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Salary Guide 2020
Download Vietnam Employment Outlook 2020
The Michael Page Employment Outlook is our annual guide developed as a reference for hiring managers and job seekers to make informed employment decisions in Vietnam. The guide emcompasses various job functions across different sectors, including Finance & Accounting, Technology, as well as Sales and Marketing. Leveraging data from Michael Page’s proprietary data and network, studies and observations, the guide provides precious insights to hiring trends and market sentiments in the Asia-Pacific region.
Furthermore, an additional section, titled “What is the Vietnam workforce thinking”, will delve into the specifics of what Millennials and Generation X are thinking with regard to work, including topics like:
Average salary increase when changing jobs*
|Digital||10 - 15|
|Engineering & Manufacturing||5 - 15|
|Finance & Accounting||10 - 15|
|Financial Services||10 - 20|
|Healthcare & Life Sciences||12 - 18|
|Human Resources||8 - 12|
|Legal||10 - 20|
|Procurement & Supply Chain||8 - 18|
|Sales & Marketing||6|
|Technology||12 - 20|
* Data is derived from July 2018 to June 2019, and is validated against insights from our leaders’ and consultants’ interactions with clients and candidates.
How can the report benefit you?
- Understand factors that attract and retain talent
- Project reasonable talent cost based on hiring forecast
- Discover top reasons for resignation
- Find out potential roles to upskill for
- Cite informed salary expectations when switching jobs
- Discover trending skills for your job function
Vietnam Employment Outlook 2020: Vietnam catches a wave for growth and hiring
As we launch into a new decade, nobody can deny that globally there are some economic dark clouds on the horizon. But sitting in Vietnam, a nation that has always overcome the odds, there remains so many great reasons for optimism.
The first point is how far we’ve come in recent times. Over the past decade alone, Vietnam’s 10-year average annual GDP growth has been 5.4%; and the World Bank predicts that real GDP growth in 2020 and 2021 will remain and sit at a very healthy 6.5%. With inflation low, social security high and the middle class growing rapidly, Vietnam’s 94.6 million-strong nation looks set for another exciting decade ahead.
Over the past year, more investors are seeing the nation as a sound bet: as indicated by foreign direct investment inflows, which reached almost US$18 billion in 2018, almost 24% of total investment in the economy.
In Michael Page Vietnam’s growing market segments in particular, we continue to see a race for market-ready talent, particularly those with a strong track-record, who are looking to move their careers forward across some of our hotter disciplines including Digital, Property, Fintech, Manufacturing and FMCG. Likewise, the continued movement of the technology, software, gaming and mobile segments, makes for a buoyant conversation around the start-up market, and makes Technology in general an exciting space.
These fast-moving sectors combined with the geographic and demographic advantages Vietnam enjoys, make it an interesting time for offshore Vietnamese too. My team and I are eager to continue to provide a bridge to those looking at opportunities to experience this exciting market first-hand.