Foreign workers in Vietnam are paid 200-800 million VND/month
A recent report of Navigos Search said that in the first quarter of 2022, foreign candidates were paid very high salaries by businesses operating in Vietnam. The salary that the candidates receive ranges from about 8,500 USD/month – 34,000 USD/month, equivalent to nearly 200 million VND/month – nearly 800 million VND/month.
According to this unit, there is currently a shortage of Vietnamese candidates for jobs that require deep expertise. Right after March 15, 2022, when Vietnam reopened international routes and exempted visas for many countries, there were a lot of flights from foreign companies to Vietnam to conduct surveys, Learn about investing in Vietnam. According to shares from investors, Vietnam is still an interesting destination in ASEAN and Asia where they can diversify production areas, reduce risks, and strengthen supply chains. In addition, Vietnam is also a potential labor market where they value a workforce with good skills, quick learning with reasonable labor costs.
Meanwhile, with garment industrycandidates from other Asian countries such as Sri Lanka, India, Pakistan… are quite interested in working opportunities in Vietnam, where they can receive competitive salary opportunities and help them get more experience working abroad.
Also in the garment industry, technical positions such as pattern development, sewing techniques, innovation, quality control, etc. are still the most difficult positions to find candidates. Companies make great efforts to retain employees, especially in these positions, with competitive salary and bonus policies and create favorable conditions for them to work. In the event that Vietnamese candidates cannot be found, some companies expand the search for foreign candidates for these positions. Foreign candidates who have working experience in Vietnam and understand Vietnamese culture and people are also an advantage to help them be recruited in this field.
With garment industry, is having a number of new investment projects stemming from the chain shift or factory relocation from China to Vietnam. Observations by Navigos Search show that there is a shortage of senior personnel or experts in the electric car battery industry because this is an industry that is being invested and expanded by businesses around the world.
Tourism, the hotel also started recruiting for the senior management positions of General Director, General Manager, Heads of Departments in hotels and resorts, which are foreign candidates. With the recovery of hotel and resort projects, the demand for senior personnel in the construction and operation sectors will also thrive. It is forecast that the demand to recruit foreigners for management positions will arise more in this segment.
Bank, With the orientation of digital transformation, there continues to be a high demand for recruitment for positions related to technology, data and consulting for high-end banking products.
Meanwhile, the high recruitment demand leads to fierce competition for candidates in the FMCG industry. As observed by Navigos Search, businesses in this segment are very positive about business prospects in Vietnam. Many businesses are waiting for approval to invest in Vietnam, opening up many business opportunities and they think their business may be even better than before the Covid epidemic. There have appeared many medium-sized enterprises that have started their production and business activities. These companies are headquartered in Ho Chi Minh City and factories are located in neighboring provinces such as Dong Nai, Binh Duong, Long An, Vung Tau…
Due to the demanding characteristics of the industry, candidates in the FMCG sector are very dynamic, creative, and quick to adapt, so not only businesses in the industry, but also businesses outside this industry are “hunted”. and invite candidates to work.
Currently, businesses in this segment are in high demand in recruiting experienced candidates in the field of e-commerce and digital, but human resources cannot meet much due to the development of the commercial segment. The electronics industry hasn’t been around for a long time and the candidates have not had enough seniority to work in the industry, so the supply of candidates is not abundant. Besides, the situation of “brain drain” continues to occur because candidates in this industry change jobs frequently, leading to a fiercer competition for talent in this industry.
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