The average salary of a company director in Vietnam is VND 2.5 billion or US$101,482 according to an analysis of 200 publicly listed companies performed by FiinGroup. The study also found that salaries of the directors at state owned enterprises–or SOEs–were much lower, coming in at VND 1.4 billion or US$56,830 a year.
Notably, earlier this year the Prime Minister of Vietnam, Pham Minh Chinh, suggested SOEs should consider foreigners for executive positions. He went on to say that better remuneration packages and higher salaries would be key. There has, however, been little more said about this idea.
This latest development adds some context to the Prime Minister’s remarks and suggests that improvement in remuneration would need to be sizable.