Welcome to the 2023 Southeast Asia Salary Trends and Guide by the CGP Group. This is the annual salary report to guide both employers and job seekers to acquire the right information about hiring trends and salary ranges in various sectors across Southeast Asia - Singapore, Thailand, Vietnam and Malaysia.
Talent Trends in Vietnam
Vietnam is expected to see the highest forecasted median salary increase budget in Southeast Asia at just below 8% throughout 2023. Industry-wise, Retail, Technology, Life sciences, Sales & Marketing, and Financial Services are expected to see the highest growth. Recruitment and retention have been a challenge in Vietnam for some years due to increased opportunities and skills shortages. Many people, particularly among the younger generations, enjoy trying out different roles and different industries. Due to ongoing growth within the country and some impacts from COVID-19, this issue has intensified throughout 2022 and we expect to see more of the same heading into 2023.
Recruitment and retention have been a challenge in Vietnam for some years due to increased opportunities and skills shortages
Vietnam’s information technology (IT) market is gaining traction and the country is emerging as the fastest-growing digital economy
Hybrid working, freelance or contractor engagements and task-specific hiring are increasingly becoming more popular in Vietnam
To get detailed insights into market outlook and salary benchmarks, download the guide today.