Vietnam’s economy is growing year on year. Last year it reached a record growth of 7.08%, while in the last ten years it was in around 6%. Its 2018 income per capita reached $2.725. Adding to the fact, there were $19.1 billion foreign investments in 2018 and a 10% annual increase in foreign investments per year in the last five years. Many people are looking at Vietnam as the next big economy in Asia.
Foreigners with background and education in finances may find Vietnam full of excellent opportunities. There are all sorts of jobs for finance people: CFO’s, real estate investment advisers, credit managers, accountants, and so on. Vietnam’s economy is firing on all cylinders and the finance sector is in the middle of that growth. Here are some of the most popular finance jobs in Vietnam for foreigners.
Chief Financial Officer – CFO
Vietnam’s startup scene is not as big as other economic branches, but it is on the rise. Last year, the value of the start-ups in Vietnam stood at $500 million, with more than 85% from foreign investors and funds. Almost all of the western investors ask for a western educated chief financial officer that understands the specifics of start-up funding and money management. In most cases, that leads to a westerner that has already been involved in the start-up scene and is willing to work abroad, in this case, Vietnam. Some of the more famous start-ups in Vietnam are EKID Studio Group, GaraSTEM, Robot3T, EyeQ Tech, Surful, AntBuddy, BTaskee, Edu2Review, and others.
Real Estate Investment Consultant
The 7% economic growth is the direct cause for 1.5 million Vietnamese joining the middle class each year. As a result, there is an increase of 77% in applications for home loans each year in the last five years. According to a report by RNCOS, 70% of the entire population is not living in a home of their own. Those are numbers that shout opportunity to anyone interested in real estate. Real estate investment consultants are in high demand and wanted by many companies like Colliers International, Central Vietnam Reality, JLL Vietnam, JLL Hanoi, Vietnam Property VMS, and many more.
Most of the major banks are always scouting for credit managers with a proven track record and are interested in relocating to Vietnam. The ideal credit manager needs to have at least several years of experience in the credit sector and should be capable of doing credit evaluations and credit approval, generate credit reports, analyze the market, and all things related to credit management. Again, many banks insist on having at least one or several westerners on their credit teams.
Other finance jobs in Vietnam for foreigners include:
- Cost & Management Accounting Manager
- Risk manager
- Finance controller
- Audit manager
- Quantitative analyst
- Stock Traders
- Regulatory compliance officer
Both foreign investors and local businessmen in Vietnam appreciate the skills and input of a westerner with a background in finances. There is no reason why not to take advantage of that and get a well-paid job in Finance in Vietnam. The money is good, the climate is excellent, the people are friendly.