Korean businesses in Vietnam: real context
Korea has been in the group of largest foreign investors in Vietnam for many years, focusing on electronics, textiles, and construction. Korean businesses' need to hire human resources in Vietnam is often divided into two groups: management/technical personnel and large-scale production workers.
Hiring process in Vietnam through EOR for Korean businesses
- Discuss location needs, quantities, and expected expansion plans.
- Get advice on suitable models: EOR for management/technical personnel, labor supply for production workers.
- Sign a service contract, deploy in 1-2 weeks with EOR or 3-7 days with labor supply.
- The service provider handles labor contracts, insurance, and work permits for Korean experts.
Notes on work permits for Korean experts
Korean experts and managers working in Vietnam need a work permit (except for exemptions according to regulations), so they should prepare documents (diplomas, consular legalized criminal records) at least 3-4 weeks before the expected start date.
The Korean business sector often has factories
Bac Ninh, Thai Nguyen, Hai Phong (North) and Dong Nai, Binh Duong (South) are areas with many Korean businesses concentrated - labor supply providers with networks in these areas will meet demand faster.
Reference salary
Salaries for management/technical personnel working with Korean businesses are often equivalent to or slightly higher than the general level due to Korean language requirements or experience working with foreign businesses.
Do Korean businesses need a Vietnamese - Korean bilingual contract? Not required by law, but should have a bilingual copy or at least an English copy to avoid misunderstandings, especially with terms on salary, bonuses, and contract termination.
Does hiring staff in Vietnam for a Korean business need a representative office first? Not required if using the EOR service — this is an advantage that helps Korean businesses survey the market before deciding to open a representative office or subsidiary.