The highest salary in Hanoi reaches 125 million VND

In 2023, the salary of private sector workers in Hanoi will vary greatly, with the highest being 125 million VND and the lowest being equal to the minimum wage in region I, reaching 4.68 million VND.

The Hanoi Department of Labor, War Invalids and Social Affairs has compiled statistics on more than 3,000 enterprises in the area by the end of December 2023. The results show that private enterprises lead in terms of the highest monthly salary paid to employees; followed by FDI enterprises with VND 70 million; joint stock companies with state-owned capital with VND 29.8 million and units with the entire charter capital held by the state with VND 25 million.

Regarding average labor wages, the FDI sector leads with 7.4 million VND per month; state-owned enterprises holding all charter capital and units with state-controlled capital both reach 7 million VND; the last is the private sector with 6.8 million VND.

Compared to 2022, the average salary of workers in Hanoi last year did not fluctuate much. In 2022, FDI was also the leading sector with 7.4 million VND per person per month. Next was state-owned enterprise workers with 7 million VND; state-owned joint stock companies with 6.95 million VND and private enterprises with 6.8 million VND.

Working on the shirt production line at May 10 Company (Hanoi). Photo: Hong Chieu

According to the Hanoi Department of Labor, War Invalids and Social Affairs, production and business in the city have faced many difficulties in the last months of the year amid market fluctuations, economic crisis and the risk of the pandemic breaking out. Some businesses lack funds to pay workers' salaries, including a company that owes nearly VND1.65 billion in wages and is looking for a source of payment. This unit and the Hanoi Trade Union are monitoring the situation to ensure the rights of workers.

Hong Chieu

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