Average Salary in Vietnam

Average Salary in Vietnam?
Average Salary in Vietnam?


Are you curious about the average salary in Vietnam? Vietnam is a rapidly developing country located in Southeast Asia. As the country’s economy grows, so too do the wages of its citizens. In this article, we will dive into the average salaries in Vietnam, including what industries pay the most, the cost of living, and what factors can affect your earning potential.

Average Salary in Vietnam

According to data from the General Statistics Office of Vietnam, the average monthly income in Vietnam is around 6.5 million VND (280 USD) per person. This is relatively low compared to countries like the United States, where the median monthly income is about 4,000 USD. However, it is essential to remember that the cost of living in Vietnam is much lower than in the United States so a lower salary may go further in Vietnam.

Vietnam’s average salary is roughly equal to neighboring countries like Thailand, Cambodia, and Laos. Countries like Singapore and Malaysia have much higher average wages.

Average Salary in Vietnam 2023 - The Complete Guide

Here are the average salaries in Vietnam:

• Overall average salary in Vietnam: $330 to $590 per month
The overall average wages in Vietnam range from around $330 to $590 monthly. This depends on factors like industry, experience level, and location.

• Entry-level salaries: $190 to $330 per month
For entry-level positions and fresh graduates, average salaries range from $190 to $330 monthly.

• Experienced professionals: $500 to $1,000 per month
Mid to senior-level professionals with 5-10 years of experience can earn around $500 to $1,000 monthly on average. This salary range increases with more experience and specialization.

• Management positions: $1,000 to $2,000 per month
Managers and executives can earn as much as $1,000 to $2,000 monthly, depending on the industry, company size, and role. This is the higher end of average salaries in Vietnam.

• Salaries by industry:

  • IT: $500 to $3,000 per month
  • Manufacturing: $500 to $800 per month
  • Banking & Finance: $900 to $1,500 per month
  • Real Estate: $350 to $850 per month
  • FMCG: $350 to $700 per month

• Salaries by location:

  • Hanoi: $350 to $850 per month
  • Ho Chi Minh City: $400 to $1,100 per month
  • Da Nang: $250 to $750 per month

Salaries in Vietnam are relatively low compared to Western countries but have been increasing steadily in recent years. They also vary significantly depending on factors like industry, experience, and location within Vietnam.

Top-paying Industries in Vietnam

Specific industries in Vietnam pay higher salaries than others. The information technology sector is one of the highest-paying, with software engineers and web developers earning some of the highest wages in the country. Banking and Finance are also lucrative, particularly for those with advanced degrees or professional certifications. Manufacturing, particularly in the electronics sector, is also a top-paying industry. Finally, hospitality and tourism is another sector that pays relatively well, particularly for those in management positions.

Cost of Living in Vietnam

The cost of living in Vietnam is generally quite low. Housing prices are relatively low compared to other countries in the region, and food and drink can be found at meager prices. Transportation costs are also standard, mainly if you use public transportation. Healthcare costs are also lower than in many other countries, although the quality of care may not be as high.

Cost of living in Vietnam v/s the USA?

Here is a comparison of the cost of living in Vietnam vs. the USA:


• Housing: Much cheaper. You can rent a room for $200-$300/month or an apartment for $500-$800/month.

• Food: Significantly cheaper. Meals are only a few dollars, and grocery prices are much lower.

• Transportation: Cheaper. Gas is around $1/liter. Public transportation is very cheap.

• Health care: Much cheaper. Medical costs are a fraction of the prices in the US.

• Goods and Services: Many products and services are cheaper than in the US. Electronics, clothing, restaurants, etc.


• Housing: Much more expensive. The average rent for a 1-bedroom apartment is around $1,200-$1,500/month. Mortgages are higher as well.

• Food: Slightly more expensive. Grocery prices tend to be 10-20% higher. Restaurant meals are comparable or more expensive.

• Transportation: More expensive. Gas prices are typically $2.50-$3.50/gallon. Public transit tends to cost more.

• Health care: Significantly more expensive. Health insurance premiums and medical bills are much higher.

• Goods and Services: Generally, prices are higher for most consumer products and services.

The overall cost of living is significantly lower in Vietnam compared to the USA, especially for necessities like housing, food, and health care. Vietnam offers a reasonably affordable lifestyle for most ex-pats. The USA has a higher cost of living, though salaries tend to be higher to compensate somewhat.

Factors Affecting Earning Potential

Several factors can affect your earning potential in Vietnam. Education level is one of the most important, with those holding advanced degrees or professional certifications generally earning more than those with only a high school education. Professional experience is also essential, particularly in fields like banking and Finance. Location can also be a factor, with salaries generally higher in larger cities like Ho Chi Minh City and Hanoi. Finally, gender and age can also affect earning potential, although this is slowly beginning to change as the country becomes more progressive.


What is the minimum wage in Vietnam?

As of January 2021, the minimum wage in Vietnam is 1.49 million VND (65 USD) monthly.

What is the average salary for a software engineer in Vietnam?

The average salary for a software engineer in Vietnam is around 25 million VND (1,100 USD) per month.

How does the cost of living in Vietnam compare to other countries in Southeast Asia?

Generally speaking, the cost of living in Vietnam is lower than in many other countries. However, this can vary depending on the specific location and lifestyle.

Is it possible to save money while living in Vietnam?

Yes, it is possible to save money while living in Vietnam. As long as you are mindful of your expenses and live within your means, you should be able to save a portion of your income each month.

Are salaries in Vietnam expected to increase in the future?

Yes, salaries in Vietnam are expected to continue to increase as the country’s economy grows. As more foreign companies invest in Vietnam and the country’s infrastructure continues to improve, there will likely be more job opportunities and higher salaries. However, it is essential to keep in mind that the rate of increase may vary depending on the specific industry and location.


While the average salary in Vietnam may be lower than in some other countries, the cost of living is also lower, meaning that a lower wage can still go quite far. Specific industries, such as information techno, banking, and Finance, pay relatively high salaries, and there are many opportunities for those with advanced degrees or professional certifications. As the country develops, wages will likely continue to rise, making Vietnam an attractive destination for those looking to work abroad.

READ MORE: Average salary in India in USD?


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