Best answer: What is the minimum wage in Vietnam 2019?

What is the minimum wage in Vietnam 2020?

Latest update: The minimum wage in Vietnam will be increased from 1,490,000 VND/month (US$63,8) to 1,600,000 VND/month (US$68,5), an increase of 110,000 VND and valid from July 1st, 2020. This is in accordance with Decree 86/2019/QH14 on Nov 12, 2019 about Government’s budget plan in 2020.

What is the basic salary in Vietnam?

Minimum Wage

According to the Vietnamese government, the minimum wage in Vietnam ranges from 3.07 to 4.42 million VND/month. It equates to roughly 133-191 US dollars per month. The minimum wage depends on the employee’s region: Region I (urban HCMC (Ho Chi Minh City) and Hanoi): 4,420,000 VND/month.

What is the average income for a person in Vietnam?

Per capita monthly income of Vietnamese people was averaged at 4.2 million VND (182.7 USD) in 2020, down 1 percent year-on-year, according to a survey conducted by the General Statistics Office (GSO).

What’s a good salary in Vietnam?

Wage and salary in Vietnam are very dissimilar across occupations and contrast starkly between urban and rural areas. The average wage per person in Vietnam is around 3.45 million VND ($150) a month and differentiated by many factors.

Average Salary.

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Career Average monthly salary (VND/USD)
Real Estate 17 million VND ~ $720 US

Does Vietnam have minimum wage?

Vietnam’s yearly minimum wage is $1,002.00 in International Currency.

What is the unemployment rate in Vietnam?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Vietnam unemployment rate for 2020 was 2.27%, a 0.23% increase from 2019. Vietnam unemployment rate for 2019 was 2.04%, a 0.88% increase from 2018.

How much money is considered rich in Vietnam?

According to Knight Frank’s report, in order to be included in the 1% richest people in Vietnam, one needs to have assets worth at least US$160,000. For Monaco, which has the world’s densest population of super-rich, the entry point for the principality’s branch of the 1% club is US$7.9 million.

How much is rent in Vietnam?

Cost of Living in Vietnam: $700 to $1,400 per month

Expense Cost $USD
Rent (Western-style 1-bedroom) $400
Utilities (including fast wifi) $70
Transportation (motorbike + gas, or month of Grab motos) $60
Food (mix of local & international) $300

How much is a house in Vietnam in USD?

Home prices in Vietnam are considered very affordable compared to other property hotspots favoured by Chinese such as Bangkok. A high-end property in central Ho Chi Minh City costs USD3,000 to USD 6,000 per square meter while its equivalent in Bangkok costs around USD7,000 to USD9,000 per square meter.

How much does it cost to buy a house in Vietnam?

The average home in Vietnam costs approximately $4,500. Monthly rent varies, but the average cost is about $650, and this price often includes utilities.

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