Employer of Record in Vietnam

How hiring through an employer of record works in Vietnam

In Vietnam the local employer signs the contract and handles payroll, personal income tax and the compulsory insurances, and your team directs the daily work. Toku's Vietnam country data starts each payroll by asking whether the person is an employee or a contractor, because the two are treated differently, and then builds payroll in dong.

That includes personal income tax (PIT) and the social, health and unemployment insurances, which are worked out and remitted in VND. Where a currency conversion is needed for tax or accounting, the data points to the State Bank of Vietnam exchange rate.

How wages are paid in Vietnam

• Cash or bank account: Toku's country data cites the Labor Code and Decree 145/2020/NĐ-CP for paying wages in cash or through the employee's bank account, which is why payroll stays in VND.
• Dong on the contract: the contract sets a base salary in VND, and payroll calculation, payment and payslip amounts are all expressed in VND.
• Payslips: they show VND gross pay, deductions and net pay, and pay has to arrive on time.
• Non-cash payments: Decree 52/2024/NĐ-CP, effective July 1, 2024, recognizes instruments such as bank cards and e-wallets and does not include virtual currencies. The State Bank of Vietnam has repeatedly said crypto is not legal tender or a permitted means of payment.
• E-wallets: under Decree 52 they are VND-based electronic money products from licensed providers, so they are not crypto wallets.

Employer costs and contributions in Vietnam

Toku's country data lists employer contributions of about 21.5% of insured salary, made up of 17.5% social insurance, 3% health insurance and 1% unemployment insurance. The employee pays about 10.5% (8%, 1.5% and 1%), withheld from pay. Insured salary has statutory floors and ceilings, and special rules apply to foreign employees, so confirm the contribution base for the person you plan to hire.

Personal income tax is withheld from pay and remitted in VND. The VND value of a benefit paid to an employee counts as taxable employment income and can count toward the social insurance base under local rules.

Getting paid in stablecoins, USDC, USDT, tokens and crypto in Vietnam

Short answer: No. Vietnamese wages are paid in dong in cash or through a bank account, virtual currencies are outside the recognized payment instruments and the State Bank of Vietnam says crypto is not a permitted means of payment, so a USDC payout is not available.

What the law says about the form of pay

Article 95(2) of the Labour Code has wages paid in Vietnamese dong and Article 96(2) in cash or through a personal bank account. Decree 52/2024/NĐ-CP leaves virtual currencies out of the recognized non-cash payment instruments, and the State Bank of Vietnam has said crypto is not legal tender or a permitted means of payment.

What it means for employee salary

Vietnamese salary, deductions and payslips therefore stay in dong. Whether any stablecoin element can be offered in Vietnam, to an employee or a contractor, needs legal confirmation for the specific arrangement, and Toku does not assume it. Keep the contract clauses, exchange rate references and payslips so every amount traces back to a VND figure.

Tax on crypto and tokens

Circular 32/2026/TT-BTC (March 27, 2026) sets personal income tax at 0.1% of the transfer price on each crypto transfer through a licensed provider, and Circular 41/2026/TT-BTC (effective April 6, 2026) has the provider withhold the tax.

How Toku handles it

Official rules in Vietnam restrict or prohibit using or offering crypto and stablecoins as a means of payment, so this page does not offer stablecoin payroll, USDC or USDT payouts or token grants for Vietnam. Toku confirms what, if anything, applies to a specific hire before an offer.

Reviewed November 7, 2026 against the official sources listed below. General information, not legal or tax advice. Tax on crypto or tokens received depends on local rules and where the person is resident, so confirm it with a local adviser.

How hiring through Toku works in Vietnam

1. Share the role, location, salary and start date.
2. Toku confirms coverage, the contract type and the right to work.
3. The local employer issues the contract and onboards the person.
4. Payroll, contributions and filings run each cycle.

A start date is agreed once Toku has checked the role, the work location and the contract terms. Prepare the signed contract, identification, tax and insurance numbers and a bank account, since payroll runs from the VND salary in the contract. Your quote confirms the timeline for Vietnam.

What an employer of record costs in Vietnam

Where Toku supports the hire, its employer of record service starts at $599 per employee per month, with salary, employer contributions and benefit premiums itemized in your quote. Coverage in Vietnam is confirmed before an offer. See the published pricing.

More on hiring in Vietnam

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