In the month of May, AYP organised our first series of webinars which were centred around payroll regulations in various countries around the ASEAN Region. This included rules and regulations, statutory contributions and how JuzTalent can help companies in the various ASEAN regions with processing and organising their payrolls. This webinar series was hosted by experienced in-house AYP staff, who have extensive experience and knowledge in the payroll process. If you’ve missed out on this webinar but would like to find out more, then read on and be sure to be on the lookout for our other upcoming webinars.
The guest speaker for Vietnam’s addition of the payroll journey webinar was Ho Thi Hong Yen. She is AYP Vietnam’s Assistant Country Manager with over 10 years of experience in processing payroll and providing professional, responsive payroll services to clients in Vietnam.
Payroll rules & regulations: Salaries in Vietnam are paid once a month and generally on the last day of the month. Alternatively, companies set a fixed pay date. 13th month pay is not necessary for employees. For incomplete months worked, pro-rated salary is paid to employees, which is calculated according to the number of days worked. Annual income also has to be reported by employers under the Personal Income Tax Finalisation. This has to be done by 1 April annually.
Taxes: Personal Income Tax has to be paid monthly using a progressive method to calculate this. Taxes are deducted in fixed percentages, depending on how much an employee earns monthly.
How Can Juztalent Help? Juztalent’s payroll processing provides accuracy, efficiency and high levels of satisfactory customer service. Your statutory submissions are well taken care of, along with government claims, annual income preparation, punctual report submissions, updates on upcoming laws on taxes as well as social insurance and labour. JuzTalent ensures that your payroll is done accurately and that all legal taxes and submissions are appropriately and punctually taken care of.