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Accounting Manager Average Salary in Vietnam 2020

How much money does an Accounting Manager make in Vietnam?

Average Monthly Salary
22,400,000 VND
( 269,000,000 VND yearly)


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 Salary Distribution in Vietnam

Median and salary distribution monthly Vietnam Accounting Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting Manager salaries in Vietnam range from 11,400,000 VND per month (minimum salary) to 34,500,000 VND per month (maximum salary).

  • Median 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.

  • Percentiles

    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.

What is the difference between the median and the average salary?

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

Accounting Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Vietnam Accounting Manager
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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.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

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.

Accounting Manager average salary change by experience in Vietnam

0 - 2 Years
12,800,000 VND
2 - 5 Years+31%
16,700,000 VND
5 - 10 Years+40%
23,400,000 VND
10 - 15 Years+20%
28,200,000 VND
15 - 20 Years+9%
30,600,000 VND
20+ Years+8%
33,000,000 VND
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Accounting Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Accounting Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Vietnam Accounting Manager
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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.

Accounting Manager average salary difference by education level in Vietnam

Certificate or Diploma
14,700,000 VND
Bachelor's Degree+50%
22,100,000 VND
Master's Degree+48%
32,700,000 VND
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

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.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Accounting Manager Salary Comparison By Gender

Salary comparison by gender monthly Vietnam Accounting Manager
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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.

20,500,000 VND
24,500,000 VND
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Vietnam for all Careers

Salary comparison by gender monthly Vietnam
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Accounting Manager Average Annual Salary Increment Percentage in Vietnam

How much are annual salary increments in Vietnam for Accounting Manager(s)? How often do employees get salary raises?

Accounting Manager

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.

Annual Salary Increment Rate Vietnam Accounting Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Vietnam / All Professions

Annual Salary Increment Rate Vietnam
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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.

How to calculate the salary increment percentage?

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

The average salary increase in one year (12 months) in Vietnam is 6%.

Annual Increment Rate By Industry 2019

Information Technology

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.

Worldwide Salary Raises: All Countries and All Jobs

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Accounting Manager Bonus and Incentive Rates in Vietnam

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Vietnam Accounting Manager
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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.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

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.

Bonuses Are Not Commissions!

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.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting 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.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Vietnam
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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.

Private Sector
16,600,000 VND
Public Sector+8%
17,900,000 VND
Percentage increase and decrease are relative to the previous value

Accounting Manager Salary Trend and Forecast in Vietnam

How are Accounting Manager salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Vietnam Accounting Manager
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Average Salary 2016
20,100,000 VND
Average Salary 2017+4%
20,800,000 VND
Average Salary 2018+2%
21,300,000 VND
Average Salary 2019+3%
22,000,000 VND
Percentage increase and decrease are relative to the previous value

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.

Accounting Manager Average Hourly Wage in Vietnam

129,000 VND per hour

The average hourly wage (pay per hour) in Vietnam is 129,000 VND. This means that the average Accounting Manager in Vietnam earns approximately 129,000 VND for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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.

Accounting Manager VS Other Jobs

Salary Comparison Between Accounting Manager and Accounting and Finance monthly Vietnam
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner10,600,000 VND-53%
Account Executive15,800,000 VND-30%
Accountant11,400,000 VND-49%
Accounting Assistant11,400,000 VND-49%
Accounting Associate11,500,000 VND-49%
Accounting Clerk8,640,000 VND-61%
Accounting Coordinator9,550,000 VND-57%
Accounting Manager22,400,000 VND-0%
Accounting Supervisor15,600,000 VND-30%
Accounting Technician10,700,000 VND-52%
Accounts Executive14,200,000 VND-37%
Accounts Payable and Receivable Specialist13,200,000 VND-41%
Accounts Payable Clerk9,080,000 VND-60%
Accounts Payable Manager17,200,000 VND-23%
Accounts Receivable Clerk9,470,000 VND-58%
Accounts Receivable Manager19,600,000 VND-13%
Assistant Accounting Manager14,200,000 VND-37%
Assistant Auditor13,300,000 VND-41%
Audit Supervisor23,000,000 VND+3%
Auditing Clerk11,600,000 VND-48%
Auditing Manager22,700,000 VND+1%
Billing Coordinator14,500,000 VND-35%
Billing Specialist13,200,000 VND-41%
Billing Supervisor15,800,000 VND-30%
Bookkeeper9,080,000 VND-60%
Bookkeeping Specialist12,200,000 VND-46%
Budget Analyst14,600,000 VND-35%
Budget Manager20,000,000 VND-11%
Business Support Analyst16,200,000 VND-28%
Capital Markets Associate17,700,000 VND-21%
Cash Flow Analyst17,400,000 VND-22%
Cash Management Officer15,900,000 VND-29%
Cashbook Clerk11,300,000 VND-50%
Chartered Accountant15,200,000 VND-32%
Collections Clerk8,540,000 VND-62%
Collections Specialist11,400,000 VND-49%
Corporate Treasurer30,100,000 VND+34%
Cost Accountant13,900,000 VND-38%
Cost Accounting Manager19,000,000 VND-15%
Cost Analyst16,700,000 VND-26%
Credit and Collection Manager19,300,000 VND-14%
Credit and Collection Staff9,690,000 VND-57%
Credit and Loans Officer9,760,000 VND-56%
Credit Controller16,800,000 VND-25%
Debt Adviser20,500,000 VND-9%
Debt Collector15,000,000 VND-33%
Debtors Clerk12,200,000 VND-46%
Deputy CFO31,100,000 VND+39%
Derivative Trader23,000,000 VND+3%
Escrow Assistant13,500,000 VND-40%
External Auditor17,400,000 VND-22%
Finance Associate13,200,000 VND-41%
Finance Executive27,900,000 VND+24%
Finance Licensing Clerk10,400,000 VND-54%
Finance Licensing Manager17,300,000 VND-23%
Finance Licensing Specialist14,100,000 VND-37%
Finance Officer19,500,000 VND-13%
Finance President33,900,000 VND+51%
Finance Relationship Manager23,000,000 VND+3%
Finance Release Analyst16,000,000 VND-29%
Finance Team Leader 18,400,000 VND-18%
Financial Actuary16,300,000 VND-27%
Financial Administrator14,800,000 VND-34%
Financial Analyst18,300,000 VND-18%
Financial Applications Specialist11,400,000 VND-49%
Financial Assistant10,700,000 VND-52%
Financial Associate13,300,000 VND-41%
Financial Claims Analyst15,400,000 VND-31%
Financial Claims Manager18,100,000 VND-19%
Financial Commercial Analyst14,600,000 VND-35%
Financial Compliance Analyst17,700,000 VND-21%
Financial Consultant16,500,000 VND-26%
Financial Controller17,000,000 VND-24%
Financial Coordinator14,500,000 VND-35%
Financial Customer Service Manager20,000,000 VND-11%
Financial Dealer and Broker15,100,000 VND-33%
Financial Encoder10,100,000 VND-55%
Financial Manager34,700,000 VND+55%
Financial Operations Manager24,600,000 VND+10%
Financial Policy Analyst17,300,000 VND-23%
Financial Project Manager17,000,000 VND-24%
Financial Quantitative Analyst18,400,000 VND-18%
Financial Reporting Consultant16,200,000 VND-28%
Financial Reporting Manager21,100,000 VND-6%
Financial Services Sales Agent14,800,000 VND-34%
Fixed Assets Administrator13,800,000 VND-38%
Forensic Accountant13,000,000 VND-42%
Fraud Detection Supervisor16,200,000 VND-28%
Fraud Prevention Manager25,600,000 VND+14%
Fund Accountant12,300,000 VND-45%
Grants Coordinator10,900,000 VND-51%
Internal Auditor18,200,000 VND-19%
Internal Control Adviser18,200,000 VND-19%
Internal Control Officer15,900,000 VND-29%
Inventory Accountant27,000,000 VND+20%
Investment Analyst21,100,000 VND-6%
Investment Fund Manager22,900,000 VND+2%
Investment Underwriter10,700,000 VND-52%
Investor16,500,000 VND-26%
Investor Relations Manager20,600,000 VND-8%
KYC Team Leader20,900,000 VND-7%
Management Economist18,300,000 VND-18%
Paymaster12,700,000 VND-43%
Payroll Clerk10,200,000 VND-55%
Payroll Manager18,100,000 VND-19%
Pensions Administrator12,800,000 VND-43%
Pricing Analyst19,600,000 VND-13%
Private Equity Analyst19,000,000 VND-15%
Proposal Development Coordinator12,500,000 VND-44%
Receivables Accountant11,000,000 VND-51%
Regulatory Accountant13,700,000 VND-39%
Retirement Plan Analyst17,700,000 VND-21%
Revenue Management Specialist15,400,000 VND-31%
Revenue Recognition Analyst22,900,000 VND+2%
Risk Management Director27,700,000 VND+24%
Risk Management Supervisor19,900,000 VND-11%
Tax Accountant11,900,000 VND-47%
Tax Advisor17,100,000 VND-24%
Tax Associate13,200,000 VND-41%
Tax Manager24,800,000 VND+11%
Teller7,530,000 VND-66%
Treasury Accountant13,200,000 VND-41%
Treasury Analyst18,700,000 VND-17%
Underwriter10,500,000 VND-53%
Underwriting Assistant8,990,000 VND-60%
Vice President of Finance24,900,000 VND+11%

Salary Comparison By City

CityAverage Salary
Da Nang22,700,000 VND
Ha Noi24,300,000 VND
Hai Phong21,100,000 VND
Thanh Pho Ho Chi Minh25,400,000 VND
12689479 - 2

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