Wednesday, February 19 2020


VCCI release incomes by sector 2014

Update: April, 16/2016 - 12:58
A local bank's transaction office. Banking and finance employees have the highest average income across all sectors in Viet Nam. -- Photo

HÀ NỘI Viet Nam News -— Banking, finance and insurance employees had the highest income across all sectors in Việt Nam in 2014, with an average income of about VNĐ195 million (US$8,660) per year.

The Việt Nam Chamber of Commerce and Industry (VCCI) announced the figure in the Việt Nam Annual Business Report 2015, which it released at a business forum in Hà Nội on Wednesday.

Information and communications employees were the runners-up with an average income of VND140 million per year. They were followed closely by employees involved in the production and distribution of electricity, gas, steam and air-conditioners, with an average income of VNĐ135 million per year.

The income of workers in the manufacturing sector averaged VNĐ68 million per year, higher than the VNĐ53 million average in the agriculture-forestry-aquaculture sector.

Overall, the average annual income of labourers nationwide grew from VNĐ28 million in 2007 to VNĐ74.6 million in 2014.

The VCCI study also reported an increase of 2.5 times in the average turnover per labourer for all businesses in Việt Nam during 2007-15.

The average turnover rose from around VNĐ482 million in 2007 to roughly VNĐ1.2 billion in 2015, equivalent to an average growth rate of 12.1 per cent per year.

In 2014, the average turnover per labourer of electricity, gas, steam and air-conditioner producers and distributors reached about VNĐ4.3 billion per year, topping all sectors.

Wholesale, retail and motorcycle repair ranked second with an average turnover of some VNĐ3.1 billion per labourer per year.

Ore mining ranked third with an average turnover of VNĐ2.2 billion per worker per year, followed closely by banking and finance with more than VNĐ2 billion per employee per year.

The average turnover in banking and finance has declined continuously during the 2012-14 period, after previously taking our the top position for a number of years. — VNS

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