In 2022, the average monthly income per capita in Vietnam reached approximately 4.7 million Vietnamese dong, indicating a slight increase from the previous year. 2020 and 2021 were particularly difficult years for the country’s population when per capita income decreased due to the negative impacts of the COVID-19 epidemic.
Income distribution in Vietnam
As a rapidly developing country in Southeast Asia, Vietnam has made significant efforts to improve income distribution among its population. One of the key factors contributing to a more balanced income distribution is Vietnam’s robust economic growth. Although the COVID-19 pandemic posed challenges to the country’s economy, Vietnam has been enjoying gradual GDP growth over the past few years, which explains the increase in job opportunities and higher wages for many Vietnamese citizens. Over the years, the Vietnamese government has implemented various policies and strategies to reduce the poverty rate and narrow the income gap in the country. However, the difference in income between urban and rural areas is inevitable. According to a governmental report in 2022, earnings per capita improved steadily across the whole country regardless of area; nonetheless, the monthly average income in urban areas was 1.5 times higher than that of their rural counterparts. Among the five major cities, Ha Noi and Ho Chi Minh City recorded the highest income per capita due to their higher living expenses compared to other areas.
Monthly household expenditures in Vietnam
While Vietnam has made noticeable progress in reducing poverty and improving income distribution, challenges remain in shaping the overall living standard for the population. The cost of living varies across different regions, with urban areas generally having higher expenses compared to rural areas. The largest portions of household expenditures are mainly used for nutrition, followed by housing, transportation, and healthcare. Education and entertainment also contributed to the monthly expenses, especially after the COVID-19 pandemic recovery and many restrictions were lifted in the country.
Average monthly income per capita in Vietnam from 2012 to 2022
(in million Vietnamese dong)
One thousand Vietnamese dong equals 0.042 U.S. dollars and 0.038 euros as of July 2023.
The survey is conducted among 46,995 households in urban and rural areas across 63 provinces and cities throughout six geographical regions nationwide.
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General Statistics Office of Vietnam. (May 4, 2023). Average monthly income per capita in Vietnam from 2012 to 2022 (in million Vietnamese dong) [Graph]. In Statista. Retrieved November 01, 2024, from https://www.statista.com/statistics/1021888/vietnam-average-monthly-income-per-capita/
General Statistics Office of Vietnam. "Average monthly income per capita in Vietnam from 2012 to 2022 (in million Vietnamese dong)." Chart. May 4, 2023. Statista. Accessed November 01, 2024. https://www.statista.com/statistics/1021888/vietnam-average-monthly-income-per-capita/
General Statistics Office of Vietnam. (2023). Average monthly income per capita in Vietnam from 2012 to 2022 (in million Vietnamese dong). Statista. Statista Inc.. Accessed: November 01, 2024. https://www.statista.com/statistics/1021888/vietnam-average-monthly-income-per-capita/
General Statistics Office of Vietnam. "Average Monthly Income per Capita in Vietnam from 2012 to 2022 (in Million Vietnamese Dong)." Statista, Statista Inc., 4 May 2023, https://www.statista.com/statistics/1021888/vietnam-average-monthly-income-per-capita/
General Statistics Office of Vietnam, Average monthly income per capita in Vietnam from 2012 to 2022 (in million Vietnamese dong) Statista, https://www.statista.com/statistics/1021888/vietnam-average-monthly-income-per-capita/ (last visited November 01, 2024)
Average monthly income per capita in Vietnam from 2012 to 2022 (in million Vietnamese dong) [Graph], General Statistics Office of Vietnam, May 4, 2023. [Online]. Available: https://www.statista.com/statistics/1021888/vietnam-average-monthly-income-per-capita/