What is the average salary in Vietnam?

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 income 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.

Is $100 a lot in Vietnam?

What USD $100 buys you in Vietnam. Travelers to Vietnam turn into instant millionaires overnight, as 100 US dollars gets you 2,340,000 Vietnamese Dong (VND). While you won’t exactly be rich by Vietnamese standards, you’ll be set for a comfortable week’s worth of travel.

What is considered middle class in Vietnam?

A member of the middle class is defined by a monthly income of VND 15 million or more, which gives them significant purchasing power.

How much does a house cost 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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What is the highest paying job in Vietnam?

The top 5 currently highest paid jobs in Vietnam

  1. Finance/Investment. Finance and investment were the fields that have the highest salary according to the report of VietnamWorks 2019. …
  2. Banking. …
  3. Programmer and Information Technology Industry. …
  4. Construction engineer. …
  5. Marketing.

How much money do I need to retire in Vietnam?

How much does it cost to retire in Vietnam? $960 per month to live comfortably in Vietnam. For less than $12,000 per year, you can hit gym, eat out frequently, and enjoy beers on the beach. To ensure you have money for visa runs and incidental expenses, let’s round the total to $1,000 per month.

What is considered upper class in Vietnam?

As of 2016, Vietnam boasts the world’s fastest growing percentage of ultra-high-net-worth individuals, which they define as those having a net worth of at least USD 30 million.