Average Business Analyst Salary in Vietnam for 2023

In this article, we will look at the average Business Analyst salary for 2023 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 Business Analyst Make in Vietnam?

A Business Analyst working in Vietnam will typically earn around 249,599,700 VND per year, and this can range from the lowest average salary of about 135,600,300 VND to the highest average salary of 377,998,900 VND.

Average Annual Salary

249,599,700 VND

Average Monthly Salary

20,799,975 VND

Lowest Annual Salary

135,600,300 VND

Lowest Monthly Salary

11,300,025 VND

Highest Annual Salary

377,998,900 VND

Highest Monthly Salary

31,499,908 VND

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

Business Analyst 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 Business Analyst Salaries in Vietnam

So we’ve looked at the average salaries a Business Analyst will earn in Vietnam. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Business Analyst can earn between 135,600,300 VND and 377,998,900 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 Business Analyst in Vietnam is 230,401,100 VND. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 230,401,100 VND, and 50% of the population earn more than 230,401,100 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 Business Analyst salary in Vietnam, 25% of the population are earning less than 164,398,100 VND while 75% of the population earn more than 164,398,100 VND.

75% of the population earn less than 279,599,500 VND, and 25% of the population earn more than 279,599,500 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.

Business Analyst 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 business analyst 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 Business Analyst in Vietnam that has less than two years of experience can expect to earn somewhere in the region of 157,201,600 VND.
• 2 – 5 Years Experience. With two to five years of experience the average Business Analyst salary would increase to 197,998,100 VND.
• 5 – 10 Years Experience. From five to ten years of experience as a Business Analyst, the average salary would be 261,598,900 VND.
• 10 – 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 307,199,100 VND.
• 15 – 20 Years Experience. A Business Analyst with 15 to 20 years of experience can earn an average of 339,598,100 VND.
• 20+ Years Experience. For a Business Analyst with more than 20 years, the expected average salary increases to 361,201,700 VND.

Average Salary by Experience Chart

0-2 Years

157,201,600 VND

2-5 Years
+26%

197,998,100 VND

5-10 Years
+32%

261,598,900 VND

10-15 Years
+18%

307,199,100 VND

15-20 Years
+11%

339,598,100 VND

20+ Years
+6%

361,201,700 VND

Business Analyst 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 Business Analyst 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 Business Analyst in Vietnam with a high school education can earn an average salary of 190,800,100 VND.

• Certificate or Diploma. A Business Analyst in Vietnam with a certificate or diploma education can earn an average salary of 214,799,400 VND.

• Bachelor’s Degree. A Business Analyst in Vietnam with a bachelor’s degree education can earn an average salary of 283,199,800 VND.

• Master’s Degree. A Business Analyst in Vietnam with a master’s degree education can earn an average salary of 350,400,300 VND.

Average Salary by Education Chart

High School

190,800,100 VND

Certificate or Diploma
+13%

214,799,400 VND

Bachelor’s Degree
+32%

283,199,800 VND

Master’s Degree
+24%

350,400,300 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.

Business Analyst 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 business analyst will earn an average of 257,999,600 VND, while a female business analyst will earn around 239,998,500 VND.

This means that a male business analyst earns approximately 8% more than a female business analyst for performing the same job.

Average Salary by Gender Chart in Vietnam

Male

257,999,600 VND

Female
-8%

239,998,500 VND

Business Analyst 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 Business Analyst in Vietnam is around 14% 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 = ( 14 ÷ 16 ) × 12  = 11%

What this means is that a Business Analyst in Vietnam can expect to receive an average pay raise of around 11% every 12 months.

Annual Pay Raise by Industry in Vietnam for 2023

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%

Business Analyst 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 Business Analyst is a high bonus based job, with 76% of employees reporting at least one bonus in the last 12 months.

24% 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 6% to 7%.

Received Bonus

76%

No Bonus

24%

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 Business Analyst

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

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.

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