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Vietnam rising fast as an expat professional destination.
| Published: | 4 Apr at 6 PM |
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Results of a recent survey showed Vietnam surging ahead of previous favourites Japan, Korea and Taiwan as the best place to further expat careers.
The HSBC Expat Explorer survey’s surprise result in the career opportunities sector showed Vietnam’s capital Hanoi in 28th position, well ahead of former favourites Japan, South Korea and Taiwan. Four out of every five respondents working in Hanoi reported their posts were linked to employment packages with benefits, and were more than happy with other aspects pf their new lives in Southeast Asia.
More than half of expats surveyed reported their work/life balance in Vietnam was far more satisfactory than that in the home country, and the work itself was more fulfilling. Broadly speaking, expats in Southeast Asia seemed far happier with their lives as a whole than they had been before they emigrated. Those working in Vietnam are earning at least 50 times more than average salaries for similar jobs in their countries of origin, and Hanoi’s cost of living is considerably less than in Western cities.
Another advantage of working in Vietnam is the fact that employers seem to value their employees far more then is common in the West, and will do more to keep them happy as a result. In general, ASEAN countries scored well in the survey, with HSBC’s head of retail banking and wealth management in Vietnam Sabbir Ahmed saying he was confident that rewarding international career opportunities in the country ware at an all-time high.
Ahmed believes now is an exciting time for ASEAN countries as regards foreign investment as well as for the high number of expat professionals accompanying incoming international businesses. Faster growth rates, steadily improving infrastructure and a rapidly expanding middle class with more money to spend, he adds, are all part of Vietnam’s present and future success.
The HSBC Expat Explorer survey’s surprise result in the career opportunities sector showed Vietnam’s capital Hanoi in 28th position, well ahead of former favourites Japan, South Korea and Taiwan. Four out of every five respondents working in Hanoi reported their posts were linked to employment packages with benefits, and were more than happy with other aspects pf their new lives in Southeast Asia.
More than half of expats surveyed reported their work/life balance in Vietnam was far more satisfactory than that in the home country, and the work itself was more fulfilling. Broadly speaking, expats in Southeast Asia seemed far happier with their lives as a whole than they had been before they emigrated. Those working in Vietnam are earning at least 50 times more than average salaries for similar jobs in their countries of origin, and Hanoi’s cost of living is considerably less than in Western cities.
Another advantage of working in Vietnam is the fact that employers seem to value their employees far more then is common in the West, and will do more to keep them happy as a result. In general, ASEAN countries scored well in the survey, with HSBC’s head of retail banking and wealth management in Vietnam Sabbir Ahmed saying he was confident that rewarding international career opportunities in the country ware at an all-time high.
Ahmed believes now is an exciting time for ASEAN countries as regards foreign investment as well as for the high number of expat professionals accompanying incoming international businesses. Faster growth rates, steadily improving infrastructure and a rapidly expanding middle class with more money to spend, he adds, are all part of Vietnam’s present and future success.
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