Contracts Associate Average Salary in Thanh Pho Ho Chi Minh 2024
How much money does a person working as Contracts Associate make in Thanh Pho Ho Chi Minh?
LOW
5,430,000
VND AVERAGE
11,600,000
VND HIGH
18,300,000
VND
A person working as Contracts Associate in Thanh Pho Ho Chi Minh typically earns around 11,600,000 VND. Salaries range from 5,430,000 VND (lowest) to 18,300,000 VND (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Contracts Associate salaries in Thanh Pho Ho Chi Minh vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Contracts Associate Pay Scale and Salaries in Thanh Pho Ho Chi Minh
Salary Structure and Pay Scale Comparison
10,900,000 VND or more
9,560,000 to 10,900,000 VND
6,650,000 VND or less
6,650,000 to 9,560,000 VND
 5,430,000 VND |
11,000,000 VND |
18,300,000 VND |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Contracts Associate in Thanh Pho Ho Chi Minh range from 5,430,000 VND (starting salary) to 18,300,000 VND (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 11,000,000 VND, half of the professionals who work as Contracts Associate in Thanh Pho Ho Chi Minh earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Contracts Associate in Thanh Pho Ho Chi Minh earn less than 8,880,000 VND, while 75% earn more. Similarly, the chart shows that 75% earn less than 12,600,000 VND while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Contracts Associate in Thanh Pho Ho Chi Minh compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 6,650,000 VND to 9,560,000 VND. About 20% of salaries are below the 6,650,000 VND mark, while 10% fall within the range of 9,560,000 VND to 10,900,000 VND. Only 5% of individuals have salaries exceeding 10,900,000 VND.
Salary Comparison by Years of Experience / Contracts Associate / Thanh Pho Ho Chi Minh
How do experience and age affect pay?
| 0 - 2 Years | 6,270,000 VND | |
| 2 - 5 Years | +38% | 8,640,000 VND |
| 5 - 10 Years | +42% | 12,300,000 VND |
| 10 - 15 Years | +22% | 15,000,000 VND |
| 15 - 20 Years | +6% | 15,800,000 VND |
| 20+ Years | +9% | 17,200,000 VND |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Contracts Associate and this is what we found.
Employees with less than two years of experience earn approximately 6,270,000 VND.
While someone with an experience level between two and five years is expected to earn 8,640,000 VND, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 12,300,000 VND, 42% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 15,000,000 VND, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 15,800,000 VND, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 17,200,000 VND, 9% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Contracts Associate / Thanh Pho Ho Chi Minh
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Contracts Associate.
| Bachelor's Degree | 8,640,000 VND | |
| Master's Degree | +83% | 15,800,000 VND |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Contracts Associate in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 8,640,000 VND.
Level 2: Master's Degree
At this level, the average salary becomes 15,800,000 VND, 83% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Vietnam costs anywhere from 86,400,000 VND to 259,000,000 VND and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Contracts Associate / Thanh Pho Ho Chi Minh
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Contracts Associate in Vietnam, the average difference between the salary of male and female employees is 8%.
| Male | 10,900,000 VND | |
| Female | -7% | 10,100,000 VND |
Salary Comparison By Gender in Vietnam for all Careers
Average Annual Salary Increment Percentage / Contracts Associate / Thanh Pho Ho Chi Minh
How much are annual salary increments in Thanh Pho Ho Chi Minh for individuals working as Contracts Associate? How often do employees get salary raises?
Individuals working as Contracts Associate in Vietnam are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Vietnam / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Contracts Associate / Vietnam
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Contracts Associate / Thanh Pho Ho Chi Minh
66,700 VND per hourThe average hourly wage (pay per hour) for individuals working as Contracts Associate in Thanh Pho Ho Chi Minh is 66,700 VND.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Contracts Associate in Thanh Pho Ho Chi Minh is 31,300 VND. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Legal |  -100% | |
| Administrative Law Judge | 51,200,000 VND |  +340% |
| Arbitrator | 23,800,000 VND | +110% |
| Associate Attorney | 25,500,000 VND | +120% |
| Attorney | 37,900,000 VND | +230% |
| Bailiff | 12,000,000 VND | +4% |
| Barrister | 9,720,000 VND | -16% |
| Blockchain Lawyer | 28,000,000 VND | +140% |
| Candidate Attorney | 20,500,000 VND | +77% |
| Conciliator | 17,900,000 VND | +55% |
| Contracts Associate | 11,600,000 VND | +0% |
| Contracts Manager | 22,100,000 VND | +91% |
| Contracts Negotiator | 17,600,000 VND | +52% |
| Contracts Specialist | 12,400,000 VND | +7% |
| Conveyancing Secretary | 9,650,000 VND | -17% |
| Corporate Counsel | 26,100,000 VND | +130% |
| Counsel | 26,300,000 VND | +130% |
| Court Clerk | 8,570,000 VND | -26% |
| Court Judicial Assistant | 13,800,000 VND | +19% |
| Court Liaison Specialist | 17,100,000 VND | +48% |
| Court Reporter | 13,600,000 VND | +18% |
| Court Representative | 11,400,000 VND | -1% |
| Crown Prosecution Service Lawyer | 50,700,000 VND | +340% |
| Data Privacy and Protection Lawyer | 32,000,000 VND | +180% |
| Digital Forensics Lawyer | 29,800,000 VND | +160% |
| E-discovery Lawyer | 35,800,000 VND | +210% |
| General Counsel | 47,400,000 VND | +310% |
| Genetics Lawyer | 37,600,000 VND | +230% |
| Immigration Executive | 25,300,000 VND | +120% |
| In House Counsel | 27,900,000 VND | +140% |
| Intellectual Property Lawyer | 35,300,000 VND | +210% |
| Intellectual Property Specialist | 19,100,000 VND | +65% |
| Judge Advocate | 38,900,000 VND | +240% |
| Law Clerk | 8,160,000 VND | -29% |
| Lawyer | 37,900,000 VND | +230% |
| Legal Administrative Assistant | 10,200,000 VND | -12% |
| Legal Advisor | 23,400,000 VND | +100% |
| Legal Assistant | 9,880,000 VND | -15% |
| Legal Associate | 17,000,000 VND | +47% |
| Legal Compliance Officer | 23,200,000 VND | +100% |
| Legal Consultant | 22,600,000 VND | +95% |
| Legal Content Writer | 20,500,000 VND | +77% |
| Legal Counsel | 26,000,000 VND | +120% |
| Legal Data Analyst | 20,400,000 VND | +76% |
| Legal Data Privacy Officer | 18,900,000 VND | +63% |
| Legal Editor | 17,400,000 VND | +50% |
| Legal Executive | 33,600,000 VND | +190% |
| Legal Executive Secretary | 10,500,000 VND | -9% |
| Legal IP Officer | 9,110,000 VND | -21% |
| Legal Officer | 11,400,000 VND | -1% |
| Legal Operations Manager | 41,600,000 VND | +260% |
| Legal Process Outsourcing Professional | 22,700,000 VND | +96% |
| Legal Project Manager | 43,800,000 VND | +280% |
| Legal Risk Analyst | 36,300,000 VND | +210% |
| Legal Secretary | 10,200,000 VND | -12% |
| Legal Services Director | 40,900,000 VND | +250% |
| Legal Services Manager | 41,000,000 VND | +250% |
| Legal Support Worker | 7,000,000 VND | -39% |
| Legal Technology Consultant | 17,600,000 VND | +52% |
| Legislative Liaison | 17,700,000 VND | +53% |
| Litigation Attorney | 47,900,000 VND | +310% |
| Litigation Paralegal | 21,900,000 VND | +89% |
| Litigation Support Specialist | 22,500,000 VND | +95% |
| Magistrate Judge | 58,200,000 VND | +400% |
| Paralegal | 13,600,000 VND | +18% |
| Patent Attorney | 29,000,000 VND | +150% |
| Privacy Compliance Officer | 19,000,000 VND | +64% |
| Privacy Lawyer | 31,900,000 VND | +180% |
| Social Media Lawyer | 29,800,000 VND | +160% |
| Staff Attorney | 29,000,000 VND | +150% |
| Venture Capital Lawyer | 39,600,000 VND | +240% |
| Web Content Lawyer | 29,000,000 VND | +150% |
Salary Comparison By City
| City | Average Salary |
| Da Nang | 10,500,000 VND |
| Ha Noi | 11,500,000 VND |
| Hai Phong | 10,300,000 VND |
| Thanh Pho Ho Chi Minh | 11,600,000 VND |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Vietnam is 8% on average across all career fields.
| Private Sector | 16,500,000 VND | |
| Public Sector | +8% | 17,800,000 VND |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Contracts Associate in Thanh Pho Ho Chi Minh?
A good and competitive compensation would range anywhere between 11,000,000 VND and 12,600,000 VND. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Contracts Associate in Thanh Pho Ho Chi Minh ranges from 5,430,000 VND to 8,880,000 VND. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
