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How Much Should You Pay Your Factory Workers in Vietnam?

How Much Should You Pay Your Factory Workers in Vietnam?

In 2024, the Vietnam factory worker salary averages ₫7.7-8.4 million VND (approximately $304-340 USD) monthly. While minimum wage of Vietnam starts at ₫23,800 (~$1.03) in...

Compensation & benefits May 20, 2025

How Data-Driven Benefits Transform Employee Retention In Manufacturing Industry

How Data-Driven Benefits Transform Employee Retention In Manufacturing Industry

Factory turnover in Vietnam costs manufacturers 3-5 months of worker salary for every replacement. With 65% of manufacturing companies reporting employee retention in the manufacturing...

Compensation & benefits May 20, 2025

Factory Compensation: Why Vietnamese Manufacturers Need Reliable Salary Data

Factory Compensation: Why Vietnamese Manufacturers Need Reliable Salary Data

In Vietnam's booming manufacturing sector, your greatest asset—and potentially biggest risk—is your workforce. Are your compensation strategies truly safeguarding your growth, or are they an...

Compensation & benefits May 20, 2025

Transform Your Performance Appraisals Into Powerful Productivity Drivers

Transform Your Performance Appraisals Into Powerful Productivity Drivers

Many traditional performance appraisals waste significant time and money without actually improving employee performance. For large companies, the productivity loss from ineffective performance appraisal processes...

Employee experience May 20, 2025

Top 7 Employee Evaluation Criteria Every Manager Should Know

Top 7 Employee Evaluation Criteria Every Manager Should Know

Most criteria for employee evaluation are broken. Fewer than 30% of companies globally find their systems effective, and 95% of managers are dissatisfied. This failure...

Employee experience May 19, 2025

Why Every Organization Needs a Compliance Advisory Service

Why Every Organization Needs a Compliance Advisory Service

In today's high-stakes environment, one misstep can cost millions in penalties, legal battles, and lost business opportunities. With regulators, stakeholders, and clients increasingly scrutinizing compliance...

HR operations May 18, 2025

Talentnet Compliance Services for Business HR Management in Vietnam

Talentnet Compliance Services for Business HR Management in Vietnam

Managing organizational changes such as mergers, acquisitions, and downsizing requires careful attention to labor law compliance. Talentnet provides specialized HR consultancy to help companies navigate...

HR operations May 17, 2025

Key Considerations When Choosing A Compliance Services Provider

Key Considerations When Choosing A Compliance Services Provider

Operating in Vietnam without proper compliance support risks substantial penalties and business disruptions. For CEOs, selecting a qualified compliance partner stands as a pivotal decision...

HR operations May 16, 2025

Why Effective Compliance Services Are a Business Necessity

Why Effective Compliance Services Are a Business Necessity

Vietnam's labor regulations demand strict adherence from businesses. The Labor Code 2019 and Law on Social Insurance 2014 establish core requirements, while Decree 152/2020/NĐ-CP sets...

HR operations May 15, 2025

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