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In 2023, Vietnam's export industry was sluggish due to slowing demand from Europe, the U.S., and China, and there was a wave of restructuring among both local and foreign companies in the manufacturing and real estate sectors. On the other hand, it is a fact that we began to see articles and columns in the media reporting that the economy is gradually showing signs of recovery in 2024. In fact, Alive Vietnam has been receiving an increasing number of inquiries from companies wishing to market their products and services to the Vietnamese market.
[2023] Guide to Vietnam’s Salary Trends and Strategies for Attracting Top Talent
Vietnam is expected to continue experiencing long-term economic growth. In recent years, the rising labor costs in Vietnam, coupled with the impact of the weak yen, have made "securing good talent at reasonable costs" one of the key challenges. Therefore, we have compiled various currently available data to provide an overview of "Vietnam's salary trends and what Japanese companies should do now to attract top talent."