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What is the average salary of Vietnamese workers?

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Posted by Iris Data Driven Agency

12 months 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.

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