View of Hanoi’s West Lake (Photo: skyscrapercity.com)Hanoi (VNA) -Vietnam has overtaken Japan, the Republic of Korea (RoK), Thailand and Taiwanon the list of most desirable locations for expat career opportunities,according to new data released from the latest Expat Explorer survey from theHong Kong and Shanghai Banking Corporation Limited (HSBC) in 2017.
The report, published on January 6, ranked Vietnam 28th on aglobal list of destinations for a successful expat career, placing the countryhigher than RoK at 38th, Japan at 36th, Thailand at 34th and Taiwan at31st.
In Vietnam, nearly four in five expats said their employmentpackage comes with benefits. China, India and RoK reported 90 percent, 89percent and 88 percent, respectively.
In relation to work-life balance, in Asia, Vietnam ranked secondwith 57 percent of expats saying that they enjoyed a superior work-lifebalance. The metric was preceded by Thailand at 60 percent and closely followedby Indonesia at 56 percent.
More broadly, expats across Asia, especially Southeast Asia, findtheir work more fulfilling than previous jobs back home. The majority of expatsin Vietnam at 52 percent, Thailand and Indonesia both at 54 percent andSingapore at 53 percent said they were more fulfilled at work since they madethe move.
“With relatively faster growth rates, a rapidly expanding middleclass and improving infrastructure, the ASEAN is becoming an excitingdestination for foreign investments which are usually accompanied by anincreasing number of expats, both from within the region and globally. We areconfident that each of the ASEAN markets can offer rewarding internationalcareer prospects,” said Sabbir Ahmed, head of Retail Banking and WealthManagement, HSBC Vietnam.
Expats in Vietnam have been well compensated through highersalaries, almost 50 times more than the average wage in their countries, asemployers place higher value on retaining foreign employees.
The careers league table scores and rankings are based on eightcriteria: skill acquisition, career progression, job security, earnings,benefits packages, work-life balance, work culture and fulfilment at work.
According to HSBC’s Expat Explorer survey, Europe is rated thebest destination worldwide for those looking to progress their career abroadand benefit from great working conditions.-VNA
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