Wage and salary in Vietnam are very dissimilar across occupations and contrast starkly between urban and rural areas. The average wage per person in Vietnam is around 3.45 million VND ($150) a month and differentiated by many factors.
In this post
What is a good income in Vietnam?
Average Local Salary: The average monthly salary of a worker in Vietnam is about $148 per month; those in high paying jobs bring home around $500 per month.
How much is high income in Vietnam?
It is estimated, however, that the high-income segment (house income of $1500 USD / monthly and above) will become 4 times as many in 2020. In 2020, the number of households that has $750/month and above will be one third of the population.
How much money does the average Vietnamese person make?
In the fourth quarter of 2020, paid workers and employees in rural Vietnam earned on average around 6.2 million Vietnamese dong per month. Meanwhile, the average monthly salary for paid workers and employees in urban Vietnam was slightly higher, at approximately 7.3 million Vietnamese dong.
What is the average salary in Vietnam 2022?
In the long-term, the Vietnam Average Monthly Wages is projected to trend around 7340.00 VND Thousand/Month in 2022 and 7550.00 VND Thousand/Month in 2023, according to our econometric models.
What is a good salary in Ho Chi Minh?
A person working in Thanh Pho Ho Chi Minh typically earns around 19,500,000 VND per month. Salaries range from 4,940,000 VND (lowest average) to 87,200,000 VND (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.
Is $100 a lot of money in Vietnam?
In Vietnam, USD $100 Can Get You:
15-18 nights in a budget hotel, or 5-8 nights in a three-star accommodation in Hanoi. 15-20 mid-priced restaurant meals. 1 one-way trip from Hanoi to Da Nang via Livitrans luxury train.
What is considered upper middle class in Vietnam?
Vietnam has its sights set on becoming a developing, upper-middle-income country with modern industry by 2030, when it celebrates the 100th anniversary of the founding of the Communist Party of Vietnam. Upper-middle-income economies have GNI per capita of $4,046 to $12,535.
What is considered middle class in Vietnam?
Vietnam’s middle class population – currently at 10% – is believed to be the fastest growing in Southeast Asia. The middle class earning USD 714 a month or more in Vietnam will double to 33 million people, about a third of the population, between 2014 and 2020, according to Boston Consulting Group.
How much is a house in Vietnam?
The average home in Vietnam costs approximately $4,500. Monthly rent varies, but the average cost is about $650, and this price often includes utilities.
What is a good salary in Hanoi?
The average wage in Hanoi is of 410 US dollar as of 2020, while the average salary in Ho Chi Minh is of 395 US dollars. Vietnam has some of the fastest growing salaries in Asia.
How much is a house in Vietnam in Dong?
Below you can find the average prices for street-view houses in different districts, reported by Batdongsan.com.vn: District 1: VND 490 million (USD 21,120) / square meter. District 3: VND 314 million (USD 13,534) / square meter. District 10: VND 261 million (USD 11,250) / square meter.
How much do I need to retire in Vietnam?
If you plan to fund your retirement on only Social Security or a small pension, your monthly budget will go far here. Many expats live comfortably in Vietnam on less than $1200 per month. Regardless if your tastes are modest or luxury, your living costs are less than what you would spend in a MCOL city in the US.
How much is a car in Vietnam?
The price range for hatchbacks is 120,000 – 500,000, mid-size sedans range from 600,000 – 12,00,000 and luxury sedans range from 14,00,000 – 45,00,000. SUV’s start at 900,000 and go up to 60,00,000.
What is the average salary in Ho Chi Minh City?
According to a recent study by Vietnamworks, Ho Chi Minh City has the highest monthly average salary in Vietnam at US$ 456 (VND 10.37 million), 38 percent higher than the national average.
How much does a doctor make in Vietnam?
A person working in Doctor / Physician in Vietnam typically earns around 40,500,000 VND per month. Salaries range from 14,900,000 VND (lowest average) to 68,300,000 VND (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.
What are the highest paying jobs in Vietnam?
- Surgeons / Doctors. Salary Range: from 34,000,000 VND to 97,400,000 VND.
- Judges. Salary Range: from 28,500,000 VND to 81,800,000 VND.
- Lawyers. Salary Range: from 23,100,000 VND to 66,200,000 VND.
- Bank Managers.
- Chief Executive Officers.
- Chief Financial Officers.
- Orthodontists.
- College Professors.
How much is rent in Vietnam?
Vietnam’s most expensive city is Ho Chi Minh City, followed by Hanoi. Even in these two places, a couple can enjoy a comfortable, middle-class lifestyle for less than $1,300 per month.
Cost of Living in Vietnam.
| Expense | U.S. $ |
|---|---|
| Apartment rental (one bedroom) | $400 to $900 |
| Electricity | $60 to $80 |
| Water | $2 |
| Cell phone with unlimited data | $3 |
How much do expats make in Vietnam?
A 2018 HSBC survey found that, taking all professional fields into consideration, the average annual expat income in Vietnam is $90,000 US. Coupled with the cost of living, Vietnam ranks first in the world for increased savings and expendable income.
What can 1 dollar buy you in Vietnam?
- And there are many more things you can buy for $1 in Vietnam:
- A cup of coffee.
- 1 cup of fruit smoothie or sugarcane juice.
- 1 A loaf of Vietnamese Baguette.
- A Conical Hat (Non la)
- Some Vietnamese Stamps.
Is Vietnam cheaper than Thailand?
Overall, the cost of living in Vietnam is lower than Thailand, even in a major city such as Ho Chi Minh City. As an expat, you can expect to pay about 20 to 30% less than you would in Thailand, although not everything will be more affordable.