiring Vietnamese staff remotely
• MNCs expanding short-term projects or branches legally
• Businesses in tech, logistics, e-commerce, or finance requiring flexible hiring

5. Vietnam – A Dynamic Labor Market for Global Expansion

With a population of over 100 million, 70% of which is of working age, Vietnam is a human capital powerhouse.

• Skilled workforce: 500,000+ university graduates annually, many with English and digital skills.
• Competitive labor cost: 30–40% lower than Thailand and Malaysia.
• Strong work ethic: Vietnamese employees are known for responsibility, diligence, and adaptability.

Through EOR, global businesses can build strong local teams at a fraction of the cost — efficiently and legally.

6. NIC Global – Vietnam’s Trusted EOR Services Partner

With over 23 years of HR outsourcing expertise, NIC Global is a leading EOR services provider trusted by hundreds of local and international enterprises.

6.1. Comprehensive Capability

• Recruitment and labor contracts
  
• Payroll, tax, and social insurance management
  
• Attendance, benefits, and annual leave tracking
  
• Labor law compliance consulting
  

6.2. Nationwide Presence

Offices in Hanoi, Ho Chi Minh City, Bac Ninh, Hai Phong, Binh Duong, and Dong Nai — supporting clients across Vietnam.

6.3. Modern HR Management System

NIC’s digital HRM platform enables real-time monitoring of payroll, tax, and employee data — transparent, secure, and efficient.

6.4. International Partnership Experience

Trusted by FDI clients from Japan, Korea, Singapore, Germany, and the U.S., especially in manufacturing, IT, retail, and finance sectors.

“As a legal representative, we help foreign businesses operate in Vietnam — faster, safer, and more cost-effective — without setting up a company.” — Ms. Pham Phuong Thu, HRO Services Director, NIC Global

EOR Services vs. Setting Up a Legal Entity in Vietnam

 EOR Services – A Strategic Step for Market Entry

Many global companies now use EOR services as a “soft landing” strategy — testing Vietnam’s market, building local teams, and understanding culture and regulations before formal investment.

This approach helps businesses:

• Reduce initial investment risks
• Evaluate market potential
• Build a ready team before expansion