Vietnam considered promising host country for expats: HSBC survey By Minh Tam A foreign director of a manpower company, which opened its representative office in HCMC in May 2018, speaks at an event held by the company – PHOTO: TUONG VI HCMC – Vietnam ranks second among six surveyed ASEAN countries and 19th globally as a country where expats are eager to live and work in the 11th annual Expat Explorer survey by Hongkong and Shanghai Banking Corporation (HSBC). Expats in Vietnam revealed that they earn on average US$90,408 annually, with 31% of them seeing an income rise of 25% or more, according to the survey released today, November 7. Vietnam ranks first globally with nearly three quarters (72%) of respondents stating that moving to Vietnam helped them save more, while 72% also agreed that they now have more disposable income than they did in their home countries. The most popular purpose for their savings or investments is still retirement (43%), followed by buying their first or an additional piece of property (30%). A quarter (26%) of respondents said they own property in Vietnam. Expats experience other material benefits by moving abroad. More than half (55%) of expats in Vietnam stated that they take more holidays; many also live on a better piece of property (41%), have more household staff (39%) and spend more on their children’s education (16%). The top three reasons why expats move to Vietnam are finding a new challenge (26%), progressing their career (26%) and improving… [Read full story]
Leave a Reply