Monthly minimum wage (Local currency) in Vietnam
Vietnam: Monthly minimum wage (Local currency) was 4.96 million in 2024. ◆ Volatile
Monthly minimum wage in Vietnam, 2000–2024
Source: International Labour Organization.
Analysis
Vietnam recorded 4.96 million for monthly minimum wage in 2024. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 6.0% on the previous year and up 120.4% over ten years.
Over the whole period, monthly minimum wage in Vietnam peaked at 4.96 million in 2024 and was at its lowest, 180,000, in 2000.
Vietnam ranks 4th of 173 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage (Local currency) in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 180,000 | — |
| 2001 | 180,000 | +0.0% |
| 2002 | 210,000 | +16.7% |
| 2003 | 290,000 | +38.1% |
| 2004 | 290,000 | +0.0% |
| 2005 | 350,000 | +20.7% |
| 2006 | 450,000 | +28.6% |
| 2007 | 540,000 | +20.0% |
| 2008 | 540,000 | +0.0% |
| 2009 | 650,000 | +20.4% |
| 2010 | 845,000 | +30.0% |
| 2011 | 1.12 million | +33.1% |
| 2012 | 1.67 million | +48.0% |
| 2013 | 1.95 million | +17.1% |
| 2014 | 2.25 million | +15.4% |
| 2015 | 2.58 million | +14.4% |
| 2016 | 2.90 million | +12.6% |
| 2017 | 3.11 million | +7.2% |
| 2018 | 3.31 million | +6.4% |
| 2019 | 3.48 million | +5.1% |
| 2020 | 3.67 million | +5.6% |
| 2021 | 3.67 million | +0.0% |
| 2022 | 3.90 million | +6.0% |
| 2023 | 4.68 million | +20.1% |
| 2024 | 4.96 million | +6.0% |
Vietnam compared with similar countries
- Vietnam's 4.96 million is above the median for upper middle income countries, which is 6,300, 787.3× the median. (53 countries reporting)
- Vietnam's 4.96 million is above the median for East Asia & Pacific, which is 4,023, 1232.8× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 368,000 | 180,000 | 650,000 | 10 |
| 2010s | 2.32 million | 845,000 | 3.48 million | 10 |
| 2020s | 4.18 million | 3.67 million | 4.96 million | 5 |
Countries ranked near Vietnam
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)
- Unemployment rate (ILO modelled estimates) 1.61 (2027)
- Labour dependency ratio 0.806 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,426 (2027)
- Output per worker, GDP constant 2015 US $ 8,480 (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)
Frequently asked questions
- What is monthly minimum wage in Vietnam?
- Monthly minimum wage in Vietnam was 4.96 million in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Vietnam?
- The highest recorded value was 4.96 million in 2024.
- What is the lowest monthly minimum wage recorded in Vietnam?
- The lowest recorded value was 180,000 in 2000.
- How does Vietnam rank for monthly minimum wage?
- Vietnam ranks 4th out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Vietnam?
- Over the last ten years it is up 120.4%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from International Labour Organization, published as part of Monthly minimum wage (Local currency). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under ILO Terms of Use (attribution required).
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.