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Vietnam scores in expat survey for salaries and lifestyle
| Published: | 6 Jan at 6 PM |
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A recent survey shows Vietnam has overtaken Japan, Taiwan, Korea and Thailand as a popular destination for expat professionals.
The most recent Expat Explorer survey’s Vietnam result may come as a surprise to many would-be expats who’ve not even considered it as a destination, but the Southeast Asian country is now ranked at 28th in the career sector. One major reason is that 80 per cent of expats on employment contracts also benefit from allowances.
In the Asia group of expat destinations, Vietnam came second for its work/life balance, with 57 per cent of those surveyed saying their experience in the country was more than satisfactory. In general, expats living and working in Asia found their jobs more fulfilling that the positions they held in their home countries.
ASEAN countries’ faster growth rates, infrastructure improvements and expanding middle classes are resulting in more foreign investments and an increasing number of expat workers. In addition to improved work/life balances, expats working in Vietnam are offered salaries some 50 times the average wage in order to retain their skills.
According to Vietnam News, a number of other categories in addition to salaries and lifestyle also suggest the country offers a positive destination for expat entreprenuers. Compared with former favourite Japan, Vietnam scored more points in political stability, entrepreneurship, economic confidence, the ability to save money and a high level of disposable income.
Problematic areas were few, with job security the most important, followed by the chance to acquire new skills, but wage growth was identified as being higher than in Japan. In addition to placing Vietnam ahead of most other ASEAN destination, the survey as a whole identified Singapore as the top country for expats, followed by New Zealand, Canada, the Czech Republic, Switzerland, Norway and Austria.
The most recent Expat Explorer survey’s Vietnam result may come as a surprise to many would-be expats who’ve not even considered it as a destination, but the Southeast Asian country is now ranked at 28th in the career sector. One major reason is that 80 per cent of expats on employment contracts also benefit from allowances.
In the Asia group of expat destinations, Vietnam came second for its work/life balance, with 57 per cent of those surveyed saying their experience in the country was more than satisfactory. In general, expats living and working in Asia found their jobs more fulfilling that the positions they held in their home countries.
ASEAN countries’ faster growth rates, infrastructure improvements and expanding middle classes are resulting in more foreign investments and an increasing number of expat workers. In addition to improved work/life balances, expats working in Vietnam are offered salaries some 50 times the average wage in order to retain their skills.
According to Vietnam News, a number of other categories in addition to salaries and lifestyle also suggest the country offers a positive destination for expat entreprenuers. Compared with former favourite Japan, Vietnam scored more points in political stability, entrepreneurship, economic confidence, the ability to save money and a high level of disposable income.
Problematic areas were few, with job security the most important, followed by the chance to acquire new skills, but wage growth was identified as being higher than in Japan. In addition to placing Vietnam ahead of most other ASEAN destination, the survey as a whole identified Singapore as the top country for expats, followed by New Zealand, Canada, the Czech Republic, Switzerland, Norway and Austria.
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