VNF - Vietnam is becoming a promising land for foreign experts as their average income in Vietnam is USD 88,096 per year and, 36% of them have income up 25% up since moving here.

Besides wages, foreign experts working in VN also receive other material benefits

That is a survey released by the Hong Kong – Shanghai Banking Corporation (HSBC).

Vietnam is becoming a promising land for foreign experts as their average income in Vietnam is USD 88,096 per year and, 36% of them have income up 25% up since moving here.

That is a survey released by the Hong Kong – Shanghai Banking Corporation (HSBC).

Although their income in Vietnam is lower than the global pay scale (USD 99.903 per year), in return foreign experts can save more, therefore; their disposable income can be improved better.

In addition to salaries, professionals working in Vietnam receive other material benefits such as having more vacations, more services related to local human resources such as housekeeping and childcare, and more comfortable accommodation.

Specialists are also entitled to additional incentives in labor contracts, most commonly medical and health care allowances, accommodation allowances and annual home visit allowances.

However, despite saving more money, less than one fifth of surveyed professionals own real estate in Vietnam. This ratio is only half of the global average.

Foreign experts in Switzerland earn the most with an average income of USD 193,006 a year, almost double the global average.

In addition to Switzerland, moving to work in the Gulf States also boosted the earnings of the professionals.

However, Singapore is a place that is considered to please foreign experts in all aspects.

The criteria that are highly appreciated are political stability, economy, quality of life and favorable conditions for the family.

Vietnam is still quite competitive in the eyes of foreign experts in terms of economic factors but when considering the criteria of life experience, it receives less positive feedback.

In assessing the results of the survey, Mr. Sabbir Ahmed, Country Manager for Personal Financial Services and Asset Management, HSBC Vietnam, said that Vietnam remains an economy that attracts more and more foreign experts coming to seek challenges and career development.

However, some areas need to be improved so that Vietnam could be more attractive in the eyes of foreign experts.

"It is clear that foreign experts expect more favorable conditions in Vietnam for financial management, health care and child care.

This poses challenges to the responsiveness of financial institutions, health organizations and educational institutions.

At the same time, it is also an opportunity for companies operating in these areas to develop their businesses by better serving this customer segment, "said Sabbir Ahmed./.

VNF