Robert Walters Global Salary Survey 2014

VIETNAM
SUMMARY
In 2013, the recruitment market

started slowly in Vietnam but
picked up after the New Year
or Tet celebrations, with hiring
activity across IT as well as the
pharmaceutical and industrial
sectors. People were willing to
move jobs but in most cases
market conditions could not
support their salary expectations.
Companies continued to prefer
hiring local professionals, however
the candidate-short market and
skills gap between middle and top
management meant this need
could not always be met.
As a result, hiring managers

were open to enticing overseas
Vietnamese back home due to
their international exposure and
expanded portfolio.
In view of the severe talent
shortage, most companies were
flexible in their hiring requirements
and considered applicants with
broadly matching skill sets.
Employers will need to focus on
developing skills and knowledge
internally if they want to build up
their teams, particularly as the
competition for quality local talent
looks set to intensify. Generally,

the outlook is fairly positive, with
international companies starting
to turn to Vietnam as a sourcing
alternative to China. Market
conditions will continue to be a
challenge, but as multinationals
convert representative offices into
wholly-owned businesses and
subsidiaries, future growth looks
promising.
Robert Walters Global Salary Survey 2014
463
VIETNAM
COUNTRY OVERVIEW
ACCOUNTING
& FINANCE
he majority
of hiring that
took place in
accounting and
finance in 2013 was
for replacement
roles, with new vacancies occasionally
created through business expansion.
With widespread budgetary constraints,
hiring managers looked for employees
who could carry out broad roles.
Internationally-recognised certifications
like ACCA, CIMA or CPA also gained
value in Vietnam, and companies
continued to prioritise applicants with
these qualifications.
BANKING & FINANCIAL SERVICES

Front office banking was generally quiet
throughout 2013. With companies
focusing heavily on developing their
existing teams, fewer new roles were
created. Companies prioritised quality
service provision and client relationships
over market share growth, and so took
a cautious approach to recruitment.
Looking ahead, banks will continue to
search for quality Vietnamese nationals
who have been educated overseas,
although the competition for their
signatures will be fierce. With regard to
salaries, having remained stable in 2013,
they may rise slightly in 2014.
HUMAN RESOURCES
Companies looked for hiring specialists
who could fill business-partnering roles
and add commercial value, particularly in

the consumer goods and pharmaceutical
industries. Multinationals were also on
the lookout for HR professionals with
expertise in learning and development
as well as organisational development
due to talent shortages. This trend will
continue in 2014, and we expect to
see greater demand for HR heads and
directors with 10 years experience or
more. HR professionals with overseas
backgrounds will also be popular hiring
targets but will be in very short supply
as will HR business partnering and talent
management specialists. On average,
well see pay increments of 10% for jobmovers in 2014, with perhaps up to 20%
for senior HR experts.
INFORMATION TECHNOLOGY
It was a mixed year for recruitment within
the IT sector. Restructuring, cost-saving
and redundancies among multinationals
led to reduced hiring activity on the
one hand, while outsourcing and new
business expansion caused increased
demand on the other. Managers and
engineers with experience in digital,
web, and mobile development were
hiring priorities, as were senior managers
able to build up hardware and software
companies at national and regional
level. We expect to see companies
looking to recruit cloud computing and
mobile application specialists in 2014.
Outsourced IT service provision will also
be a key area. IT leadership and crosscultural communications skills will be in
short supply, and 20% pay increments for
non-moving staff should remain constant
in 2014.
SALES & MARKETING

In the FMCG sector, some company
offices were downsized or closed during
2013. This meant recruitment needs
dropped off and only the best sales and
marketing applicants were likely to find
work. In the chemical, automation and
electrical engineering sectors there was
an ongoing call for sales and marketing
professionals. 2013 was also very
active for those specialising in technical
healthcare. Hiring mangers sought
candidates with very specific market
knowledge as they were less willing to
take a risk with new hires from outside
the industry. In 2014, we expect to see
new FMCG businesses set up in Vietnam,
with positive implications for recruitment.
Salaries should rise in line with inflation,
or hover around the 10-20% increment
range on average.
SUPPLY CHAIN & ENGINEERING

It was a quiet recruitment year for this
sector, with only the top companies
looking to expand. And with cost-saving
top of the agenda, internal rather than
external applicants were the order of
the day. Recruitment levels should pick
up in 2014, particularly in the garment,
electronics/electrical and FMCG
industries, with hiring for procurement
specialists likely to be busy. Overall we
anticipate shortages of high-quality, multitasking employees with strong technical
skills. Salary increments will be modest at
around 10-15% in 2014, while employees
will also be looking for compelling training
and development offers.
HO CHI MINH CITY

ACCOUNTING & FINANCE
ROLE
PERMANENT SALARY PER ANNUM USD ($)

2013
2014
Senior Auditor
18 - 20k+
19.5 - 23.5k+
Chief Accountant
12 - 26k
16 - 32k
Internal Auditor Manager
20 - 44k
26 - 52k
Financial Accountant
6.5 - 15.5k
10.5 - 19.5k
Management Accountant
6.5 - 15.5k
10.5 - 23.5k
Chief Financial Officer
86 - 122k
86 - 122k
Finance Director - MNC
57 - 88k
57 - 88k
Finance Director - SME
42 - 58k
45.5 - 58.5k
Financial Controller - MNC
42 - 49k
42 - 49k
Financial Controller - SME
31 - 38k
32.5 - 45.5k
Finance Manager
35 - 50k
26 - 50k
Compliance & Risk Manager
32.5 - 49k+
36.5 - 52k+
Cost Controller
11.5 - 12.5k+
13 - 26k+
Senior FP&A
31 - 38k
32.5 - 52k
Risk Manager
26 - 48k
28.5 - 53k
Finance/Business Analyst
14.5 - 16k+
15.5 - 32.5k+
Tax Manager
23.5 - 43k
26 - 52k
Relationship Manager
12 - 24k
13 - 26.5k
Accounting
Finance
465
NB: Figures are basic salaries exclusive of benefits/bonuses unless otherwise specified.
HO CHI MINH CITY

BANKING & FINANCIAL SERVICES
ROLE

2013
2014
Corporate & Institutional Banking
60 - 70k
66 - 77k
Head of Trade Finance
40 - 76k
44 - 83.5k
Head of Overseas Remittance
40 - 70k
44 - 79k
Channel Manager
33 - 45k
37.5 - 49.5k
Sales Director
27 - 53k
30 - 58k
Relationship Manager (5+ yrs exp)
36 - 70k
39.5 - 77k
Relationship Manager (1 - 3 yrs exp)
10 - 25k
11 - 27.5k
Head of Retail Banking Operations
60 - 80k
66 - 88k
Branch Manager
20 - 40k
22 - 44k
Branch Services Manager
14 - 28k
15.5 - 31k
Head of Credit Risk
53 - 70k
58 - 77k
Head of Retail Risk
53 - 70k
58 - 77k
Senior Manager - Retail Risk Operations
40 - 60k
44 - 66k
Risk Manager
27 - 47k
30 - 53k
Front Office
Operations
Risk
466
HO CHI MINH CITY

HUMAN RESOURCES
ROLE

2013
2014
HR Director
66 - 106k+
72 - 120k+
HR Manager
28 - 53k+
28 - 60k+
HR Executive
8 - 12k
9 - 15k
Organisation & Development Manager
22 - 45k
25 - 48k
HR Operational Manager
22 - 45k
24 - 48k
HR Business Partner
22 - 38k
25 - 48k
Compensation & Benefits Manager
20 - 23k
20 - 24k
Learning & Development Manager
19 - 26k
19 - 26k
Talent Acquisition Manager
17 - 20k
20 - 30k
Office Manager
13 - 19k
13 - 19k
Personal Assistant
6 - 13k
6 - 13k
Human Resources
Business Support
467
HO CHI MINH CITY

INFORMATION TECHNOLOGY
ROLE

2013
2014
IT Head
58 - 69k
50 - 65k
CTO
30 - 45k
28 - 45k
Senior Project Manager
26 - 37k
26 - 40k
IT Manager
23 - 36k
20 - 35k
Senior Business Analyst
17 - 26k
20 - 30k
Technical Architect - .NET
18 - 24k
20 - 25k
Senior Android/iOS Developer
18 - 23k
23 - 26k
C#/ASP .NET Engineer
17 - 23k
20 - 26k
ERP Technical Consultant
14 - 22k
16 - 24k
Embedded Software Engineer
13 - 18k
15 - 20k
SharePoint Developer
13 - 17k
15 - 20k
ERP Functional Consultant
10 - 18k
14 - 19k
Java Engineer
10 - 16k
15 - 19k
Senior QC Engineer
8 - 14k
9 - 15k
IT Infrastructure Head
30 - 35k
32 - 40k
Senior System Engineer
23 - 36k
25 - 40k
IT Security Manager
22 - 37k
25 - 42k
Senior Database Engineer
11 - 18k
14 - 22k
Business Transformation
Development
Infrastructure
468
HO CHI MINH CITY

SALES & MARKETING
ROLE
Management
GM/MD
Sales & Marketing Director
Sales & Marketing Manager
Sales
Sales Director
National Account Manager
Regional Account Manager
Key Account Manager
Business Development Manager
Area Sales Manager
District Sales Manager
Sales Engineer
Marketing
Marketing Director
Marketing Manager
Corporate Affairs Director
Corporate Affairs Manager
Business Unit Manager
Marketing Research Director
Marketing Research Manager
Public Relations Director
Public Relations Manager
MarComms Director
MarComms Manager
Direct Marketing Manager
Trade Marketing Manager
Channel Manager
Product Manager
Visual Merchandising Manager
Brand Manager
Technical Healthcare
Medical Director
Medical Affairs Manager
Clinical Research Manager
Clinical Research Specialist
Regulatory Affairs Manager
Regulatory Affairs Specialist
Medical Science Liaison
Medical Specialist

469

2013
2014
117 - 195k
104 - 130k
52 - 65k
135 - 225k
120 - 150k
60 - 75k
65 - 91k
52 - 65k
26 - 39k
26 - 39k
26 - 32.5k
19.5 - 26k
13 - 19.5k
8 - 13k
75 - 105k
60 - 75k
30 - 45k
30 - 45k
30 - 37k
22.5 - 30k
15 - 22k
9 - 15k
78 - 104k
65 - 91k
78 - 91k
26 - 39k
65 - 91k
78 - 91k
39 - 52k
65 - 78k
32.5 - 39k
52 - 65k
39 - 52k
52 - 78k
39 - 52k
32.5 - 39k
22 - 32.5k
19.5 - 26k
19.5 - 26k
90 - 120k
75 - 105k
90 - 105k
30 - 45k
75 - 105k
90 - 105k
45 - 60k
75 - 90k
37 - 45k
60 - 75k
45 - 60k
60 - 90k
45 - 60k
37 - 45k
25.5 - 37k
22.5 - 30k
22.5 - 30k
58.5 - 78k
26 - 45.5k
32.5 - 45.5k
15.5 - 22k
26 - 39k
15.5 - 23.5k
19.5 - 28.5k
13 - 19.5k
67 - 90k
30 - 52k
37.5 - 52.5k
18 - 25.5k
30 - 45k
18 - 27k
22.5 - 33k
15 - 22.5k
NB: Figures are basic salaries exclusive of benefits & bonuses unless otherwise specified.
HO CHI MINH CITY

SUPPLY CHAIN & ENGINEERING
ROLE
Supply Chain & Procurement

Supply Chain Director
Supply Chain Manager
Plant Manager
Operations Manager
Continuous Improvement Manager
Logistics Manager
Maintenance Manager
Planning Manager
Customer Service Manager
Procurement Manager
Warehouse Manager
Sourcing Manager
Service Manager
Production Manager
HSE Manager
Facility Manager
Third Party Logistics
Operations/Logistics Manager
Sales Manager
Key Account Manager
Engineering
Engineering Manager
Project Manager
QA/QC Manager
R&D Manager

2013
2014
60 - 84k
30 - 48k
48 - 60k
48 - 60k
30 - 42k
30 - 36k
30 - 36k
24 - 48k
24 - 36k
24 - 30k
24 - 30k
24 - 30k
24 - 30k
24 - 36k
24 - 30k
21.5 - 26.5k
66 - 92.5k
33 - 53k
53 - 60k
53 - 66k
33 - 46k
33 - 39.5k
33 - 39.5k
26.5 - 53k
26.5 - 39.5k
26.5 - 33k
26.5 - 33k
26.5 - 33k
26.5 - 33k
26.5 - 39.5k
26.5 - 33k
24 - 29k
30 - 40k
24 - 30k
18 - 30k
33 - 44k
26.5 - 33k
20 - 33k
30 - 42k
26 - 36k
30 - 36k
18 - 30k
33 - 46k
28.5 - 39.5k
33 - 39.5k
20 - 33k
470

Robert Walters Global Salary Survey 2014

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VIETNAM

In 2013, the recruitment market

As a result, hiring managers

looks set to intensify. Generally,