- Country Guide
- Vietnam
Vietnam
Last Update by Julie, 17 Feb 2025
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Exchange Rate
17 Apr 2025
Cost of Living
Indicative value for a working adult in a city: Ho Chi Minh City
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (VND) |
|---|---|
| McDonalds Set Meal | 120,000 |
| Monthly Train and Bus Tickets | 300,000 |
| 3 Bedrooms Rental (City Center) | 27,966,894 |
| 3 Bedrooms Rental (Outskirt) | 15,992,051 |
Current Inflation Rate
2.94%
Wage
Minimum Wages
- Minimum Wage by Region in Vietnam
Region I (Hanoi and Ho Chi Minh City): 4,960,000 VND per month, or about USD216
Region 2 (Rural or suburban areas of first-tier cities): 4,410,000 VND/month, or about USD176
Region 3 (Provincial cities): 3,860,000 VND/month, or about USD154
Region 4 (Remote mountainous areas): 3,450,000 VND/month, or about USD137
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (VND) |
|---|---|
|
Entry-Level
Fresh Graduate
|
25,450,000 |
|
Mid-Level
5 Years
|
36,700,000 |
|
Experienced & Managerial Level
10 Years
|
48,550,000 |
|
Specialized & Senior-Level
15 Years
|
57,700,000 |
Annual Salary Growth
4.35%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Social Insurance (SI) |
17.5%, including - 3% for Sickness and Maternity. - 0.5% Occupational Accidents and Diseases - 14% Retirement and Death |
8% |
All employees and monthly salary capped at VND46,800,000. |
| Health Insurance (HI) |
3% |
1.5% | All employees, and monthly salary capped at VND46,800,000. |
|
Unemployment Insurance (UI) (Region 1) |
1% |
1% |
All employees and monthly salary capped at VND99,200,000. |
| Trade Union Fee | 2% | 1% | All employees and monthly salary capped at VND46,800,000. |
Other Benefit
Other common employment benefits in Vietnam include:
- 13th month salary pays in December
- Medical and Dental Insurance: Approximately 6,900,000 VND/year
- Marriage allowance: ≤ 1 month's salary (tax-exempt)
- Funeral allowance: ≤ 1 month's salary (tax-exempt)
- Lunch allowance: ≤ 730,000 VND/month (tax-exempt)
- Uniform allowance: ≤ 5,000,000 VND/year (tax-exempt)
- Payment for housing rent, electricity, water, and related service fees: Exceeds 15% of taxable total income (tax-exempt)
- Round-trip airfare for family visits: One round-trip ticket per year to the home country for foreign employees or Vietnamese employees working abroad (tax-exempt)
- Tuition fees for children: Tuition fees for the children of foreign employees studying in Vietnam and for the children of Vietnamese employees working abroad from kindergarten to high school (tax-exempt)
Income Tax
Residents
-
Tax period: 1 Jan - 31 Dec
Filing start date: 1 Mar of the following year
Filing due date: 30 Apr of the following year
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 60 (million) | 5% |
| 60 -120 (million) | 10% |
| 120 - 216 (million) | 15% |
| 216 - 384 (million) | 20% |
| 384 - 624 (million) | 25% |
| 624 - 960 (million) | 30% |
| More than 960 (million) | 35% |
Non-residents
- Individuals who stay in Vietnam for no more than 183 days in total are classified as non-tax residents and are required to pay income tax only on their income generated within Vietnam, at a rate of 20%
Working Hours
Statutory
8 hours/day, 40 hours/week (5 days a week)
8 hours/day, 48 hours/week (6 days a week)
Overtime
Overtime limit: ≤ 4 hours/day, ≤ 40 hours/month, ≤ 200 hours/year
- Workdays: 150% of regular hourly pay
- Weekend: 200% of regular hourly pay
- Public Holiday: 300% of regular hourly pay
Employment Contract
Permanent
Contract Format
Written contract in Vietnamese or bilingual (Vietnamese-English) (can be signed manually or electronically)
Payroll Currency
VND
Probation
Management positions: ≤ 180 days
Positions requiring a college degree or higher technical qualifications: ≤ 60 days
Technical workers and clerks with secondary vocational qualifications: ≤ 30 days
Other positions: ≤ 6 working days
Contract Period
No minimum duration
Termination
Resignations can be made voluntarily or involuntarily. When economic layoffs occur, companies are required to consult with workers (at least 70% of them must participate) and give notice to the province people's committee and impacted workers 30 days before termination.
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | No notice is required | No notice is required | No notice is required |
| Notice Period - Regular | 45 days | 45 days | 30 days |
| Severance Pay | Not Applicable | Staff with at least 1 year of service are eligible for severance. Calculation: Monthly salary (average of the last 6 months prior to termination) × Working years × 0.5 | Staff with at least 1 year of service are eligible for severance. Calculation: Monthly salary (average of the last 6 months prior to termination) × Working years × 0.5 |
Public Holiday
10 days
Country Level
| Date | Name |
|---|---|
| 01 Jan | New Year's Day |
| 28 Jan - 02 Feb | Vietnamese New Year Day |
| 07 Apr | Hung Kings Festival |
| 30 Apr | Liberation Day |
| 01 May | Labor Day |
| 01 Sep - 02 Sep | Independence Day |
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | 12 - 16 working days, |
All staff 14 working days - for underage, disabled, or hazardous conditions 16 working days - for extremely hazardous work |
| Sick Leave | 30 calendar days, up to 180 calendar days. |
All staff have paid for social insurance. 30 days – paid social insurance < 15 years. 40 days – paid social insurance for 15 years and < 30 years. 60 days – paid social insurance for 30 years and more. Long-term illness: up to 180 calendar days, due to specific illnesses listed by the Ministry of Health |
| Maternity Leave | 6 months + 1 month for twins or more | All female staff |
| Paternity Leave | 5 days, up to 14 days |
All male staff. 5 days – normal delivery 7 days – caesarean section 10 to 14 days – twin & above |
| Carer's Leave | 15 - 20 days | All staff with a child aged 3 to 7. |
| Personal Leave | 3 days | All staff |
Reference
- https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&country2=Vietnam&city1=New+York%2C+NY&city2=Ho+Chi+Minh+City&tracking=getDispatchComparison
- https://tradingeconomics.com/vietnam/inflation-cpi
- https://vss.gov.vn/english/Pages/default.aspx
- https://www.gdt.gov.vn/wps/portal/english
- https://taxsummaries.pwc.com/vietnam/individual/other-taxes
- https://thuvienphapluat.vn/van-ban/Bao-hiem/Luat-Bao-hiem-xa-hoi-2014-259700.aspx?anchor=dieu_34
- https://www.vietnam-briefing.com/news/vietnams-new-minimum-wage-effective-from-july-1-2024.html/
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Contact UsCountry Guide - Vietnam
Last updated: 17 Feb 2025
Exchange Rate
Currency (VND)
- 1 CNY = 0.185 VND
- 1 USD = 1.32 VND
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: Ho Chi Minh City
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (VND) |
|---|---|
| McDonalds Set Meal | 120,000 |
| Monthly Train and Bus Tickets | 300,000 |
| 3 Bedrooms Rental (City Center) | 27,966,894 |
| 3 Bedrooms Rental (Outskirt) | 15,992,051 |
Current Inflation Rate
2.94%
Wage
Minimum Wages
- Minimum Wage by Region in Vietnam
Region I (Hanoi and Ho Chi Minh City): 4,960,000 VND per month, or about USD216
Region 2 (Rural or suburban areas of first-tier cities): 4,410,000 VND/month, or about USD176
Region 3 (Provincial cities): 3,860,000 VND/month, or about USD154
Region 4 (Remote mountainous areas): 3,450,000 VND/month, or about USD137
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (VND) |
|---|---|
|
Entry-Level
Fresh Graduate
|
25,450,000 |
|
Mid-Level
5 Years
|
36,700,000 |
|
Experienced & Managerial Level
10 Years
|
48,550,000 |
|
Specialized & Senior-Level
15 Years
|
57,700,000 |
Annual Salary Growth
4.35%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Social Insurance (SI) |
17.5%, including - 3% for Sickness and Maternity. - 0.5% Occupational Accidents and Diseases - 14% Retirement and Death |
8% |
All employees and monthly salary capped at VND46,800,000. |
| Health Insurance (HI) |
3% |
1.5% | All employees, and monthly salary capped at VND46,800,000. |
|
Unemployment Insurance (UI) (Region 1) |
1% |
1% |
All employees and monthly salary capped at VND99,200,000. |
| Trade Union Fee | 2% | 1% | All employees and monthly salary capped at VND46,800,000. |
Other Benefit
Other common employment benefits in Vietnam include:
- 13th month salary pays in December
- Medical and Dental Insurance: Approximately 6,900,000 VND/year
- Marriage allowance: ≤ 1 month's salary (tax-exempt)
- Funeral allowance: ≤ 1 month's salary (tax-exempt)
- Lunch allowance: ≤ 730,000 VND/month (tax-exempt)
- Uniform allowance: ≤ 5,000,000 VND/year (tax-exempt)
- Payment for housing rent, electricity, water, and related service fees: Exceeds 15% of taxable total income (tax-exempt)
- Round-trip airfare for family visits: One round-trip ticket per year to the home country for foreign employees or Vietnamese employees working abroad (tax-exempt)
- Tuition fees for children: Tuition fees for the children of foreign employees studying in Vietnam and for the children of Vietnamese employees working abroad from kindergarten to high school (tax-exempt)
Income Tax
Residents
-
Tax period: 1 Jan - 31 Dec
Filing start date: 1 Mar of the following year
Filing due date: 30 Apr of the following year
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 60 (million) | 5% |
| 60 -120 (million) | 10% |
| 120 - 216 (million) | 15% |
| 216 - 384 (million) | 20% |
| 384 - 624 (million) | 25% |
| 624 - 960 (million) | 30% |
| More than 960 (million) | 35% |
Non-residents
- Individuals who stay in Vietnam for no more than 183 days in total are classified as non-tax residents and are required to pay income tax only on their income generated within Vietnam, at a rate of 20%
Working Hours
Statutory
8 hours/day, 40 hours/week (5 days a week)
8 hours/day, 48 hours/week (6 days a week)
Overtime
Overtime limit: ≤ 4 hours/day, ≤ 40 hours/month, ≤ 200 hours/year
- Workdays: 150% of regular hourly pay
- Weekend: 200% of regular hourly pay
- Public Holiday: 300% of regular hourly pay
Employment Contract
Fixed- Term
Project-based work, seasonal employment, or temporary staff hiring.
Probation
Management positions: ≤ 180 days
Positions requiring a college degree or higher technical qualifications: ≤ 60 days
Technical workers and clerks with secondary vocational qualifications: ≤ 30 days
Other positions: ≤ 6 working days
Termination
Both voluntary and involuntary resignations are allowed. The employers must notify them 15 days in advance and inform the provincial people's committee 30 days before termination, especially in economic layoffs.
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | No notice is required | No notice is required | No notice is required |
| Notice Period - Regular | Contracts of 1 year or more: 30 days Contracts of less than 1 year: 3 working days | Contracts of 1 year or more: 30 days Contracts of less than 1 year: 3 working days | 30 days |
| Severance Pay | Not Applicable | Staff with at least 1 year of service are eligible for severance. Calculation: Monthly salary (average of the last 6 months prior to termination) × Working years × 0.5. | Staff with at least 1 year of service are eligible for severance. Calculation: Monthly salary (average of the last 6 months prior to termination) × Working years × 0.5. |
Permanent
Probation
Management positions: ≤ 180 days
Positions requiring a college degree or higher technical qualifications: ≤ 60 days
Technical workers and clerks with secondary vocational qualifications: ≤ 30 days
Other positions: ≤ 6 working days
Termination
Resignations can be made voluntarily or involuntarily. When economic layoffs occur, companies are required to consult with workers (at least 70% of them must participate) and give notice to the province people's committee and impacted workers 30 days before termination.
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | No notice is required | No notice is required | No notice is required |
| Notice Period - Regular | 45 days | 45 days | 30 days |
| Severance Pay | Not Applicable | Staff with at least 1 year of service are eligible for severance. Calculation: Monthly salary (average of the last 6 months prior to termination) × Working years × 0.5 | Staff with at least 1 year of service are eligible for severance. Calculation: Monthly salary (average of the last 6 months prior to termination) × Working years × 0.5 |
Public Holiday
10 days
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | 12 - 16 working days, |
All staff 14 working days - for underage, disabled, or hazardous conditions 16 working days - for extremely hazardous work |
| Sick Leave | 30 calendar days, up to 180 calendar days. |
All staff have paid for social insurance. 30 days – paid social insurance < 15 years. 40 days – paid social insurance for 15 years and < 30 years. 60 days – paid social insurance for 30 years and more. Long-term illness: up to 180 calendar days, due to specific illnesses listed by the Ministry of Health |
| Maternity Leave | 6 months + 1 month for twins or more | All female staff |
| Paternity Leave | 5 days, up to 14 days |
All male staff. 5 days – normal delivery 7 days – caesarean section 10 to 14 days – twin & above |
| Carer's Leave | 15 - 20 days | All staff with a child aged 3 to 7. |
| Personal Leave | 3 days | All staff |
Reference
- https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&country2=Vietnam&city1=New+York%2C+NY&city2=Ho+Chi+Minh+City&tracking=getDispatchComparison
- https://tradingeconomics.com/vietnam/inflation-cpi
- https://vss.gov.vn/english/Pages/default.aspx
- https://www.gdt.gov.vn/wps/portal/english
- https://taxsummaries.pwc.com/vietnam/individual/other-taxes
- https://thuvienphapluat.vn/van-ban/Bao-hiem/Luat-Bao-hiem-xa-hoi-2014-259700.aspx?anchor=dieu_34
- https://www.vietnam-briefing.com/news/vietnams-new-minimum-wage-effective-from-july-1-2024.html/
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000