Singapore labor export market 2024

Singapore’s labor export market is growing strongly, especially in the context of the global economic recovery after the pandemic. Singapore is not only famous for its stable economy but also one of the countries with the highest standard of living in the world. This makes the demand for recruiting foreign workers in Singapore increase.

Singapore is one of the largest financial centers in the world, with a diverse and rapidly developing economy. This country has many industries that are lacking labor, from information technology to construction, healthcare and services. The Singapore government has implemented many policies to attract foreign workers, creating favorable conditions for workers to work here.

Labor demand in Singapore is very diverse, including both unskilled and skilled workers. Industries such as engineering, healthcare, hotel services, and construction all need a large workforce. In particular, Singapore is looking for highly skilled and qualified candidates, so if you have a degree or professional certificate, your job opportunities will be higher.

In 2024, it is forecasted that the number of Vietnamese workers exported to Singapore will continue to increase. This is not only due to labor demand but also due to improvements in quality of life and attractive salaries in Singapore. Workers are increasingly aware of the benefits of working abroad, thereby deciding to export labor to increase income and accumulate experience.

Cost and salary are two important factors that anyone intending to export labor to Singapore needs to consider carefully. Understanding the costs will help you prepare better before starting your journey to work abroad.

The cost of exporting labor to Singapore can vary depending on the industry and brokerage company. Some of the main costs you need to be aware of include:

Exam deposit: This is a necessary fee to ensure that you do not automatically cancel the contract. This fee usually ranges from under 1000 USD/person and will be refunded after you complete the recruitment test.

Exit fee: This fee usually ranges from 4500 to 7000 USD, depending on the order and industry. Compared to other markets, the cost of exporting labor to Singapore is still considered reasonable.

The basic salary in Singapore is also one of the factors that attract workers. This salary usually ranges from 1200 SGD to 1600 SGD (equivalent to about 19 – 27 million VND/month). However, this number can vary depending on the industry and working hours. If you are diligent and work overtime, the salary can be up to 36 million VND/month.

Compared to other countries such as Japan or Germany, the cost of exporting labor to Singapore is somewhat lower. However, the salary in Singapore is not inferior to other developed countries. This makes Singapore an attractive choice for many Vietnamese workers.

To be able to export labor to Singapore, workers need to meet certain conditions. These requirements are not only related to age but also education and health.

Workers need to be between 18 and 45 years old and have at least graduated from high school. Depending on each order, some positions may require a college or university degree. This is to ensure that workers have enough knowledge and skills to work effectively in a professional working environment.

Health is an indispensable factor. Workers need to be in good health to meet job requirements. In addition, the ability to communicate in English or Chinese is also essential, especially for positions that require a lot of interaction with customers or colleagues.

Singapore recruits many different occupations, from general labor, food, agriculture to mechanics, chefs or office workers. Each occupation will have its own specific requirements, so workers need to learn carefully before applying.

Working in Singapore has many benefits but also many challenges. Below are some of the advantages and disadvantages that workers may encounter when exporting labor to this country.

One of the biggest advantages of working in Singapore is the high standard of living and good living conditions. You will enjoy the same benefits as local people, from health insurance to vacation. Moreover, Singapore is a safe country with a clean and stable living environment.

Singapore is also a place with many career development opportunities. You can learn and accumulate experience from a professional working environment, thereby expanding your promotion opportunities in the future. In addition, the close geographical distance also makes it easy for you to visit your family during the holidays.

However, not everything is easy. One of the biggest difficulties is living far from home and relatives. This can cause feelings of loneliness and psychological pressure. In addition, the cost of living in Singapore is also quite high, ranging from 400 to 600 USD per month, making it more difficult to save.

In addition, workers also need to pay attention to choosing a reputable brokerage company. Currently, only a few companies are allowed to recruit workers to export to Singapore. Therefore, it is very important to research carefully before deciding to avoid losing money.

Exporting labor to Singapore is an attractive option for many Vietnamese workers. With high salaries, good living conditions and many career development opportunities, Singapore is truly an ideal destination. However, workers also need to carefully prepare for costs, conditions and difficulties that may be encountered. Hopefully this article has provided you with useful information to make the right decision in your labor export journey.