Ho Chi Minh City, 12 May 2025
On 23 April 2025, Indochine Counsel’s Managing Partner, Mr. Dang The Duc, was invited as a keynote speaker in the webinar “Opportunities in Vietnam for Belgian & Luxembourg Companies” hosted by the Belgian-Luxembourg Chamber of Commerce Vietnam. The session spotlighted legal and practical insights for European companies looking to establish or expand their operations in Vietnam, particularly in the area of employment and HR compliance.
With Vietnam continuing to attract strong foreign investment interest, understanding the local employment framework has become essential for sustainable and risk-mitigated market entry. Mr. Duc’s presentation, titled “Employment & HR Compliance: Hiring & Managing Staff in Vietnam”, offered a concise yet thorough overview of the legal landscape for HR management, backed by direct comparisons with Belgium and Luxembourg practices.
Some key highlights from this presentation includes:
- Legal Framework
- Hiring Essentials: Contracts & Probation
- Working Hours, Overtime, and Compensation
- Bonuses, Benefits & Social Insurance
- Internal Labour Regulations & Democracy Rules
- Work Permits for Expatriates
- Belgium & Luxembourg Comparison
Key Takeaways for Foreign Companies:
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Budget realistically: For every USD 1 in gross salary, plan ~USD 1.22 in total cost due to statutory contributions.
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Be proactive: Register IRLs, consult with trade unions, and comply with workplace democracy rules.
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Understand contrasts: Knowing how Vietnamese labour law differs from EU standards helps avoid costly missteps.
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Start right: HR compliance is not just a legal obligation—it’s a foundation for business sustainability in Vietnam.
Watch the full webinar recording: Link to recording
Download the full presentation deck: Link to presentation
Finally, we would like to thank BeLuxCham Vietnam for the opportunity to contribute to this timely and important discussion.
If your business is considering expansion into Vietnam and wants to ensure full HR compliance from the start, our team is ready to support.
Contact us: [email protected]
