With Vietnam poised to experience further economic expansion even amid the backdrop of an uncertain global economy, we look forward to continuing our partnership with our clients to mee
Trang 1VIETNAM
2019 SALARY
GUIDE
Trang 2For more than 20 years, First Alliances has connected over
200,000 candidates to thousands of companies across Vietnam,
Japan and South Korea.
Established in 1998, First Alliances is Vietnam’s leading recruitment & staffing company with a
high-performance culture We specialise in Executive Search & Selection and HR outsourcing,
which includes payroll, staffing and RPO.
Our key expertise are in the Accounting, Construction & Real Estate, Consumer Goods,
Banking, Finance & Insurance, Healthcare, Hospitality, Industrial & Supply Chain, IT &
Telecommunications, and HR & Administration industries Together with our Japan and Korea
desks, we seek to provide a one-stop hiring solution for our clients.
Since 2016, First Alliances is one of brands under PERSOLKELLY, a joint venture between
Japanese recruitment company PERSOL Holdings and Kelly Services, Inc, to cater to the rising
workforce needs of the emerging Asia Pacific market PERSOLKELLY is currently one of the
largest workforce solutions providers in the Asia Pacific region, spanning over 50 offices across
13 countries including Australia, China, Hong Kong, India, Indonesia, Malaysia, New Zealand,
Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.
Visit fa.net.vn and connect with us on Facebook and LinkedIn below.
Company Overview
Trang 3VIETNAM IN THE AGE OF
TRANSFORMATION
As Vietnam heads into 2019, her economy will
largely be driven by digital transformation and
disruptive technologies Industry 4.0 will present
both challenges and opportunities to the
Vietnamese workforce.
The International Labour Organisation (ILO)
forecasted that 56 percent of all jobs in Cambodia,
Indonesia, Philippines, Thailand and Vietnam is
at high risk of being replaced by technology over
the next decade or two.
INSIGHT & TREND
US-CHINA TRADE TENSIONS PRESENT MORE OPPORTUNITIES FOR VIETNAM’S WORKFORCE
IN 2019
The trade war between the US and China is pushing many global companies to relook at their supply chains Even if trade tensions simmer, companies will still try and shift some of their supply chains to Southeast Asia This trend may potentially unlock
$1 trillion in economic activity for the region.
Vietnam could become an attractive market for these companies Our country has a stable political situation, which positively impacts economic growth GDP per capita exceeded the government’s target of 6.7%, with foreign direct investments (FDI) growing by 6% to US$13.25 billion This has created a conducive business environment, with Japan, South Korea and Singapore now Vietnam’s largest FDI investors.
We wish to partner and serve you on recruitment needs, please contact our Ho Chi Minh City branch at hcmc@fa.net.vn or our Hanoi branch at hn@fa.net.vn.
Moreover, our workforce will continue to transform along with our economy With an average age of
30, Vietnam’s growing young population are more open to overseas opportunities, workplace diversity and global perspectives
With the gradual shift towards a high-tech economy coupled with a lack of digital talents, competition for skilled workers is only going to be more intense
Hence, understanding new recruitment trends will
be key in staying ahead of your competition.
The rise and use of Artificial Intelligence (AI) at workplaces will become even more evident in
2019 For instance, “chatbots” are increasingly being applied to many websites to improve user experience and provide better customer support.
As more of Vietnam’s small and medium enterprises (SMEs), which make up over 90 percent
of the country’s economy, adopt technology to their business operations, tech skills such as data analytics and cloud computing will be in higher demand in 2019.
With Vietnam’s economy set to enjoy further growth in 2019, we hope that our First Alliances Annual Salary Guide will serve as a useful resource
to bolster your talent acquisition plans
At First Alliances, our local consultants are complemented by a team of Japanese and Korean consultants, who has helped various multinational companies source for much-needed Japanese and Korean talents to help develop their businesses in Vietnam With most of our locally-based multi- lingual candidates possessing international working experience, we can provide you with talents most suited for your organisation.
ILO forecasted that 56% of all jobs is at high risk of being replaced by technology over the next decade or two
GDP per capita exceeded the government’s target of 6.7%, with FDI growing by 6%
SMEs which make up over 90% of the country’s economy, adopt technology
to their business operations,
56 % 6.7 % 90 %
Trang 4EXECUTIVE OVERVIEW
On the back of solid growth in 2018,
Vietnam’s economy looks set to
continue its upward growth trajectory
in 2019
A stable economic landscape has contributed to
an increase in FDI inflows into the country,
especially as more companies shift parts of their
supply chain to Vietnam in response to the
US-China trade tensions These investments have
added over US$13 billion to Vietnam’s economy.
Trade will continue to feature as a key pillar for
Vietnam’s growth, further bolstered by Parliament’s
ratification of the Comprehensive and Progressive
Agreement for Trans-Pacific Partnership (TPP11), a
multilateral trade agreement which includes
Vietnam and two of its top three FDI investors, Singapore and Japan, among eight other countries.
With GDP growth exceeding forecasts for the first three quarters of 2018, the strong potential of Vietnam’s economy is reflected by the government’s projection of between 6.6% to 6.8%
in GDP growth for 2019.
Vietnam continues to enjoy one of the lowest unemployment rates in the Asia Pacific region, holding steady at 2.2% in 2018, having dipped to 2.19% in the second quarter of 2018 As the country continues its transition to a high-tech economy, a slight increase in unemployment rate
of 0.1 – 0.2% is projected for 2019 to account for further workforce transformation.
Vietnam continues to enjoy one of the lowest unemployment rates in the Asia Pacific region.
Developing and investing in the country’s human capital will be integral to Vietnam’s workforce transformation Expanding the country’s pool of skilled talent will enhance Vietnam’s competitive edge in the regional and global economy.
Vietnam’s future economic growth will increasingly hinge on their ability to adopt new technologies
Big data, cloud computing and Artificial Intelligence (AI) will not only improve productivity and efficiency, but also accelerate the country’s
agriculture and manufacturing to high-tech production and services This will create more employment opportunities as well as higher value jobs.
With Vietnam poised to experience further economic expansion even amid the backdrop of
an uncertain global economy, we look forward to continuing our partnership with our clients to meet their evolving workforce needs We hope the data
in this Salary Guide will provide relevant insights to help you develop a more strategic and forward- looking recruitment and retention plan for your prospective employees and existing talents.
Cong Ong General Director
AI will not only improve productivity and efficiency, but also accelerate the country’s transition from labour-intensive sectors like agriculture and manufacturing to high-tech production and services.
Trang 5Ho Chi Minh City
Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
INTERNAL ACCOUNTING & FINANCE
Chief Financial Officer 12-20 5,000 13,000 12-20 4,000 10,000
Chief Accountant/Accounting Manager 6-12 1,500 5,000 5-8 1,000 2,200
Deputy Chief Accountant/
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXTERNAL FINANCIAL SERVICE*
Director Level (Expat) 10-15 5,000 10,000 8-12 5,000 10,000 Director Level (Local) 10-15 5,000 10,000 8-12 4,000 5,000
Assistant Manager Level (Expat) 5-8 2,500 3,500 5-8 2,500 3,500 Assistant Manager Level (Local) 5-8 1,500 2,000 5-8 1,000 2,000
MANAGEMENT CONSULTING SERVICE
Trang 6MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
BANKING
BOARD OF MANAGEMENT
FRONT OFFICE – RETAIL BANKING
Head of Retail Banking 10+ 10,000 15,000 10+ 8,000 15,000
Regional Sales Director/Manager 10+ 3,000 6,000 8-10 3,000 6,000
(Provincial) Retail Sales Manager 6-8 1,200 2,000 6-8 1,200 2,000
Ho Chi Minh City
Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
FRONT OFFICE – CORPORATE BANKING
Head of Corporate Banking 10+ 10,000 15,000 10+ 10,000 15,000
Regional Sales Director 8-10 2,500 6,000 8-10 2,500 6,000 Business Center Director 8-10 2,500 6,000 8-10 2,500 6,000 Senior Relationship Manager 4-8 1,500 5,000 4-8 1,500 5,000
Trang 7BANKING AND FINANCE BANKING AND FINANCE
Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
CREDIT APPROVAL DEPARTMENT
Senior Credit Officer/Specialist 4-6 1,500 2,500 4-6 1,500 2,500
RISK MANAGEMENT DEPARTMENT
Senior Risk Management Officer 3-5 1,500 2,500 3-5 1,500 2,500
INTERNAL AUDIT DEPARTMENT
Internal Audit Director 10+ 4,000 6,000 10+ 4,000 6,000 Internal Audit Manager 7-10 3,000 5,000 7-10 3,000 5,000 Internal Audit Specialist 5-7 1,500 2,500 5-7 1,300 2,500
Deputy Head of Treasury 8-10 4,000 6,000 8-10 3,000 6,000
Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
CONSUMER FINANCE
SALES DEPARTMENT
National Sales Director 8-10 5,000 8,000 8-10 5,000 8,000
RISK AND COLLECTION DEPARTMENT
QUALITY ASSURANCE DEPARTMENT
Head of Quality Assurance 8-10 3,000 5,000 8-10 3,000 5,000
Investor Relation Officer 4-6 1,500 2,000 4-6 1,500 2,000
Regulatory Affairs Person In Charge 5+ 2,000 4,000 5+ 2,500 4,000
Trang 8BANKING AND FINANCE BANKING AND FINANCE
Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
SECURITIES
Senior Research Manager 5-10 2,000 3,000 5-10 1,500 4,000
Regulatory Affairs Person In Charge 10+ 2,000 4,000 10+ 2,500 4,000
Senior Investment Banking Manager 7+ 3,000 5,000 7+ 3,000 5,000
Brokerage Branch Director 10+ 2,500 4,000 10+ 2,500 4,000 Brokerage Branch Deputy Director 10+ 2,000 3,000 10+ 2,000 3,000
Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
Trang 9Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
FAST MOVING CONSUMER GOODS
SALES
CONSUMER
GOODS
Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
TRADE MARKETING
Trang 10Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
FASHION & COSMETICS
Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
COMMUNICATIONS & MEDIA
Client Service Head/Group Account Director 10+ 4,500 6,500 10+ 3,000 6,000
Trang 11CONSTRUCTION
& REAL ESTATE
Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
REAL ESTATE DEVELOPMENT
SALES & MARKETING
Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
PROJECT MANAGEMENT & DEVELOPMENT
Trang 12Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
REAL ESTATE SERVICES
REAL ESTATE & PROPERTY SERVICES
Associate Director - Valuation & Advisory
Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
ARCHITECTURE / INTERIOR DESIGN
OTHERS
CONSTRUCTION & REAL ESTATE CONSTRUCTION & REAL ESTATE
Trang 13Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
COMMERCIAL EXCELLENCE
MEDICAL AFFAIRS & CLINICAL RESEARCH
Head of Clinical 10-15 4,000 5,000 10 -15 3,000 4,000 Clinical Research Manager 5-10 1,800 3,500 5-10 1,800 3,000
REGULATORY AFFAIRS & QUALITY ASSURANCE
Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
PHARMACEUTICAL & MEDICAL NUTRITION
GENERAL MANAGEMENT
MARKETING
SALES
MARKET ACCESS
HEALTHCARE
Trang 14Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
MEDICAL DEVICE / HOSPITAL / CLINIC
HEALTHCARE
Trang 15Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
SALES & MARKETINGGroup Director of Sales & Marketing (Expat) 15+ 6,000 9,000 15+ 6,000 9,000 Director of Sales & Marketing (Expat) 10+ 4,000 6,000 10+ 5,000 7,000 Director of Sales & Marketing 10+ 3,000 5,000 10+ 3,000 4,500
OPERATION
Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
HOTEL
EXECUTIVE
General Manager (Expat) 15+ 6,000 10,000 15+ 5,000 10,000
Executive Assistant Manager 10+ 2,500 5,000 10+ 2,500 4,000
F&B AND KITCHEN
Director of Food and Beverage (Expat) 10+ 5,000 7,000 10+ 5,000 7,000
Director of Food and Beverage 10+ 3,000 5,000 10+ 2,500 5,000
HOSPITALITY
Trang 16Ho Chi Minh City Hanoi
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
F&B CHAINS
Director of Golf Membership 10+ 3,000 5,000 10+ 3,000 5,000
GAMBLING
SPA & FITNESS
Fitness Club General Manager 10+ 2,500 5,000 10+ 3,000 5,000
HOSPITALITY
Trang 17HUMAN RESOURCES
& ADMINISTRATION/
LEGAL/EDUCATION
Ho Chi Minh City
Salary Range (per month) EXPERIENCE
(YEARS)
MIN (USD)
MAX (USD)
HUMAN RESOURCES & ADMIN
MAX (USD)
HUMAN RESOURCES & ADMIN
Trang 18Ho Chi Minh City
Salary Range (per month) EXPERIENCE
(YEARS)
MIN (USD)
MAX (USD)
EDUCATION
MAX (USD)
LEGAL/EDUCATION
Trang 19INFORMATION
TECHNOLOGY &
TELECOMMUNICATIONS
Ho Chi Minh City
Salary Range (per month) EXPERIENCE
(YEARS)
MIN (USD)
MAX (USD)
MAX (USD)
SOFTWARE PRODUCT COMPANY
Trang 20Ho Chi Minh City
Salary Range (per month) EXPERIENCE
(YEARS)
MIN (USD)
MAX (USD)
IN-HOUSE IT
IT Infrastructure Support/ Network/ System/
MAX (USD)
IT Infrastructure Support /Network/System /
INFORMATION TECHNOLOGY &
TELECOMMUNICATIONS INFORMATION TECHNOLOGY &
TELECOMMUNICATIONS
Trang 21Ho Chi Minh City
Salary Range (per month)
EXPERIENCE (YEARS)
MIN (USD)
MAX (USD)
MIN (USD)
MAX (USD)
MANUFACTURING