Monthly minimum wage (Local currency), annual growth rate in Vietnam
Vietnam: Monthly minimum wage (Local currency), annual growth rate was 5.98 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage (Local currency), annual growth rate in Vietnam, 2001–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, monthly minimum wage (local currency), annual growth rate in Vietnam stood at 5.98 % change on previous year.
The figure is down 70.3% on the previous year and down 61.1% over ten years.
Over the whole period, monthly minimum wage (local currency), annual growth rate in Vietnam peaked at 48 % change on previous year in 2012 and was at its lowest, 0 % change on previous year, in 2001.
That places Vietnam 64th out of 168 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage (Local currency), annual growth rate in Vietnam, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2001 | 0 % change on previous year | — |
| 2002 | 16.67 % change on previous year | — |
| 2003 | 38.1 % change on previous year | +128.6% |
| 2004 | 0 % change on previous year | -100.0% |
| 2005 | 20.69 % change on previous year | — |
| 2006 | 28.57 % change on previous year | +38.1% |
| 2007 | 20 % change on previous year | -30.0% |
| 2008 | 0 % change on previous year | -100.0% |
| 2009 | 20.37 % change on previous year | — |
| 2010 | 30 % change on previous year | +47.3% |
| 2011 | 33.14 % change on previous year | +10.5% |
| 2012 | 48 % change on previous year | +44.9% |
| 2013 | 17.12 % change on previous year | -64.3% |
| 2014 | 15.38 % change on previous year | -10.1% |
| 2015 | 14.44 % change on previous year | -6.1% |
| 2016 | 12.62 % change on previous year | -12.6% |
| 2017 | 7.24 % change on previous year | -42.6% |
| 2018 | 6.43 % change on previous year | -11.2% |
| 2019 | 5.14 % change on previous year | -20.1% |
| 2020 | 5.6 % change on previous year | +9.1% |
| 2021 | 0 % change on previous year | -100.0% |
| 2022 | 6 % change on previous year | — |
| 2023 | 20.14 % change on previous year | +235.6% |
| 2024 | 5.98 % change on previous year | -70.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.04 % change on previous year | 0 % change on previous year | 38.1 % change on previous year | 9 |
| 2010s | 18.95 % change on previous year | 5.14 % change on previous year | 48 % change on previous year | 10 |
| 2020s | 7.54 % change on previous year | 0 % change on previous year | 20.14 % change on previous year | 5 |
Countries ranked near Vietnam
- 61 Estonia 6.77 % change on previous year compare
- 62 Hong Kong 6.67 % change on previous year compare
- 63 Guatemala 6.35 % change on previous year compare
- 65 Iceland 5.9 % change on previous year compare
- 66 Bolivia 5.84 % change on previous year compare
- 67 Belgium 5.78 % change on previous year compare
More work & labour data for Vietnam
- Persons outside the labour force (ILO modelled estimates) 22,535 (2027)
- Labour force participation rate (ILO modelled estimates) 71.95 (2027)
- Labour force (ILO modelled estimates) 57,816 (2027)
- Employment-to-population ratio (ILO modelled estimates) 70.79 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 3.1 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.7361 % change on previous year (2027)
- Legislation on sexual harassment in employment 1 (2023)
- Criminal penalties or civil remedies sexual harassment in employment 1 (2023)
- Women can take the same jobs as men 1 (2023)
- Labor force participation rate, total (% of total population ages 15+) 72.8% (2025)
Frequently asked questions
- What is monthly minimum wage (local currency), annual growth rate in Vietnam?
- Monthly minimum wage (local currency), annual growth rate in Vietnam was 5.98 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in Vietnam?
- The highest recorded value was 48 % change on previous year in 2012.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in Vietnam?
- The lowest recorded value was 0 % change on previous year in 2001.
- How does Vietnam rank for monthly minimum wage (local currency), annual growth rate?
- Vietnam ranks 64th out of 168 countries with data for 2024.
- Is monthly minimum wage (local currency), annual growth rate rising or falling in Vietnam?
- Over the last ten years it is down 61.1%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage (Local currency), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Monthly minimum wage International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.