Experienced professionals tend to be better informed about the average salaries in the market. So who gets paid more: men or women? 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. 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 [] Statista assumes no The part about trash and rats is true. 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. Vietnam: HCM City Leads the Average Salary Rankings The Spotlight Vietnam Newsletter aims to present major socioeconomic developments, investment opportunities and events happening in Vietnam. Find spotlight and explainer articles, news updates, factsheets, useful tools, as well as webinars featuring on-the-ground advisors. 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. Though gender should not have an effect on pay, in reality, it does. Here's Teleport's overview of income and salary rankings by profession in Ho Chi Minh City, Vietnam. To use individual functions (e.g., mark statistics as favourites, set Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. Both are indicators. Organizations should plan and consider the increase in HR costs, operational capacity, and costs for when any new wage hike goes into effect. Listed above are the average annual increase rates for each industry in Vietnam for the year 2022. 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. Your employees will be formally on our payroll while working entirely for your company. General Statistics Office of Vietnam. Heres a brief overview of developments in legalized gambling in Vietnam and what to watch moving forward. Subscribe to receive weekly Vietnam Briefing news updates, So why bother, stick with Thailand, Malaysa, Cambodia, Indonesia, the free SEA countries. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. The base salary in Thanh Pho Ho Chi Minh ranges from 12,000,000 VND to 25,300,000 VND. These numbers may vary from one industry to another. liability for the information given being complete or correct. 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This is very predictable due to the inherent responsibilities of being higher in the hierarchy. (August 1, 2022). The latest news, articles, and resources, sent to your inbox weekly. According to the new data provided by VietnamWorks, the country's largest online job platform, Ho Chi Minh City (HCMC) topped the average wage rankings among Vietnam's cities. facts. No need to set up a local company in Vietnam. If your wage is between the average and the median, then things can be a bit complicated. 1992-2023 Dezan Shira & Associates All Rights Reserved. Ho Chi Minh is not bad to stay but not for permanent purpose. The data was compiled from 4.7 million job applications and 95,000 job postings in 2017 on Vietnamworks, an online recruitment platform. Vietnam can be proud on the number of signed Free Trade Agreements (FTAs) it has signed with dozens of countries across the globe. 2011-2021 Emerhub Limited. Only 5% of people grossed 36,300,000 VND or more. Get quick analyses with our professional research service. (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. Do you know how much money you will need there to maintain your current standard of living? Example:A graphic designer in the marketing department of a hospital. The most standard form of bonus, where the employee is awarded based on their exceptional performance. The data displayed here is the combined average of many different jobs. Region IV, on the other. To view accurate figures, choose a specific job title. It's important to note that during this period, any salary increases are unlikely, assuming ongoing employment. Summary of cost of living in Ho Chi Minh City, Vietnam: Copyright 2009-2023 Numbeo. Directly accessible data for 170 industries from 150+ countries Clicking on the following button will update the content below. It publishes business news concerning foreign direct investment into Vietnam, including the most important tax, legal and accounting issues. According to a recent study by Vietnamworks, Ho Chi Minh City has the highest monthly average salary in Vietnam at US$ 456 (VND 10.37 million), 38 percent higher than the national average. Their field of expertise usually matches the type of business. The minimum national wage in Vietnam is 1,490,000 VND. The town will not only include apartments and commercial space, but also futuristic self-driving buses and energy-saving technology. Ten percent of wages are from 28,400,000 VND to 36,300,000 VND. Single person estimated monthly costs: 31,214,144 . Visit their website to see how their services can help your business succeed. We will be sharing Vietnam insights once every quarter. or Sort: Popular Popular Most Reports Salary: high to low Salary: low to high Company Jobs Total Pay Range ILA Vietnam 4.1 Teaching Assistant See 50 salaries from this location 18 open jobs 35,000 This is sooooooooo usefull for my students! The figures displayed here account only for direct increments to the base salary. Vietnam: median monthly gross salary in Ho Chi Minh City by job level HCM City led with a minimum monthly average salary of US$ 456 (VND 10.37 million), 38 percent higher than the national average. I just checked rentals again and they've gone up big time. Your use of this service is subject to our 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. 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. 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. Salaries in Vietnam are rising faster than any other Southeast Asian country, as per a survey by employment website Jobstreet.com. If you are only interested in viewing statistics and salaries in a specific career field, then choose one from below, or continue scrolling down for more interesting facts about salaries and income in Vietnam. Hourly jobs pay per worked hour. Cost of Living in Ho Chi Minh City - Numbeo Statista. 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.) Cost of living in Ho Chi Minh City, Vietnam - Expatistan The lowest salaries are in the accounting, customer service, and administrative sectors. Thank ch <3. They also attract many Vietnamese from the country side looking for a better life. This figure was 38% higher than the average wage in Vietnam, which stood at $285 (based on 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
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