State-owned firms pay highest average monthly wages
Employees at state-owned firms are getting the highest payment according to a new report by the General Statistics Office.
In 2017, the average monthly wage of the business sector reached VND8.3m (USD354), a 10.1% increase compared to the previous year. The workers at state-owned firms had the highest wage of VND11.01m, increased by 4.4%, and the FDI firms followed with VND9.04m, an increase of 6.2%.
From 2010 to 2017, the monthly incomes at state-owned firms increased by 8.9% a year and at the rate of 11.4% at FDI firms.
The private sector experienced the fastest growth rate in monthly wage with VND7.37m (USD314), increased by 15.1% compared to 2016. The annual growth rate from 2010 to 2017 was 11.6%.
In general, employees in the service sectors had the highest wages of VND9.41m (USD402) and VND7.76m in the construction and industrial sectors, an increase of VND13.5% and 8.7% respectively. Employees in agriculture, forestry and fishery had an average monthly wage of VND5.25m, representing a 3.9% increase.
Those who living and working in big cities and major economic hubs earned much higher wages in cities and provinces that successfully attracted FDI investments in recent years.
Average monthly wages in Ba Ria-Vung Tay Province reached VND10.4m (USD444), VND9.85m in HCM City, VND9.19m in Hanoi and VND8.98m in Bac Ninh Province.
Provinces and cities that had the lowest monthly incomes in 2017 are Bac Lieu Province with VND4.17m (USD178), Dien Bien Province with VND4.32m, Son La Province with VND4.58m, Dak Nong Province with VND4.64m, Dak Lak Province with VND4.74m and Thanh Hoa Province with VND4.91m.
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In 2017, the average monthly wage of the business sector reached VND8.3m (USD354), a 10.1% increase compared to the previous year. The workers at state-owned firms had the highest wage of VND11.01m, increased by 4.4%, and the FDI firms followed with VND9.04m, an increase of 6.2%.
From 2010 to 2017, the monthly incomes at state-owned firms increased by 8.9% a year and at the rate of 11.4% at FDI firms.
The private sector experienced the fastest growth rate in monthly wage with VND7.37m (USD314), increased by 15.1% compared to 2016. The annual growth rate from 2010 to 2017 was 11.6%.
In general, employees in the service sectors had the highest wages of VND9.41m (USD402) and VND7.76m in the construction and industrial sectors, an increase of VND13.5% and 8.7% respectively. Employees in agriculture, forestry and fishery had an average monthly wage of VND5.25m, representing a 3.9% increase.
Those who living and working in big cities and major economic hubs earned much higher wages in cities and provinces that successfully attracted FDI investments in recent years.
Average monthly wages in Ba Ria-Vung Tay Province reached VND10.4m (USD444), VND9.85m in HCM City, VND9.19m in Hanoi and VND8.98m in Bac Ninh Province.
Provinces and cities that had the lowest monthly incomes in 2017 are Bac Lieu Province with VND4.17m (USD178), Dien Bien Province with VND4.32m, Son La Province with VND4.58m, Dak Nong Province with VND4.64m, Dak Lak Province with VND4.74m and Thanh Hoa Province with VND4.91m.
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