Vietnam continues to strengthen its position as one of Southeast Asia’s fastest-growing talent hubs. As of 2024, the country’s workforce reached 53 million people, with a labor participation rate of 68.9%, among the highest in the region.
In 2025, Vietnam’s economic momentum and digital transformation are fueling demand for skilled professionals in technology, finance, and professional services. Hiring demand in these sectors has surged by 30% year-on-year, led by roles in AI, data analytics, cloud computing, and cybersecurity.
At the same time, the hiring landscape is becoming more selective: only 23.4% of employers plan to hire fresh graduates in 2025, as companies focus on experienced talent capable of driving digital growth.
For Singaporean and regional companies, Vietnam offers the rare combination of affordable labor costs, a skilled workforce, and strategic location—making it ideal for regional expansion.
However, navigating Vietnam’s employment laws and compliance requirements can be challenging. Cake Vietnam’s Employer of Record (EOR) service helps businesses hire quickly and compliantly—without establishing a local entity. From payroll and tax filings to labor-law compliance, Cake ensures seamless workforce management.
Discover how Cake Vietnam’s EOR solution can help your business scale confidently and compliantly across borders HERE.
