What are the required Procedures that Foreign Employees in Vietnam shall keep in mind?
- Visa for experts and businessman
- Work permit
- Temporary residence card
- Personal income tax
- Compulsory insurances
- Labour contracts, Employment records and relations
- Rights and obligations of Chief of representative offices and Legal representatives of a business entity | Direct investment in Vietnam and other procedures at the local competent state agencies and remittances
- Legalized and notarized translations of overseas papers | Local banks accounts and remittances | Manage contracts | Buy, rent and purchase housing
Entry Visa for Experts and Investors
There are 5 most popular visa symbols and time limits
Symbol ‘’ ĐT’’
- has time limits of visa from 12 months and do not exceed 10 years
- Issued to foreign investors in Vietnam
Symbol ‘’LĐ’’
- has time limits of visa do not exceed 2 years
- Issued for experts and foreign employees who have a work permit
Symbol ‘’DN’’
- has time limits of visa do not exceed 12 months
- Issued to people who come to work for companies in Vietnam
Symbol ‘’TT’’
- has time limits of visa do not exceed 12 months
- Issued to foreigners that are parents, spouse, children under 18 years of age of the foreigners issued the above visas
Symbol ‘’DL’’
- Issued tourists
Work Permit
Who can apply for a work permit in Vietnam?
- Executing the labour contracts of Internal reassignments
- Enforcing contracts or agreements on business, commerce
- Providing services under contracts
- Offering services
- Working for foreign non-governmental organizations or international organizations in Vietnam
- Taking charge of establishing the commercial presence
- Working as managers, chief executive officers, experts, technicians
- Participating in the execution of bid contracts and projects in Vietnam
What are the conditions for Issuing a Work Permit in Vietnam?
- The employees are manager, chief executive officer, expert, or technician
- The employment of the foreign worker is approved in writing by a state competent authority
- The worker’s health is fit for working and the worker is not a criminal or liable to criminal prosecution in accordance with the Vietnam law and the foreign country’s law.
Temporary Residence Card
Is granted for:
- A foreigner who is a member of the board director of the stock corporation
- A foreigner who is a member of the two members limited liability company or more
- Relatives of the temporary residence cardholder include parents, spouse, and children
- A foreign lawyer who is licensed to practice following Vietnam law by the Vietnam Ministry of Justice
- Foreigner who is granted a working permit in all kinds of businesses representative offices of foreign companies
- A foreigner who is the owner of the one member limited liability company
- Professionals, students, trainees who are in the national working of studying programs which are signed between the ministries were approved by the Government
The Validity of the Temporary Residence Card
- Expired TRC will be considered for the issuance of a new card
- The duration of the TRC is at least 01 month shorter than the duration of the passport
- TRC with the code LD, PV1 have a term of no more than 02 years
- TRC with the code NN1, NN2, TT have not more than 03 years
- TRC with the code NG3, LV1,LV2,DT, and DH have a term of no more than 10 years
Permanent Residence Card
- A permanent residence card is paper granted by immigration authorities to foreigners who are allowed to permanently reside in Vietnam and have a validity longer than a Visa. Conditions and dossiers for the application of permanent residence cards for foreigners in Vietnam can be tailored on a case by case basis.
Conditions for Permanent Residence Card application
- Foreigners who are legal residents
- Foreigners who have stable incomes to ensure their livings in Vietnam
- Foreigners who are resided in Vietnam for 3 years or more
- Foreigners who are sponsored by their parents, spouses or children who are Vietnamese citizens permanently residing in Vietnam
Management of Payroll and Employment Relations
Manage the labor relations which are basically required by local laws and regulations:
- Relations between employees with company in signing and implementation of labour contracts
- Relations between company with Insurance and Labor agencies in reporting and payments
- Relations between company with Tax Department in reporting, payments and annual settlement
Some Typical Procedures of Employment Relations:
- Employee profile
- Performance of labour contracts
- Modifications, supplementation and termination of labour contracts
- Payroll management and procedures
- Wages: Minimum wage, Formula of wage scales, Forms of wage payment, Wage payment period, Allowances, subsidies, wage raise and other incentives,
- Working time and rest time
- Labour discipline and material responsibilities
- Compulsory social insurance – Trade unions- Personal income tax
- Update and apply for new regulations from the authorities
For any information on The required Local Compliances Procedures for Foreign Employees in Vietnam, please contact our team by email at info@opkofinance.com or by phone at +852 2654 8800.
