Vietnamese fresh grad income one-sixth of Singaporean peer
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A newly-graduated college student in Vietnam makes one-sixth the income of his Singaporean counterpart, a report says. The minimum base salary of an entry-level position in Vietnam for the first six months last year was $250 a month, according to job advertising company JobStreet, which operates in five countries in Southeast Asia.
The corresponding figure was $493 in Malaysia, $605 in Thailand and $1,481 in Singapore.
Among the five countries surveyed, Vietnam’s minimum entry-level salary was only higher than that of Indonesia, which was $225.
The report found that an entry-level worker was able to earn the most in the real estate industry, with a minimum salary base of $378.
Information technology and secretary positions followed at $296 and $286 respectively.
Fresh graduates who work in food technology and sales earned $280 a month.
The minimum salary base for four employment levels in Vietnam showed increases from the full salary data of 2017.
Entry-level salary increased by 11 percent, that of junior executive (with 1-3 years of experience), up 6 percent, manager, up 7 percent, and senior manager, up 30 percent.
The report said that for non-managerial positions, Malaysian employers offered higher salaries than Vietnam.
But for manager position and above, the Vietnamese market showed greater increments due to high demand, reducing the gap with Malaysia, compared to 2017.
Although Vietnamese labor productivity increased across the economy in 2018, 48 percent of employers said they faced difficulties in recruiting qualified skill candidates.
The report used data from 40,000 job advertisements in 50 industries.
Questions & Answers
Q.Which country had the lowest minimum entry-level salary among those surveyed?
Which country had the lowest minimum entry-level salary among those surveyed?
Indonesia had the lowest minimum entry-level salary among the surveyed countries, at $225 per month.
Q.What were the highest-paying industries for entry-level workers in Vietnam?
What were the highest-paying industries for entry-level workers in Vietnam?
Entry-level workers in Vietnam could earn the most in real estate ($378), followed by information technology ($296) and secretary positions ($286).
Q.How did salary increases for different employment levels in Vietnam compare to 2017?
How did salary increases for different employment levels in Vietnam compare to 2017?
Entry-level salaries increased by 11%, junior executive by 6%, manager by 7%, and senior manager by 30% compared to 2017.
Q.What recruitment challenges did Vietnamese employers face in 2018?
What recruitment challenges did Vietnamese employers face in 2018?
Despite increased labor productivity, 48% of employers reported difficulties in recruiting qualified candidates in 2018.