May 14, 2019

TMF Group acquires NVM Group’s payroll portfolio in Vietnam

Vietnam, 30 April 2019 – TMF Group, a leading provider of high value business services to clients operating and investing globally, has completed the acquisition of NVM Group’s payroll portfolio in Vietnam. NVM Group is an award-winning HR and Payroll firm in Vietnam.

NVM Group was set up in 2003 to provide tailored HR administration and payroll services to small and medium sized companies in Vietnam. The team of 12 professionals specializing in HR and Payroll has earned a reputation for excellent service delivery in the local market.

“As a professional business service provider, TMF Group has a global footprint to help clients in cross border business expansion,” Huynh Minh Quan, President and CEO of NVM Group, said. “This acquisition marks an exciting milestone for our HR business and our expansion of business to other countries in the region. NVM Group’s expertise in HR and Payroll further enhances TMF Group’s offer in the sector where TMF Group has significant experience, which will help us continue to grow and better serve our customers in Vietnam.”

Paolo Tavolato, Head of Asia Pacific at TMF Group, said: “Vietnam is one of the fastest growing HR and Payroll markets in South East Asia. With the acquisition of NVM’s payroll portfolio, TMF Group is now one of the largest payroll service providers in Vietnam. NVM Group is highly complementary to TMF Group’s existing operations in Vietnam. NVM Group will enhance TMF Group’s ability to serve Vietnam based SMEs, and their clients will also benefit from the broader accounting, payroll and tax compliance expertise of TMF Group.”

More News

See all

March 23, 2023

[CORPORATE] Earn double Miles when you fly with Air France or KLM

Read more

March 20, 2023

EuroCham’s Highlights in 2022

Read more

March 20, 2023

[AGM 2023] Meet EuroCham’s 2023 Board of Directors

Read more

March 05, 2023

EuroCham Shared Our Views on Boosting Vietnam’s Business and Tourism on VTV4

Read more

March 02, 2023

Vietnam Business Forum (VBF) 2023 Scheduled for March 17, 19 – Register Now!

Read more

March 02, 2023

Food, Agri and Aqua Business Sector Committee (FAABS) Elected its 2023 Board

Read more

February 27, 2023

[CORPORATE]Vietjet opens new flight routes Ho Chi Minh City – Sydney; Ho Chi Minh City – Melbourne only 0VND

Read more

February 23, 2023

EuroCham and HAWA Sign MOU at HawaExpo 2023 to Boost Industry Cooperation and Trade Activities

Read more

February 22, 2023

[Work @ EuroCham] Sector Committee Coordinator

Read more

February 22, 2023

EuroCham Spoke at a Meeting Between HCMC’s Leaders and Foreign Business Associations

Read more

February 21, 2023

[CORPORATE] Discover the EIS Educational Village – Open Day 25th March 2023

Read more

February 21, 2023

[CORPORATE] EMS Vietnam – Vietnam Post’s High quality International Express Service

Read more

February 21, 2023

EuroCham Vietnam and DOLISA Met to Discuss Work Permit Process Difficulties in HCMC

Read more

February 20, 2023

Vice-Chair Claudia Anselmi Shared Perspectives at Human Rights Due Diligence (HRDD) Forum

Read more

February 13, 2023

[Work @ EuroCham] Head of Office Hanoi cum External Relations Manager

Read more

February 09, 2023

EuroCham Will Unveil Our 2022/2023 Whitebook and GEFE 2022 Report on Feb. 16

Read more

February 06, 2023

Chairman Alain Cany Sat Down for an Interview with Forbes Vietnam

Read more

January 30, 2023

Deutsches Haus Ho Chi Minh City Ushered in the New Year with a Lion Dance

Read more

January 19, 2023

The European Business Organization Worldwide Network’s (EBO WWN) Southeast Asian Network Kicked Off Its First Meeting of 2023

Read more

January 16, 2023

Q4 2022 Business Climate Index Results Released

Read more

October 05, 2022

EuroCham’s GEFE 2022 Press Conference in Hanoi

Read more

September 20, 2022

EuroCham Met with Prime Minister Pham Minh Chinh three times last week

Read more

August 24, 2022

EuroCham and its Nine Affiliated European BAs Held the “GEFE and You – How You Can Get Involved” Webinar

Read more

August 17, 2022

Restricted content

Read more

August 11, 2022

[Corporate] EMS International Services to Japan, Korea, Taiwan with extremely preferential rates in July and August 2022

Read more

August 05, 2022

EuroCham attended program on “Connecting the suppliers in the Mekong Delta of Vietnam with distributors, exporting businesses and trade promotion organizations”

Read more

August 01, 2022

EuroCham attended the Workshop "Evaluation Framework for Business regulation reforms and Data Analysis solutions"

Read more

July 28, 2022

[Corporate] BASF Q2 2022: BASF again with strong earnings despite continued high prices for raw materials and energy

Read more

July 08, 2022

Digital Sector Committee – Newsletter Issue No.3 / 2022

Read more

July 01, 2022

[BCI Q2 2022] European Business Stakeholders’ Confidence in Vietnam’s Business Environment Declined Slightly Following Global Economic Uncertainty

Read more

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Platinum Partners

Gold Premium Partners

Gold Partners

Silver Partners

Premium Service Partners