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Average Salary in Thanh Pho Ho Chi Minh 2024

How much money does a person working in Thanh Pho Ho Chi Minh make?


Average Monthly Salary
19,600,000 VND
( 235,000,000 VND yearly)

LOW
4,940,000
VND
AVERAGE
19,600,000
VND
HIGH
87,200,000
VND
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Thanh Pho Ho Chi Minh typically earns around 19,600,000 VND. Salaries range from 4,940,000 VND (lowest average) to 87,200,000 VND (highest average, actual maximum salary is higher).


Salary Variance

This is the average salary including housing, transport, and other benefits. Salaries in Thanh Pho Ho Chi Minh vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.



Pay Scale and Salaries in Thanh Pho Ho Chi Minh

Median and salary distribution Thanh Pho Ho Chi Minh monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
36,300,000 VND or more
10% of people earn
28,400,000 to 36,300,000 VND
20% of people earn
11,100,000 VND or less
65% of people earn
11,100,000 to 28,400,000 VND
Minimum Salary
4,940,000
VND
Median
16,700,000
VND
Maximum
87,200,000
VND




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Thanh Pho Ho Chi Minh range from 4,940,000 VND (starting salary) to 87,200,000 VND (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 16,700,000 VND, which means that 50% of the population in Thanh Pho Ho Chi Minh earns less than that while the other half earns more. 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 and Salary Scale

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population in Thanh Pho Ho Chi Minh earn less than 12,100,000 VND while 75% of them earn more. Also from the diagram, 75% of the population earn less than 25,300,000 VND while 25% earn more than that.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights into how salaries are actually distributed in Thanh Pho Ho Chi Minh. Around 65% of all reported figures are in the range 11,100,000 VND to 28,400,000 VND. Approximately 20% fall under the 11,100,000 VND cap. Ten percent of wages are from 28,400,000 VND to 36,300,000 VND. Only 5% of people grossed 36,300,000 VND or more.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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Salary is primarily determined by the level of experience one possesses, with higher levels of experience resulting in higher wages.

In Thanh Pho Ho Chi Minh, employees with two to five years of experience typically earn an average of 32% more than entry-level and junior workers in all industries and fields.

Individuals with more than five years of experience tend to earn an average of 36% more than those with less than five years of experience.

After ten years of work, salaries increase by 21%, with an additional 14% increase for those who have worked for over 15 years.

These figures should be used as rough estimates, as considering individual job titles can lead to more accurate assessments.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

The correlation between higher education and higher salary is widely acknowledged, but how much of an income increase can one expect from obtaining a degree?

We conducted a study in Thanh Pho Ho Chi Minh comparing the salaries of professionals with different levels of college degrees who held similar positions in various industries.

Our results showed that individuals with a certificate or diploma earned an average of 17% more than those who only completed high school.

Those who obtained a Bachelor's Degree earned 24% more than their counterparts with a certificate or diploma.

Professionals with a Master's Degree earned 29% more than those with a Bachelor's Degree.

Finally, those who held a PhD earned an average of 23% more than those with a Master's Degree while performing the same job.


Is investing in a Master's degree or an MBA worth it? Is pursuing higher education worth the investment?

Earning a Master's degree or any post-graduate qualification in Vietnam is a substantial financial commitment, with tuition fees ranging from 86,400,000 VND to 259,000,000 VND and a duration of around two years. It's important to note that during this period, any salary increases are unlikely, assuming ongoing employment. Salary reviews are typically conducted after completing the program and obtaining the degree.

Many individuals pursue advanced education as a means of transitioning to higher-paying positions, and the statistics indicate that this is an effective strategy. On average, individuals who change jobs after earning a higher degree receive a salary increase of about 10% more than the typical annual raise.

Ultimately, deciding whether or not to pursue advanced education depends on a variety of factors, including the personal situation and experience. However, if one can afford the financial costs of obtaining a higher degree, the return on investment is likely to be worthwhile, with the ability to recoup the costs in approximately a year.



Salary and Compensation Comparison By Gender / Thanh Pho Ho Chi Minh

Salary comparison by gender Vietnam monthly
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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? In Vietnam, the average difference between the salary of male and female employees is 11% across all career fields.

Male
18,000,000 VND
Female-10%
16,200,000 VND
Percentage increase and decrease are relative to the previous value


Average Annual Salary Increment Percentage in Thanh Pho Ho Chi Minh

How much are annual salary increments in Thanh Pho Ho Chi Minh? How often do employees get salary raises?

Vietnam

Employees in Vietnam are likely to observe a salary increase of approximately 9% every 17 months.

Annual Salary Increment Rate Vietnam
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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.

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates in Vietnam

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Vietnam
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100% of surveyed staff in Vietnam reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
%
No Bonus
100%

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.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

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.

Salaries for popular jobs. Salaries by occupations.

Job TitleAverage Salary
Accounting and Finance
Accountant13,400,000 VND
Accounting Assistant10,100,000 VND
Accounting Manager29,100,000 VND
Bookkeeper8,470,000 VND
Chartered Accountant16,400,000 VND
Corporate Treasurer25,500,000 VND
Financial Analyst24,800,000 VND
Financial Manager38,400,000 VND
Internal Auditor18,400,000 VND

Administration / Reception / Secretarial
Administrative Assistant10,200,000 VND
Office Manager16,400,000 VND
Receptionist9,080,000 VND
Secretary8,230,000 VND

Advertising / Graphic Design / Events
Art Director18,200,000 VND
Creative Director19,500,000 VND
Graphic Designer11,600,000 VND
Photographer10,600,000 VND

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer24,400,000 VND
Air Traffic Controller20,300,000 VND
Flight Attendant12,800,000 VND
Pilot33,200,000 VND

Architecture
Architect23,100,000 VND
CAD Drafter9,520,000 VND

Automotive
Mechanic6,810,000 VND
Service Advisor13,000,000 VND

Banking
Bank Branch Manager36,000,000 VND
Teller7,090,000 VND

Bilingual
Teacher14,400,000 VND
Translator16,400,000 VND

Business Planning
Business Analyst24,400,000 VND
Business Development Manager31,000,000 VND
Project Manager25,000,000 VND

Care Giving and Child Care
Nanny8,000,000 VND
Nursery Teacher7,390,000 VND

Construction / Building / Installation
Civil Engineer18,400,000 VND
Construction Project Manager31,900,000 VND
Health and Safety Officer8,830,000 VND

Customer Service and Call Center
Call Center Representative6,820,000 VND
Customer Service Manager24,600,000 VND
Customer Service Representative7,320,000 VND

Engineering
Civil Engineer17,500,000 VND
Electrical Engineer18,600,000 VND
Engineer18,500,000 VND
Mechanical Engineer18,800,000 VND

Executive and Management
Chief Executive Officer40,900,000 VND
Chief Financial Officer39,500,000 VND
General Manager31,900,000 VND
Project Manager21,300,000 VND

Food / Hospitality / Tourism / Catering
Chef11,600,000 VND
Executive Chef13,900,000 VND
Hotel Manager33,800,000 VND
Receptionist7,440,000 VND
Travel Agent12,300,000 VND
Waiter / Waitress5,940,000 VND

Health and Medical
Dentist43,400,000 VND
Dietitian35,500,000 VND
Laboratory Technician14,900,000 VND
Nurse14,900,000 VND

Human Resources
Human Resources Manager27,600,000 VND
Human Resources Officer11,800,000 VND

Information Technology
Computer Technician15,000,000 VND
Database Administrator19,200,000 VND
Developer / Programmer18,800,000 VND
Information Technology Manager32,600,000 VND
Network Engineer16,700,000 VND

Law Enforcement / Security / Fire
Police Officer11,600,000 VND

Legal
Attorney37,900,000 VND
Legal Assistant9,880,000 VND

Media / Broadcasting / Arts / Entertainment
Journalist21,100,000 VND

Pharmaceutical and Biotechnology
Biomedical Engineer16,900,000 VND
Pharmacist23,800,000 VND

Sales Retail and Wholesale
Cashier6,950,000 VND
Sales Manager33,100,000 VND
Sales Representative12,100,000 VND

Teaching / Education
Elementary School Teacher12,500,000 VND
Secondary School Teacher16,000,000 VND

Average Hourly Wage in Thanh Pho Ho Chi Minh


113,000 VND per hour

The average hourly wage (pay per hour) for all employees in Thanh Pho Ho Chi Minh is 113,000 VND.This is the rate that the average individual gets paid for every worked hour.


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

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for a person in Thanh Pho Ho Chi Minh is 28,500 VND. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Da Nang17,500,000 VND
Ha Noi18,700,000 VND
Hai Phong16,300,000 VND
Thanh Pho Ho Chi Minh19,600,000 VND

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Vietnam is 8% on average across all career fields.

Private Sector
16,500,000 VND
Public Sector+8%
17,800,000 VND
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Thanh Pho Ho Chi Minh?

It is extremely difficult to give an exact figure of a good salary when no specific job is selected, however; an estimate can be provided based purely on the cost of living. A good compensation in Thanh Pho Ho Chi Minh would range anywhere between 16,700,000 VND and 25,300,000 VND.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary in Thanh Pho Ho Chi Minh ranges from 4,940,000 VND to 12,100,000 VND. The base salary depends on many factors including profession, experience, and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


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

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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