A person working as an Accounting Manager in Vietnam typically earns around 22,400,000 VND per month. Salaries range from 11,400,000 VND (lowest) to 34,500,000 VND (highest).
This is the average monthly salary including housing, transport, and other benefits. Accounting Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accounting Manager salaries in Vietnam range from 11,400,000 VND per month (minimum salary) to 34,500,000 VND per month (maximum salary).
The median salary is 22,000,000 VND per month, which means that half (50%) of people working as Accounting Manager(s) are earning less than 22,000,000 VND while the other half are earning more than 22,000,000 VND. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Accounting Manager(s) are earning less than 15,000,000 VND while 75% of them are earning more than 15,000,000 VND. Also from the diagram, 75% of Accounting Manager(s) are earning less than 27,700,000 VND while 25% are earning more than 27,700,000 VND.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Accounting Manager salaries by experience level and this is what we found.
An Accounting Manager with less than two years of experience makes approximately 12,800,000 VND per month.
While someone with an experience level between two and five years is expected to earn 16,700,000 VND per month, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 23,400,000 VND per month, 40% more than someone with two to five years of experience.
Additionally, Accounting Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 28,200,000 VND per month, 20% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 30,600,000 VND per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 33,000,000 VND per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+31%|
|5 - 10 Years||+40%|
|10 - 15 Years||+20%|
|15 - 20 Years||+9%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Accounting Manager salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of an Accounting Manager is 14,700,000 VND per month.
While someone with a Bachelor's Degree gets a salary of 22,100,000 VND per month, 50% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 32,700,000 VND per month, 48% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Vietnam costs anywhere from 86,800,000 Dong(s) to 260,000,000 Dong(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Accounting Manager employees in Vietnam earn 19% more than their female counterparts.
Accounting Manager(s) in Vietnam are likely to observe a salary increase of approximately 13% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Vietnam for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
An Accounting Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
21% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Where can you get paid more, working for a private company or for the government? Public sector Accounting Manager employees in Vietnam earn 8% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+3%|
Accounting Manager salaries in Vietnam are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Accounting Manager is 33% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||10,600,000 VND||-53%|
|Account Executive||15,800,000 VND||-30%|
|Accounting Assistant||11,400,000 VND||-49%|
|Accounting Associate||11,500,000 VND||-49%|
|Accounting Clerk||8,640,000 VND||-61%|
|Accounting Coordinator||9,550,000 VND||-57%|
|Accounting Manager||22,400,000 VND||-0%|
|Accounting Supervisor||15,600,000 VND||-30%|
|Accounting Technician||10,700,000 VND||-52%|
|Accounts Executive||14,200,000 VND||-37%|
|Accounts Payable and Receivable Specialist||13,200,000 VND||-41%|
|Accounts Payable Clerk||9,080,000 VND||-60%|
|Accounts Payable Manager||17,200,000 VND||-23%|
|Accounts Receivable Clerk||9,470,000 VND||-58%|
|Accounts Receivable Manager||19,600,000 VND||-13%|
|Assistant Accounting Manager||14,200,000 VND||-37%|
|Assistant Auditor||13,300,000 VND||-41%|
|Audit Supervisor||23,000,000 VND||+3%|
|Auditing Clerk||11,600,000 VND||-48%|
|Auditing Manager||22,700,000 VND||+1%|
|Billing Coordinator||14,500,000 VND||-35%|
|Billing Specialist||13,200,000 VND||-41%|
|Billing Supervisor||15,800,000 VND||-30%|
|Bookkeeping Specialist||12,200,000 VND||-46%|
|Budget Analyst||14,600,000 VND||-35%|
|Budget Manager||20,000,000 VND||-11%|
|Business Support Analyst||16,200,000 VND||-28%|
|Capital Markets Associate||17,700,000 VND||-21%|
|Cash Flow Analyst||17,400,000 VND||-22%|
|Cash Management Officer||15,900,000 VND||-29%|
|Cashbook Clerk||11,300,000 VND||-50%|
|Chartered Accountant||15,200,000 VND||-32%|
|Collections Clerk||8,540,000 VND||-62%|
|Collections Specialist||11,400,000 VND||-49%|
|Corporate Treasurer||30,100,000 VND||+34%|
|Cost Accountant||13,900,000 VND||-38%|
|Cost Accounting Manager||19,000,000 VND||-15%|
|Cost Analyst||16,700,000 VND||-26%|
|Credit and Collection Manager||19,300,000 VND||-14%|
|Credit and Collection Staff||9,690,000 VND||-57%|
|Credit and Loans Officer||9,760,000 VND||-56%|
|Credit Controller||16,800,000 VND||-25%|
|Debt Adviser||20,500,000 VND||-9%|
|Debt Collector||15,000,000 VND||-33%|
|Debtors Clerk||12,200,000 VND||-46%|
|Deputy CFO||31,100,000 VND||+39%|
|Derivative Trader||23,000,000 VND||+3%|
|Escrow Assistant||13,500,000 VND||-40%|
|External Auditor||17,400,000 VND||-22%|
|Finance Associate||13,200,000 VND||-41%|
|Finance Executive||27,900,000 VND||+24%|
|Finance Licensing Clerk||10,400,000 VND||-54%|
|Finance Licensing Manager||17,300,000 VND||-23%|
|Finance Licensing Specialist||14,100,000 VND||-37%|
|Finance Officer||19,500,000 VND||-13%|
|Finance President||33,900,000 VND||+51%|
|Finance Relationship Manager||23,000,000 VND||+3%|
|Finance Release Analyst||16,000,000 VND||-29%|
|Finance Team Leader||18,400,000 VND||-18%|
|Financial Actuary||16,300,000 VND||-27%|
|Financial Administrator||14,800,000 VND||-34%|
|Financial Analyst||18,300,000 VND||-18%|
|Financial Applications Specialist||11,400,000 VND||-49%|
|Financial Assistant||10,700,000 VND||-52%|
|Financial Associate||13,300,000 VND||-41%|
|Financial Claims Analyst||15,400,000 VND||-31%|
|Financial Claims Manager||18,100,000 VND||-19%|
|Financial Commercial Analyst||14,600,000 VND||-35%|
|Financial Compliance Analyst||17,700,000 VND||-21%|
|Financial Consultant||16,500,000 VND||-26%|
|Financial Controller||17,000,000 VND||-24%|
|Financial Coordinator||14,500,000 VND||-35%|
|Financial Customer Service Manager||20,000,000 VND||-11%|
|Financial Dealer and Broker||15,100,000 VND||-33%|
|Financial Encoder||10,100,000 VND||-55%|
|Financial Manager||34,700,000 VND||+55%|
|Financial Operations Manager||24,600,000 VND||+10%|
|Financial Policy Analyst||17,300,000 VND||-23%|
|Financial Project Manager||17,000,000 VND||-24%|
|Financial Quantitative Analyst||18,400,000 VND||-18%|
|Financial Reporting Consultant||16,200,000 VND||-28%|
|Financial Reporting Manager||21,100,000 VND||-6%|
|Financial Services Sales Agent||14,800,000 VND||-34%|
|Fixed Assets Administrator||13,800,000 VND||-38%|
|Forensic Accountant||13,000,000 VND||-42%|
|Fraud Detection Supervisor||16,200,000 VND||-28%|
|Fraud Prevention Manager||25,600,000 VND||+14%|
|Fund Accountant||12,300,000 VND||-45%|
|Grants Coordinator||10,900,000 VND||-51%|
|Internal Auditor||18,200,000 VND||-19%|
|Internal Control Adviser||18,200,000 VND||-19%|
|Internal Control Officer||15,900,000 VND||-29%|
|Inventory Accountant||27,000,000 VND||+20%|
|Investment Analyst||21,100,000 VND||-6%|
|Investment Fund Manager||22,900,000 VND||+2%|
|Investment Underwriter||10,700,000 VND||-52%|
|Investor Relations Manager||20,600,000 VND||-8%|
|KYC Team Leader||20,900,000 VND||-7%|
|Management Economist||18,300,000 VND||-18%|
|Payroll Clerk||10,200,000 VND||-55%|
|Payroll Manager||18,100,000 VND||-19%|
|Pensions Administrator||12,800,000 VND||-43%|
|Pricing Analyst||19,600,000 VND||-13%|
|Private Equity Analyst||19,000,000 VND||-15%|
|Proposal Development Coordinator||12,500,000 VND||-44%|
|Receivables Accountant||11,000,000 VND||-51%|
|Regulatory Accountant||13,700,000 VND||-39%|
|Retirement Plan Analyst||17,700,000 VND||-21%|
|Revenue Management Specialist||15,400,000 VND||-31%|
|Revenue Recognition Analyst||22,900,000 VND||+2%|
|Risk Management Director||27,700,000 VND||+24%|
|Risk Management Supervisor||19,900,000 VND||-11%|
|Tax Accountant||11,900,000 VND||-47%|
|Tax Advisor||17,100,000 VND||-24%|
|Tax Associate||13,200,000 VND||-41%|
|Tax Manager||24,800,000 VND||+11%|
|Treasury Accountant||13,200,000 VND||-41%|
|Treasury Analyst||18,700,000 VND||-17%|
|Underwriting Assistant||8,990,000 VND||-60%|
|Vice President of Finance||24,900,000 VND||+11%|
|Da Nang||22,700,000 VND|
|Ha Noi||24,300,000 VND|
|Hai Phong||21,100,000 VND|
|Thanh Pho Ho Chi Minh||25,400,000 VND|