Recruitment Strategy is Transforming
A Must-See Salary Handbook for Employers and Candidates Interested in Vietnam’s Labor Market
Vietnam, a thriving hub for FDI businesses, offers a unique blend of favorable conditions and a vibrant young workforce. The labor market boasts 52.3 million employed individuals, with 27.3% holding degrees or certificates (GSO). In the first nine months of 2023, average salaries rose by 7.6%, reaching 7 million Vietnamese dong per month. The regional minimum wage saw a 6% increase in the second half of 2023, signaling a positive shift since 2020. To navigate these changes and support businesses entering Vietnam, especially newcomers, we proudly present the ManpowerGroup Vietnam Salary Guide 2024.
Key Insights from Vietnam Salary Guide 2024
Stable salary in most industries.
Banking & Financial Services and Digital, Media & Technology retain their status as the highest-paying sectors.
Green jobs are on the rise.
Business leaders are putting a greater focus on employee wellbeing.
Who Will Benefit from the Vietnam Salary Guide 2024?
ManpowerGroup Vietnam Salary Guide 2024 is designed for both local companies and foreign-invested enterprises in Vietnam that are seeking manpower insights into the dynamic landscape of the Vietnamese market today. More importantly, it serves as a reference for any employer to develop an effective recruitment strategy, salary, and expense forecast for 2024 in Vietnam.
Why ManpowerGroup Vietnam?
ManpowerGroup is the leading global recruitment, staffing, and outsourcing company in Vietnam, operating in the country since 2008. We are the first 100% foreign-invested company licensed to provide recruitment, staffing, and outsourcing services by the Ministry of Labor, Invalids and Social Affairs (MOLISA) since our first footprint in Vietnam.
With over 16 years of HR knowledge in Vietnam, we bring unparalleled expertise to the table. Our Salary Guide 2024 serves as a beacon for candidates, employers, and organizations planning to navigate Vietnam's dynamic market. Covering 10 industries, skill sets, and various job levels, this guide provides a nuanced understanding of salary ranges grounded on real data and our projections.
Fill out the form below to download our Salary Guide 2024 now and make informed decisions in Vietnam's evolving job market:
Disclaimer
The figures in our guide are based on data collected nationwide and are predictions for the year ahead.
Salaries are gross monthly wages in US dollars (USD).
Factors influencing salaries include location, skills, work experience, education, company size, benefits packages, and market conditions.
For any usage of the information in this report, please cite the source in full: "ManpowerGroup Vietnam Salary Guide 2024."