Average Payroll Specialist Salary in Vietnam for 2024

In this article, we will look at the average Payroll Specialist salary for 2024 in Vietnam and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Vietnamese đồng. To keep things simple, we are using the VND currency code instead of the currency symbol ₫.

How Much Does a Payroll Specialist Make in Vietnam?

A Payroll Specialist working in Vietnam will typically earn around 152,398,600 VND per year, and this can range from the lowest average salary of about 71,400,600 VND to the highest average salary of 239,998,500 VND.

Average Annual Salary
152,398,600 VND
Average Monthly Salary
12,699,883 VND

Lowest Annual Salary
71,400,600 VND
Lowest Monthly Salary
5,950,050 VND

Highest Annual Salary
239,998,500 VND
Highest Monthly Salary
19,999,875 VND

These are average salaries for a Payroll Specialist in Vietnam and include benefits such as housing and transport. It's also possible for a Payroll Specialist to earn more or less than the average salaries shown above.

Payroll Specialist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Payroll Specialist Salaries in Vietnam

So we've looked at the average salaries a Payroll Specialist will earn in Vietnam. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Payroll Specialist can earn between 71,400,600 VND and 239,998,500 VND on average in Vietnam. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Payroll Specialist in Vietnam is 160,800,900 VND. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 160,800,900 VND, and 50% of the population earn more than 160,800,900 VND.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Payroll Specialist salary in Vietnam, 25% of the population are earning less than 104,521,900 VND while 75% of the population earn more than 104,521,900 VND.

75% of the population earn less than 212,398,500 VND, and 25% of the population earn more than 212,398,500 VND.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Payroll Specialist Salary by Experience Level in Vietnam

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average payroll specialist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Payroll Specialist in Vietnam that has less than two years of experience can expect to earn somewhere in the region of 82,321,100 VND.
  • 2 - 5 Years Experience. With two to five years of experience the average Payroll Specialist salary would increase to 113,519,000 VND.
  • 5 - 10 Years Experience. From five to ten years of experience as a Payroll Specialist, the average salary would be 162,000,100 VND.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 196,799,500 VND.
  • 15 - 20 Years Experience. A Payroll Specialist with 15 to 20 years of experience can earn an average of 207,600,200 VND.
  • 20+ Years Experience. For a Payroll Specialist with more than 20 years, the expected average salary increases to 226,800,200 VND.

Average Salary by Experience Chart

0-2 Years
82,321,100 VND
2-5 Years +38%
113,519,000 VND
5-10 Years +42%
162,000,100 VND
10-15 Years +22%
196,799,500 VND
15-20 Years +6%
207,600,200 VND
20+ Years +9%
226,800,200 VND

Payroll Specialist Salary by Education Level in Vietnam

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Payroll Specialist in Vietnam based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Payroll Specialist in Vietnam with a high school education can earn an average salary of 101,759,700 VND.

  • Certificate or Diploma. A Payroll Specialist in Vietnam with a certificate or diploma education can earn an average salary of 118,559,700 VND.

  • Bachelor's Degree. A Payroll Specialist in Vietnam with a bachelor's degree education can earn an average salary of 172,800,900 VND.

  • Master's Degree. A Payroll Specialist in Vietnam with a master's degree education can earn an average salary of 226,800,200 VND.

Average Salary by Education Chart

High School
101,759,700 VND
Certificate or Diploma +17%
118,559,700 VND
Bachelor's Degree +45%
172,800,900 VND
Master's Degree +31%
226,800,200 VND

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Vietnam is around 86,100,000 to 258,000,000 VND and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Payroll Specialist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Vietnam, a male payroll specialist will earn an average of 160,800,900 VND, while a female payroll specialist will earn around 145,200,100 VND.

This means that a male payroll specialist earns approximately 11% more than a female payroll specialist for performing the same job.

Average Salary by Gender Chart in Vietnam

Male
160,800,900 VND
Female -11%
145,200,100 VND

Payroll Specialist Average Pay Raise in Vietnam

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Payroll Specialist in Vietnam is around 12% every 16 months.

The national average pay raise across all professions and industries in Vietnam is around 9% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 16 ) × 12  = 9%

What this means is that a Payroll Specialist in Vietnam can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Vietnam for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Vietnam.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Payroll Specialist Bonus and Incentive Rates in Vietnam

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Payroll Specialist is a moderate bonus based job, with 57% of employees reporting at least one bonus in the last 12 months.

43% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.

Received Bonus
57%
No Bonus
43%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Vietnam earn approximately 9% more than private sector employees in the same role.

Public Sector
213,601,200 VND
Private Sector -9%
196,799,500 VND

Salaries for Jobs Similar to a Payroll Specialist

In the table below, we have salary information for jobs that are similar to a Payroll Specialist in Vietnam.

Job Title Category Salary
Account Examiner Accounting and Finance 109,320,600 VND
Account Executive Accounting and Finance 180,000,500 VND
Accountant Accounting and Finance 140,401,100 VND
Accounting Analyst Accounting and Finance 181,199,700 VND
Accounting Assistant Accounting and Finance 113,881,000 VND
Accounting Associate Accounting and Finance 104,521,900 VND
Accounting Clerk Accounting and Finance 88,921,600 VND
Accounting Coordinator Accounting and Finance 130,799,600 VND
Accounting Head Accounting and Finance 284,398,600 VND
Accounting Manager Accounting and Finance 307,199,100 VND
Accounting Officer Accounting and Finance 113,281,500 VND
Accounting Specialist Accounting and Finance 194,398,100 VND
Accounting Supervisor Accounting and Finance 194,398,100 VND
Accounting Technician Accounting and Finance 103,561,000 VND
Accounting Unit Controller Accounting and Finance 255,600,300 VND
Accounts Executive Accounting and Finance 181,199,700 VND
Accounts Officer Accounting and Finance 116,521,600 VND
Accounts Payable and Receivable Specialist Accounting and Finance 145,200,100 VND
Accounts Payable Assistant Accounting and Finance 117,358,400 VND
Accounts Payable Associate Accounting and Finance 136,800,100 VND
Accounts Payable Clerk Accounting and Finance 111,598,600 VND
Accounts Payable Manager Accounting and Finance 278,400,900 VND
Accounts Receivable Administrator Accounting and Finance 213,601,200 VND
Accounts Receivable Clerk Accounting and Finance 108,478,500 VND
Accounts Receivable Financial Analyst Accounting and Finance 196,799,500 VND
Accounts Receivable Manager Accounting and Finance 293,999,200 VND
Accounts Receivable Team Leader Accounting and Finance 213,601,200 VND
Assistant Accountant Accounting and Finance 107,521,300 VND
Assistant Accounting Manager Accounting and Finance 264,000,100 VND
Assistant Auditor Accounting and Finance 152,398,600 VND
Assistant Corporate Controller Accounting and Finance 206,398,800 VND
Assistant Finance Manager Accounting and Finance 298,799,000 VND
Assistant Financial Controller Accounting and Finance 199,199,700 VND
Audit Director Accounting and Finance 327,600,900 VND
Audit Supervisor Accounting and Finance 271,201,600 VND
Auditing Clerk Accounting and Finance 116,521,600 VND
Auditing Manager Accounting and Finance 291,598,200 VND
Billing Clerk Accounting and Finance 111,598,600 VND
Billing Coordinator Accounting and Finance 138,000,600 VND
Billing Specialist Accounting and Finance 153,600,700 VND
Billing Supervisor Accounting and Finance 215,998,500 VND
Bookkeeper Accounting and Finance 96,478,500 VND
Bookkeeping Specialist Accounting and Finance 141,598,200 VND
Budget Analyst Accounting and Finance 261,598,900 VND
Budget Manager Accounting and Finance 293,999,200 VND
Business Support Analyst Accounting and Finance 171,598,600 VND
Capital Markets Associate Accounting and Finance 217,198,400 VND
Cash Flow Analyst Accounting and Finance 223,198,300 VND
Cash Management Manager Accounting and Finance 302,399,700 VND
Cash Management Officer Accounting and Finance 164,398,100 VND
Cashbook Clerk Accounting and Finance 104,398,800 VND
Chartered Accountant Accounting and Finance 189,600,800 VND
Chief Accountant Accounting and Finance 208,801,000 VND
Collections Clerk Accounting and Finance 87,001,300 VND
Collections Representative Accounting and Finance 122,398,700 VND
Collections Specialist Accounting and Finance 148,800,300 VND
Corporate Controller Accounting and Finance 236,398,300 VND
Corporate Treasurer Accounting and Finance 278,400,900 VND
Cost Accountant Accounting and Finance 146,401,200 VND
Cost Accounting Manager Accounting and Finance 299,999,800 VND
Cost Accounting Supervisor Accounting and Finance 243,598,200 VND
Cost Analyst Accounting and Finance 225,599,800 VND
Credit and Collection Manager Accounting and Finance 284,398,600 VND
Credit and Collection Staff Accounting and Finance 111,598,600 VND
Credit and Loans Officer Accounting and Finance 106,198,200 VND
Credit Controller Accounting and Finance 206,398,800 VND
Credit Manager Accounting and Finance 316,799,800 VND
Debt Adviser Accounting and Finance 235,200,900 VND
Debt Collector Accounting and Finance 118,681,600 VND
Debtors Clerk Accounting and Finance 98,761,000 VND
Debtors Controller Accounting and Finance 113,281,500 VND
Deputy CFO Accounting and Finance 418,801,500 VND
Deputy Head of Finance Accounting and Finance 408,000,400 VND
Derivative Trader Accounting and Finance 242,398,700 VND
Director of Finance Accounting and Finance 415,198,100 VND
Economist Accounting and Finance 358,801,800 VND
Equity Analyst Accounting and Finance 267,601,100 VND
Escrow Assistant Accounting and Finance 127,201,600 VND
Executive Accountant Accounting and Finance 169,198,600 VND
External Auditor Accounting and Finance 203,999,800 VND
Finance Administrator Accounting and Finance 165,599,600 VND
Finance Analyst Accounting and Finance 262,800,400 VND
Finance Associate Accounting and Finance 128,400,500 VND
Finance Director Accounting and Finance 449,999,500 VND
Finance Executive Accounting and Finance 308,401,000 VND
Finance Licensing Clerk Accounting and Finance 101,999,800 VND
Finance Licensing Manager Accounting and Finance 279,599,500 VND
Finance Licensing Specialist Accounting and Finance 164,398,100 VND
Finance Manager Accounting and Finance 400,801,000 VND
Finance Officer Accounting and Finance 140,401,100 VND
Finance President Accounting and Finance 423,599,700 VND
Finance Relationship Manager Accounting and Finance 328,800,600 VND
Finance Release Analyst Accounting and Finance 167,999,600 VND
Finance Specialist Accounting and Finance 246,000,200 VND
Finance Team Leader Accounting and Finance 327,600,900 VND
Financial Accountant Accounting and Finance 152,398,600 VND
Financial Actuary Accounting and Finance 213,601,200 VND
Financial Administrator Accounting and Finance 244,798,100 VND
Financial Advisor Accounting and Finance 278,400,900 VND
Financial Analyst Accounting and Finance 269,998,100 VND
Financial Applications Specialist Accounting and Finance 178,800,800 VND
Financial Assistant Accounting and Finance 119,640,400 VND
Financial Associate Accounting and Finance 123,599,800 VND
Financial Associate Accounting and Finance 138,000,600 VND
Financial Claims Analyst Accounting and Finance 188,401,800 VND
Financial Claims Manager Accounting and Finance 257,999,600 VND
Financial Claims Supervisor Accounting and Finance 248,398,700 VND
Financial Clerk Accounting and Finance 117,001,300 VND
Financial Commercial Analyst Accounting and Finance 207,600,200 VND
Financial Compliance Analyst Accounting and Finance 238,800,100 VND
Financial Consultant Accounting and Finance 199,199,700 VND
Financial Controller Accounting and Finance 237,598,200 VND
Financial Controller Accounting and Finance 244,798,100 VND
Financial Coordinator Accounting and Finance 133,198,700 VND
Financial Customer Service Manager Accounting and Finance 261,598,900 VND
Financial Dealer and Broker Accounting and Finance 156,000,100 VND
Financial Director Accounting and Finance 420,000,700 VND
Financial Encoder Accounting and Finance 129,601,700 VND
Financial Manager Accounting and Finance 391,200,800 VND
Financial Manager Accounting and Finance 412,798,200 VND
Financial Operations Manager Accounting and Finance 373,199,400 VND
Financial Policy Analyst Accounting and Finance 230,401,100 VND
Financial Project Manager Accounting and Finance 311,998,100 VND
Financial Quantitative Analyst Accounting and Finance 247,201,400 VND
Financial Reporting Consultant Accounting and Finance 202,799,300 VND
Financial Reporting Manager Accounting and Finance 284,398,600 VND
Financial Section Head Accounting and Finance 267,601,100 VND
Financial Services Manager Accounting and Finance 388,801,500 VND
Financial Services Sales Agent Accounting and Finance 153,600,700 VND
Fixed Assets Administrator Accounting and Finance 152,398,600 VND
Forensic Accountant Accounting and Finance 165,599,600 VND
Fraud Detection Supervisor Accounting and Finance 182,401,400 VND
Fraud Prevention Manager Accounting and Finance 313,198,900 VND
Fund Accountant Accounting and Finance 138,000,600 VND
Grants Coordinator Accounting and Finance 107,640,400 VND
Group Financial Manager Accounting and Finance 436,799,600 VND
Internal Auditor Accounting and Finance 201,598,500 VND
Internal Control Adviser Accounting and Finance 232,799,400 VND
Internal Control Officer Accounting and Finance 133,198,700 VND
International Tax Director Accounting and Finance 351,599,600 VND
Inventory Accountant Accounting and Finance 152,398,600 VND
Investment Advisor Accounting and Finance 399,598,300 VND
Investment Analyst Accounting and Finance 277,199,700 VND
Investment Associate Accounting and Finance 235,200,900 VND
Investment Broker Accounting and Finance 243,598,200 VND
Investment Fund Manager Accounting and Finance 323,999,400 VND
Investment Operations Manager Accounting and Finance 336,001,500 VND
Investment Underwriter Accounting and Finance 128,400,500 VND
Investor Accounting and Finance 193,201,900 VND
Investor Relations Manager Accounting and Finance 282,000,500 VND
KYC Team Leader Accounting and Finance 288,001,300 VND
Loan Processor Accounting and Finance 124,799,100 VND
Management Accountant Accounting and Finance 159,601,400 VND
Management Economist Accounting and Finance 326,398,700 VND
Paymaster Accounting and Finance 115,918,500 VND
Payroll Administrator Accounting and Finance 187,198,300 VND
Payroll Benefits Coordinator Accounting and Finance 159,601,400 VND
Payroll Billing Manager Accounting and Finance 273,600,800 VND
Payroll Clerk Accounting and Finance 128,400,500 VND
Payroll Manager Accounting and Finance 279,599,500 VND
Payroll Officer Accounting and Finance 122,398,700 VND
Payroll Supervisor Accounting and Finance 182,401,400 VND
Pensions Administrator Accounting and Finance 147,600,500 VND
Personal Financial Advisor Accounting and Finance 218,400,400 VND
Pricing Analyst Accounting and Finance 253,201,100 VND
Private Equity Analyst Accounting and Finance 260,400,500 VND
Project Accountant Accounting and Finance 158,398,200 VND
Proposal Development Coordinator Accounting and Finance 124,799,100 VND
Receivables Accountant Accounting and Finance 130,799,600 VND
Regulatory Accountant Accounting and Finance 163,201,300 VND
Retirement Plan Analyst Accounting and Finance 236,398,300 VND
Revenue Management Specialist Accounting and Finance 254,401,100 VND
Revenue Recognition Analyst Accounting and Finance 282,000,500 VND
Risk Management Director Accounting and Finance 359,999,900 VND
Risk Management Supervisor Accounting and Finance 278,400,900 VND
Staff Accountant Accounting and Finance 134,400,400 VND
Tax Accountant Accounting and Finance 133,198,700 VND
Tax Administrator Accounting and Finance 156,000,100 VND
Tax Advisor Accounting and Finance 227,999,700 VND
Tax Analyst Accounting and Finance 213,601,200 VND
Tax Associate Accounting and Finance 124,799,100 VND
Tax Consultant Accounting and Finance 230,401,100 VND
Tax Director Accounting and Finance 346,799,400 VND
Tax Examiner Accounting and Finance 157,201,600 VND
Tax Manager Accounting and Finance 297,599,600 VND
Tax Research Manager Accounting and Finance 308,401,000 VND
Teller Accounting and Finance 84,358,700 VND
Treasury Accountant Accounting and Finance 153,600,700 VND
Treasury Analyst Accounting and Finance 250,801,100 VND
Underwriter Accounting and Finance 105,960,300 VND
Underwriting Assistant Accounting and Finance 93,358,300 VND
Vice President of Finance Accounting and Finance 406,800,600 VND

Salary Comparison by City

If you want to compare salaries with different cities in Vietnam, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Da Nang 154,800,100 VND
Ha Noi 164,398,100 VND
Hai Phong 142,799,100 VND
Thanh Pho Ho Chi Minh 171,598,600 VND

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Payroll Specialist Salary in Vietnam for 2024". World Salaries. Accessed on December 11, 2024. https://worldsalaries.com/average-payroll-specialist-salary-in-vietnam/.

  • "Average Payroll Specialist Salary in Vietnam for 2024". World Salaries, https://worldsalaries.com/average-payroll-specialist-salary-in-vietnam/. Accessed 11 December, 2024

  • Average Payroll Specialist Salary in Vietnam for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-payroll-specialist-salary-in-vietnam/.