If your salary is higher than both the average and the median then you are doing very well. Vietnam Briefings Doing Business guide provides vital economic, geographic, and regulatory insights for business investors, managers, or expats to understand Vietnams. Hourly jobs pay per worked hour. Restaurants are everywhere and that's the reason why so many rats here. Experienced professionals tend to be better informed about the average salaries in the market. Gambling has been illegal in Vietnam for the bulk of its modern history. However, in many regions, the minimum wage is significantly higher. It's important to note that during this period, any salary increases are unlikely, assuming ongoing employment. Average Salary in Ho Chi Minh City, Vietnam - SalaryExpert Sign up for your complimentary subscription to our weekly newsletter here. The average wage in Hanoi is of 410 US dollar as of 2020, while the average salary in Ho Chi Minh is of 395 US dollars. 51% of surveyed staff in Vietnam reported that they haven't received any bonuses or incentives in the previous year while 49% said that they received at least one form of monetary bonus. What's the low to average cost to cremation and burial cost in HCMC in 2021? Please contactvietnam@dezshira.comor visitour website atwww.dezshira.com. Please contact us directly, Business organizations urge fast ratification of EU-Vietnam FTA, Japanese corporations to build a smart town in Vietnam. Employment in Vietnam - statistics & facts | Statista It is not easy to provide a figure with very little information, so take this range with a grain of salt. If you are interested in the salary of a particular job, see below for salaries for specific job titles. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. Listed above are the average annual increase rates for each industry in Vietnam for the year 2022. Those figures should be taken as general guidelines. Then you can access your favorite statistics via the star in the header. These types of bonuses are given without a reason and usually resemble an appreciation token. The Vietnamese government allows major rent increases even though a tenant signs an agreement. However, in many regions, the minimum wage is significantly higher. The Vietnam Briefing Magazine was first published in 2009, and is contributed to by investment professionals based in Vietnam. HCM City led with a minimum monthly average salary of US$ 456 (VND 10.37 million), 38 percent higher than the national average. Earning a Master's degree or any post-graduate qualification in Vietnam is a substantial financial commitment, with tuition fees ranging from 86,100,000 VND to 258,000,000 VND and a duration of around two years. to incorporate the statistic into your presentation at any time. The figures provided here are averages of numbers. You manage your employee, we take care of taxes, local HR matters, etc. International Schools in Ho Chi Minh City, Get a Salary Calculation for Ho Chi Minh City, Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) However, jobs with monthly salaries ranging from US$ 701 to US$ 1,000 (VND 15.9-22.6 million) attracted the highest number of applicants, which highlights the high expectations of recent graduates. data than referenced in the text. Vietnam revised regional minimum wages by an average of 6 percent from July 1, 2022, after almost two and a half years due to the pandemic. Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. This is sooooooooo usefull for my students! The Spotlight Vietnam Newsletter aims to present major socioeconomic developments, investment opportunities and events happening in Vietnam. Minimum monthly wages in the urban areas of Ha Noi and Ho Chi Minh City in Vietnam 4.7m VND Detailed statistics . Visit their website to see how their services can help your business succeed. Da Nang, central Vietnams economic hub ranked second at a monthly average at US$ 452, followed by Binh Duong, Bac Ninh, and Hanoi at US$ 444, US$ 421, and US$ 407 respectively. Get quick analyses with our professional research service. Average hourly wages by gender . (Region I: VND 3,500,000 per month; Region II: VND 3,100,000 per month; Region III: VND 2,700,000 per month and Region IV: VND 2,400,000 per month) Vietnam's minimum wage was last changed in 1-Jan-2016. The salary range in Vietnam is 4,360,000 VND/month (minimum salary) to the highest average of 76,900,000 VND/month (actual monthly salary may be higher). Salaried employees are usually exempt from overtime as opposed to hourly paid staff. ), 1 min. Employees that support and facilitate the work of revenue generators. 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Like many other economies in the world, the type of jobs firstly divides the salary level in Vietnam. Da Nang, a major city in Central Vietnam, came in second place. This is the average salary including housing, transport, and other benefits. Research Expert covering Vietnam Get in touch with us now , Feb 21, 2023 In 2022, the monthly minimum wage in Vietnam reached 4.7 million Vietnamese dong for Region I. Here's what foreign firms should know about this latest development. Even if you sign a lease for one year the rent can go up much higher and there's nothing the tenant can do about it for this reason. Learn more about statistics updates via email Download Source Special properties Method of interview. Granted upon achieving an important goal or milestone. The median salary is 16,700,000 VND, which means that 50% of the population in Thanh Pho Ho Chi Minh earns less than that while the other half earns more. Monthly salaries from US$ 501 to US$ 700 attracted the highest number of applicants from the administrative, clerical, and production industry. These figures tend to change frequently. In, General Statistics Office of Vietnam. Ho chi minh isn't a good place to live. Get in touch with us. Cost of Living in Ho Chi Minh City - Numbeo Regional minimum wage in Vietnam Region Examples Minimum salary (VND) I Ho Chi Minh City, Hanoi 4,420,000 II Da Nang, Hai Phong, Hue 3,920,000 III Non-urban areas 3,430,000 IV Under-developed or remote areas 3,070,000 Average salaries [] From taxation to salary standards, here's everything you need to know about having employees in Vietnam. Salaries in Thanh Pho Ho Chi Minh range from 4,940,000 VND (starting salary) to 87,200,000 VND (maximum average salary, actual maximum is higher). No need to set up a local company in Vietnam. Find out what is the real equivalent in Ho Chi Minh City of your current salary and improve your chances of a happy relocation. Directly accessible data for 170 industries from 150+ countries Review your city Job salary calculator Salary rankings by profession Salaries in Ho Chi Minh City, Vietnam How much would I make in Ho Chi Minh City? Statista 2023 Show source Get notified via email when this statistic is updated. People tend to confuse bonuses with commissions. Job salary calculator The hourly wage is the salary paid in one worked hour. New recruits job openings account for only 6 percent of the listed openings, which makes it very competitive for graduates. Your employees will be formally on our payroll while working entirely for your company. Expectations of management-level professionals vary based on location. Heres a brief overview of developments in legalized gambling in Vietnam and what to watch moving forward. Vietnam: median monthly gross salary in Ho Chi Minh City by job level The minimum national wage in Vietnam is 1,490,000 VND. Most of the girls here are ugly, rude conservative, cold hearted, materialistic, and money obsessed. In Vietnam, the average difference between the salary of male and female employees is 11% across all career fields. On January 1 2020, region-based minimum wages for non-state employees in Vietnam increased by an average of 5.5%. So why bother, stick with Thailand, Malaysa, Cambodia, Indonesia, the free SEA countries. Degree of urbanization 2022, by continent, Monthly average income per capita in Ho Chi Minh City Vietnam 2010-2021, GDP contribution Vietnam 2021, by province, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. The part about trash and rats is true. Figures have been rounded. Terms of Use and Get quick analyses with our professional research service. facts. Distribution of Expenses Using Our Statistical Model: Copyright 2009-2023 Numbeo. If you are an admin, please authenticate by logging in again. Both are indicators. The minimum national wage in Vietnam is 1,490,000 VND. I think even pre-Covid, hcmc and by extension the rest of Vietnam isnt worth living in unless you're a destitute English teacher with no career prospects or one of those poor uppity Viet Kieu who come back to lord over the locals. Vietnam's highly qualified young people also expect to earn far more than the monthly minimum wage, which for the biggest cities is 4.68mn dong ($198). Accessed July 09, 2023. https://www.statista.com/statistics/1211846/vietnam-monthly-average-income-per-capita-in-four-urban-cities/. There are not enough garbage bins on the roads and families just put their garbage outside without cover. Learn more about how Statista can support your business. The lowest salaries are in the accounting, customer service, and administrative sectors. As per the report, 59 percent of monthly salaries ranged from US$ 251 (VND 5.7 million) to US$ 500 (VND 11.37 million). Their field of expertise usually matches the type of business. Available: https://www.statista.com/statistics/1211846/vietnam-monthly-average-income-per-capita-in-four-urban-cities/, Monthly average income per capita in five major urban cities in Vietnam in 2021, Immediate access to statistics, forecasts & reports, Share of the urban population in Vietnam 2018-2021, Most populated municipalities in Vietnam 2021, Infant mortality rate Vietnam 2021, by urbanization level, Sex ratio at birth among urban and rural population in Vietnam 2010-2021, Sex ratio among urban and rural population in Vietnam 2010-2021, Poverty rate in in urban and rural areas Vietnam 2016-2021, Households with clean water access in urban and rural Vietnam 2010-2021, Households with electricity access in urban and rural Vietnam 2010-2021, House ownership among urban households Vietnam 2020, by house type, GRDP growth rate of centrally-controlled cities Vietnam 2021, Provincial competitiveness index (PCI) rank of Ha Noi Vietnam 2010-2021, HCMC's provincial competitiveness index (PCI) rank Vietnam 2010-2021, Average rent price of office property in Ha Noi and Ho Chi Minh City Vietnam Q2 2022, Average prime retail rent in Ha Noi and Ho Chi Minh City in Vietnam Q2 2022, Average apartment price in Ha Noi and Ho Chi Minh City in Vietnam Q2 2022, Major urban cities' population density in Vietnam 2021, Ho Chi Minh City's population density 2011-2021, Urban versus rural monthly average income per capita in Vietnam 2010-2021, Monthly average income per capita in five urban cities Vietnam 2021, Monthly average income per capita in Ha Noi Vietnam 2010-2021, Monthly average income per capita in Hai Phong Vietnam 2010-2021, Monthly average income per capita in Da Nang Vietnam 2010-2021, Monthly average income per capita in Can Tho Vietnam 2010-2021, Annual in-home FMCG value growth in urban areas Vietnam 2012-2021, Most chosen FMCG brands in urban areas Vietnam 2021, by penetration rate, Most chosen food brands in urban areas Vietnam 2021, by penetration rate, Most chosen beverages brands in urban areas Vietnam 2021, by penetration rate, Most chosen dairy brands in urban areas Vietnam 2021, by penetration rate, Most chosen home care brands in rural areas Vietnam 2021, by penetration rate, Most chosen health and beauty brands in urban areas Vietnam 2021, by penetration rate, Monthly salary at large companies in South Korea 2020, by length of employment, Average monthly income of bosses in Sweden 2016, by industry, Mean monthly income per urban household Malaysia 2007-2019, Average monthly income per capita in Central Russia 2013-2022, Average monthly income per capita in Northwest Russia 2013-2022, Average monthly income per capita in Southern Russia 2013-2022, Mean monthly income per household Malaysia 2019, by ethnic group, Average monthly income per capita North Caucasian Russia 2013-2022, Average monthly income per capita in Volga Russia 2013-2022, Mean monthly income per rural household Malaysia 2007-2019, Average monthly income per capita in Ural Russia 2013-2022, Average monthly income per capita in Far Eastern Russia 2013-2022, Annual growth of per capita disposable income of urban households in China 2012-2022, Growth of urban population growth in the UAE 2007-2021, Leading regions in Russia 2020, by average monthly income, Monthly average income per capita breakdown Vietnam 2021, by income source, Coronavirus (COVID-19) pandemic in Vietnam, Monthly average income per capita in five major urban cities in Vietnam in 2021 (in million Vietnamese dong), Find your information in our database containing over 20,000 reports. The correlation between higher education and higher salary is widely acknowledged, but how much of an income increase can one expect from obtaining a degree?We conducted a study in Thanh Pho Ho Chi Minh comparing the salaries of professionals with different levels of college degrees who held similar positions in various industries.Our results showed that individuals with a certificate or diploma earned an average of 17% more than those who only completed high school.Those who obtained a Bachelor's Degree earned 24% more than their counterparts with a certificate or diploma.Professionals with a Master's Degree earned 29% more than those with a Bachelor's Degree.Finally, those who held a PhD earned an average of 23% more than those with a Master's Degree while performing the same job. To view accurate figures, choose a specific job title. Infected people are rising quickly throughout Vietnam over the past two weeks plan your visits carefully. Cost of living in Ho Chi Minh City is cheaper than in 70% of cities in Asia (14 out of 20) Cost of living in Ho Chi Minh City is cheaper than in 92% of cities in the World (200 out of 218) What salary will you need in Ho Chi Minh City ? The figures mentioned above are good approximations and are considered to be the standard. To view accurate figures, choose a specific job title. Salaries in Thanh Pho Ho Chi Minh vary drastically between different careers. These prices are based on abundant and consistent data. This city had 1478 entries in the past 12 months by 171 different contributors. It is quite comfortable and real estates are getting expensive here now. Region IV, on the other. Vietnam Salary Guide: What Is the Average Salary/Wage in Vietnam? You are Goofier Goober for quoting such ridiculous profits made.You must be married to one of those hybrid female monkeys living there. A good compensation in Thanh Pho Ho Chi Minh would range anywhere between 16,700,000 VND and 25,300,000 VND. It publishes business news concerning foreign direct investment into Vietnam, including the most important tax, legal and accounting issues. If your wage is between the average and the median, then things can be a bit complicated. Those who got bonuses reported rates ranging from 3% to 5% of their annual salary. It is important to stress however that Hanoi and Ho Chi Minh attract not only foreigners. Reading from the salary distribution diagram, 25% of the population in Thanh Pho Ho Chi Minh earn less than 12,000,000 VND while 75% of them earn more. On average, in 2017, workers in HCMC cashed $456 per month. Profit from the additional features of your individual account. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. On average, individuals who change jobs after earning a higher degree receive a salary increase of about 10% more than the typical annual raise.Ultimately, deciding whether or not to pursue advanced education depends on a variety of factors, including the personal situation and experience. We will be sending the newsletter once every quarter. Jollibee to expand in Vietnam, aquaculture receives funding boost, and two new Foxconn projects approved in this weeks Vietnam News in Brief. 12,841 Employee Salaries in Ho Chi Minh City, Vietnam Cost of living in Ho Chi Minh City, Vietnam - Expatistan Citizens of this beach town received on average $452 per month, almost $50 more than the inhabitants of Vietnams capital Hanoi, who came in the 5th position, with $407 average salary. Here's how. * Based on the average change in salary over time. For some weird reason everyone wants to move to Vietnam during the pandemic and teach ABCs to smot nosed rich brats so agents are marking up prices. Example:A graphic designer in the marketing department of a hospital. People aren't nice to foreigners anywhere in Vietnam I was an English teacher in Ho chi minh and other areas of Vietnam almost 13 years. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. To use individual functions (e.g., mark statistics as favourites, set The monthly range varies a lot, from USS$ 251 to US$ 1,000, and jobs for experienced professionals account for the majority of the job openings at 68 percent. The trend suggests a slow yet continuous increase in pay in 2024 and future years. Due to varying update cycles, statistics can display more up-to-date Would you like to see how prices increased over time? (5 miles), Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career. Not all compensation increases are reflected directly in the salary. They always tried to rip u off anyway they can. Organizations should plan and consider the increase in HR costs, operational capacity, and costs for when any new wage hike goes into effect. Vietnam is set to increase regional minimum wages by an average of 6 percent from July 1, 2022, after almost two and a half years due to the pandemic. What is the average salary in Vietnam in 2023? - Time Doctor Vietnam can be proud on the number of signed Free Trade Agreements (FTAs) it has signed with dozens of countries across the globe. Vietnam: HCM City Leads the Average Salary Rankings Only 5% of people grossed 36,300,000 VND or more. Vietnam: average salary in Ho Chi Minh City 2021 | Statista Subscribing grants you this, plus free access to our articles and magazines. In this article, we run through some of the benefits and challenges as well as the regulatory due diligence for foreign firms when it comes to dealmaking in Vietnam's insurance industry. The base salary depends on many factors including profession, experience, and education. These numbers may vary from one industry to another.