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RETAIL BANKING | Cesar Tordesillas, Vietnam
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Banking and finance pay highest salaries in Vietnam

Vietnam's Ministry of Labour, Invalid and Social Affairs has announced that labourers’ average salary reached US$182.54 per month in 2011.

 

The ministry noted that, despite the fact that the figure is modest, it still indicated an increase of 19.6% from last year’s average.

Banking, finance and insurance firms gave the highest average salary in Vietnam in 2011 with US$266.68 per month.

It was followed by the IT and telecom industry, which averaged US$258.12, with trading firms following, at US$222.47.

The lowest salaries were recorded in agro-forestry, with an average of US$179.7 per month, fisheries, USD183.01, and then the mining and manufacturing sector, paying an average of USD187.77.

According to Tong Thi Minh, Director of the MoLISA’s Department of Wage and Salary, the data was gathered after conducting a survey of 1,660 companies and over 15,000 workers in 17 cities and provinces nationwide.

However, Le Minh Huan, Deputy Minister of MoLISA said the survey is not comprehensive, as the number of surveyed enterprises accounted for only 3% of the businesses in operation.

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