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
While someone with an experience level between two and five years is expected to earn 12,800,000 VND per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 17,700,000 VND per month, 38% more than someone with two to five years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 23,500,000 VND per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 25,100,000 VND per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
While someone with a Bachelor's Degree gets a salary of 17,300,000 VND per month, 34% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 26,500,000 VND per month, 53% 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 86,100,000 Dong(s) to 258,000,000 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.
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 2021. 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.
45% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 55% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% 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.
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.
|Job Title||Average Salary|
|ABAP Developer||14,800,000 VND||-14%|
|Android Developer||16,000,000 VND||-7%|
|Angular Developer||15,200,000 VND||-12%|
|AS400 Programmer||18,000,000 VND||+5%|
|Avaloq Developer||15,100,000 VND||-12%|
|BizTalk Developer||18,300,000 VND||+6%|
|Build and Release Engineer||15,800,000 VND||-8%|
|Business Intelligence Developer||17,500,000 VND||+2%|
|Business Objects Developer||16,300,000 VND||-5%|
|C# Developer||17,400,000 VND||+1%|
|C++ Developer||18,200,000 VND||+6%|
|CMS Developer||14,400,000 VND||-16%|
|Curam Developer||13,700,000 VND||-20%|
|Developer / Programmer||17,500,000 VND||+2%|
|Flash Developer||14,100,000 VND||-18%|
|Front End Developer||14,100,000 VND||-18%|
|Full Stack Developer||17,900,000 VND||+4%|
|Game Developer||14,700,000 VND||-15%|
|GIS Developer||15,700,000 VND||-9%|
|Graphical User Interface ( GUI ) Programmer||14,900,000 VND||-13%|
|Graphics Programmer||14,900,000 VND||-13%|
|Imaging Programmer||15,400,000 VND||-10%|
|IOS Developer||17,400,000 VND||+1%|
|Java Developer||17,900,000 VND||+4%|
|Lead Developer||19,700,000 VND||+15%|
|Mobile Developer||17,600,000 VND||+2%|
|Multimedia Developer||15,000,000 VND||-13%|
|Nodejs Developer||16,900,000 VND||-2%|
|Oracle Developer||17,600,000 VND||+2%|
|Perl Developer||13,600,000 VND||-21%|
|PHP Developer||14,800,000 VND||-14%|
|Python Developer||17,300,000 VND||+1%|
|Remedy Developer||13,200,000 VND||-23%|
|Ruby Developer||15,400,000 VND||-10%|
|Salesforce Developer||13,100,000 VND||-24%|
|SAS Programmer||15,100,000 VND||-12%|
|Sharepoint Developer||17,600,000 VND||+2%|
|Software Development Manager||21,200,000 VND||+23%|
|Software QA Engineer||15,300,000 VND||-11%|
|Software Test Engineer||14,900,000 VND||-13%|
|Teradata Developer||14,000,000 VND||-19%|
|TIBCO Developer||14,100,000 VND||-18%|
|User Experience Designer||15,300,000 VND||-11%|
|VB Developer||13,300,000 VND||-23%|
|VB.NET Developer||16,500,000 VND||-4%|
|Da Nang||16,000,000 VND|
|Ha Noi||18,200,000 VND|
|Hai Phong||15,300,000 VND|
|Thanh Pho Ho Chi Minh||17,800,000 VND|
Where can you get paid more, working for a private company or for the government? Public sector employees in Vietnam earn 8% more than their private sector counterparts on average across all sectors.