Ho Chi Minh City proposes up to VND850 million monthly salary for IFC CEO
Ho Chi Minh City proposes a market-rate salary framework up to VND850 million per month for its International Financial Center executive body, earmarking US$3.8 million annually to attract global talent.
Ho Chi Minh City is proposing a market-rate salary framework for the International Financial Center (IFC) executive body, which could offer up to VND850 million per month, equivalent to over US$32,500. This proposal includes a CEO salary ranging from VND450 million to VND850 million per month. The municipal government's aim is to attract top international financial talent, as current salaries are uncompetitive.
The proposed framework covers various roles, with standard positions ranging from VND140 million to VND200 million per month, and executives like the CEO from VND450 million to VND850 million. Support personnel would receive between VND15 million and VND20 million monthly. The city estimates a budget of VND99.65 billion (US$3.8 million) annually for the new compensation scheme, primarily funded from the Ho Chi Minh City budget.
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