HOME COMPARE YOUR SALARY COST OF LIVING CALCULATOR
Home
Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles
Cost of Living Calculator

Chief Financial Officer Average Salary in Vietnam 2020

How much money does a Chief Financial Officer make in Vietnam?


Average Monthly Salary
34,500,000 VND
( 414,000,000 VND yearly)

LOW
18,300,000
VND
AVERAGE
34,500,000
VND
HIGH
52,500,000
VND

A person working as a Chief Financial Officer in Vietnam typically earns around 34,500,000 VND per month. Salaries range from 18,300,000 VND (lowest) to 52,500,000 VND (highest).

This is the average monthly salary including housing, transport, and other benefits. Chief Financial Officer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Chief Financial Officer Salary Distribution in Vietnam

Median and salary distribution monthly Vietnam Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/vietnam/executive-and-management/chief-financial-officer/median-and-salary-distribution-monthly-vietnam-chief-financial-officer.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Chief Financial Officer salaries in Vietnam range from 18,300,000 VND per month (minimum salary) to 52,500,000 VND per month (maximum salary).

  • Median Salary

    The median salary is 32,400,000 VND per month, which means that half (50%) of people working as Chief Financial Officer(s) are earning less than 32,400,000 VND while the other half are earning more than 32,400,000 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 Chief Financial Officer(s) are earning less than 22,800,000 VND while 75% of them are earning more than 22,800,000 VND. Also from the diagram, 75% of Chief Financial Officer(s) are earning less than 39,900,000 VND while 25% are earning more than 39,900,000 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

Chief Financial Officer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Vietnam Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/vietnam/executive-and-management/chief-financial-officer/salary-comparison-by-years-of-experience-monthly-vietnam-chief-financial-officer.jpg

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 Chief Financial Officer salaries by experience level and this is what we found.

A Chief Financial Officer with less than two years of experience makes approximately 21,000,000 VND per month.

While someone with an experience level between two and five years is expected to earn 25,800,000 VND per month, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 36,600,000 VND per month, 42% 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, Chief Financial Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 42,700,000 VND per month, 17% 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 47,000,000 VND per month, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 49,700,000 VND per month, 6% more than people with fifteen to twenty years of experience.


Chief Financial Officer average salary change by experience in Vietnam

0 - 2 Years
21,000,000 VND
2 - 5 Years+23%
25,800,000 VND
5 - 10 Years+42%
36,600,000 VND
10 - 15 Years+17%
42,700,000 VND
15 - 20 Years+10%
47,000,000 VND
20+ Years+6%
49,700,000 VND
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Chief Financial Officer Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Vietnam Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/vietnam/executive-and-management/chief-financial-officer/salary-comparison-by-education-level-monthly-vietnam-chief-financial-officer.jpg

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 Chief Financial Officer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Chief Financial Officer is 25,500,000 VND per month.

While someone with a Certificate or Diploma gets a salary of 28,900,000 VND per month, 13% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 37,800,000 VND per month, 31% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 49,700,000 VND per month, 32% more than someone with Bachelor's Degree.


Chief Financial Officer average salary difference by education level in Vietnam

High School
25,500,000 VND
Certificate or Diploma+13%
28,900,000 VND
Bachelor's Degree+31%
37,800,000 VND
Master's Degree+32%
49,700,000 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Chief Financial Officer Salary Comparison By Gender

Salary comparison by gender monthly Vietnam Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/vietnam/executive-and-management/chief-financial-officer/salary-comparison-by-gender-monthly-vietnam-chief-financial-officer.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Chief Financial Officer employees in Vietnam earn 17% more than their female counterparts.

Female
31,300,000 VND
Male+17%
36,500,000 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/vietnam/salary-comparison-by-gender-monthly-vietnam.jpg

Chief Financial Officer Average Annual Salary Increment Percentage in Vietnam

How much are annual salary increments in Vietnam for Chief Financial Officer(s)? How often do employees get salary raises?

Chief Financial Officer

Chief Financial Officer(s) in Vietnam are likely to observe a salary increase of approximately 15% 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 Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/vietnam/executive-and-management/chief-financial-officer/annual-salary-increment-rate-vietnam-chief-financial-officer.jpg


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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/vietnam/annual-salary-increment-rate-vietnam.jpg

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Chief Financial Officer Bonus and Incentive Rates in Vietnam

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Vietnam Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/vietnam/executive-and-management/chief-financial-officer/annual-salary-bonus-rate-vietnam-chief-financial-officer.jpg

A Chief Financial Officer 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.

22% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 78% 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
78%
No Bonus
22%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/vietnam/public-vs-private-sector-salaries-monthly-vietnam.jpg

Where can you get paid more, working for a private company or for the government? Public sector Chief Financial Officer 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

Chief Financial Officer Salary Trend and Forecast in Vietnam

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

Salary trends and forecast monthly Vietnam Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/vietnam/executive-and-management/chief-financial-officer/salary-trends-and-forecast-monthly-vietnam-chief-financial-officer.jpg
Average Salary 2016
31,200,000 VND
Average Salary 2017+4%
32,300,000 VND
Average Salary 2018+2%
32,900,000 VND
Average Salary 2019+2%
33,600,000 VND
Percentage increase and decrease are relative to the previous value

Chief Financial Officer 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 2% 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.

Chief Financial Officer Average Hourly Wage in Vietnam


199,000 VND per hour

The average hourly wage (pay per hour) in Vietnam is 199,000 VND. This means that the average Chief Financial Officer in Vietnam earns approximately 199,000 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.

Chief Financial Officer VS Other Jobs

Salary Comparison Between Chief Financial Officer and Executive and Management monthly Vietnam
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/vietnam/executive-and-management/chief-financial-officer/salary-comparison-between-chief-financial-officer-and-executive-and-management-monthly-vietnam.jpg

The average salary for Chief Financial Officer is 47% more than that of Executive and Management. Also, Executive and Management salaries are 36% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator15,500,000 VND-55%
Administration Manager19,100,000 VND-45%
Area Manager18,000,000 VND-48%
Asset Protection Associate21,400,000 VND-38%
Assistant Director20,500,000 VND-41%
Assistant Manager21,400,000 VND-38%
Assistant Operations Manager22,000,000 VND-36%
Assistant Project Manager19,600,000 VND-43%
Assistant Section Head17,500,000 VND-49%
Assistant to CEO18,900,000 VND-45%
Assistant Vice President21,100,000 VND-39%
Associate Director21,400,000 VND-38%
Bid Manager22,800,000 VND-34%
Branch Manager23,200,000 VND-33%
Business Development Manager24,500,000 VND-29%
Business Operations Associate21,000,000 VND-39%
Business Operations Lead20,300,000 VND-41%
Campaign Manager22,000,000 VND-36%
Chairman of The Board36,300,000 VND+5%
Chairman Office Manager24,800,000 VND-28%
Chief Corporate Officer32,000,000 VND-7%
Chief Executive Officer38,000,000 VND+10%
Chief Financial Officer34,500,000 VND-0%
Chief of Staff18,800,000 VND-46%
Chief Operating Officer27,800,000 VND-19%
Chief Risk Officer25,100,000 VND-27%
Client Services Manager24,100,000 VND-30%
Commercial Project Manager21,400,000 VND-38%
Commodity Broker16,800,000 VND-51%
Corporate Affairs Executive23,500,000 VND-32%
Corporate Compliance Director26,500,000 VND-23%
Corporate Director26,200,000 VND-24%
Corporate Officer17,900,000 VND-48%
Corporate Partnerships Officer17,900,000 VND-48%
Country Manager29,000,000 VND-16%
Deputy Director28,000,000 VND-19%
Director28,800,000 VND-17%
Director of Accreditation24,600,000 VND-29%
Director of Catering Services22,900,000 VND-34%
Director of Client Services25,900,000 VND-25%
Director of Facilities Management21,800,000 VND-37%
Director of Operations24,600,000 VND-29%
Director of Process Simplification20,100,000 VND-42%
Director of Project Management26,100,000 VND-24%
Director of Revenue Management23,700,000 VND-31%
Director of Training and Development24,900,000 VND-28%
Distribution Manager27,500,000 VND-20%
Division Manager21,700,000 VND-37%
Duty Manager21,400,000 VND-38%
Engagement Manager28,000,000 VND-19%
Executive Director37,200,000 VND+8%
Executive Manager32,300,000 VND-6%
Franchise Manager32,700,000 VND-5%
General Manager30,500,000 VND-12%
Global Master Data Manager27,000,000 VND-22%
Head of Middle Office24,700,000 VND-28%
Head of Projects25,100,000 VND-27%
Head of Sustainability22,100,000 VND-36%
Housing Manager20,500,000 VND-41%
HSE Manager22,200,000 VND-36%
Key Account Manager22,600,000 VND-35%
Knowledge Manager25,700,000 VND-26%
Location Manager23,400,000 VND-32%
Logistics Manager20,800,000 VND-40%
Management Consultant21,400,000 VND-38%
Management Executive27,500,000 VND-20%
Manager25,300,000 VND-27%
Managing Director30,500,000 VND-12%
MIS Executive25,500,000 VND-26%
Ocean Services Manager28,000,000 VND-19%
Operations Assistant18,000,000 VND-48%
Operations Director30,100,000 VND-13%
Operations Executive27,900,000 VND-19%
Operations Manager29,300,000 VND-15%
Operations Supervisor24,500,000 VND-29%
Policy Administration Executive22,300,000 VND-35%
Private Sector Executive22,200,000 VND-36%
Product Development Manager25,700,000 VND-26%
Product Executive22,900,000 VND-34%
Production Executive24,900,000 VND-28%
Production Manager26,300,000 VND-24%
Production Supervisor21,600,000 VND-37%
Program Manager26,400,000 VND-24%
Programme Coordinator18,700,000 VND-46%
Project Control Manager26,300,000 VND-24%
Project Coordinator16,800,000 VND-51%
Project Management Officer18,400,000 VND-47%
Project Manager19,200,000 VND-44%
Project Portfolio Manager21,600,000 VND-37%
Quality Manager21,500,000 VND-38%
R/D Director24,100,000 VND-30%
Regional Director34,200,000 VND-1%
Regional Manager27,400,000 VND-21%
Relationship Manager25,600,000 VND-26%
Retail District Manager17,600,000 VND-49%
Revenue Manager20,200,000 VND-41%
Risk and Capital Manager28,300,000 VND-18%
Risk Officer19,700,000 VND-43%
Safety Manager19,800,000 VND-43%
Section Head20,000,000 VND-42%
Service Manager21,300,000 VND-38%
Shift Supervisor16,400,000 VND-52%
Solutions Manager19,000,000 VND-45%
Supervisor16,500,000 VND-52%
Supply Chain Manager28,500,000 VND-17%
Surveyor17,500,000 VND-49%
Technical Manager25,900,000 VND-25%
Territory Manager24,500,000 VND-29%
Validation Manager23,100,000 VND-33%
Vice President30,300,000 VND-12%
Zone Manager27,100,000 VND-21%

Salary Comparison By City

CityAverage Salary
Da Nang34,000,000 VND
Ha Noi35,900,000 VND
Hai Phong33,000,000 VND
Thanh Pho Ho Chi Minh39,400,000 VND
0 - 0

Cost of Living Calculator

Salary Calculator

Salary Increase Letters

Cost of Living Comparison

Career Articles

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2018