Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Direct access to our calendar releases and historical data. Vietnam’s National Wage Council has increased the minimum wage by an average of 5.3 percent in 2019. including the most recent legal, tax and accounting changes that affect your business. The firm assists foreign investors throughout Asia from offices across the world, including in Hanoi and Ho Chi Minh City. This site uses analytical cookies to improve the user experience and help us understand how it's used. Minimum wage with effect from 1/3/19 till 12/31/19; Minimum wage with effect from 1/2/19 till 12/31/19; Archive before 2019.

So who gets paid more: men or women? Top 10 coolest jobs that you can actually have! Vietnam Inflation Rate Eases to 4-Month Low of 2.98%, Vietnam Tourist Arrivals Tumble 99.1% YoY in September, Vietnam Retail Sales Growth at 3-Month High, Vietnam Trade Surplus Widens in September, Vietnam Q3 GDP Annual Growth Accelerates to 2.62%, FDI Into Vietnam Drops 3.2% in January-September, Fitch Revises Vietnam Credit Outlook to Positive, Sensex Ends Above 40,000 for 1st Time Since February, Singapore Shares Close at Over 1-Month High, Malaysia Stocks Rally to Over 3-Week Highs. The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

proposed a minimum increase of 6.1 percent, while the Vietnam Chamber of Commerce and Industry, representing the business owners, proposed a 5.1 percent increase. This page provides - Japan Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. And now, the minimum wages are set to rise by approximately 5.7% as from January 2020 as shown below:

Minimum Wages in Japan averaged 746.67 JPY/Hour from 2002 until 2019, reaching an all time high of 901 JPY/Hour in 2019 and a record low of 663 JPY/Hour in 2002. Naturally the more years of experience the higher the wage. The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase. The amount of the bonus will probably be different from person to person depending on their role within the organization. An Introduction to Doing Business in Vietnam 2018-19 will provide readers with an overview of the fundamentals... Dezan Shira & Associates´ brochure offers a comprehensive overview of the services provided by the firm. On 13 August 2018, the National Wage Council of Vietnam (NWC) proposed a 5.3% regional minimum wage increase - to be implemented in 2019. If you are interested in the salary of a particular job, see below for salaries for specific job titles. Vietnam's Minimum Wage is the lowest amount a worker can be legally paid for his work.

On 13 August 2018, the National Wage Council of Vietnam (NWC) proposed a 5.3% regional minimum wage increase - to be implemented in 2019. This means that the average person in Vietnam earns approximately 99,300 VND for every … Those figures should be taken as general guidelines. Employees in Vietnam are likely to observe a salary increase of approximately 9% every 17 months. Minimum Wages in Vietnam increased to 4420 VND Thousand/Month in 2020 from 4180 VND Thousand/Month in 2019. Under the proposal, the minimum monthly wage across four levels will be raised, depending on the area, from $171 to $180 (region 1); $152 to $159 (region 2); $133 to $140 (region 3); and $118 to $125 (region 4).

If your salary is higher than both of the average and the median then you are doing very well. 2008-2020 Data | 2021-2022 Forecast | Historical | Chart. Nevertheless, Vietnam’s improving business environment, free trade agreements and low costs make it an ideal location for foreign investors looking to relocate.

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