Among Vietnam’s top 50 listed companies by market capitalization, nearly 20 disclosed their average monthly employee income in the 2024 Annual Report. While not a comprehensive snapshot of Vietnam’s labor market, this glimpse into the ‘top tier’ reveals significant disparities.
The Finance sector (Banking – Securities) sets an income benchmark that the rest of the economy struggles to match. Within the ‘elite club’ of companies paying over 30 million VND/person/month, finance firms dominate. Only two non-financial entities, Vinamilk (31.0 million) and ACV – Airports Corporation of Vietnam (30.5 million), break into this league.
However, Vinamilk did not disclose its average income for 2023.
Techcombank Securities stunned with an average monthly income of 70.5 million VND/person, up 8.5% from 2023. In the first half of 2025, the average remained near 58 million VND/person/month. The company asserts this level is competitive not only in Vietnam but regionally, reflecting employee capabilities.
SSI did not specify average income but reported total compensation (salaries, bonuses, benefits, insurance) at 672 billion VND per employee, equivalent to 55 million VND/person/month.
Securities firms’ average income includes substantial brokerage commissions (from stock and bond trading) and performance bonuses. This reflects total company payouts before personal income tax.
In reality, brokers often reinvest much of these commissions in client maintenance and external partner fees. Thus, this figure represents a broker’s ‘revenue’ rather than ‘profit’.
VIX, another securities firm, reported a 24.4 million VND/person/month average (down 1.21%), the only company with a decline in 2024. In the first 9 months of 2025, VIX ranked among the top profit-generating firms per employee, with over 60 billion VND profit/person from just 80 employees.
Finance’s dominance is evident with ACB (38.1 million), Vietinbank (38.04 million), Vietcombank (38.0 million), and MB (37.4 million). Vietinbank’s average income rose 10% from 2023, reflecting its strong 2024 profit growth.
At the lower end, Vincom Retail (no increase), Becamex Group (up 0.2%), and Vinhomes (up 1%) lagged. Conversely, Petrolimex (up 16.5%) and ACV (up 13.8%) led income growth, benefiting from post-pandemic recovery in trade, tourism, and production.
Vietnam Rubber Group (GVR) reported 28 million VND/person/month for its parent company staff (executives and senior management). The group employs over 81,000 with an average 2024 income of 11.0 million VND/person/month, including 17,300 ethnic minorities (21.3%) and 19,900 foreign workers (24.5%).
Average income isn’t ‘typical income.’ It’s calculated by dividing total compensation (including executives’ multimillion/billion payouts) by all employees, often exceeding what most receive, especially in companies with wide pay gaps.
In sectors like real estate with large sales, operations, and service staffs, this further skews the average downward.
According to the General Statistics Office, Vietnam’s 2024 average worker income was 7.7 million VND/month.
