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. Your use of this service is subject to our This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country. Join our mailing list to receive the latest insights on Vietnam's opportunities and development. Cost of living in Ho Chi Minh City, Vietnam - Expatistan 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). Subscribe to receive weekly Vietnam Briefing news updates, Here's how. Please contactvietnam@dezshira.comor visitour website atwww.dezshira.com. Aug 10, 2022 In 2021, citizens of Ho Chi Minh City and Ha Noi had the highest monthly average monthly income per capita among Vietnam's four major cities, amounting to six million. Most of the girls here are ugly, rude conservative, cold hearted, materialistic, and money obsessed. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Infected people are rising quickly throughout Vietnam over the past two weeks plan your visits carefully. Then you can access your favorite statistics via the star in the header. 1992-2023 Dezan Shira & Associates All Rights Reserved. (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. Like many other economies in the world, the type of jobs firstly divides the salary level in Vietnam. Their expertise is usually different from that of the core business operations. of prepaid mobile tariff (no discounts or plans), 1 month of gym membership in business district, Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new in. If your wage is between the average and the median, then things can be a bit complicated. The town will not only include apartments and commercial space, but also futuristic self-driving buses and energy-saving technology. Vietnam isn't the place to cone to if you are looking for fun or women especially nice ones. We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. 12,841 Employee Salaries in Ho Chi Minh City, Vietnam | Glassdoor What are total pay estimates for a at different companies in Ho Chi Minh, Vietnam? The people are nice here but the worst thing is there are too many mosquitoes and rats. Minimum and average wages - Emerhub ", General Statistics Office of Vietnam, Monthly average income per capita in five major urban cities in Vietnam in 2021 (in million Vietnamese dong) Statista, https://www.statista.com/statistics/1211846/vietnam-monthly-average-income-per-capita-in-four-urban-cities/ (last visited July 09, 2023), Monthly average income per capita in five major urban cities in Vietnam in 2021 (in million Vietnamese dong) [Graph], General Statistics Office of Vietnam, August 1, 2022. Experienced professionals tend to be better informed about the average salaries in the market. 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. Show sources information Remember, VietNam is a communist country unlike free VietNam country prior to 1975. Vietnam: average salary in Ho Chi Minh City 2021 | Statista The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase. Ten percent of wages are from 28,400,000 VND to 36,300,000 VND. The most important key figures provide you with a compact summary of the topic of "Employment in Vietnam" and take you straight to the corresponding statistics. As per the report, 59 percent of monthly salaries ranged from US$ 251 (VND 5.7 million) to US$ 500 (VND 11.37 million). facts. Closely related to the median are two values: the 25th and the 75th percentiles. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. In Vietnam, the average difference between the salary of male and female employees is 11% across all career fields. Figures have been rounded. 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. The most standard form of bonus, where the employee is awarded based on their exceptional performance. Complete guide to hiring employees in Vietnam. Monthly average income per capita in five major urban cities in Vietnam in 2021 (in million Vietnamese dong) [Graph]. Directly accessible data for 170 industries from 150+ countries In 2017, jobstreet.com, a leading employment website in Southeast Asia found that salaries in Vietnam were rising faster than in any other Southeast Asian country. Furnished accommodation in EXPENSIVE area. Average monthly salary in Vietnam 2021, by economic sector and unit . There are not enough garbage bins on the roads and families just put their garbage outside without cover. Chart. Get quick analyses with our professional research service. Minimum monthly wages in the urban areas of Ha Noi and Ho Chi Minh City in Vietnam 4.7m VND Detailed statistics . In, General Statistics Office of Vietnam. This place is ridiculous. Salaries range from 4,940,000 VND (lowest average) to 87,200,000 VND (highest average, actual maximum salary is higher). In addition, in Vietnam, management and executive salaries experienced the fastest growth, at 26 and 35% respectively. Please create an employee account to be able to mark statistics as favorites. There is a problem with the form. These figures are inclusive of bonuses. Granted upon achieving an important goal or milestone. 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. Expectations of management-level professionals vary based on location. They also attract many Vietnamese from the country side looking for a better life. However, in many regions, the minimum wage is significantly higher. The Vietnamese government allows major rent increases even though a tenant signs an agreement. A person working in Thanh Pho Ho Chi Minh typically earns around 19,500,000 VND. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. Average Salary in Thanh Pho Ho Chi Minh 2023 Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. Salaries in Vietnam are rising faster than any other Southeast Asian country, as per a survey by employment website Jobstreet.com. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. You deserve a salary increment but you are not sure how to ask.Check our 25 sample Salary Increase Request emails. Gambling has been illegal in Vietnam for the bulk of its modern history. To view accurate figures, choose a specific job title. You are Goofier Goober for quoting such ridiculous profits made.You must be married to one of those hybrid female monkeys living there. 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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. Ho Chi Minh is not bad to stay but not for permanent purpose. Average and Minimum Wage in Hanoi, Ho Chi Minh City, Vietnam However, if one can afford the financial costs of obtaining a higher degree, the return on investment is likely to be worthwhile, with the ability to recoup the costs in approximately a year. Their field of expertise usually matches the type of business. Some companies offer upgraded packages to their staff instead of cash money. 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. Learn more about how Statista can support your business. One of the key trade deals signed was EU-Vietnam FTA (EVFTA), a comprehensive multilateral trade agreement between Vietnam and the countries of the European Union (see our EVFTA impact assessment). The weather is quite nice. Vietnam: HCM City Leads the Average Salary Rankings Use Ask Statista Research Service, figures are preliminary at current prices. What is the average salary in Vietnam in 2023? - Time Doctor All items are costly as compaire India Vietnam is costly place. Sign up for your complimentary subscription to our weekly newsletter here. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). See. Directly accessible data for 170 industries from 150+ countries The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones. 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. One thousand Vietnamese dong equals 0.043 U.S. dollars and 0.042 euros as of August 2022. Here's Teleport's overview of income and salary rankings by profession in Ho Chi Minh City, Vietnam. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law. Thank ch <3. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. 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 . Please contact us directly, Business organizations urge fast ratification of EU-Vietnam FTA, Japanese corporations to build a smart town in Vietnam. Vietnam becomes vital link in supply chain as business pivots from Where can you get paid more, working in a private company or the government? General Statistics Office of Vietnam. It is hot in the afternoon but temperature will drop a lot in the evening with mind wind. This method is more accurate than just the average salary and gives more insights into how salaries are actually distributed in Thanh Pho Ho Chi Minh. Find out what is the real equivalent in Ho Chi Minh City of your current salary and improve your chances of a happy relocation. Da Nang, a major city in Central Vietnam, came in second place. As soon as this statistic is updated, you will immediately be notified via e-mail. The most important statistics 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. 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 [] The base salary (not to be confused with the minimum wage) is rising and this will change social and health insurance caps. Those figures should be taken as general guidelines. How it works: 1 Enter job title & years of experience 2 Add pay factors like skills & education 3 Find your market worth with a report tailored to you Ho Chi Minh City, Viet Nam Jobs by Salary. The companys data showed that the average annual growth rate of salaries in Vietnam stood at 22%, compared to 14-20% in Thailand, the Philippines, Indonesia, Myanmar and Singapore. The figures provided here are averages of numbers. 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 ? General Statistics Office of Vietnam. statistic alerts) please log in with your personal account. Profit from the additional features of your individual account. In 2017, management and executive salaries grew the fastest at 26 and 35 percent respectively. The hourly wage is the salary paid in one worked hour. The average wage per person in Vietnam is around 3.45 million VND ($150) a month and differentiated by many factors. facts. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned. The minimum national wage in Vietnam is 1,490,000 VND. "Monthly Average Income per Capita in Five Major Urban Cities in Vietnam in 2021 (in Million Vietnamese Dong). Jollibee to expand in Vietnam, aquaculture receives funding boost, and two new Foxconn projects approved in this weeks Vietnam News in Brief. Learn more about statistics updates via email Download Source Special properties Method of interview. No need to set up a local company in Vietnam. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2023, Quarterly smartphone market share worldwide by vendor 2009-2023, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Your use of this service is subject to our, Analysis of our Consumer Price Basket in Ho Chi Minh City, Lebenshaltungskosten in Ho-Chi-Minh-Stadt, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Mobile Phone Monthly Plan with Calls and 10GB+ Data, Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate, A family of four estimated monthly costs are, A single person estimated monthly costs are, The price of Eggs (regular) (12) in the year 2012 in Ho Chi Minh City was 28,494.17. The lowest salaries are in the accounting, customer service, and administrative sectors. (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. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. Statista assumes no Are you moving to Ho Chi Minh City? Employees in Vietnam are likely to observe a salary increase of approximately 9% every 17 months. If you are an admin, please authenticate by logging in again. Average salaries in Ho Chi Minh City the highest in Vietnam One major difference between salaried employees and hourly paid employees is overtime eligibility. A good compensation in Thanh Pho Ho Chi Minh would range anywhere between 16,700,000 VND and 25,300,000 VND. Summary of cost of living in Ho Chi Minh City, Vietnam: Copyright 2009-2023 Numbeo. All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. They always tried to rip u off anyway they can. It is important to stress however that Hanoi and Ho Chi Minh attract not only foreigners. There are many sites promoting Vietnam but those promoters have never actually lived in Vietnam as I have. Your employees will be formally on our payroll while working entirely for your company. Industries such as accounting, media, advertisement, marketing, architecture, construction, and customer care accounted for the highest number of job applicants with a salary range of US$ 701 to US$ 1,000. This text provides general information. Job salary calculator These figures tend to change frequently. The median represents the middle salary value. To view accurate figures, choose a specific job title. It is not easy to provide a figure with very little information, so take this range with a grain of salt. 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). According to the report, recent graduates have high expectations compared to experienced and senior professionals. On January 1 2020, region-based minimum wages for non-state employees in Vietnam increased by an average of 5.5%. Our free webinars are packed full of useful information for doing business in Vietnam. to incorporate the statistic into your presentation at any time. Hiring and salary standards in Vietnam - Emerhub It is quite comfortable and real estates are getting expensive here now.