What is minimum wage in Vietnam in US dollars?

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 Vietnamese salary?

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.

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

Does Vietnam have low wages?

Vietnam’s statutory minimum wage is far below what a person needs to cover the essentials such as food, housing, healthcare and education. But even the wages most garment workers earn on top of the minimum wage fall short of what is considered a living wage.

Can you live on $1000 a month in Vietnam?

How much does it cost to live in Vietnam? $700 on the low end of the range, up to $1,400 for mid-range expats. This averages living costs across many months—you may spend more getting set up, but many expats average $1,000 per month. … It does not include expat health insurance, which can run about $500 a year.

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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 money do I need to retire in Vietnam?

Compared to the US, those are some ridiculously low salaries. Before you get too excited at the thought of retiring to Vietnam on a $500 a month budget, know that most Westerners would not be comfortable living “local”: smaller housing, street food, and fewer creature comforts than in their home country.

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.

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.

What is the minimum wage in Hanoi Vietnam?

Region I and Region II

Region 1, which covers the urban areas under Hanoi and Ho Chi Minh, is set to maintain a minimum wage of 4.42mn VND. At the same time, both Hanoi’s and Ho Chi Minh City’s rural areas, as well as major urban areas such as Can Tho, Da Nang and Hai Phong, will maintain it at 3.92mn VND.

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How much is cost of living in Vietnam?

Even in these two places, a couple can enjoy a comfortable, middle-class lifestyle for less than $1,300 per month. Many Westerners who live in Hanoi and Ho Chi Minh City get by spending around $500 per month, but it’s a no-frills lifestyle.

Cost of Living in Vietnam.

Expense U.S. $
Monthly Total: $899 to $1,469