Workers of the Lâm Đồng Aluminum Company in Bảo Lâm District, the Central Highlands of Lâm Đồng. — VNA/VNS Photo Chu Quốc Hùng

HÀ NỘI — Workers’ average income last year was VNĐ7.7 million (US$300) per month, an increase of 8.6 per cent compared to the previous year, equivalent to VNĐ610,000 ($24).

The figure was included in the socio-economic report last year released in Hà Nội on Monday by the General Statistic Office of Việt Nam (GSO).

The population living standards survey last year also showed that the average income per capita, at current prices, also increased by 8.8 per cent compared to 2023, reaching about VNĐ5.4 million ($210) per person per month.

According to data released by the GSO, the average income of male workers last year was VNĐ8.7 million ($340) per month and that of female ones was VNĐ6.5 million ($250) per month.

The average income of workers in urban areas was VNĐ9.3 million ($360) per month and in rural areas it was VNĐ6.7 million ($260) per month.

Not only did wages increase, preliminary results from the household living standards survey 2024 also showed improvements in household income and living conditions.

The preliminary minimum living standard of Vietnamese people last year was about VNĐ1.8 million ($70) per person per month, which breaks down into urban areas about VNĐ2.3 million ($90) per person per month and rural areas about VNĐ1.7 million ($66) per person per month.

Compared to 2023, the minimum living standard last year was up by 6.7 per cent.

According to the GSO, the six-per-cent increase in the minimum wage for workers from July 1 last year has helped improve their life in particular and all the people in general.

The monthly labour and employment survey report also showed that, in December last year, the rate of households with unchanged income and an increase compared to the previous year was 96.3 per cent.

The rate of households with decreased income and unknown income was 3.7 per cent.

Households with monthly income which had decreased in December last year compared to the same period in 2023 gave the following reasons: The biggest share, 39.1 per cent, had household members losing their jobs or temporarily quitting their jobs, 23.9 per cent reported it was due to a downturn in the scale of their production and business activities, 21.8 per cent assessed that it was due to an increase in input costs for production and business activities and 19.1 per cent believed that it was due to a decrease in the selling price of products from production and business activities. — VNS