Paying Wages in USD: Is It Allowed?

View Post in Vietnamese: >> Trả lương bằng tiền đô có được không?

My company is an American study abroad consulting firm. We would like to know if it is permissible for us to pay employees in foreign currency, specifically in US dollars, for convenience given the frequent travel of our employees to the United States.

According to Article 95 of the 2019 Labor Code regarding salary payment, specifically:

- Employers pay salaries to employees based on the agreed salary, labor productivity, and work performance quality.

- Salaries stated in the labor contract and paid to employees are in Vietnamese Dong. In the case of foreign employees working in Vietnam, the salary may be in foreign currency.

...

Therefore, if your company's personnel are foreign employees working in Vietnam, the company may pay in US dollars. Otherwise, the company is required to pay salaries to employees in Vietnamese Dong.

Sincerely!

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

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