Maximum Wage Limit for Indonesia Pension Insurance Contributions Raised
Indonesia’s BPJS Ketenagakerjaan announced on March 1, 2025 an adjustment to the maximum wage limit for the Indonesia Pension Insurance Program or the Jaminan Pensiun (JP), increasing the ceiling by 5.03% to Rp. 10,547,400 per month. The change, effective immediately, is based on Indonesia’s 2024 Gross Domestic Product (GDP) growth rate, as required under Government […]
Indonesia Payroll Guide: Compliance and Best Practices
Managing Indonesia payroll requires a comprehensive understanding of labor laws, taxation policies, and social security obligations. The controversial Job Creation Law (Omnibus Law) of 2020 has also introduced significant changes to the employment landscape, affecting wage structures, termination policies, and social security programs. Businesses operating in Indonesia must ensure compliance with evolving regulations to avoid […]
Hightekers Acquires Eos Group to Create a Global Leader in Employer of Record (EOR) Services
London / Hong Kong – 8th April 2025 — Hightekers, a leading provider of Employer of Record (EOR) and HR outsourcing solutions, today announced the acquisition of Eos, a major EOR player with over 15 years of presence and deep operational expertise across key Asian markets. The acquisition marks a pivotal milestone in Hightekers’ global […]
Vietnam’s Food & Beverage Industry: Growth, Trends, and Future Outlook
The Vietnam F&B (food and beverage) industry has exhibited notable resilience and growth, positioning itself as a dynamic sector within the Southeast Asian market. In 2023, the industry achieved revenues exceeding US$23.6 billion, marking an 11.5% increase from the previous year. The dining segment alone contributed approximately US$21.6 billion, reflecting a 10.9% rise. This growth […]
Vietnamese Coffee and Its Rich History, Growing Popularity, and Promising Future
Vietnamese coffee is a rich blend of history, culture, and innovation that has captured the attention of coffee lovers around the world. Introduced by French colonists in the 19th century, coffee quickly became an integral part of Vietnam’s agricultural and cultural landscape. Over time, the country developed its own distinct coffee traditions, from the strong, […]
Managing Human Capital Risks: A Guide
Human capital, encompassing the skills, knowledge, and experience of employees, is one of the most valuable assets an organization can possess. However, with this value comes significant risk. From talent shortages and high turnover to compliance pitfalls and disengaged teams, human capital risks can disrupt operations, inflate costs, and damage a company’s reputation. Proactively identifying […]
The Vietnam Construction Industry: Growth, Key Projects, and Future Prospects
The Vietnam construction industry has undergone significant growth and transformation in recent years, positioning itself as a key driver of the country’s economic development. In 2024, the industry achieved an impressive growth rate of approximately 7.8% to 8.2%, the highest since 2020. This remarkable performance highlights the sector’s resilience and its pivotal role in Vietnam’s […]
Business Growth Strategies: Build, Borrow, or Buy?
Growth is the cornerstone of any successful business, but how a company expands can make all the difference in its long-term sustainability. Business leaders must choose from three primary business growth strategies: build, borrow, or buy. Each approach has its advantages and drawbacks, making it critical to select the right one based on the company’s […]
Vietnam Payroll Guide: Compliance, Compensation, and Employer Responsibilities
Vietnam’s economic growth and skilled workforce make it an attractive destination for international businesses. However, understanding payroll regulations is essential for compliance and smooth operations. This guide covers key aspects of Vietnam payroll, including legal requirements, salary structures, contributions, and payroll processing. 1. Location and Economic Landscape Vietnam is strategically located in Southeast Asia, bordered […]
Tourism in Vietnam: A Rising Powerhouse in Southeast Asia
Looking into tourism in Vietnam, we see that the industry demonstrated remarkable resilience and growth in recent years, solidifying its position as a premier destination in Southeast Asia. In 2024, the country welcomed approximately 17.5 million international visitors, a significant increase from 12.6 million in 2023, reaching 98% of pre-pandemic levels. This surge underscores Vietnam’s […]
