As we have said that the average salary is 17,200,000 VND (753.42 USD) Per Month, the lowest average is 4,360,000 VND ($ 191.00) and the highest recorded payment is 76,900,000 VND 3,368.49 USD) every month of a year.
Average Salary in Vietnam 2022:
|Less than 2 years||4,360,000 VND ($ 191.00)|
|More than 2 years||17,200,000 VND (753.42 USD)|
|More than 5 years||76,900,000 VND 3,368.49 USD)|
Read More: Average Salary in Spain
Vietnam is a fast-developing country with a rich culture and a tendency for tourists; it is a hubbub of economic activity. So, when it comes to wages and salaries, the average salary in Vietnam is typically 17,200,000 VND ($754) per month. And within that, the average salaries in Vietnam range from 4,360,000 VND ($191) to 76,900,000 VND ($3371).
However, the average income in Vietnam varies according to professions, years of education, experience, and even gender.
Average Salary in Vietnam Based on Experience
The most prominent factor influencing the salaries in Vietnam is experience level.
A person with 2 to 5 years of experience typically earns around 32% more than a person with less than 2 years of experience. A person with 5 to 10 years of experience would earn 36% more than those with 2 to 5 years of experience. A jump to 10 to 15 years of experience provides them with a further 21% increment. Lastly, those with more than 20 years of experience earn, on average, 9% more than those with 15 to 20 years of experience.
Average Salary in Vietnam by different job titles:
|Job Title||Average Salary|
|Mineral and Metallurgy Sector||9.2million VND/month or $403/month|
|Banking Industry||7.6million VND/month or $333/month|
|Textile Industry||2.5 million VND ($109)|
|Food Industry||3.1 million VND ($135)|
|Administrative Staff||5 million ($219) to 6.5 million ($285)|
|CEO’s||100 million ($4384) to 300 million VND ($13,154).|
Read More: Average Salary in Luxembourg
Average Salaries in Vietnam Based on Education
Apart from years of experience, education also has a huge role to play. So much so that the average salary in Vietnam differs between people doing the same job with the same level of experience but with different levels of education.
Having a certificate or diploma can earn around 17% more than a fresh high schooler. Upgrading from a diploma to a bachelor’s degree presents an increment of 24%. A Ph.D. holder earns an average of 23% more than a master’s degree holder.
However, a change in salary always depends upon the location and most importantly career fields.
Average Salaries in Vietnam Based on Career Fields
With a wide range of professions in an even diverse range of industries, there is a huge divide in salary levels within Vietnam. The sectors paying the highest average salary in Vietnam are Mineral and Metallurgy (9.2million VND/month or $403/month), banking (7.6million VND/month or $333/month) while similar jobs within other sectors like Textile or Food pay a small 2.5 million VND ($109) to 3.1 million VND ($135) to their labors per month.
In addition, there is an even wider gap amongst different positions within an organization. For example, the average salary for administrative staff would be between 5 million ($219) to 6.5 million ($285) VND while CEOs earn between 100 million ($4384) to 300 million VND ($13,154).
Read More: Average Salary in Turkey
Average Salaries in Vietnam Based on Gender
Even though it should not be the case, gender still does affect the average salary in Vietnam. On average, women employees earn 11% less than their male counterparts across all sectors. This pay gap might be less than in other countries, but it is still a discriminator.
In conclusion, one cannot just look at the average salary and base their opinions around it. Rather it is better to understand what influences salaries and work according to it to live a comfortable life in Vietnam.