What is a good expat salary in Vietnam?

A 2018 HSBC survey found that, taking all professional fields into consideration, the average annual expat income in Vietnam is $90,000 US. Coupled with the cost of living, Vietnam ranks first in the world for increased savings and expendable income.

What is a good salary in Vietnam?

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.

What is considered wealthy in Vietnam?

An individual in Vietnam now needs a net wealth of $160,000 to join the so-called '1 percent club' of the richest people in the country of 98 million. There were 19,491 people with a net worth of $1-30 million last year, down 6 percent from 2019. This number is projected to reach 25,812 in 2025.

How much is high income in Vietnam?

In 2020, citizens of Ho Chi Minh City had the highest monthly average monthly income per capita among Vietnam's four major cities, amounting to 6.54 million Vietnamese dong.

Where do most expats live in Vietnam?

Where Do Expats Live in Vietnam? Expats primarily live in Ho Chi Minh City. Boasting over 100,000 expats, Ho Chi Minh City has English Centers and expat communities. You can enjoy a busy nightlife, engage in business ventures, and meet tons of new people.

HOW MUCH IS THE AVERAGE SALARY OF a WORKER IN VIETNAM

What is middle class 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.

What is considered upper middle class in Vietnam?

Reaching the ambitious goal of upper-middle-income status would require Vietnam to grow at least 7 percent per year, raising the average income level to over $7,000 – or $18,000 in purchasing-power parity terms – by 2035, compared with $2,052 – or $5,370 in PPP terms– in 2014.

What is the highest paying job in Vietnam?

The top professions that pay the highest salary are Mineral and Metallurgy (9.2million VND/month), Banking (7.6million VND/month) and Pharmacy (7million VND/month) while some other jobs like Textile or Food Industry workers only pay their labors with the wage from 2.5 to 3.1 million VND a month.

Is $100 a lot of money in Vietnam?

For a comfortable mid-range experience in Vietnam, it's best to budget $60 to $100 per day for your entire costs. This gives you enough to pay for a comfortable three to four star hotel room, eat in mid-range to high-end restaurants and visit most activities and attractions.

Are people rich in Vietnam?

As for the number of super-millionaires, also known as super-rich people with assets worth over 30 million USD, Vietnam ranks 6th among ASEAN-6 countries with 390 people. Currently, Vietnam also ranks 6th in Southeast Asia in terms of the number of USD billionaires, according to Forbes.

How much does the average house cost 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.

What is the average salary in Vietnam 2020?

In the fourth quarter of 2020, paid workers and employees in rural Vietnam earned on average around 6.2 million Vietnamese dong per month.

What is a good salary in Ho Chi Minh?

Salary level

Around 72 percent of new graduates earn between US$ 251 to US$ 500 (VND 5.7-11.4 million) per month. However, jobs with monthly salaries ranging from US$ 701 to US$ 1,000 (VND 15.9-22.6 million) attracted the highest number of applicants, which highlights the high expectations of recent graduates.

How much does the average person make in Vietnam?

The average salary in Vietnam is 6.1 million Vietnamese Dong (VND) per month or 277 USD/month (according to the exchange rates in Aug 2021) — which is lower than the average salaries in countries like the USA or UK.

How can I get 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.

How many people are rich in Vietnam?

In 2020, Vietnam had approximately 19.49 thousand millionaires.

Is Vietnam a low or middle income country?

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.

How corrupt is Vietnam?

Transparency International's 2021 Corruption Perception Index ranks the country in 87th place out of 180 countries, where a high ranking corresponds to a widespread perception of corruption in the public sector.

What country has the fastest growing middle class?

As a result, Africa now has the fastest-growing middle class in the world. Some 313 million people, 34% of Africa's population, spend USD 2.20 a day, a 100% rise in less than 20 years, according to the African Development Bank.

Is there an upper middle class?

A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.

Why are expats leaving Vietnam?

Leaving Vietnam because of strict visa policy

Since the beginning of the Covid-19 pandemic, authorities have been adjusting visa policies for foreigners staying in Vietnam. This is making it more difficult to work in Vietnam if you do not have a work visa or a sponsor for making the necessary documents.

Is Vietnam a good place for expats?

Vietnam has become increasingly popular as an expat destination in recent years and it is now recognized as a safe place for foreigners to live and work. Expats are attracted by the nice weather, low cost of living, lively culture and the steady improvements in Vietnam's infrastructure.