Report reveals rising salary trends in Vietnam

2019-04-11 13:34

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HANOI, April 11 (Xinhua) -- Companies in Vietnam across sectors, especially high-tech, life science and chemical will slightly increase salary in 2019, according to a recent survey by global human resources consulting firm Mercer and its local partner Talentnet.

Base salary in Vietnam will grow at an average rate of 8.8 percent this year, with the three aforementioned sectors being expected to apply the highest increase rates, at equal to or over 9 percent, local online newspaper VnExpress on Thursday quoted the Talentnet-Mercer Market Pulse Report 2019 as reporting.

This year, management and executive levels are forecast to have a slight overall salary increase rate, while there is no significant change amongst professional levels.

Similarly observed in variable bonus rates, head of organization, executive, and management levels have had their bonus rates increase higher than all other levels, all at above 17 percent, read the report.

Lack of clear career path and low pay competitiveness are the top reasons causing employees to leave firms, standing equally at 47 percent.

This implies employee's balanced need for a stable career progression and equitable compensation for their effort.
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