As
such, Vietnam has becoming an attractive destination for setting
up businessand factory in comparison with other countries in
the region due to the capability to attract managements and talents.
Vietnam
topped the list as the country bringing high income for foreign professionals
with 67% said that their income has increased and 68% of them have capable of
increasing accumulation. The study was published by HSBC in the foreign expert
research which was newly implemented.
Accordingly,
foreign professionals living in Asia Pacific was the highest paid people in the
world with an average annual income of 126,537 USD.
The
report also shows that Asia Pacific is the workplace of 18% foreign experts
with salary exceeding 200,000 USD a year, the highest rate in the region,
followed by the Middle East with 16%.
Living
in Vietnam: Earning more money and good accumulation
In
Asia in general, Vietnam, China, Hong Kong, Malaysia and Singapore bring the
highest accumulation to foreign experts, thus making their disposable incomes
rise.
In
particular, Vietnam topped the list with 67% of professionals working here saw
their incomes rise and 68% have increasing accumulation. In particular, 16% of
experts said that they potentially own more real estate by the rotation.
However,
according to HSBC then Vietnam topped the area in terms of potential savings of
foreign experts.
For
younger professionals, a few Asian markets provide opportunities for better
accommodation. More than half of professionals under 35 years old in Indonesia
(55%) and India (52%) spend less on accommodation than when they stay in their
own country.
The
report also shows that Asia Pacific has the ability to create easiest financial
base for professionals with high incomes, with 73% (of all income levels) said
that they can establish easiest finance in New Zealand, followed by Singapore
(63%) and Australia (56%).
Justin
Bull from HSBC in Hong Kong said that Asia given the best opportunities for
financing, allowing foreign experts to improve living standards and achieve
desired lifestyle. The majority of the experts here are British and American.
According to the survey, an important part of Asian experts changing local for
income increasing like Australian experts working in China and Vietnam; Indian
professionals working in Malaysia and Indonesia; Filipino professionals working
in Malaysia and the Malaysian and Indonesian professionals working in
Singapore.
There
will be high-quality workforce shifting
When
ASEAN is closer to the establishment of an economic community, the demand for
skilled manpower will be increased to be able to enhance the competitiveness of
the sector.
With
the fact that ASEAN will increase 57 million new households belonging to the
middle class to the global markets as of 2025, HSBC said that experts will
continue to contribute in the field of telecommunication, technology, banking, education,
hospitality, health, marketing and
construction…
In
addition, the new agreements on trade and investment, connecting economies with
each other will unfreeze international vacancies between Asia and developingmarkets. This
will be a potential world for skilled professionals and skilled labor.
The
ability to save more, the higher disposable income or the ability to buy realestate is
important factors for experts to consider switching to a new country.
Feel “Breathe
easy” when living in Vietnam
Vietnam ranked 21st in the economic ranking, but ranked 5th when
talking about the saving ability of foreign experts.
According
to the survey from HSBC. Most of foreign experts believe that Vietnam had a
more comfortable life with less spending on housing costs (62%), travel (73%),
clothing (68%), goods and necessities (62%), essential services like
electricity, water, telephone (70%) and bills (77%).
Thus,
experts are likely to save more (68%) while living in Vietnam.
More
than half of the foreign experts (62%) said that in Vietnam they can afford to
hire a maid and nanny, something that they cannot afford while living at home
country, and can enjoy the luxury vacation (52%), compared with only 28% and
36% of global experts.
The
survey from HSBC also showed that Vietnam ranked 22nd in the
ranking on experience, but 2nd in the ability to make friends.
More than half of the foreign experts (56%) find that they integrate quickly
into life and culture of Vietnam, and the majority of foreign experts find it
easy to make new friends in Vietnam (68%).
Stabilize
the life in Vietnam is relatively easy, with 36% of the experts feel like home
once or within six months after moving to Vietnam. Most of foreign experts also
enjoy integrated into in Vietnam (61%), enjoy and cook Vietnamese foods (78%).
Vietnam
ranked 31st in the ranking about family. Almost half of the
foreign experts (43%) said that the cost of child care in Vietnam is less
expensive than at home country, and most of foreign experts (74%) send their
children to the international school.
Vietnam
is developing very fast and owns a dynamic business environment. This is an
attractive destination for entrepreneurs seeking start-up opportunity and
new business projects.
As
an emerging market, Vietnam
brings foreign experts many challenges and chances to develop career. With
significant attractions in terms of tourism, culture and people, Vietnam also brings
foreign experts wonderful experiences along with ease of integration and
stabilizes the life in Vietnam.
ANT
Consulting is here to assist you from the outset; providing corporate
intelligence, risk advisory, management
consulting services that assist market entrance, and ensure efficient business
start-up operation.
We
strive to save your cost by guiding you towards economical solutions that
comply with local legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows. We aim to bridge the gap between
international best practices and local cultures and assist foreign companies
and organizations entering Vietnam market to overcome commercial and regulatory
issues.
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