Ho Chi Minh is Vietnam’s most developed city and is at the center of the country’s economic growth. Its labor market is constantly growing and produces many job opportunities for both expats and locals. At any time there is a good selection of jobs, such as factory jobs, teaching, IT jobs, executive jobs, and so on.
This city is a very attractive destination for skilled and experienced expats. With a high domestic consumption and an increasingly FDI-friendly environment, there are a lot of opportunities to be had.
- Teaching English is one of the most common jobs for expats in the country, not just in Ho Chi Minh. Vietnam’s young population is very much into Western ideas and anything that comes from abroad. Learning English makes them closer to Western ideals. As a result, the demand for English teachers is at an all-time high. Qualified English teachers that are also fluent in Vietnamese will have a greater opportunity to land a good job which is generously paid.
- Information technology, construction, and tourism are probably the most promising sections to find a job for expats. Especially because in these trades, there is a lack of skilled workers in Vietnam. In addition, the fields of manufacturing, mining, the garment industry, and the power sector are also worth looking into.
- Executive Jobs are the best-paid jobs, but they are reserved for only the best expats. The ones with appropriate education, experience in similar executive positions, proven track record, and developed managerial skills. Many local business owners prefer a foreigner than a local manager and if you are an expat looking for that type of position you won’t mind that as it gives you an advantage over other candidates.
Ho Chi Minh’s job market is one of the most dynamic ones and is projected to grow strongly in the next few years. Westerners are in high demand right now and will be in the foreseeable future. Plus, the living costs are very low when compared to other areas of the country.
Social security contributions are divided into three elements: social insurance, health insurance, and unemployment insurance. As of 2016, only the health insurance element is applicable to expats, and only under certain conditions:
- Only expats employed under Vietnamese labor contracts have to pay these contributions.
- Expats employed by overseas companies without a local contract between them and the Vietnamese entity do not have to pay this element.
- The aforementioned expats do not have to pay any social security contributions in Vietnam.
As for the health insurance rate, the employer has to pay 3%, while the employee pays 1.5% of their salary.
Work Permits To begin working in Vietnam, expats need to secure a work permit. To do this, foreigners need to have a work contract and an employer who is willing to arrange the details for them. They will apply to the local Department of Labor, War Invalid & Social Affairs in their city. The government is currently making reforms to simplify the requirements for the work permits and extend exemptions. The last reform was implemented in April 2016.