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 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 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.

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 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.

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.

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.

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

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.

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.

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

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 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.

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.

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

In 2018, manufacturing labor costs in China were estimated to be **** U.S. dollars per hour. This is compared to an estimated **** U.S. dollars per hour in Mexico, and **** 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 ** 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 * U.S. dollars in 2018, hourly wages in the U.S. manufacturing sector hovered around ** 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.

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.

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.