Workers in HCM City are estimated to have a monthly average minimum salary of VND10.3 million (USD456) in 2017, the highest level in the country, according to a report by Navigos Group’s online recruitment portal VietnamWorks.
Salary Insights Report analyses the salary data of 4.7 million application dossiers sent to Vietnamworks.com in 2017.
Workers in HCM City are estimated to have a monthly average minimum salary of VND10.3 million (USD456) in 2017, the highest level in the country
The report showed that HCM City’s average minimum monthly salary is 38% higher than that of the whole country which was recorded at just VND6.5 million (USD295.4) in 2017.
Following HCM City is the central city of Danang with VND10.2 million (USD452) per month. The runners-up were the southern province of Binh Duong and the northern province of Bac Ninh with VND10.1 million (USD444) and VND9.5 million (USD421) per month respectively.
Hanoi stood in fifth position on the list with VND9.3 million (USD407) per month.
According to VietnamWorks, each year, the portal receives around 4.7 million application dossiers for more than 95,000 jobs each year on average.
The portal’s recent survey indicated that 72% of jobs for new graduates offer the salary of between VND5.7-11.4 million (USD259-518) per month. However, most new graduates tend to apply for jobs with the salary of USD701 – 1,000; meanwhile, jobs which can offer these salary levels need to recruit roughly 6% of the total number of new graduates every year. This means a tough competition among new graduates for such high salary levels.
In contrast, experienced workers often apply for jobs with a salary of USD251-1,000 per month. At present, up to 68% of jobs posted on VietnamWorks are for experienced workers.