[QQ] After assuming the post of CEO at a securities firm where the State still holds a dominant stake and receiving a monthly salary of VND10 million at the peak, he quit his job citing health concerns. However, his next job is by no means less stressful, for he holds the same position in another firm and earns US$12,000 per month, probably the highest pay in securities firms. Above is just one of the examples that illustrate the concerns shared by many securities firms in Vietnam with regard to human resources. These companies are generally in need of CEOs and stock brokers. Brokers must have certificates issued by the State Securities Commission and undergo training to familiarize themselves with the working culture at securities firms. The criteria for selecting CEOs are even more stringent. Two years before its official operation, a joint venture in the securities market had to contact the CEO of a big securities firm, sent him to training courses in Singapore and offered him the same pay as it would offer his counterparts in the island nation. (more…)
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