Expats’ salaries topped $34,000 a month in Q1
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The monthly incomes of foreign experts ranged between US$8,500 and $34,000 last quarter, according to a recent report by recruitment firm Navigos Search.
The report said enterprises operating in Vietnam “pay very high salaries” to attract foreign candidates.
Navigos Search said some sectors like a garment, tourism, and hospitality have a high demand for foreign personnel due to a shortage of local expertise.
The garment industry, for instance, lacks Vietnamese talent for jobs requiring high levels of expertise like pattern development, innovation and quality control, while candidates from Sri Lanka, India, and Pakistan are interested to work in Vietnam due to competitive salaries and opportunities to work abroad.
The resumption of international flights last month has fast-tracked the recovery of the tourism and hospitality sectors, driving demand for senior managers, Navigos Search added.
The previously reported highest salaries in Vietnam were VND400-600 million ($17,520-26,275) paid to HCMC-based general managers in the healthcare sector with more than five years’ experience, according to headhunting agency Adecco Vietnam.
HCMC ranked sixth among top cities for expats to live and work last year in a survey by InterNations, with 75 percent of respondents saying their income was more than enough to cover expenses, and 77 percent satisfied with their financial situation.
Questions & Answers
Q.Which specific industries are experiencing a high demand for foreign workers in Vietnam?
Which specific industries are experiencing a high demand for foreign workers in Vietnam?
The garment, tourism, and hospitality sectors have a high demand for foreign personnel. This is due to a shortage of local expertise in areas such as pattern development, innovation, and quality control, and for senior management roles.
Q.What is attracting candidates from countries like Sri Lanka, India, and Pakistan to work in Vietnam?
What is attracting candidates from countries like Sri Lanka, India, and Pakistan to work in Vietnam?
Candidates from these countries are interested in working in Vietnam due to competitive salaries offered. The opportunity to work abroad is also a significant draw for these foreign professionals.
Q.How do expats in Ho Chi Minh City generally feel about their financial situation?
How do expats in Ho Chi Minh City generally feel about their financial situation?
According to a survey, 75 percent of expat respondents in Ho Chi Minh City stated their income was more than enough to cover expenses. Also, 77 percent were satisfied with their overall financial situation.
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