DOING BUSINESS IN VIETNAM – INTERNAL SALARY AND WAGES POLICY

Internal Salary and Wages Policy

DOING BUSINESS IN VIETNAM – INTERNAL SALARY AND WAGES POLICY

(Last Updated On: August 27, 2021)

Dear Valued Clients,

A written salary & wages policy is not only a powerful internal regulation for management but also helps to optimize the required compliance procedures. A salary & wages policy shall consist of:

  • Definition of total incomes that an employee can receive during the employment period, including Tittle salary & wages, allowances & bonus, other tangible and intangible benefits, and advantages.
  • Terms and calculation methods on the incomes and other benefits.
  • Payment methods and procedures on each employee and divisions.
  • Enhance a fair and transparency relation between the employer and employees. Supporting for better working environment where there is a better life for employees and more stabilization development for company.
  • Complied properly with local labour laws and regulations, optimize labor cost, compulsory insurances, personal income tax, and corporate income tax.

Experienced in local labour laws and regulations since 2006, VIVA is always ready with solutions and resources that help our clients in reviewing and issuing the written salary & wages policy in tailored made manners.

Please contact with our expertises should you have any queries or questions.

 

WHO WE ARE

  • VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006.
  • The insights and consistent backgrounds in Business Laws - Accounting and Corporate Finance - Tax Management – Labor Relations and Payroll - Secretarial services help us build trust and confidence in the entrepreneurs’ community.
  • We have been successfully providing service for thousands of leading companies from Hong Kong, Japan, US, EU, Singapore, India, China, Korea…. in forms of FDI companies, Foreign representative offices, Foreigner working in Vietnam, Vietnamese SMEs, Chief Operation Officers.
  • VIVA's logo is our Brand name, our signature, it states our faith - independence - transparence - and loyalty for client's interest. The signature is commitment and honor on our outstanding expertise and professionalism. It is the symbol of good standing for our clients whenever they are doing business with customers, partners, the local competent state agencies...

 

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