04:05 Issue 14

04:05 APAC

Asia Briefing from Dezan Shira & Associates

Vietnam Vietnam’s labour market maintained strong momentum in the first half of 2025, with a workforce of around 53 million and continued wage growth reflecting rising demand and economic resilience. Average monthly income reached VND 8.3 million (US$317) by mid-year, marking an increase of around 10 per cent over 2024. compared to regional peers, but labour costs are steadily rising. The 6 per cent minimum wage hike from July 2024 continues to shape earnings, especially in smaller provinces where growth has outpaced national trends. Dezan Shira’s Vietnam Briefing takes a detailed look at wage trends, sector-specific earnings, and regional disparities to help businesses plan for sustained annual increases of up to 10 per cent in labour budgets. Vietnam remains cost- competitive, particularly

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GLOBAL PAYROLL MAGAZINE ISSUE 14

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