Vietnam Salary Guide 2023 introduced

The Vietnam Salary Guide 2023 was officially introduced on December 12, providing practical insights and data on key industries, allowing organisations and individuals to make better preparations for next year.

ManpowerGroup Vietnam introduced the guide for the first time in the context of Vietnam’sstrong economic recovery and foreign direct investment inflows in recent years, which have contributed significantly to the bright outlook of Vietnam’s labour market post-pandemic. However, the double disruption by the pandemic and digital transformation has brought about significant changes to the hiring demand and human resource strategies of businesses.

Andree Mangels, general manager of ManpowerGroup Vietnam said, “Salary trends in Vietnam have witnessed a significant development in recent years. Vietnamese white-collar workforce’s salary has risen gradually partly due to inflation, but also thanks to the significant improvement in workers’ skills over the years.”

The Vietnam Salary Guide 2023 covers 12 industries and skillsets and the most critical positions, from middle level, senior to C-suite level. This comprehensive guide includes the labour market’s highlights and hiring trends for each industry, top sought-after positions, and most importantly, the average salary range for hundreds of roles in 12 key industries.

The National Assembly in November approved an increase in the base salary for employees in state agencies by 20.8 per cent to VND1.8 million ($78.26). The salary of state employees is counted by multiplying the base salary with the salary coefficient, which is different among state employees based on their working duration, position and others.

Annually, Vietnam also considers increasing the minimum monthly wage for workers in different regions.

The monthly salary of labourers in Vietnam is about $300, much lower than the region’s average of $1,992 and the world’s at $2,114.

Bich Thuy

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