In 2017, we witness a continuous surge in the Vietnam’s economy with exports raising, resulting in trade surplus. Retail sales also saw a doubledigit raise with the growth in private sector credit, which encouraged greater private consumption. Year-on-year, FDI rose by more than 10% from January to October period. With the passing of the 2018 socio-economic development plan, it aims to achieve an annual growth of 6.5 – 6.7% by increasing exports and investment. This should seek to maintain economic stability and expansion at a steady and strong pace into 2018. It is forecast that economy will expand to 6.4% in 2018.

It is recorded that the unemployment rate in Vietnam decreased to 2.09% in the first quarter of 2017 but rose back to 2.3% by the last quarter. This is still low compared to other Southeast Asia regions, whose unemployment is average between 0.2 – 6.3%. Vietnam is expected to show steady economic growth, and with the government’s commitment to reform, the country is moving towards promoting skills development, particularly in modern industry and innovation, improving market institutions, and further infrastructure development. All these progress signal optimistic employment outlook and job opportunities. With these exciting developments, we certainly look forward to continue being a valuable partner in helping our clients to achieve their business goals. We hope the data in this Salary Guide will serve as beneficial information to help you develop more strategic recruitment and retention plan for your potential talents and performing workers.

Download VIETNAM 2018 SALARY GUIDE