HSBC surveys also reveal expats in Vietnam save more than elsewhere in region after moving to country.
Vietnam tops the regional league table with 67 per cent of expats in the country seeing an increase in their disposable income and 68 per cent increasing the amount they save, according to the most recent survey by HSBC on expats’ savings. Sixteen per cent are able to own additional property as a result of moving to Vietnam.
Expats mostly work in the fields of education (27 per cent), marketing (16 per cent), and banking (11 per cent) in Vietnam.
“We can only expect the intra-Asian expatriate wave to strengthen with further growth and economic integration in the region,” said Mr. Justin Bull, Head of Premier Wealth, HSBC Expat, Hong Kong. “As ASEAN moves closer to economic cohesion, skilled labor will be needed to raise the region’s competitiveness.”
In another survey, HSBC’s Explorer, there are other analyses of expat lives around the world, with indicators including the Expat Explorer overall league table, the Economics league table, the Experience league table, and the Family league table.
In the Expat Explorer overall league table, Vietnam ranked 21 out of 39. The table ranks each country using a score that summarizes expats’ overall view of the country they live in. The Expat Explorer overall score is the average of the Economics, Experience, and Family scores, covering 27 key criteria from the survey.
In the Economics league table, Vietnam also ranked 21 out of 39. This is based on personal finances, the local economy, and working life.
In the Experience league table, Vietnam ranked 22 out of 39. The table ranks each country or territory using a score that summarizes expats’ views on questions concerning the experience they have in their adopted country (lifestyle, people, and setting up).
In the Family league table, Vietnam ranked 31 out of 39. This is based on expat views on relationships, education - childcare, and raising children.
The Expat Explorer findings are based on a global survey completed by 21,950 expats around the world. The research was conducted online by YouGov in March, April, and May this year. An expat is defined as an adult over the age of 18 who is currently living away from their country of origin.