Republic of Korea vs Viet Nam: Monthly minimum wage
Monthly minimum wage over time
- Republic of Korea
- Viet Nam
How they compare
Viet Nam currently reports 4.96 million against 2.06 million in Republic of Korea, a difference of 2.90 million.
That makes Viet Nam's figure about 2.4 times Republic of Korea's.
The two have swapped places 1 time across 25 shared years of data; in 2000 it was Republic of Korea ahead.
Republic of Korea ranks 6th and Viet Nam ranks 4th of 173 countries.
Across the 3 decades both report, Republic of Korea averaged higher in 1 and Viet Nam in 2.
Head to head by decade
| Decade | Republic of Korea | Viet Nam | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 622,404 | 368,000 | 254,404 | Republic of Korea |
| 2010s | 1.20 million | 2.32 million | 1.12 million | Viet Nam |
| 2020s | 1.92 million | 4.18 million | 2.26 million | Viet Nam |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monthly minimum wage, Republic of Korea or Viet Nam?
- Viet Nam, at 4.96 million against 2.06 million in Republic of Korea as of 2024.
- What is the difference in monthly minimum wage between Republic of Korea and Viet Nam?
- 2.90 million, with Viet Nam ahead.
- How many years of comparable data are there for Republic of Korea and Viet Nam?
- 25 years are reported by both, from 2000 to 2024.
- How do Republic of Korea and Viet Nam rank globally for monthly minimum wage?
- Republic of Korea ranks 6th and Viet Nam ranks 4th of 173 countries.
- Where does this data come from?
- International Labour Organization, published as Monthly minimum wage (Local currency). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Data refer to the minimum monthly earnings of all employees as of December 31st of each year. Minimum wages are not reported for countries for which collective bargaining is in place for minimum wages. In cases where a national minimum wage is not mandated, the minimum wage in place in the capital or major city is used. In some cases, an average of multiple regional minimum wages is used. In countries where the minimum wage is set at the sectoral level or occupational level, the minimum wage for manufacturing or unskilled workers is generally applied. Data are converted to U.S. dollars as the common currency, using exchange rates or purchasing power parity (PPP) rates rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.