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.

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

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.

The statistic shows the monthly salary of the various job roles in the information technology (IT) industry in Vietnam in 2018. In that year, solution architects received an average monthly salary of 1,753 U.S. dollars, followed by employees in the agile/scrum roles who received an average monthly salary of 1,500 U.S. dollars.

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.

In 2024, the monthly minimum wage in Vietnam reached approximately 4.2 million Vietnamese dong. This reflects a six percent increase compared to the year before. Since 2018, Vietnam's minimum wage had increased by 25 percent.

This dataset provides values for WAGES IN MANUFACTURING reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Pendapatan Rumah Tangga per Kapita Vietnam dilaporkan sebesar 2,502.524 USD pada 2023. Rekor ini naik dibanding sebelumnya yaitu 2,409.689 USD untuk 2022. Data Pendapatan Rumah Tangga per Kapita Vietnam diperbarui tahunan, dengan rata-rata 1,023.278 USD dari 1994 sampai 2023, dengan 18 observasi. Data ini mencapai angka tertinggi sebesar 2,502.524 USD pada 2023 dan rekor terendah sebesar 183.956 USD pada 1994. Data Pendapatan Rumah Tangga per Kapita Vietnam tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: Annual Household Income Per Capita: USD.

IT professionals using TensorFlow as the programming language was reported to have the highest salary among the IT market in Vietnam as of July 2020, earning on average almost 1,700 U.S. dollars monthly. The second highest salary belonged to the group which used Kubernetes programming language. CSS/HTML users had the lowest median salary according to the report, with an average monthly income of 676 U.S. dollars.

According to a report released in July 2020 in Vietnam, tech management positions such as chief technology officer (CTO) or chief information officer (CIO) had the highest average salary per month. People in this position usually earned around 5,710 U.S. dollars monthly. The second highest-paid position was technical director/ engineering manager with an average salary of 4,112 U.S. dollars per month. Bridge system engineer stood at the bottom of the top 10, earning close to 2,000 U.S. dollars monthly on average.

In 2021, an employee of the software segment in Vietnam earned on average just over 10.1 thousand U.S. dollars per year. In comparison, the hardware and electronics segment accounted for the largest share of employees of the country's entire information technology industry but was the lowest-paid segment that year, at approximately 4.3 thousand U.S. dollars.

In 2021, an employee of the hardware and electronics segment in Vietnam earned on average approximately 4.3 thousand U.S. dollars per year. This reflected a decrease from the previous year, in which the average annual salary totaled over 4.8 thousand U.S. dollars. This segment accounted for the largest share of employees of the country's entire IT, electronics, and telecommunications industry, but was the lowest-paid segment that year.

In 2020, around 36 million people in Vietnam had average daily spending of 11 U.S. dollars to 30 U.S. dollars, while four million of them were classified as being in the established consuming class, spending between 30 U.S. dollars to 70 U.S. dollars per day. By 2030, according to the forecast, there will be around two million people living in Vietnam with a daily spending budget exceeding 70 U.S. dollars.

This statistic depicts the average monthly wages in the garments, textiles and footwear (GTF) industry in Vietnam in 2016, by gender. In this year, male employees in the GTF industry earned on average 235 U.S. dollars per month in Vietnam.

According to the results of a study published in July 2021, workers in the garment industry in Indonesia earned the highest basic monthly wage compared to other major garment-producing Asian countries. In the time period between March 2020 and March 2021 (the first full year of COVID-19 pandemic), Indonesian garment workers had an average monthly basic wage of 243 U.S. dollars. Cambodia and Myanmar followed in the list with average monthly basic wages of 190 U.S. dollars and 157 U.S. dollars, respectively. When taking the seven countries surveyed into account, the estimated global average of monthly basic wage of garment industry workers was estimated to be worth 200 U.S. dollars per month in this time period.

In 2018, manufacturing labor costs in China were estimated to be 5.51 U.S. dollars per hour. This is compared to an estimated 4.45 U.S. dollars per hour in Mexico, and 2.73 U.S. dollars in Vietnam.

Manufacturing jobs in the United States

Many people in the United States believe manufacturing jobs to be the backbone of the U.S. economy, despite employment in the manufacturing sector decreasing since 1997, and the monthly change in manufacturing employment being highly variable. Although manufacturing added a value of about 10 percent to the U.S. gross domestic product (GDP) in 2018, employment in the United States has been moving away from manufacturing to other means of employment.

A difference in earnings

Part of this steering away from manufacturing could be due to a difference in labor costs. While hourly wages in Vietnam were less than three U.S. dollars in 2018, hourly wages in the U.S. manufacturing sector hovered around 27 U.S. dollars in 2018. The labor costs in the U.S. could simply be too high for companies, who look to countries such as China, Mexico, and Vietnam for cheaper labor.

Within the ASEAN region, Singapore's disposable income per capita was projected to amount approximately 29.9 thousand U.S. dollars. Despite, Vietnam was predicted to have the highest CAGR in terms of middle income population with 10.1 percent from 2016 to 2021.