In today’s Southeast Asia landscape, companies are closely evaluating where to expand operations—not just for talent, but for cost-effectiveness. Among the options, Vietnam stands out.
Reports show Vietnam’s average operating costs sit among the lowest in Asia. One study found Vietnam ranked second lowest among 9 Asian countries for overall operating expenses.
Furthermore, manufacturing wages average around US$250-350 per month in Vietnam—substantially lower than China’s average of US$770 in 2023.
These figures make Vietnam a compelling alternative for regional headquarters, offshore service teams, or remote hiring hubs. Add to this its young, educated workforce and improving digital infrastructure, and the financial levers of expansion become even more favorable.
For Singapore-based startups and regional firms aiming to grow into Vietnam, the key barrier has often been setup complexity and legal entity costs.
That’s where the EOR (Employer of Record) model changes the game. By partnering with Cake’s EOR service, you can hire talent in Vietnam quickly, compliantly, and without the need to establish your own local entity.
Ready to explore Vietnam’s cost-effective expansion potential? Learn how Cake’s EOR solution simplifies hiring, compliance, and operations—so you can focus on growth, not overhead.
