What is the average salary in Vietnam in 2025?
Vietnam’s economy is growing steadily, attracting both locals and expatriates.…
Vietnam’s economy is growing steadily, attracting both locals and expatriates. Understanding the Vietnam average salary is key for those working or investing here. This article explores Vietnam average salary trends in 2025, industry variations, and income factors.
What is the Average Salary in Vietnam?
The average salary in Vietnam varies depending on factors such as industry, location, and experience. As of 2024, the estimated average monthly salary in Vietnam is 9,000,000 VND to 18,000,000 VND ($375 – $750), while the average yearly salary ranges from 108,000,000 VND to 216,000,000 VND ($4,500 – $9,000).
According to the Viet Nam Ministry of Labor, War Invalids and Social Affairs, in the first 6 months of 2024, the average income of workers was 8.4 million VND/month, an increase compared to the same period last year.
Source: tuoitre
1. Salary by Experience Level
Experience significantly impacts earnings, with mid-career professionals often earning the most.
| Experience Level | Average Annual Salary (USD) |
|---|---|
| 20+ years | $24,000 |
| 16 – 20 years | $28,000 |
| 12 – 16 years | $24,000 |
| 8 – 12 years | $22,500 |
| 4 – 8 years | $16,500 |
| 2 – 4 years | $10,500 |
| 1 – 2 years | $7,200 |
| 0 – 1 year | $5,600 |
2. Salary by Education Level
Higher academic qualifications generally lead to better pay.
| Education Level | Average Annual Salary (USD) |
|---|---|
| Doctorate Degree | $23,500 |
| Master’s Degree | $20,600 |
| Bachelor’s Degree | $14,800 |
| Some College | $11,500 |
| High School Diploma | $10,700 |
| Below High School | $4,700 |
3. Salary by City
Economic activity and cost of living influence wages across different regions.
| City | Average Annual Salary (USD) |
|---|---|
| Hanoi | $12,000 |
| Ho Chi Minh City | $11,500 |
| Haiphong | $10,200 |
4. Salary by Work Type
Self-employed individuals and full-time workers tend to earn more than contract or part-time employees.
| Work Type | Average Annual Salary (USD) |
|---|---|
| Self-Employed | $18,000 |
| Full-Time | $17,200 |
| Contract | $13,500 |
| Part-Time | $7,000 |
5. Salary by Profession
Industries such as finance, IT, and healthcare offer higher salaries than traditional sectors.
| Profession | Average Annual Salary (USD) |
|---|---|
| Dentist | $32,000 |
| HR Manager | $21,500 |
| JavaScript Developer | $21,200 |
| Electrical Engineer | $21,000 |
| Project Manager | $19,800 |
| Financial Analyst | $19,600 |
| Business Development Analyst | $18,500 |
These insights provide a comprehensive look into salary structures in Vietnam, helping businesses and professionals make informed decisions.
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Minimum and Median Salary in Vietnam
- Minimum Wage (2024): The government sets regional minimum wages between 4,680,000 VND and 5,000,000 VND ($185 – $200) per month.
- Median Salary: The median salary in Vietnam is around 12,000,000 VND ($500) per month, meaning half of the workforce earns above this figure while the other half earns less.
Factors Influencing Salaries in Vietnam
Several factors determine salary levels in Vietnam:
- Education & Skills: Higher qualifications and technical expertise lead to better pay.
- Work Experience: More experienced professionals command higher salaries.
- Industry Demand: IT, finance, and healthcare sectors offer competitive salaries due to high demand.
- Company Size & Foreign Investment: MNCs and foreign-invested companies generally pay better than local firms.
- Location: Urban areas provide higher wages compared to rural regions.
Vietnam’s Average Salary vs. Other Countries
Vietnam’s average salary remains lower than many countries due to its developing economy. In 2024, the average monthly salary was around $300, totaling $3,600 per year (90 million VND).
For comparison:
- Japan: $2,230/month, $30,993/year
- Germany: $55,450/year
- USA: $65,470/year
- Pakistan: $3,531/year (lower than Vietnam)
- Mexico: $11,715/year (higher than Vietnam but below developed nations)
These figures highlight Vietnam’s growing yet modest income levels on the global scale.
Salary Trends and Future Outlook
- Wage Growth: Vietnam’s average wages are expected to grow by 5-7% annually, driven by foreign investments and economic expansion.
- Tech & Digital Jobs Boom: AI, blockchain, and e-commerce are increasing salary levels in IT-related sectors.
- Rising Cost of Living: Salary growth is crucial to match inflation and higher living expenses, especially in major cities.
Conclusion
Vietnam’s average salary in 2024 reflects its developing economy, with competitive wages in high-demand industries. Understanding salary trends helps job seekers and investors make informed decisions. Whether you are planning to work in Vietnam or hire talent, knowing the salary benchmarks is essential.
What is the average salary in Vietnam per month?
It ranges from 9,000,000 VND to 18,000,000 VND ($375 – $750).
What is the average salary in Vietnam in USD?
On average, it is $4,500 – $9,000 per year.
Which job pays the highest salary in Vietnam?
IT, finance, and management roles offer the highest salaries, with some positions exceeding 50,000,000 VND ($2,000) per month.
What is the minimum wage in Vietnam in 2025?
The minimum wage varies by region, ranging from 4,680,000 VND to 5,000,000 VND ($185 – $200) per month.
Is Vietnam a good place to work for foreigners?
Yes, Vietnam offers attractive salaries, low cost of living, and job opportunities in tech, education, and business sectors.
