Key information about Vietnam Household Income per Capita

• Vietnam Annual Household Income per Capita reached 2,502.524 USD in Dec 2023, compared with the previous value of 2,409.689 USD in Dec 2022.
• Vietnam Annual Household Income per Capita data is updated yearly, available from Dec 1994 to Dec 2023, with an averaged value of 1,023.278 USD.
• The data reached an all-time high of 2,502.524 USD in Dec 2023 and a record low of 183.956 USD in Dec 1994.
• In the latest reports, Retail Sales of Vietnam grew 8.086 % YoY in Nov 2024.

CEIC converts Annual Household Income per Capita into USD. Annual Household Income per Capita is calculated from Monthly Average Household Income per Capita multiplied by 12. General Statistical Office provides Average Household Income per Capita in local currency. State Bank of Vietnam average market exchange rate is used for currency conversions.

In the first quarter of 2024, the average monthly salary for paid workers and employees was about 8.5 million Vietnamese dong, indicating a significant increase from the previous quarter. The labor force reached about 52.4 million people in that quarter.

In 2022, the average monthly income per capita in Vietnam reached approximately 4.7 million Vietnamese dong, indicating a slight increase from the previous year. 2020 and 2021 were particularly difficult years for the country’s population when per capita income decreased due to the negative impacts of the COVID-19 epidemic.

Income distribution in Vietnam

As a rapidly developing country in Southeast Asia, Vietnam has made significant efforts to improve income distribution among its population. One of the key factors contributing to a more balanced income distribution is Vietnam’s robust economic growth. Although the COVID-19 pandemic posed challenges to the country’s economy, Vietnam has been enjoying gradual GDP growth over the past few years, which explains the increase in job opportunities and higher wages for many Vietnamese citizens. Over the years, the Vietnamese government has implemented various policies and strategies to reduce the poverty rate and narrow the income gap in the country. However, the difference in income between urban and rural areas is inevitable. According to a governmental report in 2022, earnings per capita improved steadily across the whole country regardless of area; nonetheless, the monthly average income in urban areas was 1.5 times higher than that of their rural counterparts. Among the five major cities, Ha Noi and Ho Chi Minh City recorded the highest income per capita due to their higher living expenses compared to other areas.

Monthly household expenditures in Vietnam

While Vietnam has made noticeable progress in reducing poverty and improving income distribution, challenges remain in shaping the overall living standard for the population. The cost of living varies across different regions, with urban areas generally having higher expenses compared to rural areas. The largest portions of household expenditures are mainly used for nutrition, followed by housing, transportation, and healthcare. Education and entertainment also contributed to the monthly expenses, especially after the COVID-19 pandemic recovery and many restrictions were lifted in the country.

Key information about Vietnam Monthly Earnings

• Vietnam Monthly Earnings stood at 339 USD in Dec 2023, compared with the previous figure of 334 USD in Sep 2023
• Vietnam Monthly Earnings data is updated quarterly, available from Mar 2011 to Dec 2023, with an average number of 240 USD
• The data reached the an all-time high of 339 USD in Dec 2023 and a record low of 142 USD in Jun 2011

CEIC converts quarterly Monthly Earnings into USD. General Statistics Office provides Average Monthly Earnings in local currency. The State Bank of Vietnam average market exchange rate is used for currency conversions. Monthly Earnings prior to Q1 2021 is based on ICLS 13 standard.


Further information about Vietnam Monthly Earnings

• In the latest reports, Vietnam Population reached 101 million people in Dec 2024
• Unemployment Rate of Vietnam dropped to 2 % in Dec 2024
• The country's Labour Force Participation Rate increased to 68 % in Mar 2022

AMI: Female: Dien Bien data was reported at 7,643.000 VND th in 2022. This records an increase from the previous number of 7,311.000 VND th for 2021. AMI: Female: Dien Bien data is updated yearly, averaging 6,057.000 VND th from Dec 2011 (Median) to 2022, with 12 observations. The data reached an all-time high of 7,643.000 VND th in 2022 and a record low of 3,559.000 VND th in 2011. AMI: Female: Dien Bien data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.G053: Average Monthly Income: Wage Workers: By Provinces: Annual.

Vietnam AMI: Urban: Ho Chi Minh City data was reported at 9,455.000 VND th in 2022. This records an increase from the previous number of 7,969.000 VND th for 2021. Vietnam AMI: Urban: Ho Chi Minh City data is updated yearly, averaging 6,995.000 VND th from Dec 2011 (Median) to 2022, with 12 observations. The data reached an all-time high of 9,455.000 VND th in 2022 and a record low of 4,204.000 VND th in 2011. Vietnam AMI: Urban: Ho Chi Minh City data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.G053: Average Monthly Income: Wage Workers: By Provinces: Annual.

In 2023, the monthly average income per capita for the income group five in rural areas was about 8.9 million Vietnamese dong. In that year, the general average income was 4.2 million Vietnamese dong in the rural areas of Vietnam.

In the fourth quarter of 2022, paid workers and employees in rural Vietnam earned on average around seven million Vietnamese dong per month. Meanwhile, the average monthly salary for paid workers and employees in urban Vietnam was higher, at approximately 8.57 million Vietnamese dong. Regional income disparity Income inequality in Vietnam is reflected in the noticeable pay gap between urban and rural areas. This urban-rural disparity can be attributed to various determinants, including the salary gap between agricultural and non-farm sectors in Vietnam, as agriculture remains the backbone of the Vietnamese rural economy. Although the country has experienced positive economic growth and decreasing poverty rate within the last few years, the higher poverty rate in rural areas suggests that more can be done to tackle inequality between rural and urban Vietnam. COVID-19 and the Vietnamese labor market Vietnam’s effective response and success in the fight against the coronavirus came at the expense of its economy. In 2021, Vietnam’s unemployment rate reached 2.3 percent, being the highest value recorded within the last decade, with many companies forced to lay off employees during the outbreak. Nevertheless, the labor market in Vietnam is expected to recover, as the Vietnamese economy remains resilient and is expected to grow again post COVID-19.

Vietnam AMI: Male: Ha Giang data was reported at 7,156.000 VND th in 2022. This records an increase from the previous number of 6,074.000 VND th for 2021. Vietnam AMI: Male: Ha Giang data is updated yearly, averaging 5,939.500 VND th from Dec 2011 (Median) to 2022, with 12 observations. The data reached an all-time high of 7,156.000 VND th in 2022 and a record low of 3,262.000 VND th in 2011. Vietnam AMI: Male: Ha Giang data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.G053: Average Monthly Income: Wage Workers: By Provinces: Annual.

Vietnam Monthly Income per capita: Urban data was reported at 4,551.000 VND th in 2016. This records an increase from the previous number of 3,964.000 VND th for 2014. Vietnam Monthly Income per capita: Urban data is updated yearly, averaging 936.500 VND th from Dec 1994 (Median) to 2016, with 12 observations. The data reached an all-time high of 4,551.000 VND th in 2016 and a record low of 359.700 VND th in 1994. Vietnam Monthly Income per capita: Urban data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.H020: Monthly Income Per Capita.

In 2023, the monthly average income per capita for the income group five was about 10.8 million Vietnamese dong in Vietnam. In that year, the general average income was 4.96 million Vietnamese dong for the whole country.

On average, in 2023, an urban inhabitant earned approximately 6.26 million Vietnamese dong per month, whereas a rural inhabitant earned around 4.17 million Vietnamese dong monthly. This indicated a slight increase from the previous year. A monthly income of a rural inhabitant was two million Vietnamese dong lower than that of the urban monthly average per capita.

Vietnam AMI: Da Nang data was reported at 8,111.000 VND th in 2023. This records an increase from the previous number of 7,320.000 VND th for 2022. Vietnam AMI: Da Nang data is updated yearly, averaging 6,071.000 VND th from Dec 2011 (Median) to 2023, with 13 observations. The data reached an all-time high of 8,111.000 VND th in 2023 and a record low of 3,526.000 VND th in 2011. Vietnam AMI: Da Nang data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.G053: Average Monthly Income: Wage Workers: By Provinces: Annual.

In 2023, on average, a citizen of Ho Chi Minh City earned around 6.52 million Vietnamese dong per month. The monthly average income per capita in Ho Chi Minh City had been increasing yearly before declining in 2020 due to the COVID-19 pandemic impacts on the economy. It was also the highest among all provinces in Vietnam in the past few years.

Vietnam Average Monthly Income: Manufacturing data was reported at 6,816.600 VND th in 2017. This records an increase from the previous number of 6,352.100 VND th for 2016. Vietnam Average Monthly Income: Manufacturing data is updated yearly, averaging 4,213.950 VND th from Dec 2005 (Median) to 2017, with 12 observations. The data reached an all-time high of 6,816.600 VND th in 2017 and a record low of 1,777.400 VND th in 2005. Vietnam Average Monthly Income: Manufacturing data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.G043: Average Monthly Income: in State Sector: VSIC 2007.

Vietnam AMI: Male: Ninh Binh data was reported at 7,835.000 VND th in 2023. This records an increase from the previous number of 7,129.000 VND th for 2022. Vietnam AMI: Male: Ninh Binh data is updated yearly, averaging 4,996.000 VND th from Dec 2011 (Median) to 2023, with 13 observations. The data reached an all-time high of 7,835.000 VND th in 2023 and a record low of 3,093.000 VND th in 2011. Vietnam AMI: Male: Ninh Binh data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.G053: Average Monthly Income: Wage Workers: By Provinces: Annual.

In 2023, on average, a citizen of Da Nang earned around 6.22 million Vietnamese dong per month. In that year, the monthly income per capita of Vietnam was around 4.96 million Vietnamese dong.

Vietnam AMI: Male: Thua Thien Hue data was reported at 6,617.000 VND th in 2022. This records an increase from the previous number of 5,893.000 VND th for 2021. Vietnam AMI: Male: Thua Thien Hue data is updated yearly, averaging 4,732.000 VND th from Dec 2011 (Median) to 2022, with 12 observations. The data reached an all-time high of 6,617.000 VND th in 2022 and a record low of 2,839.000 VND th in 2011. Vietnam AMI: Male: Thua Thien Hue data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.G053: Average Monthly Income: Wage Workers: By Provinces: Annual.

Vietnam HSS: Monthly Income Per Capita: North Central & Central Coast Area data was reported at 2,357.600 VND th in 2016. This records an increase from the previous number of 1,982.300 VND th for 2014. Vietnam HSS: Monthly Income Per Capita: North Central & Central Coast Area data is updated yearly, averaging 873.100 VND th from Dec 2002 (Median) to 2016, with 8 observations. The data reached an all-time high of 2,357.600 VND th in 2016 and a record low of 268.000 VND th in 2002. Vietnam HSS: Monthly Income Per Capita: North Central & Central Coast Area data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.H023: Household Living Standard Survey (HSS): Monthly Income Per Capita.

In 2022, the average monthly salary for paid workers and employees with no qualification was about 6.6 million Vietnamese dong. Meanwhile, the average monthly salary for paid workers and employees with university or higher degree was around ten million Vietnamese dong in Vietnam. In that year, the labor participation rate of the country was 68.1 percent.