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What is the average salary of Vietnamese workers?

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Posted by Iris Data Driven Agency

23 days ago

When approaching the recruitments in Vietnam, understand the minimum wages in the current Vietnamese labor market is very important, not only for foreign investors but also for Vietnamese employers. The salary guide below was conducted to help employers answer the question: “How much should I pay for a position, and what is the salary benchmark for currently on the general salary frame of the market?”. Let's find out clearly through this post.

1. Summary of salaries in Vietnam in 2019

In 2019, the minimum wages are predicted to increase to VND4.18 million (US$180) from VND 2.92 million (US$126) in 2018. I 2019, the minimum wage was increased by an average of 5.3% by Vietnam’s National Wage Council. While the minimum wages in 2018 were increased by 6.5 percent which ranged from VND 2.76 million (US$118) to VND 3.98 million (US$171) in 2017. 

Minimum Wage – Vietnam*

Region

Per Month (VND)

Region I

4,180,000.00

Region II

3,710,000.00

Region III

3,250,000.00

Region IV

2,920,000.00

*(According to Vietnam Briefing’s article published in the quarter 1/2019)

  • The effection of minimum wages is from Jan 01, 2019 till Dec 31, 2019

  • Region I: Urban Hanoi and Ho Chi Minh City;

  • Region II: Rural Hanoi and Ho Chi Minh City along with urban Can Tho, Da Nang, and Hai Phong;

  • Region III: Provincial cities and the districts of Bac Ninh, Bac Giang, Hai Duong, and Vinh Phuc provinces; and

  • Region IV: Covers the remaining localities.

2. How Vietnam companies calculator the job salary?

To calculate the salary for employees, foreign employers can base on the minimum wages and other benefits. Vietnam’s National Wage Council sets the minimum wage system to provide a stable and sustainable way to negotiate a fair minimum wage increase each year. By this structure, the salary for employees in Vietnam is certainly better fair than none at all, and labor watchers, researchers, and foreign employers can suitably follow the salary hikes range each year.

Another thing that employers must focus on besides the minimum wage structure is workers benefits, such as employers’ social insurance contributions and the traditional 13th month Tet bonus. In some areas or industries, highly with manual work or physical work, asked to reduce these other benefits in order to have a rising in their minimum salary.

Moreover, you can see more: Vietnam labor source.

3. Salary ranking by profession

According to the Teleport Job Salary Calculator, we can see overall the salary statement in Ho Chi Minh City, Vietnam. In more detail, the Finance Manager salaries in Ho Chi Minh City are above average that can up to $63,168 per year (VND121,1 million per month). While the Waiter, Graphic Designers or Cashier job’s salaries in Ho Chi Minh City are low with the highest salary up to $6,385 per year (around VND12,1 million per month). 

 

JOB TYPE

MEDIAN SALARY (USD)

RANGE

SALARY RANKING COMPARED TO ALL CITIES

FINANCE MANAGER

$63,168

 

95/265

OPERATIONS MANAGER

$51,591

 

101/265

PHYSICIAN

$50,898

 

147/265

CIVIL ENGINEER

$50,579

 

80/265

SALES MANAGER

$46,424

 

120/265

MARKETING MANAGER

$43,828

 

124/265

BUSINESS ANALYST

$43,307

 

134/265

COPYWRITER

$43,286

 

67/265

C LEVEL EXECUTIVE

$42,678

 

227/265

DENTIST

$38,826

 

175/265

PRODUCT MANAGER

$36,315

 

167/265

DATA SCIENTIST

$33,712

 

176/265

PHARMACIST

$33,059

 

174/265

ARCHITECT

$28,823

 

172/265

DATA ANALYST

$28,037

 

169/265

HUMAN RESOURCES MANAGER

$26,641

 

191/265

WEB DEVELOPER

$26,042

 

179/265

IT MANAGER

$25,042

 

214/265

HARDWARE ENGINEER

$23,273

 

197/265

ATTORNEY

$23,192

 

217/265

SOFTWARE ENGINEER

$23,043

 

225/265

ELECTRICAL ENGINEER

$22,343

 

197/265

MOBILE DEVELOPER

$21,740

 

204/265

TEACHER

$21,286

 

175/265

MECHANICAL ENGINEER

$20,910

 

207/265

NURSE

$20,832

 

183/265

RESEARCH SCIENTIST

$20,561

 

205/265

UX DESIGNER

$20,464

 

215/265

INDUSTRIAL DESIGNER

$20,425

 

191/265

PROJECT MANAGER

$19,401

 

228/265

CHEMICAL ENGINEER

$18,858

 

225/265

FASHION DESIGNER

$18,851

 

199/265

SYSTEMS ADMINISTRATOR

$18,239

 

226/265

ADMINISTRATIVE ASSISTANT

$17,809

 

176/265

FINANCIAL ANALYST

$17,662

 

229/265

INTERIOR DESIGNER

$17,116

 

203/265

EXECUTIVE ASSISTANT

$16,831

 

210/265

CUSTOMER SUPPORT

$16,502

 

191/265

WEB DESIGNER

$14,859

 

219/265

CHEF

$14,416

 

218/265

CONTENT MARKETING

$14,320

 

223/265

ACCOUNT MANAGER

$14,314

 

240/265

LECTURER

$14,033

 

227/265

POSTDOCTORAL RESEARCHER

$13,881

 

217/265

OFFICE MANAGER

$13,600

 

227/265

BUSINESS DEVELOPMENT

$12,763

 

242/265

ACCOUNTANT

$12,749

 

232/265

QA ENGINEER

$12,596

 

238/265

GRAPHIC DESIGNER

$9,764

 

236/265

RECEPTIONIST

$9,285

 

210/265

WAITER

$6,680

 

215/265

CASHIER

$6,385

 

214/265

Source: Ho Chi Minh city, Vietnam Salary Guide in 2019 by Teleport

4. Download Vietnam salary guide 2019

5. Conclusion

Mr. Gaku Echizenya, Chairman & CEO - Navigos Group said: “Salaries play an important role in attracting and retaining talented employees, especially in the current context of the increasingly vibrant and competitive recruitment market in Vietnam. The article about the Vietnam salary guide above is conducted by Navigos Search with the purpose of helping businesses understand the importance of the Vietnam salary benchmark affecting jobseeker's application behavior, as well as a relative measure for businesses. 

Navigos Search Group is a leading recruitment company in Vietnam, standing between employers and employees to help recruiters find suitable candidates for the job, especially for the Senior and C level. For help with recruitment services and HR consulting, please contact Navigos by filling in the form below. Our consultants will contact you as soon as possible.