- Country Guide
- Vietnam
Vietnam
Last Update by Katie, 03 Jul 2024
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Exchange Rate
18 Sep 2024
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 | 205,911 |
| 3 Bedrooms Rental (City Center) | 28,819 |
| 3 Bedrooms Rental (Outskirt) | 15,357 |
Current Inflation Rate
3.37%
Wage
Minimum Wages
- Minimum wage by region:
Region 1: 4.96 million VND
Region 2 : 4.41 million VND
Region 3: 3.86 million VND
Region 4: 3.45 million VND
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
|
9,450,000 |
|
Mid-Level
5 Years
|
20,700,000 |
|
Experienced & Managerial Level
10 Years
|
36,550,000 |
|
Specialized & Senior-Level
15 Years
|
Over 48,700,001 |
Annual Salary Growth
7.8%
Statutory Contribution
The monthly salary limit is capped at 36,000,000 VND
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Social Insurance (SI) |
17.5% Sickness and Maternity -3% Occupational Accidents and Diseases - 0.5% Retirement and Death - 14% |
8% Sickness and Maternity - 0% Occupational Accidents and Diseases - 0% Retirement and Death - 8% |
All staff salary capped at 46,800,000 VND, maximum SI salary is 20 times statutory pay |
| Health Insurance (HI) |
3% |
1.5% | All staff with contracts over 3 months, salary capped at 46,800,000 VND, Maximum HI salary is 20 times statutory pay |
|
Unemployment Insurance (UI) (Region 1) |
1% |
1% |
All staff salary capped at 99,200,000 VND , maximum UI salary is 20 times statutory pay |
| Trade Union Fee | 2% |
1% (local staff) 0% (foreign staff) |
All staff salary capped at 46,800,000 VND, maximum trade union fee is 20 times statutory pay |
Other Benefit
Other common employment benefits in Vietnam include:
- 13th month salary paid in December
- Medical and Dental Insurance: 300 USD per year
Income Tax
Residents
-
Tax period: 1st January - 31st December
Filing start date: 1st March
Filing due date: 30th April
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
- Flat rate of 20%
Working Hours
Statutory
48 hours
8 hours a day, 6 days a week
Typical practice
48 hours
Monday - Saturday
Overtime
Overtime hours must not exceed 40 hours per month.
- Workdays: 150% of regular hourly pay
- Saturday/rest day: 200% of regular hourly pay
- Public Holiday: 300% of regular hourly pay
Employment Contract
Fixed- Term
Used for specific projects, seasonal activities or temporary work
Contract Format
In writing (paper or electronic copy) in Vietnamese. Other languages are accepted provided the language is understood by staff and employers
Payroll Currency
VND
Probation
-
- Unskilled roles: 6 days
- Vocational certificate, professional secondary certificates, technicians, skilled staff: 30 days
- Junior college degree and above: 60 days
- Enterprise Executive or Management Positions: 180 days
Contract Period
If employment continues 30 days after its expiry, it automatically becomes permanent
-
- General fixed-term: 12-36 months, can be renewed once, renewals must be made 1 month before the contract expires
- Seasonal or specific contracts: up to 24 months
Termination
-
Notice during probation for staff and employers:
- No notice -
Voluntary resignation and Involuntary termination:
- Poor performance, lay offs due to natural disasters, staff reaching retirement
- General fixed-term (12-36 months): 30 days notice
- Seasonal contracts (24 months) : 3 days notice -
Severance:
- Staff with 1 year service are eligible
- Monthly salary (average of 6 months prior to termination) * working years * 0.5
Public Holiday
10 days
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | 12 working days | All staff |
| Sick Leave |
30 days per year- under 15 years' contributions 40 days per year - 15-30 years' contributions 60 days per year- over 30 years' contributions |
All staff with service and paid social insurance |
| Maternity Leave | 6 months + 1 month for twins or more | Extended leave that accrues over a long period of service with the same employer. |
| Paternity Leave |
5 working days - natural births 7 working days - cesarean section 10 working days - natural twin births 14 working days - twins by cesarean section + 3 days' leave for each child - birth of over 2 children at once |
All male staff with social insurance contributions |
| Personal Leave |
3 days- own marriage 1 day- marriage of biological child or adopted child 3 days - death of biological or adoptive immediate or extended family |
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
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Contact UsCountry Guide - Vietnam
Last updated: 03 Jul 2024
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 | 205,911 |
| 3 Bedrooms Rental (City Center) | 28,819 |
| 3 Bedrooms Rental (Outskirt) | 15,357 |
Current Inflation Rate
3.37%
Wage
Minimum Wages
- Minimum wage by region:
Region 1: 4.96 million VND
Region 2 : 4.41 million VND
Region 3: 3.86 million VND
Region 4: 3.45 million VND
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
|
9,450,000 |
|
Mid-Level
5 Years
|
20,700,000 |
|
Experienced & Managerial Level
10 Years
|
36,550,000 |
|
Specialized & Senior-Level
15 Years
|
Over 48,700,001 |
Annual Salary Growth
7.8%
Statutory Contribution
The monthly salary limit is capped at 36,000,000 VND
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Social Insurance (SI) |
17.5% Sickness and Maternity -3% Occupational Accidents and Diseases - 0.5% Retirement and Death - 14% |
8% Sickness and Maternity - 0% Occupational Accidents and Diseases - 0% Retirement and Death - 8% |
All staff salary capped at 46,800,000 VND, maximum SI salary is 20 times statutory pay |
| Health Insurance (HI) |
3% |
1.5% | All staff with contracts over 3 months, salary capped at 46,800,000 VND, Maximum HI salary is 20 times statutory pay |
|
Unemployment Insurance (UI) (Region 1) |
1% |
1% |
All staff salary capped at 99,200,000 VND , maximum UI salary is 20 times statutory pay |
| Trade Union Fee | 2% |
1% (local staff) 0% (foreign staff) |
All staff salary capped at 46,800,000 VND, maximum trade union fee is 20 times statutory pay |
Other Benefit
Other common employment benefits in Vietnam include:
- 13th month salary paid in December
- Medical and Dental Insurance: 300 USD per year
Income Tax
Residents
-
Tax period: 1st January - 31st December
Filing start date: 1st March
Filing due date: 30th April
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
- Flat rate of 20%
Working Hours
Statutory
48 hours
8 hours a day, 6 days a week
Typical practice
48 hours
Monday - Saturday
Overtime
Overtime hours must not exceed 40 hours per month.
- Workdays: 150% of regular hourly pay
- Saturday/rest day: 200% of regular hourly pay
- Public Holiday: 300% of regular hourly pay
Employment Contract
Permanent
Probation
-
- Unskilled roles: 6 days
- Vocational certificate, professional secondary certificates, technicians, skilled staff: 30 days
- Junior college degree and above: 60 days
- Enterprise Executive or Management Positions: 180 days
Termination
-
Notice during probation for staff and employers:
- No notice -
Voluntary resignation and Involuntary termination:
- Poor performance, lay offs due to natural disasters, staff reaching retirement
- 45 days notice -
Severance:
- Staff with 1 year service are eligible
- Monthly salary (average of 6 months prior to termination) * working years * 0.5
Fixed- Term
Used for specific projects, seasonal activities or temporary work
Probation
-
- Unskilled roles: 6 days
- Vocational certificate, professional secondary certificates, technicians, skilled staff: 30 days
- Junior college degree and above: 60 days
- Enterprise Executive or Management Positions: 180 days
Termination
-
Notice during probation for staff and employers:
- No notice -
Voluntary resignation and Involuntary termination:
- Poor performance, lay offs due to natural disasters, staff reaching retirement
- General fixed-term (12-36 months): 30 days notice
- Seasonal contracts (24 months) : 3 days notice -
Severance:
- Staff with 1 year service are eligible
- Monthly salary (average of 6 months prior to termination) * working years * 0.5
Public Holiday
10 days
2024
| Date | Name |
|---|---|
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | 12 working days | All staff |
| Sick Leave |
30 days per year- under 15 years' contributions 40 days per year - 15-30 years' contributions 60 days per year- over 30 years' contributions |
All staff with service and paid social insurance |
| Maternity Leave | 6 months + 1 month for twins or more | Extended leave that accrues over a long period of service with the same employer. |
| Paternity Leave |
5 working days - natural births 7 working days - cesarean section 10 working days - natural twin births 14 working days - twins by cesarean section + 3 days' leave for each child - birth of over 2 children at once |
All male staff with social insurance contributions |
| Personal Leave |
3 days- own marriage 1 day- marriage of biological child or adopted child 3 days - death of biological or adoptive immediate or extended family |
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
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