The payroll services industry in Vietnam is experiencing rapid growth in recent years, driven by a combination of factors, including the government's initiatives, favorable business environment, and a growing number of companies in need of payroll solutions. This article will examine key statistics, growth factors, trends, challenges, and future outlook shaping the payroll services industry in Vietnam.
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TINH HOA SOLUTIONS
71
+84 1900 636236 hr@giaiphaptinhhoa.com
Tinh Hoa specializes in solutions such as AutoHRM and Auto identification that help in saving time and manage larger employee base. AutoHRM is a set of software solutions that administer automated tasks including time attendance, payroll,and employee management. The HRPro7 Time Attendance Software efficiently calculates overtime with complex shifts and reduces errors in payroll processing. Tinh Hoa Solutions offers customization across industry verticals based on the customers needs. The Employee Appraisal System (EAS) provides a platform to develop, evaluate, and boost the efficiency of a team. This software can be operated independently and linked with HRPRO7 HRM software. Organizations can leverage HRPRO7. EAS for all kinds of businesses and enhance work efficiency with accurate training and planning. Tinh Hoa Solutions has helped various organizations ranging from traditional manufacturing to modern IT to address challenges with its automated solutions. For instance, a company t…
CÔNG TY TNHH CUNG ỨNG NHÂN LỰC NHÂN KIỆT
19
+84 28 3505 4224 info@nhankiet.vn
Giới thiệu công ty Nhân Kiệt được thành lập và hoạt động từ tháng 4/2009, với lĩnh vực hoạt động chính là Cho thuê lại lao động; Gia công hàng hóa, thầu khoán, thầu phụ; Cung ứng lao động thời vụ, lao động tạm thời; Hợp thức hóa lao động; Dịch vụ bốc xếp; Dịch vụ đóng gói; Dịch vụ vệ sinh công nghiệp; Dịch vụ tính lương; Dịch vụ tuyển dụng, cho các doanh nghiệp sản xuất sử dụng nhiều lao động hoặc các doanh nghiệp sử dụng lao động không mang tính thường xuyên, các doanh nghiệp mới hoạt động mà lực lượng lao động tuyển dụng chưa đủ hay các doanh nghiệp muốn sử dụng lao động thuê ngoài như là một lợi thế cạnh tranh để chuyển chi phí nhân công vốn được xem là định phí, thành biến phí có hóa đơn. Thông tin Liên hệ CÔNG TY TNHH CUNG ỨNG NHÂN LỰC NHÂN KIỆT Trụ Sở Chính: Phòng 202, Tòa Nhà 57, Số 57 Lê Thị Hồng Gấm, Phường Nguyễn Thái Bình, Quận 1, TP. HCM Điện thoại: 08.35054224 Emai: info@nhankiet.vn Website: Tiếng Việt: http://nhankiet.vn/ Tiếng Anh: www.staffing.vn; Tiếng Nga:…
EMPLOYMENT VIETNAM
163
+84 24 3222 2268 info@employmentvietnam.com
Employment Vietnam is a human resource leader in the local region with a global reach. We are a retained executive search firm that provides top talent to our clients to lead their organizations key roles. We operate through focused industry practice groups, each led by experienced recruiters, team-spirited and talented professionals. Working in a seamless collaboration to deliver the best possible outcome for both clients and candidates. Our offered services: 1) Executive Search 2) Volume Recruitment 3) Recruitment Process Outsourcing (RPO) 4) Candidate Mapping 5) Contract Staffing Service 6) Payroll Service Industry focus is divided into 4 major sectors: 1)Fast Moving Consumer Goods & Professional Services - FMCG, Legal, Advertising, Education, Ecommerce, Retail, Hospitality, F & B, Aviation, Technology, Real Estate (Property Development), Investment Fund, Consultancy incl. Big 4 2)Industrial - Garment/Textile, Agriculture, Engineering/ Mechanical, Oil & Gas, …
JOLIE SIAM
75
+84 28 3911 7545 sales@joliesiam.com
Founded in 2006 by Blandine Peillon and Thanh Tu Le, Jolie Siam has been active in HR Outsourcing Solutions and especially Full Reception Services for the past 15 years in Vietnam. Our long term goal is to be the company that provides the best talents and develops a world of smiles not only at Jolie Siam but also at clients offices by ensuring welcoming services and reliable HR solutions for quality of life in the enterprises. *Why Jolie Siam? - Benefit from experience and expertise from a specialist - Achieve staffing flexibility and reduce overhead - Succeed better continuity and risk management - Free your resources and work on your core business *What do we provide? - Full Service (recruit, train, backup, replace, retain & quality assessment) for receptionist, receptionist cum admin, customer service agent, concierge positions. - Staffing Solutions for the accountant, admin, assistant, data entry, etc. - Outsourcing Solutions for other positions especially tea lady, IT/developers…
NETCASH
105
+84 861 338 338 support@netcash.co.za
With more than 20 years of experience in the payments industry, Netcash is a leading payments provider to businesses of all sizes throughout South Africa. We provide quality accounting, payroll and payments services and are passionate about giving you the best possible suite of services to make your business succeed.
PERSOLKELLY VIETNAM
328
+84 24 3538 1996 info_vn@persolkelly.com
PERSOLKELLY is one of the largest recruitment companies in Asia Pacific providing comprehensive end-to-end workforce solutions to clients. Headquartered in Singapore, the company was established in 2016 and is a joint venture between Kelly Services, Inc. and affiliates of PERSOL HOLDINGS Co. Ltd. Today, PERSOLKELLY operates more than 45 offices across 13 markets including Australia, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam. For more information, please visit www.persolkelly.com
PEOPLE LINK JSC
32
+84 24 7300 1990 info@peoplelinkvietnam.com
Founded in 2001, People Link JSC is a leading provider of diversified contracting services by providing unique solutions in areas like recruitment, outsourcing, payroll, training & employees satisfaction which is enhance client international completeness. We deliver the best practice, taking account of difference cultural aspects ensure our solution integrated into its operations Our services: - PAYROLL OUTSOURCING: Cost effective, class leading payroll processing on a global scale without sacrificing local expertise. - STAFFING OUTSOURCING: Helping organizations manage specialized skill needs, meet peak labor demands, and even outsource non-critical operations. - TRAINING: Training your employees on the regular basic will ensure a constant improvement and better business results - FIELD AUDITING: Ensuring the best placement for your brands and visibility of your POSM elements, stock /shelf gaps, POS display, product & promotional compliance, competitor activity, pricing & benchmarking…
NIC GLOBAL SOURCING JSC
136
+84 28 3824 4988 info@nicvn.com
Dear Clients, Found in 2002, NIC Human Resources Consulting JSC was regarded as the first tier of HR Solutions in Vietnam and has been recognizing as the leading service provider by it experiences & professional services offered to the companies - local, multinational and FDI. Towards to the challenge goal “No.1 HR outsourcing company in Vietnam by 2025” by the tailored-service package and international standardized operation under participation of the prestige and experience foreign-partner come from developed-markets, We establish a new company NIC Global Sourcing JSC to own and hesitate all values of NIC HR, including and no limit about Personnel, Business operation, Effective service- contracts, Equipment & tools, Offices, Intellectual Property and Business agreements. As of 1 August 2018, NIC Global Sourcing JSC (NIC Global) shall official replace NIC HR in continuos operating NIC HR business activities. Please feel free to contact us if you or your company are looking more a …
EMPLOYMENT VIETNAM
214
+84 24 3222 2268 info@employmentvietnam.com
EV Search (formerly known as Employment Vietnam) is a leading expert in professional recruitment consultancy in the APAC region. We aim to constantly improve our expertise through technology and innovation to give our candidates and customers the best experience ever. Our clients range from the largest corporates worldwide to SMEs and start-ups. Your enterprise can rely on us to find the best professionals. Our specialist consultant are happy to partner with our clients and candidates to empower the world of work. Our offered services: 1) Executive Search 2) Volume Recruitment 3) Recruitment Process Outsourcing (RPO) 4) Candidate Mapping 5) Contract Staffing Service 6) Payroll Service For your inquiries, you may email us at info@employmentvietnam or call +84-8-3910 0027 and look for Zeny - Business Development.
NHAN KIET SUPPLYING MAN POWER CO., LTD
10
+84 90 949 67 59 info@nhankiet.vn
With more than 10 years in HR management, on the basis of human resource management, 4/2009, the Nhan Kiet Supplying Manpower Co., LTD was established by Mr. Do Huy Le, provides labour subleasing, temporary workers for manufacturing companies using massive labour, or seasonal demand, newly setup companies need support, and the firms which is building outsourced staffing strategy by switching labor cost from fixed cost to be flexible advantaged operational cost with VAT Invoice. More than 200 supervisory officers and 20,000 operational staffs have been serving under the flags of: Vietel Post, DHL, Lazada, Tiki, LG Electronics, Vinamilk, Kinh Do, Agribank, Shinhan bank, Samsung, Trung Nguyen (coffee), Sabmiller (Beer), Nutifoods, Vifon, Beton6, Fico, Boral, San Miguel Hormel (FMCG), Tiki, Hotdeal, Cholimex, Johnson & Son, BMW, Foster (Electronic), Saigon Stec (Electronic), GS battery, Coats Phong Phu, Spartronics, Vissan… And others companies located oversea: ITATIS, Acumatica. Recruitm…
HR1VIETNAM HOLDINGS - LEADING RECRUITMENT FIRM
459
+84 28 3925 2566 contact@hr1vietnam.com
HR1Vietnam Holdings - Executive Search Firm is the largest and professional Executive Recruitment Agency in Vietnam dedicated to support the hiring needs of multinational and locally owned companies, across the APAC region. HR1 offers a variety of talent acquisition solutions to clients, ranging from contingency based or contingent recruitment, Retained Executive Search and management development consultancy. We maintain strict standards throughout the recruitment process, focusing on quality consulting and a professional approach in order to provide a high quality service experience to our clients and candidates. From our origins as a executive recruiting firm, focused on fast and efficient, value driven placement of top talent in the Vietnam market, we have broadened our service offering to incorporate payroll, training, assessment, outplacement and advisory services. This expansion of services allows us to support you across the entire spectrum of your human capital needs. Contac…
JOGO VIETNAM
10
+84 28 7305 2626 marketing@jogo.vn
JOGO is a software company with mission to make client jobs much easier than ever by providing smart application and excellent services to staffing companies. Our products are designed to provide long-term value and our business plan is tailored to cultivating client relationships for a lasting business partnership. We provide full tools and services to staffing, payroll and recruiting firm. Our goal is to become an extension of your human resource department. Our team can help your firm establish HR & Payroll department, or we can train you how to become an expert company in payroll industry in order to execute payroll for your client. 👉 Reach us at (+84) 28 38385669 👉 Or via email marketing@jogo.vn
GLOBAL HUMAN RESOURCE SOLUTION CO., LTD.
12
+84 28 6297 9256 info@globalhrsolutions.com.vn
Global Human Resource Solution is opened in 2004, has a good reputation for a systematic and hands-on approach to Human Resources Solutions such as: 1. HR Capital consultancy 2. Executive Search and Selection 3. Outsourcing Service 4. Permanent Staffing 5. Payroll Processing 6. Training Management / Specialities / Soft Skills 7. Marketing Research Since our inception, we have steadily grown to become one of the leading HR service providers in Viet Nam. We have an established client base, which extends to over 85 companies within just one year time. We have established a reputation of working with organizations, which have shown continuous growth record due to their strong fundamentals. On requirement of the organizations, we may undertake the job of analyzing the ongoing system of the organization and make a report indicating the area where improvements can be done. Our primary focus is on providing HR Solutions to various business segments. The spirit of Global Human Resource Sol…
HR2B / TALENT RECRUITMENT JSC
145
+84 90 267 77 01 ly.vo@hr2b.com
HR2B helps customers with their Human Resources Management needs in Viet Nam: Search, Payroll and Staffing. Learn at: https://www.hr2b.com (Vietnamese version: https://www.hr2b.com/vi). Our Seach Partner - Kestria We are a proud representative of Kestria, the worlds largest alliance of boutique executive search firms in country. Kestrias reach currently spans 40+ countries and 90+ cities and counting. What sets us apart is our shared entrepreneurial spirit and drive to deliver excellence in executive search. Wherever the location, whatever the industry, we provide you with consistent firstclass service. With globe-spanning connections and local knowledge, you have a single point of contact for your international and local search requirements. We recognise that every search has differing requirements and tailor our approach to fit your needs. Weve successfully completed 40,000+ searches for over 4,000 clients, serving everyone from game-changing start-ups to major global players. 50+ n…
METASOURCE ASIA
13
+84 28 6276 8727 info@metasource.co
Metasource is a specialist market entry and startup service in Vietnam. We find talent, register companies, arrange space and host your staff to ensure your project is started quickly.
INNOVATURE BPO
111
+84 91 870 54 29 info@innovatureinc.com
Established in 2015, Innovature Consulting is a BPO (Business Process Outsourcing) company based in Vietnam, providing business offshore solutions to clients in North America, Canada, UK, Australia, and other APAC areas. We are a multicultural team of Vietnamese and foreign employees that provide not only cost-effective BPO solution but also to help our client address implementation headaches and control turnover issues. At Innovature, we operate in the concept of becoming a part of clients team because we partly sharing their tasks. Our goal is to enable clients to become high-performance businesses and create long-term relationships by helping drive productivity and efficiency.
FOCUS CONSULTING
23
+84 28 3939 0488 contact@focusconsulting.com.vn
Founded in 2010, Focus Consulting Company is one of the best Human Resources Advisory firms in the region. Our business focuses on the best interests of our client. Our teams are recognized for the tangible value they bring to every client interaction. We provide quality services and deliver cost-effective solutions to business problems involving Human Resources, Organizational Structure, Executive Search and Selection, Staff Outsourcing, and Payroll.
NETVIET LTD
96
+84 28 6261 7310 info@netviet.com.vn
NetViet Inc. - Human Resources Services was established since 2000, NetViet is the first local head hunter in Vietnam and now one of top-notch human resources service providers of the country. It services hundreds of clients, most of them are multinationals and large foreign and local corporations. NetViet is always among your first choices when you need human resources services in Vietnam.
MAZARS IN VIETNAM
207
+84 28 3824 1493 (blank)
Mazars established in Vietnam since 1994 to provide professional accounting and business advisory services to foreign and local organisations and hassince grown to become one of the premier mid-tier firms in the country. We currently provide services to a variety of clients from our offices in Hanoi and Ho Chi Minh City. Our clients are both large and small and operate across all commercial, industrial and notfor-profit sectors. We are well known for providing high-quality professional services and having the ability to communicate well in English, French and Vietnamese. As of January 2021 in Vietnam, Mazars is ranked in the Top 10 audit firms and the leading firm for Accounting Outsourcing Service according to the report of VACPA, Ministry of Finance Vietnam. With over 200 staff, our multi-disciplinary team of professionals comprises Chartered Accountants, Certified Public Auditors, Tax Lawyers, Masters in Accounting and Finance, Masters in Business and Administration and Cost Acc…
A8 RESOURCE CO., LTD.
37
+84 28 3910 1060 info@greatcareerlife.com
A8 Resource was established in November 2010 as a Singaporean-owned headhunting and HR consulting firm providing: 1. Executive Search Services: We search for candidates to have a great career and great living with our clients! 2. HR Outsourcing Service: • Payroll Service • Employer of Record (EoR) Service 3. Consultancy Services: Consultancy on solutions for improvement of productivity, quality and enterprise management
Top Payroll Services Companies in Vietnam
Key Statistics from 2022
According to data from the General Statistics Office of Vietnam, the country's gross domestic product (GDP) reached an estimated $365 billion in 2022, representing a 6.8% growth rate compared to the previous year. The payroll services industry has been a significant contributor to this growth, with an estimated market size of $150 million in 2022.
In terms of employment, the payroll services industry has been creating jobs in Vietnam. In 2022, the industry employed an estimated 10,000 people, representing a 10% increase from the previous year. This growth in employment is indicative of the increasing demand for payroll solutions in the country.
Factors Contributing to Growth and Success
Several factors have contributed to the growth and success of the payroll services industry in Vietnam. One of the primary drivers has been the government's initiatives to promote the development of the industry. The government has implemented policies to streamline payroll processes, including the use of electronic tax filing and the introduction of digital payroll solutions.
Another factor has been the growing number of companies in need of payroll solutions. As more companies are entering the Vietnamese market, the demand for payroll services has increased, providing opportunities for new players to enter the market.
Industry Growth and Comparison to Previous Years
The payroll services industry in Vietnam has experienced steady growth in recent years. According to data from the Ministry of Planning and Investment, the industry grew by an estimated 12% in 2021, and this growth is expected to continue in 2022. The growth rate in 2022 is expected to exceed the previous year's growth rate of 10%.
Key Trends
The payroll services industry in Vietnam is experiencing several key trends that are shaping its future. One of the most significant trends is the adoption of digital payroll solutions. As companies are increasingly looking for ways to streamline their payroll processes, digital payroll solutions are becoming more popular. These solutions can help companies save time, reduce errors, and improve compliance with government regulations.
Another trend is the increasing demand for value-added services, such as tax consulting and human resources consulting. As the payroll services industry becomes more competitive, companies are looking for ways to differentiate themselves by offering additional services to their clients.
Challenges
Despite the positive outlook for the payroll services industry in Vietnam, there are several challenges that companies will need to address. One of the most significant challenges is the shortage of skilled workers. As the demand for payroll solutions continues to grow, there is a need for skilled workers to develop and implement these solutions. This challenge can be addressed by investing in education and training programs to develop a skilled workforce.
Another challenge is the competition from established players in the market. As the payroll services industry becomes more competitive, new companies will need to develop innovative solutions and business models to compete with established players.
Future Outlook
The payroll services industry in Vietnam presents exciting opportunities for growth and innovation, driven by the government's focus on promoting the development of the industry and a growing number of companies in need of payroll solutions. To capitalize on the opportunities presented by the growing demand for payroll solutions, companies will need to invest in technology and innovation and address challenges such as the shortage of skilled workers and competition from established players.
Looking ahead, the future outlook for the payroll services industry in Vietnam is positive. With the increasing demand for payroll solutions in the country and the government's commitment to promoting the development of the industry, the sector is expected to continue to grow at a rapid pace. The adoption of digital payroll solutions is expected to increase, along with the demand for value-added services such as tax consulting and human resources consulting. Additionally, the industry is expected to become more competitive, with new companies entering the market and established players expanding their offerings.
To stay competitive and meet the evolving needs of their clients, companies in the payroll services industry will need to invest in technology and innovation. This includes developing and implementing new solutions that are efficient, accurate, and compliant with government regulations. Companies will also need to focus on building a skilled workforce, developing education and training programs to help meet the shortage of skilled workers.
Conclusion
In conclusion, the payroll services industry in Vietnam is a rapidly growing market, driven by the government's initiatives, a favorable business environment, and a growing demand for payroll solutions. The industry is experiencing steady growth, with a focus on digital solutions, value-added services, and innovation. However, companies will need to address challenges such as the shortage of skilled workers and competition from established players. With the government's continued commitment to promoting the development of the industry and the increasing demand for payroll solutions, the future outlook for the payroll services industry in Vietnam is positive, presenting opportunities for growth and innovation.