Average Salary in Vietnam 2024

Discover the intricacies of salary in Vietnam as we delve into the country's vibrant job market. Uncover the pay scale variations, wage gaps, and salary increments that define the remuneration landscape. Explore the breakdown of salaries based on education level and years of experience, gaining valuable insights into the factors that shape earning potential. Our comprehensive analysis sheds light on Vietnam's salary ecosystem, ensuring you make informed decisions for your professional journey.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Vietnam in 2024?

What is the average salary in Vietnam in 2024?
470USD
(USD 5,700 yearly)
Low 220 USD
Average 470 USD
High 2,100 USD
The average salary in Vietnam is typically USD 470 per month. However, salaries can range from USD 220 (lowest average) to USD 2,100 (highest average, actual maximum salary is higher). This is the average salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
In comparison with average salary in Vietnam in 2023, salaries changed by +0.6% so far. Looking ahead, economists project a gradual recovery in the job market. We will be able to fully compare 2023 and 2024 at the year's end.

Pay Scale and Salaries in Vietnam

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 2,100, 75% of the people earn USD 650 or less. 50% employees earn less USD 460 or less, 25% of the employees earn less than USD 340.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 2,100, 75% of the people earn USD 650 or less. 50% employees earn less USD 460 or less, 25% of the employees earn less than USD 340.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Vietnam the minimum salary is USD 220.

Median Salary

Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly used to gauge average earnings in various professions and industries. In Vietnam the median salary is USD 370.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Vietnam the salary ranges from USD 220 to USD 2,100.

Annual Salary Increments in Vietnam

What is the average annual salary increment in the Vietnam? How frequently do employees receive salary raises?

The year 2024 saw employees in Vietnam receiving an average salary increment of 0.6%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.6%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, the average salary increase for employees in Vietnam was around 0.6%. It's important to highlight that this figure is an average across all job sectors. Globally, the average for 2024 is 0.6%.

Historical Graph of Annual Salary Increments in Vietnam

Employees in Vietnam received in recent years salary increase from 0.6% to 5.3% on average per year. It means 2.9% increment per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in Vietnam received in recent years salary increase from 0.6% to 5.3% on average per year. It means 2.9% increment per year on average.

Salary Forecast and Trends for the Future in Vietnam

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.9%. Estimated range is between 1.6% and 4.5%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.9%. Estimated range is between 1.6% and 4.5%.

Gender Wage Gap in Vietnam

What is the difference in pay between mens and womens? Men vs. women salary comparison.

The gender pay disparity in Vietnam is 10.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The actual wage gap in Vietnam reaches 10.0%.
It's due to many factors, such as:
  • Discrimination based on gender.
  • On average, women take 10% extra days off as paid vacation annually in comparison to men.
  • Having a college degree is less common among women compared to men.
  • Men are less inclined than women to assume caregiving responsibilities for children and elderly relatives.
  • In comparison to men, women are more prone to working part-time, resulting in lower earnings compared to full-time workers.
  • Women generally find themselves working in lower-paying occupations compared to men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

High school completion and achieving a bachelor's degree offer numerous advantages. Primarily, they substantially improve career prospects, resulting in increased earning potential and wider job options. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and receiving a bachelor's degree present a multitude of benefits. First and foremost, they significantly enhance career prospects, leading to higher earning potential and broader access to job opportunities. Alongside financial advantages, pursuing a bachelor's degree fosters personal growth, develops critical thinking skills, and offers the chance to specialize in a particular field of interest. It also facilitates valuable networking opportunities and promotes the cultivation of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative path that opens doors to a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. signifies an unwavering commitment to intellectual growth and the pursuit of a rewarding and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 16%-20% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of roughly 8%-12%. Expertise and leadership gain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 16%-20% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 8%-12%. Expertise and leadership attain higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Vietnam

What is the average hourly wage in the Vietnam?

Average Hourly Wage
3USD
Low 1 USD
Average 3 USD
High 12 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Hourly wages can lead to irregular or fluctuating income, posing challenges for budgeting and expense planning.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks commonly associated with full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Hourly positions are sometimes more susceptible to layoffs, downsizing, or changes in demand, which can lead to job insecurity compared to salaried positions.
  • Limited career advancement: Some hourly jobs may have limited opportunities for career growth, professional development, or upward mobility within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Vietnam

What are the best paying jobs in Vietnam?

List with best paid jobs in VietnamDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Vietnam?

  1. Surgeon (USD 2,100)
  2. Doctor (USD 1,900)
  3. Chief Executive Officer (CEO) (USD 1,800)
  4. Registered Nurse Anesthetist (USD 1,800)
  5. Dentist (USD 1,700)
  6. Airline Pilot (USD 1,600)
  7. Intellectual Property Lawyer (USD 1,600)
  8. Marketing Manager (USD 1,400)
  9. Marketing Director (USD 1,400)
  10. Sales Director (USD 1,300)
  11. Sales Manager (USD 1,300)
  12. Petroleum Engineer (USD 1,300)
  13. Brand Manager (USD 1,300)
  14. Marketer (USD 1,300)
  15. Judge (USD 1,300)
  16. Treasurer (USD 1,200)
  17. Controller (USD 1,200)
  18. Pharmacist (USD 1,200)
  19. Tax Lawyer (USD 1,200)
  20. Lawyer (USD 1,200)
List with worst paid jobs in VietnamDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Vietnam?

  1. Cashier (USD 220)
  2. Childcare Worker (USD 240)
  3. Stock clerk (USD 240)
  4. Elder Care Worker (USD 240)
  5. Receptionist (USD 250)
  6. Bartender (USD 270)
  7. Food and beverage server (USD 270)
  8. Janitor (USD 270)
  9. Waiter (USD 280)
  10. Tour Guide (USD 280)
  11. Customer Service Representative (USD 340)
  12. Hotel Concierge (USD 340)
  13. Rehabilitation Counselor (USD 340)
  14. Travel Agent (USD 370)
  15. Secretary (USD 380)
  16. Painter (USD 400)
  17. Carpenter (USD 410)
  18. Bus Driver (USD 420)
  19. Artist (USD 420)
  20. Truck Driver (USD 430)
List with best paid industries in VietnamDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,400)
  2. Business and Management (USD 1,200)
  3. Marketing and Sales (USD 1,100)
  4. Engineering (USD 940)
  5. Law (USD 900)
  6. Accounting and Finance (USD 890)
  7. Computer and Information Technology (USD 870)
  8. Transportation and Logistics (USD 850)
  9. Science (USD 840)
  10. Education and Training (USD 700)
  11. Other (USD 520)
  12. Hospitality and Tourism (USD 440)
  13. Social Services (USD 360)
  14. Services (USD 330)