HR

Salary guide in Vietnam

Linh Pham

August 25, 2020

HR

Salary guide in Vietnam

Linh Pham

August 25, 2020

When establishing a business in Vietnam, managers, besides digging deep into Law on investment, Law on enterprises, should do research on a salary standard of “hot” fields in Vietnam. Each major has a different salary floor, hence understanding the standard can help entrepreneurs seduce talents, specialists since a handsome salary is considered extrinsic motivation. This article provides you precise information about the minimum wage in Vietnam and suggested the salary guide for some “hot” sectors. 


Regulations about salary in Vietnam

According to the Degree 90/ 2019/ ND-CP, the minimum salary for employees working in region I is VND 4.420.000/ month. Employees working in region II receive the minimum salary of VND 3.920.000/ month while the minimum salary of region III is VND 3.430.000/ month.  (The areas of region I, II and III will be listed here).
As to working hours: the Labor Code provides a maximum 8-hour working day and 48-hour working week. Adhering to the international standards, this enables foreign enterprises to develop and follow a consistent global strategy since they can incorporate the existing work practices into their Vietnamese production chains.


Fresh graduate salary in Vietnam

Based on a report in 2019, fresh graduate Vietnamese students made one-sixth the income of the Singaporean counterparts. Job Street, a job advertising company presented that the average minimum salary of an entry-level in Vietnam was USD 250 per month. Meanwhile, this figure was much lower than Malaysia (USD 493), Thailand (USD 605) and Singapore (USD 1, 481).

The minimum and maximum salary of the entry-level in 5 Southeast Asia countries (Source: Vietnam express)

Salary guide of some “hot” fields in Vietnam

This part provides you salary information about 5 “hot” fields in Vietnam. In the previous article, the salary guideline for IT vacancies has been presented, then you can get what salary floor for these IT-related positions. Then six fields are medicine, tourism – hospitality (hotel, F&B, and recreation), accountant, graphic design, and marketing. 

These figures used in this part come from two publications written by Adecco Vietnam and First Alliances

Notes: These numbers mentioned below come from the two leading HR companies in Vietnam (Adecco Vietnam and First Alliances).

Tourism – Hospitality

The salary of tourism – hospitality is divided into three sub-parts: hotels, F&B chain and recreations. 

Salary guide in Vietnam - Hotel
Salary guide in Vietnamese hotel in terms of departments namely sales and marketing, operation, executive, and F&B kitchen.

Salary guide in Vietnam - F&B
Salary guide in Vietnam F&B sub-sector.
Salary guide in Vietnam - Recreation
Salary guide in the Vietnamese recreation including golf, gambling, spa and fitness.

Accounting

Salary guide in Vietnam - Accounting
Salary guide of external finance service and management consulting service in Vietnam.
Salary guide in Vietnam - Accounting
Salary guide of internal accounting and finance in Vietnam.

Graphic Design

Overall, an entry-level graphic designer (1-3 years of experience) earns an average salary of 225,841,991 VND/year. On the other end, a senior level graphic designer (8+ years of experience) earns an average salary of 385,972,894 VND/year. The average base salary is 308,973,962 VND/year.

In Hanoi, an entry-level graphic designer (1-3 years of experience) earns an average salary of 228,777,117 VND/year. On the other end, a senior level graphic designer (8+ years of experience) earns an average salary of 390,989,142 VND/year. The average base salary is 312,989,503 VND/year.

In HCM City, an entry-level graphic designer (1-3 years of experience) earns an average salary of 217,711,655 VND/year. On the other end, a senior level graphic designer (8+ years of experience) earns an average salary of 372,077,829 VND/year. The average base salary is 297,850,867 VND/year.

Marketing

The salary of marketing is different from the position of each industry like marketing for FMCG, marketing for healthcare and so forth.

Marketing for FMCG

Salary guide in Vietnam - Marketing in FMCG

Marketing in healthcare

Salary guide in Vietnam - Marketing in Healthcare

In conclusion, it is inevitable for enterprises to catch up with the salary standards so that managers are able to distribute an appropriate salary to each employee. The minimum and maximum salary are varied from field to field, years of experience and education. This article hopes to provide you essential information about the salary of some fields in Vietnam. Viettonkin is always ready to assist you in researching the market as well as offering professional services in HR. 

Related posts

HR

Unlocking Opportunities: A Comprehensive Guide to Talent Acquisition in Vietnam

One of the most concerns for foreign investors when entering the Vietnamese market is the labor landscape and the intricate legal regulations governing personnel recruitment ...
Read more
Doing Business

Internal Mobility vs. Foreign Labor: HR Strategies in Vietnam

In the dynamic realm of global business, Vietnam stands as a strategic hub for companies expanding their operations. However, this growth introduces unique HR challenges, ...
Read more
Doing Business

Internal Mobility Mastery in FDI Enterprises in Vietnam

In the sphere of Foreign Direct Investment (FDI) enterprises, realizing the potential of internal mobility takes center stage. This strategic workforce approach entails the seamless ...
Read more
Doing Business

Hiring Remote Workers: Navigating Vietnam’s Talent Landscape

Embark on a transformative journey in workforce management with this insightful guide on hiring remote workers. Tailored for businesses embracing the trend of remote jobs, ...
Read more

Download our Latest Ebook about Real Estate and Property!

Real estate holds a pivotal position in the development of a country, not only via the spillover impacts on other economic sectors such as construction, manufacturing, tourism, finance and banking etc. but also affecting the social dynamic by mobilizing the residency and infrastructure system. Foreign direct investment in real estate (RFDI) in Vietnam has a long running history and is unique in that it is largely dominated by the private sector compared to other industries which usually still have a rather large Government involvement. International capital has consistently been selecting real estate as the destination of choice, given that RDI has always been in the top 2 and 3 for volume inflow over the last 10 years, even throughout extremely turbulent periods such as COVID-19, per the General Statistics Office of Vietnam’s (GSO) data. Find out more in this ebook edition.

Tải cuốn ebook mới nhất về nền kinh tế số Việt Nam!

The digital economy of Vietnam has been fueled and accelerated by the global digital trends and the pandemic Covid-19. The movement of digital transformation is underway in every corner of Vietnamese life, strongly influencing the way people do things. Digital economy is the future of the Vietnam economy. Realizing the potential of the digital economy, the Vietnam government has issued policies, guidelines and created legal frameworks to support and further enhance this economy. In this ebook edition, the digital economy is looked at from different angles. Perspectives from the key elements comprising Vietnam digital economy are examined and discovered.

Our Happy Clients