Managerial positions in the healthcare and pharmaceuticals sector, particularly multinational firms, received the highest remuneration in Vietnam’s labor market in 2021, a report says.
The report, based on a survey of 76 MNCs and 24 local companies by headhunting agency Adecco Vietnam, says that the monthly salary for HCMC-based general managers in the healthcare sector with more than five years’ experience ranged from VND400-600 million ($17,520-26,275), while their Hanoi counterparts could earn up to VND480 million monthly.
This pay rate was 20 to 130 percent higher than those working in the same position in other sectors.
An experienced business unit manager can earn monthly salaries of VND230-350 million; experienced sales managers get VND150-250 million, and marketing managers can get VND120-180 million.
Telehealth and telemedicine saw the biggest transformations in this sector in 2021, with millions of users under Covid-19 lockdown and social distancing. This became a driving force for companies to hire more key personnel for sales, marketing and medical affairs.
Financial services and technology are two other sectors with attractive salaries, the report says.
In the technology industry, the Chief Technical Officer/Chief Information Officer position has the highest paycheck of up to VND400 million in HCMC and VND360 million in Hanoi. Software/solution architects, software engineers and DevOps positions follow, earning VND90-160 monthly.
For financial services, the monthly paycheck ranges from VND55 million for investment analysts to VND500 million for Hanoi-based, experienced group chief executive officers.
In Hanoi, the investment director of a private equity firm can earn VND300 million monthly, VND15 million higher than his/her HCMC counterpart. The head of equity research and chief commercial officer positions earn around VND225 million a month.
The survey found 70 percent of businesses saying they would will recruit for new positions this year, while only 10 percent reported plans to cut staff numbers.
Retail and wholesale businesses are expected to be the largest recruiters, with 82 percent of businesses planning to expand their labor size.
The survey also found a prosperous outlook in financial welfare policies, with 76 percent of the respondents planning to increase their salary budget and 46 percent their bonus budget.
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