Benchmark Report: Living Wage Report and 2024 Update for Minimum Wage Region 4, Vietnam
2024 Living Wage Update Report: Living Wage Update Report for Minimum Wage Region 4, Vietnam
Abstract
This report provides updated estimates of family living expenses and living wage for Minimum Wage Region 4, Vietnam. The update for 2024 takes into account inflation and changes in payroll deductions since the original Anker Benchmark study carried out in November 2022 (Do, Nguyen, Anker, and Anker, 2022).
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Original Report
2022 Benchmark Report: Living Wage Report for Minimum Wage Region 4, Vietnam
Abstract
This report estimates a living income for minimum wage Region 4 of Vietnam using the Anker Methodology. Region 4 is one of four regions used by the Government of Vietnam for setting minimum wages and includes rural areas across the north, center, and south of the country. For Region 4, we estimate a living income of VND 10,095,308 (USD 423) per month, as of November 2022. This is the income required for a typical family of 2 adults and 2 children to afford a nutritious, low-cost diet, healthy housing, adequate health care, education through secondary school, and all other expenses, plus a small margin for unexpected events. Our estimate of a living wage for Region 4 is VND 6,132,865 (USD 257), based on one adult in full-time employment and one adult in part-time employment. These values were calculated using secondary data on household expenditure, labor force activity, and population from the General Statistics Office of Vietnam combined with primary data on local costs of food, housing, health care, education, and transport for a sample of 6 districts in 6 provinces in Northern, Central, and Southern Vietnam. Our living income estimate is around 70% higher than family income based on the 2022 minimum wage for Region 4 (with one adult in full-time employment and one adult in part-time employment).
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