As international companies continue to diversify their operations across Asia, Vietnam has emerged as one of the region’s fastest-growing relocation destinations. Known for its dynamic workforce, increasing integration into global supply chains, and investor-friendly climate, Vietnam is quickly becoming a strategic hub for businesses and expatriate professionals alike.
Understanding what is driving this momentum – and what it means for relocating employees – is essential for organizations planning international assignments.
Vietnam on the Rise: Sectors Fueling Relocation
Vietnam has seen remarkable economic growth in recent years, positioning itself as a competitive alternative to larger markets in the region. Foreign direct investment (FDI) remains robust, with key sectors including manufacturing, technology, logistics, and renewable energy fueling demand for international talent.
Multinational corporations are increasingly shifting operations to Vietnam to leverage lower labor costs, strategic geographic location, and improving infrastructure. Companies such as Apple, Samsung, Intel, and Foxconn have expanded their manufacturing footprints in Vietnam, either by establishing new plants or relocating parts of their supply chain from China. The semiconductor and consumer electronics industries, in particular, are drawing skilled professionals from across the globe to support these transitions.
Meanwhile, the financial services and tech startup scenes are gaining momentum in Ho Chi Minh City and Hanoi, attracting digital nomads, regional executives, and expats from neighboring countries. International schools and improved healthcare options have also made relocation more attractive for families.
Practical Considerations for Relocating to Vietnam
Relocating talent to Vietnam involves unique legal and cultural considerations. While the business environment is increasingly open to foreign professionals, Vietnam’s immigration and labor laws remain tightly regulated.
Visa and Work Permit Landscape
Foreign employees typically require both a work permit and a temporary residence card (TRC). The work permit process can be complex, requiring careful planning. Documentation must be notarized and, in some cases, legalized in the employee’s home country. Employers must also demonstrate that the role cannot be filled locally, which can add lead time to the process. Early engagement with local immigration advisors is strongly recommended.
Do’s and Don’ts for Successful Relocation
Ensure that job titles and descriptions in the permit application match employment contracts and internal HR records. Inconsistencies can delay or derail approval. Do not underestimate the timeline! Some applications can be processed in a matter of weeks, others may take several months, particularly if document authentication is required.
Relocating with Family
When relocating employees with family members, it is important to plan for dependent visas, which are typically tied to the main work visa. Education is a major consideration for relocating families. While Vietnam has reputable international schools, space can be limited, especially in Ho Chi Minh City, so early enrollment is critical. Healthcare access for dependents should also be verified through global insurance providers or local clinics that meet international standards.
Trends in Lifestyle and Housing
Housing preferences among expats vary, with many favoring serviced apartments or gated communities in major cities. Urban infrastructure is improving rapidly, but traffic congestion and limited public transport remain challenges. That said, many expats find the lifestyle vibrant, affordable, and culturally enriching, especially with the growing number of expat communities, restaurants, and cultural hubs in cities like Hanoi and Da Nang.
Looking Ahead
Vietnam’s upward mobility trend shows no signs of slowing. For global employers, this means fresh opportunities – and challenges – when it comes to moving top talent. By staying informed on regulatory requirements and cultural nuances, companies can ensure a smooth transition for their teams and support long-term success in the Vietnamese market.
How Movenet Can Assist
At Movenet, we provide comprehensive relocation and global mobility services designed to support both employees and employers throughout the transition process. From navigating complex immigration procedures and managing household goods shipments, to local orientation, family integration, and language and cultural training, we ensure a seamless relocation experience.
Whether you are moving talent to Vietnam or anywhere else in the world, our expert team is here to provide tailored guidance every step of the way.
