Average Salary in Vietnam

Table of Contents

How much money does a Vietnamese worker make?

The average monthly salary in Vietnam is roughly 17,200,000 VND for a full-time worker. From 4,360,000 to 76,900,000 VND a year, salaries are offered.

This is the typical monthly wage, which includes accommodation, transportation, and other perks as part of the package. The earnings potential of many professions varies enormously. The salary also depends on the industry, qualifications, and experience.

Generally speaking, the higher the position, the higher the salary. For example, a CEO of a major corporation can make millions of VND per year while a factory worker may only make a few thousand VND per month.

The minimum wage in Vietnam is 3,980,000 VND per month. This is the lowest amount that an employer can legally pay their workers. The minimum wage does not apply to all workers, however.

Some workers are exempt from the minimum wage including domestic workers, people with disabilities, and students who are working part-time. There are also regional variations in the minimum wage with businesses in big cities required to pay more than those in rural areas.

The average salary in Vietnam is increasing every year as the economy continues to grow. While salaries have not reached Western levels yet, they are still much higher than they were a few years ago and show no signs of slowing down.

Vietnam’s Salary Structure

Salary Levels

There are salaries in Vietnam ranging from 4,360,000 VND to 76,900,000 VND a month, depending on the employer. The average salary is 21,780,000 VND a month.

Median Earnings

Only half of the population earns less than 16,200,000 VND each month, while the other half earns more than that amount. The median earnings in Vietnam are 16,200,000 VND. The mean salary in Vietnam is 20,690,000 VND per month.

The top 10% of earners make more than 36,400,000 VND each month. The top 1% of earners make more than 72,800,000 VND each month.

The bottom 10% of earners make less than 8,100,000 VND each month. The bottom 1% of earners make less than 4,050,000 VND each month.

Percentiles

In the country, 25% of people earn less than 9,240,000 VND, while 75% earn more than that. The top 10% of earners make more than 36,400,000 VND. The bottom 10% of earners make less than 8,100,000 VND each month.

In terms of compensation, what is the difference between the average and the median?

Both the average salary and median income are indicators because of their popularity, but there is a distinct difference in the way that each one is used to measure data. The average salary is calculated by adding all of the incomes together and then dividing that figure by the number of people.

Median income, on the other hand, is the value that is exactly in the middle when all of the salaries are listed in order from lowest to highest.

The median income is often used as a better indicator because it is less easily manipulated than the average salary. For example, if one person in a group of five earns an extremely high salary, this would skew the average upwards significantly, even though the rest of the group may have relatively low incomes.

Comparison of Vietnamese Wages based on Years of Experience

Over time, how does a person’s wage change?

In Vietnam, a person’s wage will increase as they gain more years of experience. The following table shows the average salary for various levels of experience:

0-5 years: VND 22,818,333 per month
5-10 years: VND 26,935,556 per month
10-15 years: VND 31,752,778 per month
15-20 years: VND 37,285,000 per month
20+ years: VND 44,616,667 per month

From the above data, we can see that a person’s wage will increase steadily as they gain more work experience. The biggest jump in salary occurs between 0-5 years and 5-10 years, where the salary increases by almost VND 4 million per month. This is likely due to employees becoming more skilled and efficient as they gain experience.

Interestingly, the wage growth slows down after the 10-15 year mark. This could be due to employees reaching their career peak and not seeing much further room for growth. Nonetheless, salaries still increase at a healthy rate of around VND 6 million per year for those with 15-20 years of experience.

For those with 20 or more years of experience, the average salary is a whopping VND 44 million per month. This shows that there is still significant potential for wage growth even after 20 years on the job. Clearly, experience is highly valued in Vietnam’s workforce.

Salary Comparability in Vietnam by Education Level

What is the relationship between a person’s degree of education and the amount they make?

In Vietnam, the average salary for someone with a high school education is VND 1,560,000 per month. For someone with an undergraduate degree, the average salary is VND 2,040,000 per month. Finally, for those with a graduate or postgraduate degree, the average salary is VND 2,480,000 per month.

There is a clear relationship between education level and earnings in Vietnam. Those with higher levels of education earn more than those with lower levels of education. This is to be expected, as employers are often willing to pay more for employees who have the skills and knowledge that come with higher levels of education.

However, it is important to note that the salary differentials between education levels are not as large as they are in many other countries. In Vietnam, high school education is still worth quite a bit, and those with undergraduate degrees only earn about 20% more than those with high school degrees.

This is in contrast to countries like the United States, where the difference between a high school degree and an undergraduate degree can be as much as 50%.

The relatively small salary differentials between education levels in Vietnam may be because the country has a large number of highly educated workers. In 2018, 56% of Vietnamese adults had completed at least upper secondary education, which is one of the highest rates in the world.

As a result, employers may not need to pay as much to attract and retain workers with higher levels of education.

Comparing the Pay for Men and Women in Vietnam

On the whole, men workers in Vietnam earn 11% more than their female colleagues. However, when we compare specific job roles, this difference is not always so clear-cut.

For instance, in the field of education and training, women earn 15% more than men. The biggest pay gap between genders exists in the management sector where women earn 35% less than their male counterparts.

In terms of geographical location, workers in Ho Chi Minh City earn the highest salaries on average, followed by those based in Hanoi. Workers in other parts of the country such as Hai Phong and Can Tho earn significantly less. When it comes to gender, location and job role, there are significant differences in average salaries across Vietnam.

However, on the whole, men workers in Vietnam earn 11% more than their female colleagues. This difference is most notable in the management sector where women earn 35% less than their male counterparts.

Vietnam Average Annual Salary Increase Percentage

Is there a yearly increase in wages in Vietnam? How frequently do workers get raises in their salary?

Workers in Vietnam may expect to get a 9% raise every 17 months. This average is based on the experience level of the worker.

For example, a worker with 1-4 years of experience would likely see a 4.8% salary increase, while a worker with 20 or more years of experience could expect to see an 11.2% salary increase.

The table below shows the average annual salary increases in Vietnam by experience level:

Level of Experience Average Annual Salary Increase (%)

1-4 years – 4.8%
5-9 years – 7.6%
10-19 years – 9.3%
20+ years – 11.2%

Industry-specific Annual Increment Rates for Vietnam in

Information Technology – 6%
Banking – 4%
Education – 3%
Hospitality – 2.5%
Sales – 2%
Manufacturing – 1.8%

Vietnam has a very diverse economy, with different industries growing at different rates. The average salary in Vietnam will therefore vary depending on what industry you work in.

Rate of Salary Increase in Vietnam by Experience Level

Junior-level workers in Vietnam may expect a salary increase of 3-5%. While senior-level workers can see their salaries grow by up to 10%.

As a general trend, salaries in Vietnam have been increasing steadily over the past few years. Junior-level workers may expect a salary increase of 3-5%, while senior-level workers can see their salaries grow by up to 10%.

However, it is important to note that these figures are only averages, and actual salary increases will vary depending on individual performance, skill set, experience level, and employer.

So, if you’re looking for a salary increase in Vietnam, be sure to negotiate based on your merits!

Rates of Bonus & Incentives in Vietnam

How frequently are bonuses given?

In a poll conducted in Vietnam, 51% of employees claimed they had received no bonuses or incentives in the previous year, while 49% said they had.

Some 3-5% of a person’s yearly pay was reported by those who received bonuses. Bonuses are given to motivate employees and help retain talent. They may be based on individual or company performance.

Incentives are often given to employees who have gone above and beyond their job duties (e.g. making sales goals or meeting customer service targets). They can be in the form of cash, vouchers, extra vacation days, or other perks.

It’s not uncommon for employers in Vietnam to give bonuses and incentives to their employees. In a poll conducted by Vietnam works, 51% of respondents said they had received no bonuses or incentives in the previous year, while 49% said they had.

Types of Bonuses

Compensation Based on Employees’ Success

Bonuses like this are given when an organization does well and the employees have helped contribute to this success. The amount of money each employee receives is based on their job position, skills, and experience.

Companies often give out bonuses as a way to reward employees for their good work. This type of bonus is typically given out at the end of the year, but some companies may give it more often.

Company Performance-Based Bonuses

This type of bonus is given to employees based on how well the company performed during a certain time. This could be quarterly or annually. The amount of money each employee receives is based on their job position, skills, and experience.

This type of bonus is a great way to motivate employees to do their best and help the company reach its goals.

Goal-based Incentives

This type of bonus is given to employees when they reach a certain goal. For example, if an employee helps increase sales by 10%, they may receive a bonus. The amount of money each employee receives is based on their job position, skills, and experience.

This type of bonus is a great way to motivate employees to reach specific goals. It also allows employees to share in the company’s success.

Holiday / Year-End Bonuses

This type of bonus is given to employees at the end of the year or during a holiday. The amount of money each employee receives is based on their job position, skills, and experience.

This type of bonus is a great way to show appreciation for employees’ hard work throughout the year. It’s also a nice way to give employees a little extra money during the holidays.

Comparing Bonuses in Vietnam based on Career Field

Does a job warrant a large pay and bonuses?

It is difficult to argue that some jobs are more crucial than others. However, when it comes to paying and bonuses, there are some clear differences between career fields.

Some jobs are more likely to offer bonuses than others. For example, executives and managers are more likely to receive bonuses than entry-level employees. This is because their position within the company gives them more responsibility and they are often able to negotiate a higher salary

Sales jobs are also more likely to offer bonuses than other types of jobs. This is because employees in sales positions are often responsible for meeting targets and generating revenue for the company. As such, they are often rewarded with a bonus for their performance.

Finally, jobs that require skills that are in high demand are also more likely to offer bonuses. This is because employers are willing to pay more to attract and retain employees who have these skills.

Seniority Level Bonuses Compared

Senior workers in Vietnam earn a significantly higher bonus compared to their junior colleagues – around VND 2,360,000 per year for entry-level employees and VND 4,470,000 per year for senior-level workers.

The average salary in Vietnam is quite low when compared to other developed countries. For example, the average salary in Vietnam is only one-third of the average salary in Australia.

However, when comparing salaries across different industries, it is clear that some sectors are much better paid than others.

The highest-paid workers in Vietnam are those working in the oil and gas industry, where salaries can be as high as VND 20 million per month (around USD 860). Other well-paid sectors include banking, information technology and telecommunications.

Pay for High-Potential Careers

Architecture

Architect – 21,700,000 VND
CAD Drafter – 8,750,000 VND
Construction Manager – 19,040,000 VND
Civil Engineer – 18,780,000 VND
Environmental Engineer – 17,690,000 VND
Geologist – 12,960,000 VND
Landscape Architect – 9,540,000 VND

Information Technology (IT)

Database Administrator – 15,750,000 VND
Graphic Designer – 11,880,000 VND
IT Manager – 34,560,000 VND
Network Administrator – 13,770,000 VND
Programmer Analyst – 14,520,000 VND
Software Developer – 20,070.00 VND
Systems Analyst – 16790.00V ND

Marketing and Sales

Advertising Manager – 25,920,000 VND
Brand Manager – 23,040,000 VND
Market Research Analyst – 15,540,000 VND
Marketing Communications Specialist – 13,180,000 VND
Sales Manager – 26680.00V ND

Healthcare

Anesthesiologist – 30,560,000 VND
Cardiologist – 40,070,000 VND
Dentist – 36,340 VND
Medical Laboratory Technician – 7,980,000 VND
Nurse Anesthetist – 28,540 VND
Obstetrician/Gynecologist – 27,480 VND
Pharmacist- 17,280,000 VND

Human Resources (HR)

Compensation and Benefits Manager- 23,430 VND
Director of Human Resources – 37,560 VND
Employee Relations Manager – 25,950 VND
Training and Development Manager- 24590.00V ND

Public Administration

City Manager – 36180.00V ND
Urban Planner – 19,780,000 VND
Controller (Government) – 34,190 VND
Lawyer/Attorney – 38,280 VND

Comparison of Salary by City

Thanh Pho Ho Chi Minh workers earn about 19,500,000 VND per month on average, which is about 860 USD. This is the highest average salary in Vietnam.

Ha Noi comes in second with an average salary of 18,400,000 VND per month (approximately 790 USD), and Da Nang rounds out the top three with an average salary of 16,300,000 VND per month (approximately 700 USD).

Keep in mind that the cost of living in Thanh Pho Ho Chi Minh is greater than in most other cities, even if it has the highest average pay.

Compared to Thanh Pho Ho Chi Minh, lunch for two at a mid-range restaurant costs roughly 200,000 VND (8.60 USD), whereas the same meal costs just 150,000 VND (6.45 USD) in Ha Noi.

Before making any judgments on salary, take into account the cost of living in each city.

Vietnam’s Standard Hourly Wage

In Vietnam, the average hourly earning is 99,300 VND. The minimum wage is 22,000 VND per hour and the maximum is 110,000 VND. The average monthly salary in Vietnam is about 2,560 USD.

The minimum wage in Vietnam is 300 USD and the maximum is 1,300 USD. Salaries in Vietnam’s major cities vary widely between industries and professions.

For example, an unskilled factory worker in Ho Chi Minh City may earn as little as US$150 a month while a foreign executive working for a multinational company based there could earn more than US$10,000.

The Salary Differences Between the Government and Private Sector

Employees in Vietnam’s public sector earn, on average, 8% more than their private-sector colleagues. The average salary in the public sector is VND 9.3 million (US$405), compared to VND 8.6 million (US$375) in the private sector, according to data from the Vietnam General Confederation of Labor.

The average wage in Vietnam has increased steadily over the past few years. In 2018, the average wage was VND7.4 million (US$322), an increase of 10% from 2017. The minimum wage also increased by 10%, from VND3.5 million (US$153) to VND3.9 million (US$169).