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Vietnam

At a glance

  • Capital

    Hanoi

  • Currency

    Vietnamese đồng (₫, VND)

  • Official Languages

    Vietnamese (official language)

  • Population Size

    99,460,000 (2022)

  • Ease of doing business

    Easy

  • VAT

    0.1

About

Following lengthy conflict in the 20th century, Vietnam has transformed into one of the fastest-growing economies in Southeast Asia. With a strong export-led model, the country is a global leader in agricultural production and is rapidly advancing in technology and manufacturing. Its strategic location and competitive labour costs make it an attractive market for companies considering global expansion.

Vietnam is not only a top destination for tourism but also a compelling choice for businesses seeking reliable global payroll providers and compliant workforce solutions. Through our trusted local partner, Mauve Group offers in-country support including Employer of Record services, HR compliance, and payroll setup. Whether you're establishing a local team or managing international operations remotely, Mauve streamlines your entry into Vietnam’s dynamic market.