In 2020, the average monthly income per capita in Vietnam reached approximately 4.19 million Vietnamese dong, indicating a slight decrease from the previous year.
What is the average monthly wage in Vietnam?
The average salary in Vietnam is 6.1 million Vietnamese Dong (VND) per month, according to the July 2021 press release by the General Statistics Office of Vietnam. As per the August 2021 exchange rate, this is equivalent to 277 USD/month. In Vietnam, it’s common to pay employees a 13th-month salary as an annual bonus.
How much money does an average Vietnamese make?
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 is considered high income in Vietnam?
The latest GDP per capita in 2014 has just surpassed $2000 USD. Even the two biggest cities – Ho Chi Minh and Hanoi has just over $5000 and $3000 GDP per capita respectively. 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.
How much money do I need to live in Vietnam?
Cost of Living in Vietnam: $700 to $1,400 per month
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.
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.
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.
How much salary is good in Vietnam?
The average wage per person in Vietnam is around 3.45 million VND ($150) a month and differentiated by many factors. Like many other economies in the world, the type of jobs firstly divides the salary level in Vietnam.
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 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.
Is 1000 dollars a lot in Vietnam?
But, if you don’t mind modest living, $1000 for two is going to cover all your needs (and more). This amount of money is going to cover everything from the accommodation, food, phone expenses, utilities, bike rentals, expat health insurance, insanely delicious coffee, and tours.
What are the disadvantages of living in Vietnam?
Many young people and business expats flock to Vietnam each year and call one of its big cities ‘home. ‘ Depending on where you live in Vietnam, life an expat can vary.
Pros and Cons of Living in Vietnam.
|Fresh markets||The food isn’t as clean or organic as back home. Meat is especially poor quality.|
What is the middle income in Vietnam?
Vietnam’s middle class population – currently at 10% – is believed to be the fastest growing in Southeast Asia. The middle class earning USD 714 a month or more in Vietnam will double to 33 million people, about a third of the population, between 2014 and 2020, according to Boston Consulting Group.