Vietnam ranked high for expat careers
14:40, 2017/01/09
Vietnam has overtaken Japan, the Republic of Korea (RoK), Thailand and Taiwan on the list of most desirable locations for expat career opportunities, according to new data released from the latest Expat Explorer survey from the Hong Kong and Shanghai Banking Corporation Limited (HSBC) in 2017.
The report, published on January 6, ranked Vietnam 28th on a global list of destinations for a successful expat career, placing the country higher than RoK at 38th, Japan at 36th, Thailand at 34th and Taiwan at 31st.
In Vietnam, nearly four in five expats said their employment package comes with benefits. China, India and RoK reported 90%, 89% and 88%, respectively.
In relation to work-life balance, in Asia, Vietnam ranked second with 57% of expats saying that they enjoyed a superior work-life balance. The metric was preceded by Thailand at 60% and closely followed by Indonesia at 56 percent.
More broadly, expats across Asia, especially Southeast Asia, find their work more fulfilling than previous jobs back home. The majority of expats in Vietnam at 52%, Thailand and Indonesia both at 54% and Singapore at 53% said they were more fulfilled at work since they made the move.
“With relatively faster growth rates, a rapidly expanding middle class and improving infrastructure, the ASEAN is becoming an exciting destination for foreign investments which are usually accompanied by an increasing number of expats, both from within the region and globally.
We are confident that each of the ASEAN markets can offer rewarding international career prospects,” said Sabbir Ahmed, head of Retail Banking and Wealth Management, HSBC Vietnam.
Expats in Vietnam have been well compensated through higher salaries, almost 50 times more than the average wage in their countries, as employers place higher value on retaining foreign employees.
The careers league table scores and rankings are based on eight criteria: skill acquisition, career progression, job security, earnings, benefits packages, work-life balance, work culture and fulfilment at work.
According to HSBC’s Expat Explorer survey, Europe is rated the best destination worldwide for those looking to progress their career abroad and benefit from great working conditions.
In Vietnam, nearly four in five expats said their employment package comes with benefits. China, India and RoK reported 90%, 89% and 88%, respectively.
In relation to work-life balance, in Asia, Vietnam ranked second with 57% of expats saying that they enjoyed a superior work-life balance. The metric was preceded by Thailand at 60% and closely followed by Indonesia at 56 percent.
More broadly, expats across Asia, especially Southeast Asia, find their work more fulfilling than previous jobs back home. The majority of expats in Vietnam at 52%, Thailand and Indonesia both at 54% and Singapore at 53% said they were more fulfilled at work since they made the move.
“With relatively faster growth rates, a rapidly expanding middle class and improving infrastructure, the ASEAN is becoming an exciting destination for foreign investments which are usually accompanied by an increasing number of expats, both from within the region and globally.
Illustrative image
|
Expats in Vietnam have been well compensated through higher salaries, almost 50 times more than the average wage in their countries, as employers place higher value on retaining foreign employees.
The careers league table scores and rankings are based on eight criteria: skill acquisition, career progression, job security, earnings, benefits packages, work-life balance, work culture and fulfilment at work.
According to HSBC’s Expat Explorer survey, Europe is rated the best destination worldwide for those looking to progress their career abroad and benefit from great working conditions.
18:38, 2025/01/30
Urenco strives for a cleaner environment in Hanoi
Innovation in garbage collection vehicles is an important step in ensuring environmental sanitation, contributing to building a civilized, clean and beautiful urban area in a sustainable direction.
09:55, 2025/01/26
Hanoi promotes urban decorations for Tet
The "Bright - Green - Clean - Beautiful" movement demonstrates Hanoi's unwavering commitment to sustainable development and environmental protection.
22:21, 2025/01/15
Hanoi to increase supply of essential goods by 30%-35% for Tet
Authorities in Hanoi planned to prevent price hikes during the national holiday by stocking up on goods and ensuring food supplies.
22:39, 2025/01/01
Hanoi works to ensure merry Tet
The move aims to make the best preparations for the traditional Tet celebrations.
17:37, 2024/12/30
Channel needed to expand Hanoi's OCOP products: Experts
Hanoi has devised a plan to boost the sale of OCOP products by creating OCOP venues associated with rural tourism and craft village visits in the city.
21:24, 2024/12/28
Rising Like Bamboo: Vietnamese Identity on the Global Stage
The Vietnam International Awards 2024 brings together outstanding individuals, compassionate hearts, and promising young talents, all united by a common goal: to connect and spread the positive values of the Vietnamese community worldwide.