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Why the Proposed $32,000 CEO Salary Matters for Vietnam's New Financial Hub

Why the Proposed $32,000 CEO Salary Matters for Vietnam's New Financial Hub

Why the Proposed $32,000 CEO Salary Matters for Vietnam's New Financial Hub
The proposal sets the chief executive officer’s salary at VND100‑180 million per month – roughly US$32,000 – while other senior executives would receive between tens and hundreds of millions of dong each month.
Specialists, advisers and support staff would also see higher pay, with specialist salaries proposed at VND30‑60 million and support staff at VND15‑20 million per month.
VIFC‑HCMC was launched in February 2026 with the aim of building a financial‑services ecosystem, drawing international capital and linking Vietnam’s market to global finance.
A 2026 salary survey by Navigos Group reported that CEOs of financial services, insurance and securities firms earn VND184‑419 million per month, indicating that the proposed CEO pay is below the private‑sector benchmark but far above the current highest public‑sector salary of VND11.6 million per month.
The centre’s staff have been paid from the regular operating budget since February 2026, but the city says that funding will run out in about two months. Without a special remuneration mechanism, 88 % of employees could go unpaid, raising the risk of mass resignations.
The total annual cost of the proposed salaries, benefits and bonuses is estimated at VND99.648 billion. The city will cover this amount initially, and later share the cost with the centre once it starts generating revenue.
Because a new financial hub depends on attracting professionals with international experience and language skills, competitive salaries are essential. If the pay package is seen as insufficient, the VIFC‑HCMC may struggle to recruit the talent needed to fulfil its mission.
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