August 01, 2016
Disclaimer: The opinions expressed herein are that of First Alliances and not of VietnamAdvisors.
Welcome to First Alliances’ Salary Guide 2016, a handy reference which provides an insight to various positions across 12 specializations & industries in Vietnam, including Accounting, Banking & Financial Services, communications & Media, Construction & Real Estate, Consumer Goods, Healthcare, Hospitality, HR & Admin, Industrial, IT & Telecommunications, Supply Chain, and Japanese speaking positions.
This guide has been compiled using data from actual salary of our talent database comprising of more than 110,000 candidates and job listings from over 650 employers, both local and foreign of all sizes in Vietnam.
Vietnam achieved a GDP growth of 6.68% in 2015, its strongest in 7 years. The forecasted GDP growth is 6.7% for 2016 and 6.5% for 2017. In the first quarter of 2016, more than 322,000 jobs were created, 21.5% increase over the same period in 2015. Vietnam’s strong economic growth and rising influx of foreign investments are all contributing to an even more acute shortage of talents in almost all job functions and across all industries. Consequently, employers across all industries are facing the rising challenge of attracting and retaining talents.
Vietnam experienced a record low inflation rate of 0.63% in 2015, but inflation is expected to rise above 5% in 2016. The average salary increase across all industries was over 9.5% in 2015 and is expected to exceed 10.2% in 2016.
We hope this salary guide provides a useful tool to both job seekers seeking new employment opportunities and employers seeking to update their remuneration strategy to ensure they remain competitive in attracting and retaining talents. We are on hand to provide our clients with more specific data and insights for their specific industries as well as to support them in developing recruiting strategies to meet their talent needs. We also help job seekers in their next career move with updated salary range and positions.
BANKING & FINANCIAL SERVICES
INSURANCE | LIFE INSURANCE
INSURANCE | NON- LIFE INSURANCE
COMMUNICATIONS & MEDIA
CONSTRUCTION & REAL ESTATE
REAL ESTATE DEVELOPMENT
REAL ESTATE SERVICES
SALES | MARKETING
TOBACCO & ALCOHOL
LUXURY & COSMETICS
PHARMACEUTICAL & MEDICAL NUTRITION
MEDICAL DEVICE | HOSPITAL | CLINIC
F&B CHAINS & FRANCHISES
HUMAN RESOURCES & ADMIN
HR & ADMIN
IT & TELECOM
GENERAL AFFAIRS POSITIONS
NATIVE JAPANESE POSITIONS