Vietnamese workers’ average income grows 6.9% in 2023

The figure stood at around VND7.1 million ($291.82) by the end of 2023.

Male workers’ average monthly income was VND8.1 million, and female workers’ was VND6 million, according to reports from the General Statistics Office.

In the fourth quarter of 2023 alone, workers’ income reached VND7.3 million, an increase of VND180,000 compared to the third quarter. The quarterly speed of income growth reached 2.5%, nearly twice the 1.4% of the fourth quarter in 2022, when the Covid-19 pandemic ended.

The growth was attributed to the fact that businesses sped up production in the final months of the year, which helped increase workers’ incomes compared to previous periods.

In general, the average income of workers in the fourth quarter of 2023 increased in all economic zones.

The region with the fastest-growing income levels was the Red River Delta, home to Hanoi, with an average monthly income of VND8.7 million, an increase of 3.5%.

The eastern parts of southern Vietnam saw the slowest income growth at only 2.3% compared to 2022, amounting to an average income at VND9 million a month. HCMC in particular saw a 1.9% increase of average income to VND9.4 million.

However, HCMC’s unemployment rate dropped to 2.91% last year as more businesses started gaining orders and expanding production, requiring them to hire thousands of workers.

Around 51.3 million people had jobs across Vietnam last year, an increase of 683,000 people compared to 2022.