Benchmark Report: Living Wage Report and 2024 Update for Minimum Wage Region 1, Vietnam
2024 Living Wage Update Report: Living Wage Update Report for Minimum Wage Region 1, Vietnam
Abstract
This report provides updated estimates of family living expenses and living wage for Minimum Wage Region 1, 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 1, Vietnam
Abstract
This report estimates a living wage for minimum wage Region 1 of Vietnam using the Anker Methodology. Region 1 is one of four regions used by the Government of Vietnam for setting minimum wages and covers the two largest cities – Ho Chi Minh City and Hanoi. For Region 1, we estimate a living wage of VND 8,545,680 (USD 358) per month, as of November 2022. This is the gross wage required for a typical family of 2 adults (one in full-time employment and one in part-time employment) and 2 children to afford a nutritious, low-cost diet, healthy housing, adequate health care, education through secondary school, and all other essential expenses, plus a small margin for unexpected events. This value was calculated using secondary data on household expenditure, labor force activity, and population from the General Statistics Office of Vietnam combined with primary data collected on local costs of food, housing, health care, education, and transport for a sample of 2 districts in Ho Chi Minh City and 2 districts in Hanoi where workers live. Our living wage estimate is around 80% higher than the minimum wage for Region 1 that was set in July 2022.
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