Your question: How much does the average Vietnamese earn?

What is the average income 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.

What is considered a good salary in Vietnam?

While there are some older expats and families, the majority of expats in Vietnam are in the 18-35 age group. Average Local Salary: The average monthly salary of a worker in Vietnam is about $148 per month; those in high paying jobs bring home around $500 per month.

How much is high income in Vietnam?

It is estimated, however, that the high-income segment (house income of $1500 USD / monthly and above) will become 4 times as many in 2020. In 2020, the number of households that has $750/month and above will be one third of the population. Is Vietnam market small?

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.

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Is Vietnam wealthy or poor?

Vietnam is now defined as a lower middle income country by the World Bank. Of the total Vietnamese population of 88 million people (2010), 13 million people still live in poverty and many others remain near poor. Poverty reduction is slowing down and inequality increasing with persistent deep pockets of poverty.

Is 3000 USD a good salary in Vietnam?

3,000 USD per month is plenty of money that will give you a comfortable life in Saigon so no worries. A nice 1-bedroom apartment will be around 600 usd and 2-bedromm will be around 1000 to 1200 usd depends. The rest is for food, dating and other small expenses.

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.

Is it cheap to live in Vietnam?

Vietnam is an inexpensive country to live in. Most items cost less than half of what you would pay in the West, and anywhere from 5% to 25% less than what they would cost in many other Southeast Asian countries. Vietnam’s most expensive city is Ho Chi Minh City, followed by Hanoi.

What is middle class in Vietnam?

The middle class is defined as households with per-capita spending of between $11 and $110 a day.

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.

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Is Vietnam low or middle income country?

The World Bank In Vietnam. Vietnam’s shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region.