Vietnam: HCM City Leads the Average Salary Rankings

Posted on by

By: Dezan Shira & Associates
Editor: Koushan Das

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. The data was compiled from 4.7 million job applications and 95,000 job postings in 2017 on Vietnamworks, an online recruitment platform. As per the report, 59 percent of monthly salaries ranged from US$ 251 (VND 5.7 million) to US$ 500 (VND 11.37 million).

DZS RELATED: Pre-Investment Advisory Services from Dezan Shira & Associates

Salary by location

HCM City led with a minimum monthly average salary of US$ 456 (VND 10.37 million), 38 percent higher than the national average. Da Nang, central Vietnam’s economic hub ranked second at a monthly average at US$ 452, followed by Binh Duong, Bac Ninh, and Hanoi at US$ 444, US$ 421, and US$ 407 respectively.

Related-Reading-Icon-Asean Link RELATED: Vietnam: Minimum Wages on the Rise in 2018

Salary level

According to the report, recent graduates have high expectations compared to experienced and senior professionals. Around 72 percent of new graduates earn between US$ 251 to US$ 500 (VND 5.7-11.4 million) per month. However, jobs with monthly salaries ranging from US$ 701 to US$ 1,000 (VND 15.9-22.6 million) attracted the highest number of applicants, which highlights the high expectations of recent graduates. New recruits job openings account for only 6 percent of the listed openings, which makes it very competitive for graduates.

Experienced professionals tend to be better informed about the average salaries in the market. Most of the experienced applicants view jobs with monthly salaries US$ 701 to US$ 1,000, but are still comfortable with lower than average salaries. The monthly range varies a lot, from USS$ 251 to US$ 1,000, and jobs for experienced professionals account for the majority of the job openings at 68 percent.

Related-Reading-Icon-Asean Link RELATED: Vietnam’s New Payroll Obligations in 201

Expectations of management-level professionals vary based on location. Candidates in Ho Chi Minh City, Hanoi, Binh Duong, and Quang Ninh apply for jobs with an average monthly salary of US$ 1,000 to US$ 2,000 while Da Nang residing candidates apply for jobs with lower monthly averages of US$ 700 to US$ 1,000. For managerial positions, 60 percent of the companies are comfortable with monthly salaries above US$ 1,000 per month (VND 22.7 million), while 15 percent of applicants at the managerial level were paid a monthly salary above US$ 3,000 (VND 68 million).

Salary by industry

Monthly salaries from US$ 501 to US$ 700 attracted the highest number of applicants from the administrative, clerical, and production industry. Industries such as accounting, media, advertisement, marketing, architecture, construction, and customer care accounted for the highest number of job applicants with a salary range of US$ 701 to US$ 1,000.

Related-Reading-Icon-Asean Link RELATED: Vietnamese Labor Contracts: What You Need to Know


Salaries in Vietnam are rising faster than any other Southeast Asian country, as per a survey by employment website The average annual growth rate in Vietnam stood at 20 to 24 percent, compared to 14 to 20 percent in Indonesia, Thailand, the Philippines, Myanmar, and Singapore.

In 2017, management and executive salaries grew the fastest at 26 and 35 percent respectively. This trend will likely to continue in 2018 as well. Overall recruitment demands in Vietnam will continue to grow as foreign investment pours in and domestic and foreign companies continue with their expansion plans.


Vietnam Briefing is published by Asia Briefing, a subsidiary of Dezan Shira & Associates. We produce material for foreign investors throughout Eurasia, including ASEANChinaIndiaIndonesiaRussia & the Silk Road. For editorial matters please contact us here and for a complimentary subscription to our products, please click here.

Dezan Shira & Associates provide business intelligence, due diligence, legal, tax and advisory services throughout the Vietnam and the Asian region. We maintain offices in Hanoi and Ho Chi Minh City, as well as throughout China, South-East Asia, India, and Russia. For assistance with investments into Vietnam please contact us at or visit us at


Related Reading Icon-VB

dsa brochureDezan Shira & Associates Brochure 
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Operational throughout China, ASEAN and India, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region. This brochure provides an overview of the services and expertise Dezan Shira & Associates can provide.

DSA_Doing Business in Vietnam 2017_cover_126x90pxAn Introduction to Doing Business in Vietnam 2017
An Introduction to Doing Business in Vietnam 2017 will provide readers with an overview of the fundamentals of investing and conducting business in Vietnam. Compiled by Dezan Shira & Associates, a specialist foreign direct investment practice, this guide explains the basics of company establishment, annual compliance, taxation, human resources, payroll, and social insurance in this dynamic country.

VB_2016_12_en_Managing_Contracts_and_Severance_in_Vietnam_-_Cover (1)

Managing Contracts and Severance in Vietnam
In this issue of Vietnam Briefing, we discuss the prevailing state of labor pools in Vietnam and outline key considerations for those seeking to staff and retain workers in the country. We highlight the increasing demand for skilled labor, provide in depth coverage of existing contract options, and showcase severance liabilities that may arise if workers or employers choose to terminate their contracts.

Leave a Reply

Your email address will not be published. Required fields are marked *

Dezan Shira & Associates

Meet the firm behind our content. Dezan Shira & Associates have been servicing foreign investors in China, India and the ASEAN region since 1992. Click here to visit their professional services website and discover how they can help your business succeed in Asia.

News via PR Newswire

Never Miss an Update

Subscribe to gain even better insights into doing business in Vietnam. Subscribing also lets you to take full advantage of all our website features including customizable searches, favorite, wish list and gift functions and access to otherwise restricted content.

Scroll to top