Menu
Expat.com
Search
Magazine
Search

Getting paid in AUD or Vietnamese currency

Hi,

I am about to work in an English school in Vietnam, I am Australian and question if it’s better to get my salary in AUD directly to my Australian account or opening a Vietnamese account. Thanks

2 members reacted to this post
See also

@Vee2021

  Hello. Coming from an Australian, that question is a little weird. It is also strange that a Vietnamese employer offered you the choice. Here are my comments why:

First, even if paying into your Australian account were possible (but it is not in your specific mentioned case) , you should keep in mind the salary deductions due to international transfer fees.

Second, I assume you will be sponsored by your employer for a Working Visa, not a Business Visa. This means your labor contract will be issued by a company registered in Vietnam and under Vietnamese Labor Law, which dictates that salaries can only be paid in VND (Vietnamese Dong).

If you want to receive your full salary in Australia , the only way is to issue a contract by you (or tripartite by the English headquarters) for your professional services to the Vietnamese customer, and they will sponsor you for a short-term Business Visa instead, and remittance fees are up to them. This is legal, but a bit twistted if your visa has to be frequently renewed and having the nature of the job. Therefore, do not make it a bubble

1 member reacted to this post

@Vee2021

Were you given the option of where you would like to have it paid?

Looking for the best job opportunities in Vietnam?
Contact a recruitment agency

in addition to my previous collab, let's suppouse the employer and the expat find a way to pay the salary directly to a bank account abroad: Do you already have considered the "what if" your account gets inactive? (lost card, expired PIN, etc). You have to know in advance how to resolve them, fees and times.

Sharing my personal experience, I prefered to avoid that risk, and do remittances by myself (the fee is about 40 usd) whenever I want, instead to be deducted monthly in the payroll, or even that fee were up to the employer

Further reading