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Vietnam Today

Robert Walters' Salary Survey 2019 reveals positive outlook

Released at: 13:57, 10/12/2018

Robert Walters' Salary Survey 2019 reveals positive outlook

Photo: Robert Walters

High demand seen for tech talent and experienced senior professionals with good understanding of local culture.

by Hung Cao

Robert Walters, a specialist professional recruitment consultancy headquartered in the UK, recently released its annual Salary Survey 2019, focusing on Vietnam and other countries in Southeast Asia including Thailand, Singapore, the Philippines, Malaysia and Indonesia.

In its 20th edition, the annual salary survey offers a comprehensive review of professional salaries across various industries and illuminates recruitment trends both globally and locally with hiring advice from experts.

2018 insights

Vietnam’s manufacturing and engineering sectors this year continued to enjoy growth, with new entrants into the market and existing players expanding their presence in the country. The establishment of Vietnam’s first major local car maker created numerous jobs in related businesses such as equipment and part manufacturers.

Technology was another sector that experienced rapid growth, with Vietnam emerging as a regional tech hub, and some have even dubbed it the “Silicon Valley of Asia”. A good number of tech startups from Asia, Europe and the US entered the market, driving demand for senior tech roles.

Sales and marketing professionals, particularly those in building and construction or related sectors, were also sought after. Most of these positions were expansionary in nature, driven by local real estate developers undertaking large development projects in Ho Chi Minh City.

2019 predictions

The salary survey 2019 suggests that Vietnam’s established market in 2019 will lead to a greater need for senior talent who have experience in stabilizing and leading companies to greater growth.

“In 2018, we saw salaries begin to stabilize as the Vietnam market matured,” said Mr. Adrien Bizouard, Country Manager of Robert Walters Vietnam. “In more established industries, some candidates took pay cuts in exchange for better perks and benefits. In 2019, job movers can expect an average increment of 15-25 per cent.”

“IT talent will continue to be sought after as more companies undertake digital transformations. In particular, we expect to see companies move away from traditional means of marketing to build their online marketing presence. In all sectors, professionals who equip themselves with the relevant digital skills will find themselves well-positioned in the market.”

Given the shortage of talent with the necessary skills and expertise, employers should expand their search to Vietnamese talent residing overseas. The “Come Home Pho Good” program from Robert Water helps companies identify and hire overseas Vietnamese professionals.

To secure top talent, companies should look at optimizing the recruitment process. This involves ensuring it is kept short so that candidates remain engaged, as well as communicating clear expectations and job descriptions right from the outset. To do this, Robert Walters recommends that human resources and hiring managers work closely together to reduce unnecessary delays.

Retention will be a major challenge that companies continue to face, particularly for junior- to mid-level professionals, who are often on the lookout for new experiences and greater growth. To overcome this, companies will need to provide exciting opportunities for up-skilling and development.

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