1. What is an Employer of Record (EOR)?

Think of an EOR as your local HR and legal partner. An Employer of Record is a third-party organization that legally employs workers on your behalf in a foreign country. While you manage your employee's day-to-day tasks, projects, and professional growth, the EOR handles all the official employment responsibilities.

The EOR manages: Local employment contracts, payroll processing, tax withholding, statutory benefits (like social insurance), and full compliance with Vietnamese labor laws.

You manage: The employee's role, responsibilities, performance, and integration into your company culture.

2. When Should You Use an EOR?

An EOR solution is incredibly versatile, but it's especially powerful in several key scenarios:

• Testing a New Market: You want to hire in Vietnam but aren't ready to commit to the time and expense of setting up a legal entity.
• Hiring Quickly: A project requires immediate talent, and you can't wait the months it might take to establish a local presence.
• Hiring a Small Team: The cost and complexity of entity setup don't make sense for hiring just one or a few employees.
• Ensuring Compliance: You want to avoid the risks of misclassifying employees as contractors and ensure full adherence to local laws without becoming an expert yourself.

3. Key Benefits of Using an EOR in Vietnam

Leveraging an EOR like VietAssist provides several strategic advantages:

• Speed to Market: Onboard new hires in a matter of days, not months. You find the talent, and we can get them started almost immediately.
• Reduced Risk: We take on the burden of legal and HR compliance. Our local expertise protects you from the ever-changing landscape of Vietnamese labor regulations.
• Cost-Effectiveness: Bypass the significant upfront costs associated with legal consultation, entity registration, and administrative setup.
• Core Business Focus: Free up your internal resources to focus on what you do best—building your product and growing your business.

4. How Our EOR Process Works

We've streamlined the process to be as simple as possible:

1. You Find the Candidate: Source your ideal team member through your own recruitment efforts or our expert Headhunting service.
2. We Draft the Contract: Based on the salary and terms you've agreed upon, we create a fully compliant, localized employment contract.
3. We Handle Onboarding: We manage all the necessary paperwork, registrations, and setup for payroll and benefits.
4. You Get One Invoice: You receive a single, clear monthly invoice covering the employee's salary and all associated costs. We handle the rest.