Professional Documents
Culture Documents
2015 WAS A POSITIVE YEAR FOR 2016 EXPECTATIONS companies and retailers might consider
RECRUITMENT IN VIETNAM. STRONG individuals with complementary FMCG
LEVELS OF DEMAND WERE DRIVEN BY The trend for recruiting returning Vietnamese experience whose skills can be refined internally.
NEW BUSINESSES ENTERING THE MARKET, professionals will continue in 2016. Hiring these
INCLUDING THE ARRIVAL OF MAJOR internationally experienced candidates will help Continuing the trend seen in 2015, hiring
COMPANIES FROM AUSTRALIA, THE US hiring managers begin to close the experience managers will want to see evidence of
ANDTHAILAND. gap between candidates required for middle- candidates loyalty to former employers, to
management positions as well as those for more identify those most likely to stay in a new role
2015 INSIGHT senior roles. This, in turn, will assist companies for a significant length of time. This will intensify
to develop solid succession planning strategies competition among employers for candidates
With such high levels of demand, the by recruiting high-potential candidates capable who can point to longer terms of employment.
Vietnamese talent pool showed signs of of moving to the very top levels of the company.
becoming stretched. Competition for skilled We anticipate that salary increases ranging from
professionals in finance, HR, compliance, sales, There is no sign of inward investment slowing 15-25% are realistic for those changing jobs.
marketing, manufacturing, sourcing and IT down and we expect new businesses to However, companies need to be aware that a
significantly increased. continue entering the market during 2016. We substantial proportion of jobseekers continue
also anticipate that many already established to target often unaffordable rises of 40-60%,
To address this shortage of local talent, companies will run transformational and making them unviable candidates for most
employers increasingly looked to attract restructuring programmes, heightening demand employers.
returning Vietnamese professionals. Engaging for HR practitioners with change management
those who have studied or worked abroad has experience, for example. Although salary is always a key factor in
clear advantages - they have gained skills and attracting new employees, the opportunity
experience they can share with colleagues In the face of greater competition for talent, for structured career progression will be more
in Vietnam, and understand the culture and we recommend that hiring managers consider important than ever in 2016, as the competition
language to a level many foreign professionals candidates from industries and sectors other for talent intensifies.
cannot match. than their own. For example, pharmaceutical
KEY FINDINGS
(Whitepaper)
WHAT PROFESSIONALS WANT
(Salary Survey 2016)
TOP 3 INDUSTRIES HIRING
Whitepaper: Robert Walters Research, Insights from the Exit Process 2014,
803 respondents.
Robert Walters Returning Asians Survey 2015.
2015, 654 respondents.
Vietnam364
Vietnam
Vietnam
OVERVIEW
ACCOUNTING & FINANCE ensure that this trend continues to drive engineering. Employers will also target
increased recruitment in 2016. project management professionals as well as
With a growing shortage of accounting and development engineers to implement and lead
finance professionals in 2015, hiring managers We expect that FMCG companies, in particular, their research and development activities.
found themselves competing for candidates. will continue to focus on building solid
As opportunities for jobseekers increased, stakeholder relationships in 2016. Senior audit We envisage that the manufacturing, real-estate,
appropriate candidates for senior roles became and control professionals with strong technical construction materials and mining industries will
more selective about the jobs they applied knowledge and good communication skills will be noticeably active; real-estate construction is
for, exercising choice over the industries and therefore continue to be popular hiring choices particularly buoyant. As a result of this upturn,
locations they wanted to work in. throughout the year. As companies seek to engineering professionals will be in higher
contain costs, demand will also exceed supply demand during 2016.
At the same time there was growth in demand for costing managers with experience across a
for senior accounting and finance professionals range of methodologies. HUMAN RESOURCES
to fill roles such as CFO and finance director,
particularly in the manufacturing and BANKING & FINANCIAL SERVICES During 2015, many companies in Vietnam
real-estate sectors, but as there were a relatively were in a transitional phase as they sought to
small number of appropriately qualified and Vietnams banking sector, which became build measurable business growth models. As
experienced candidates at this level, recruitment fragmented following a decade of fast a result, the focus of hiring activity in HR was
has been challenging. expansion, has been through a series of primarily on key functions, such as change
mergers in recent years. This trend continued in management and organisational and talent
In order to address this problem, many hiring 2015, as the countrys banks, supported by the development.
managers are replacing expatriate CFOs with government, sought to reduce their exposure to
local financial controllers who have the ability to non-performing loans. It was also noticeable that companies were
develop and take on a more senior role. investing more effort and spend on staff retention
However, the arrival of three new market across all areas of the business. This resulted
Candidates with good communication skills and entrants has intensified competition among in increased demand for strategic-reward
business acumen will, therefore, be increasingly banks to attract and retain profitable business, professionals, focused on developing initiatives
important to employers in 2016, ensuring increasing the requirement for client-facing to improve staff loyalty over the long term.
new finance hires can effectively support the managers and compliance professionals.
business. Those with international qualifications, Widespread interest in the areas of change
such as ACCA and CIMA, will continue to be ENGINEERING management and talent development created
in high demand, particularly by multinational skills shortages in these specialist roles, and
companies. Vietnams growing role as a manufacturing hub hiring managers started to struggle in their
drove demand for local plant managers with search for jobseekers capable of both strategy
In the pharmaceutical sector, where tighter engineering backgrounds as well as specific development and implementation.
regulatory practices have revealed skills factory operations and leadership experience.
shortages in compliance, a key recruitment With shortages of HR specialists expected
focus will be on internal controllers with Hiring managers will continue to seek to continue in 2016, salaries are likely to
compliance and internal audit backgrounds. customer-oriented field service engineers in rise for professionals experienced in total
The continuing worldwide emphasis on ethical, 2016, placing particular importance on strong rewards as well as learning and development.
regulatory and risk management issues will technical skills in mechanical and electrical We recommend that, in addition to seeking
KEY TRENDS
As more manufacturing plants are established in Vietnam; procurement, sourcing, and supply chain professionals will see more job opportunities.
Senior audit and control professionals with strong technical knowledge and good communication skills will continue to be popular hiring choices
throughout the year.
The entrance of new mobile applications businesses and tech start-ups in Vietnam will drive recruitment for positions in iOS development, Android
development and graphic design.
In the healthcare sector, demand for marketers grew as international companies expanded their presence in Vietnam and as competitors entered the
market for the first time.
Finance
367 Robert Walters Global Salary Survey 2016 Robert Walters Global Salary Survey 2016 6
HO CHI MINH CITY
BANKING & FINANCIAL SERVICES
Corporate Banking
Consumer Banking
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HO CHI MINH CITY
HUMAN RESOURCES
Business Support
Development
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HO CHI MINH CITY
SALES & MARKETING
Sales
Marketing
Technical Healthcare
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