Foreigners in Vietnam paid up to $34,000 a month: report
Thursday, April 28, 2022, 17:43 GMT+7
Enterprises in Vietnam paid their foreign employees handsomely, at US$8,500-34,000, equivalent to VND200-800 million, per month, according to a recently released report.
The figures were disclosed in Navigos Group’s report issued on Wednesday on the recruitment demand for middle and senior personnel in Vietnam in the first quarter of this year and forecasts for the second quarter.
The group found that enterprises operating in Vietnam offered high salaries to foreign candidates in the previous quarter.
Many foreign firms have come to Vietnam to survey and seek investment opportunities to diversify their production areas, reduce business risks, and solidify supply chains after March 15, according to Navigos.
Investors assessed that Vietnam has a promising labor market with high-skilled, low-cost workers.
As for the apparel sector, candidates from other Asian countries, such as Sri Lanka, India, and Pakistan, were interested in working in Vietnam because of competitive salaries.
According to Navigos, it is still hard to seek candidates for positions that require sophisticated techniques such as model development, sewing, reform and quality control although companies have striven to retain employees with competitive salary and bonus policies.
When failing to recruit Vietnamese candidates, some companies have sought foreign applicants for these positions.
Therefore, experience working in Vietnam is a plus for foreign candidates, said the manpower service provider.
Regarding the tourism industry, businesses and hotels have a higher demand for candidates for senior leadership positions as the sector is recovering from COVID-19.
Meanwhile, the fast-moving consumer goods (FMCG) sector is increasingly searching for personnel, giving rise to fierce competition for candidates.
As jobseekers in this sector are dynamic and highly adaptable, not only enterprises but also outsiders have looked for them.
Furthermore, the shift of production lines or factories from China to Vietnam has resulted in new projects in the auto industry in Vietnam.
Navigos Group’s survey revealed the severe shortage of senior personnel or experts in the electric car battery industry as multiple businesses are investing in new plants or expanding their factories worldwide.
In finance, banks have a high demand for recruiting personnel for positions relating to technology, data, and consultancy of high-end products.
As lenders are focusing on digital transformation and automation, they are in need of staff for IT, data, and solution architecture.
According to the Ministry of Labor, War Invalids, and Social Affairs,
As of April last year, some 101,550 foreigners were working in Vietnam, with nearly 12 percent of them holding managerial posts, over eight percent employed as executive directors, and 58 percent being experts.
Foreigners working in Vietnam were from 110 countries and territories but a majority came from China, South Korea, Japan, and Taiwan.
Manufacturing firms enhance recruitment
In the manufacturing sector, the demand for human resources fluent in Chinese is increasing.
The trend began in late 2021, remained steady as of the end of last quarter, and was forecast to continue growing in the coming periods.
Developed industrial parks and localities with developed electronics manufacturing are often in dire need of personnel fluent in Chinese.
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