Job Scenario and Residency Process in Vietnam

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Category: Study Destinations
Posted on September 26, 2019
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Vietnam is the easternmost country situated on the Indo-china Peninsula in Southeast Asia. China borders the country on the north, Laos on the northwest, Cambodia on the southwest, and the South China Sea on the east. The country is known for its breathtaking natural beauties, golden beaches, rivers, bustling cities, incredible heritage, mouthwatering cuisine, and several Buddhist pagodas.

An individual who is planning to go abroad and is considering Vietnam as one of the options, then I hope this blog will be helpful for you. Vietnam is the most favored destinations among the expats. They are attracted to this country due to its lovely weather, low cost of living, and lively culture. In this blog, I will discuss the job scenario in the country and how to get permanent residence in Vietnam. So without any further delays, let's begin.

Looking for employment in any foreign country can be a tiring process. So it is always good to do some research about a few essential things. These are the economy of the country, job market, and the probable areas to look for employment — lastly, the local language of the country.

Vietnam has gradually moved from a centrally planned to a market economy. As a result, Vietnam became one of the most promising countries in the East Asia region. The economy of the country continues to rise with support of the strong domestic demand and export-oriented manufacturing. The Vietnamese job market is not very open to foreigners. The companies and the local business prefer to recruit local people. Besides this, to hire foreigners, the employers have to prove that the skills required for the job were not available locally. Foreign companies in the country are also allowed to recruit more than 3% of foreign employees. Working in Vietnam as a foreigner, one should have a good command of English along with some knowledge of Vietnamese.

Let's talk about the areas where one can search for the job opportunities

·       Banking

In Vietnam, most banks are the largest and owned by the state. The leading banks in the country include VietinBank and Vietcombank that dominates the banking sector in the country. 

  • Information and Communication Technology (ICT)

The growing economy resulted in the development of the ICT sector, leading to the integration of Vietnamese companies globally. The ICT sector is still a key growth priority for the Vietnamese government. There are several job opportunities for foreigners in this sector due to the lack of a skilled local workforce.

  • Electronics

The electronics sector of Vietnam is growing gradually every year. It is one of the contributors to the economy of the country. Foreign companies like Samsung and Panasonic dominate the electronics industry. 

  • Construction

An increase in foreign investment led to a boom in this sector with large numbers of high rising apartments and office space, built mainly in the urban cities. The construction industry directly contributes 39% of the GDP. The policies by the government are the significant growth driving factor for this industry.

  • Mining

Mining is among crucial contributors to the economy of the country. Vietnam has around 7% of the world's bauxite reserves as well as tungsten, titanium, phosphate, coal, and iron ore. One sector that has greatly benefited in this sector is the steel industry.

  • Tourism 

Tourism plays a vital role in contributing to the economy of Vietnam. Vietnam has emerged as an attractive destination for tourists from different parts of the world. 

  • Hospitality

With the expansion of tourism, the hospitality industry also witnessed a boom. As a result, creating more job opportunities in the country. In Vietnam, more than a third of the GDP is generated by the service sector, which includes transportation and hotel and catering industry.

  • Healthcare

Demographic changes, rise in income, and economic growth have led to a growing demand for healthcare services in Vietnam. The country has a shortage of skilled medical professionals. So, one with excellent skills and qualifications can look forward to a career in this sector in Vietnam. 

  • Food Processing

Vietnam is a hub of food processing which deals with the high demand for processed food from both local and international markets. Agricultural and sea products dominate the food industry. These products are canned and shipped globally. The sector accounts for 40% of Vietnam's export and directly contributes to the economy of the country. The abundance of raw materials has led the country to the top in the export of rice, coffee, and cashew nuts, among other food products.

  • Textile and Garments

It is among the leading export industries of Vietnam. There are nearly 6000 textiles and garments manufacturing companies that employ around 2.5 million workers. Within ASEAN, Vietnam is the most active competitor for inheriting low value-added textiles and apparel manufacturing from China. 

  • Retail

Increasing purchasing power, changing lifestyle, and the influence of western culture are some of the key growth drivers for the retail sector. With Vietnam market opening to foreigners, several retailers such as Metro Cash & Carry and Lotte Mart changed the landscape of modern retail in Vietnam. Some foreign retailers are expanding their distribution networks to rural regions.

Besides this, one can always look for vacancies in the multinational companies established in the country. Some of these companies are:

  • Cannon
  • Nissan
  • Bridgestone corporation
  • Hanes
  • Anheuser-Busch 
  • GE 
  • Nike 
  • Intel
  • Hewlett-Packard
  • IBM
  • Nokia
  • Samsung
  • Panasonic

Where to look for these vacancies

  • Internet: Vietnamworks, monster, Asiaco jobs, job street
  • Newspapers and Magazines
  • Recruitment Agencies
  • Networking
  • Applications directly to the companies

CV and application

An application usually comprises of a CV, a cover letter, and relevant certificates. A cover letter should be short, not be more than a page, as some recruiters don't even consider applicants with longer cover letters. The CV should be chronological, starting with your most recent job. One should modify their CV as per the applied position and emphasize on skills that are relevant to the applied position. 

Working Hours

As per law, an employee is supposed to work for 48 hours per week (Monday- Friday and half days on Saturday). 30% extra is paid to the employees doing the night shifts. Overall one can work overtime for a maximum of 200 hours in a year. The employee enjoys a minimum of twelve days of annual leave and nine public holidays. 

Now once you get a job in Vietnam, the next thought that comes to mind is how to process things further. So let's discuss this.

Anyone who wants to study, live, and work in any foreign country will need a visa and the residence permit. 

Please note for visa-related queries, please visit:

https://planall.com/blog/visa-guidelines-for-vietnam

Permanent Residence in Vietnam

Article 13, Item 1 of Ordinance No. 24/2000 that talks about the entry, exit, and residence of foreigners in Vietnam, and who apply for a Permanent Residence Card (PRC).

Eligibility

· Freedom fighter who struggled for freedom and national independence, for socialism, democracy, and peace or the for science, and have been subject to suppression.

· One who contributed to the cause of building and protecting the Vietnamese Fatherland 

· One who is a spouse, child or parent of a citizen of the country

Documents Required

For those applying for PR on the bases of the first two categories, mentioned above

· Four recent passport size photographs 

· CV written by the applicant

· A valid passport

· Work permits, 

· Employment contract 

· The business license of the employer

The application for a Permanent Residency Card (PRC) is processed within one month after the receipt of the completed documents. 

For those applying as the spouse, children, and parents, documents required are

· Four recent passport size photographs 

· Legal profile certified by the applicant's home country of residence

· Official note by a competent agency of the home country, asking the Vietnamese authorities to allow the applicant to reside in Vietnam permanently

· Proof of relationship with a citizen of Vietnam, such as birth certificate, marriage certificate, or family record book.

· A Valid passport

· Other related documents as asked by Vietnamese immigration officials

Please Note: All documents must be notarized and translated into Vietnamese.

The application processing time for a Permanent Residency Card takes around 6-9 months after the receipt of the completed documents. 

A PRC is valid for three years and is renewable every three years 

Vietnam is becoming popular as a destination to live and work among the foreigners due to a comfortable lifestyle, low cost of living, safe environment, lively culture. 

Well, I hope it was informative enough and will guide you in opting for the options where your skills and talents can flourish.

All the best 


Saumya Gusain
Saumya Gusain

A history student with postgraduate in archaeology and heritage management, gave me a good experience in field of research and writing. Avid reader, loves to explore new places. Baking cakes and breads are my hobby. Mother of four year old who takes most of my time..

Piyansh Roy
September 30, 2019 - 07:57am
Piyansh Roy September 30, 2019 - 07:57am

Awesome....Thanks for sharing.

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