Salary of workers increased by 9.3% in 2017

The average monthly salary increased by 9.3% in 2017, according to the Ministry of Labour, Invalids and Social Affairs.

salary of workers increased by 9.3% in 2017 hinh 0

The data collected from 63 provinces and cities shows that the average salary was VND6.6 million (US$290) per month in 2017 compared to VND6 million (US$263) per month in 2016. 

The salary increase was higher than the 2017 regional minimum salary increase of 7.3%.

Workers of a member limited liability company, in which the State owned 100% charter capital, received the highest average monthly salary of VND7.9 million (US$347), increasing 4.5% compared to the previous year.

Ranked second were joint stock companies which have State capital contributions, with an average monthly salary of VND7.3 million (US$320), increasing 4.6% compared to the previous year. 

Foreign-invested enterprises witnessed the highest salary increase of 13.5%, from VND5.9 million (US$260) per month in 2016 to VND6.7 million (US$295) per month in 2017.

The average salary offered by private enterprises rose from VND5.4 million (US$237) in 2016 to VND5.6 million (US$246) in 2017, equivalent to 3.3%. 

The socio-economic condition of Vietnam in 2017 presented positive signs, with a gross domestic product growth of 6.81%, exceeding the target of 6.7%. The average consumer price index in 2017 increased 3.53%. These improvements motivated the salary hike. 


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