Vietnam Labor Market 2023 - Latest Labor Law, Hiring Locals and Foreigners, Salary, and Expectations

Vietnam has one of the most dynamic labor markets in the region, if not worldwide. A predominantly young and increasingly well-educated workforce adds to the country's attraction to foreign direct investment. Despite the abundance of labor, it is still important to note that the labor market in Vietnam clearly leans towards the interests of employees. This requires employers to mind several distinct realities, such as shorter probation periods prevailing in the market, numerous unwritten benefits that employees expect, as well as the fierce competition for talent. The expectations of generation Z additionally challenge companies with traditional structures.

Finally, the growing trend of foreign experts intending to work in Vietnam has also created additional requirements that foreign firms need to be aware of. As the hiring season traditionally peaks after the Vietnamese Lunar New Year, with high turnover in February and March, firms can prepare for this season by being well-informed on the recruiting landscape in Vietnam.

In our webinar, Filippo Bortoletti, Country Director of Dezan Shira & Associates Vietnam, and our guest speaker Ivan Loo, Associate Director of Talentvis Vietnam, will give you an overview of

• Vietnam’s labor law basics
• Distinctions in labor law between local and foreign employees
• Overview of the local labor force and qualifications
• Salary expectations for skilled labor
• Additional benefits to increase employee retention

The webinar is free of admission.

If you have any questions beforehand, please get in touch with Julia Goeb at julia.goeb@dezshira.com.