In the first quarter of 2025, the average monthly salary for paid workers and employees was about *** million Vietnamese dong, indicating an increase from the previous quarter. The labor force reached about ** 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 2024, the average monthly income per capita in Vietnam reached approximately *** 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.

Wages in Vietnam increased to 8374.30 VND Thousand/Month in the third quarter of 2025 from 8249.90 VND Thousand/Month in the second quarter of 2025. This dataset provides - Vietnam Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 2025, the average monthly salary for male paid workers was around *** million Vietnamese dong, indicating an increase from the previous quarter. Meanwhile, the average monthly salary for female paid workers was around *** million Vietnamese dong. The labor force reached about ** million people in that quarter.

In 2023, on average, a citizen of Ha Noi earned around **** million Vietnamese dong per month. Compared to the income level in 2010, per capita monthly average income was more than three times higher in 2023 in the capital of Vietnam.

Wages in Manufacturing in Vietnam decreased to 8400 VND Thousand/Month in the first quarter of 2024 from 10300 VND Thousand/Month in the fourth quarter of 2023. This dataset provides - Vietnam Wages In Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Vietnam remained unchanged at 4960 VND Thousand/Month in 2025 from 4960 VND Thousand/Month in 2024. This dataset provides - Vietnam Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Singapore Monthly Earnings

• Singapore Monthly Earnings stood at 4,587 USD in Dec 2024, compared with the previous figure of 4,654 USD in Sep 2024
• Singapore Monthly Earnings data is updated quarterly, available from Mar 1995 to Dec 2024, with an average number of 2,913 USD
• The data reached the an all-time high of 4,654 USD in Sep 2024 and a record low of 1,452 USD in Sep 1998

CEIC converts quarterly Monthly Earnings into USD. The Singapore Department of Statistics provides Average Monthly Earnings in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Mean Gross Monthly Income is used which covers all income earned from employment of employed residents only, including self-employed persons who have made Central Provident Fund. Monthly Earnings prior to Q2 2021 are based on SSIC 2010 which be a different methodology. Average Monthly Earnings were used which cover all remuneration received, from employed residens and non-residents, excluding self-employed persons who have made Central Provident Fund.


Further information about Singapore Monthly Earnings

• In the latest reports, Singapore Population reached 6 million people in Jun 2024
• Unemployment Rate of Singapore increased to 2 % in May 2023
• The country's Labour Force Participation Rate dropped to 68 % in Jun 2024

Vietnam’s real gross domestic product (GDP) has been experiencing positive growth for the past five years since 2019, and is projected to continue to do so through 2030. In 2023, Vietnam’s real GDP increased by around five percent compared to the previous year. Learning from real GDP Real gross domestic product (GDP) is a measure that reflects the value of all goods and services an economy produces within a given year. It is expressed in base-year prices, and is thus an inflation-adjusted way to compare a country’s economic output through the years. The GDP growth rate is a significant indicator of a country’s economic health, as it reacts to the economy’s expansions and contractions. Vietnam’s optimistic future As indicated by the positive growth rate of its real GDP, Vietnam’s economy is expanding due to growth in exports, domestic demand, and the manufacturing sector. As the economy expands, so does the total expenditure of Vietnamese consumers. The average monthly income per capita in Vietnam increased to almost 3.8 percent in 2018, and is spent on fast moving consumer goods from popular brands like Vinamilk and P/S.

In 2024, the urban population in Vietnam stood at approximately 39 million people. The six largest urban agglomerations include Hanoi, Hai Phong, Da Nang, Bien Hoa, Ho Chi Minh City, and Can Tho. On the other hand, Ben Tre, Thai Binh, and Bac Giang had the lowest rates of urbanization in the country. Urbanization in Vietnam The rapid urbanization in Vietnam results in a disproportionate population density between its urban and rural areas. For instance, in 2022, Ho Chi Minh City recorded a population density of 4,481 inhabitants per square kilometer, nearly 15 times the country's average population density in the same year. The urban population is consistently increasing due to the country’s economic reforms and infrastructure development, as well as higher living standards. For example, the monthly income per capita in urban areas is nearly half as much as that in rural areas. Nevertheless, the poverty rate in Vietnam has been consistently diminishing each year, roughly at 4.2 percent as of 2022. Urban infrastructure in Vietnam Vietnam has made significant progress in developing its urban infrastructure, especially in major cities like Hanoi and Ho Chi Minh City. The expansion of highways, seaports, and airports has enhanced domestic and international connectivity, as well as greatly contributed to the country’s logistic industry. For instance, Hanoi and Ho Chi Minh City are developing a metro system which is expected to be put into operation in 2024. The country has also invested in modern healthcare facilities, schools, and commercial centers. However, challenges such as traffic jams, limited public transportation services, and environmental pollution still require significant efforts to meet the growing demands of the Vietnamese urban population.