What is considered a high salary in Vietnam?

What is considered upper middle class in Vietnam?

Okay, so upper middle class in Vietnam, huh? Well, basically, its like, Emerging Affluent peeps.

I think… Yeah! They’re usually earning, like, between 22,500,000 VND to 60,000,000 VND a month. It’s kinda a big range, i know.

That’s how they are positioned, as upper middle class, because get this they got there themselves.

• Earning range: 22,500,000 VND to 60,000,000 VND monthly.
• Origin: Grew from the middle class.
• Achievement: Did it on their own, they didnt inhereted anything.
• Class name: Called Emerging Affluent.

My cousin, like, kinda fits in there – she works in IT. She says the cost of living in Ho Chi Minh City is no joke! Like, even with that salary range, its not always easy. Sometime she buys bubble tea. We live near each other. I see her all the time. Its great!

Is there a class system in Vietnam?

Yeah, Vietnam has classes, man, it’s obvious.

Back in Hanoi, 2023, chilling at a “bia hoi” place near Hoan Kiem Lake, I overheard some guys talking. One, a construction worker, grumbled about some “quan chuc” (officials) getting rich off land deals. You could FEEL the resentment, raw and real. It hit me then.

It’s not written in law, but these classes exist.

• “Nguoi Giau” (Rich People): Big business owners. Think real estate tycoons, tech CEOs making bank. Basically, anyone flashing serious cash. Their kids are studying abroad, driving fancy cars. They live in gated communities.
• Corrupt Officials: Oh man, these guys. They’re like leeches, sucking the life out of the system. They own villas in Da Nang, invest in condos in HCMC. Everyone knows, nobody says anything.
• “Co Moi” (Connections): It’s all about who you know. Shady business types. They grease palms, cut corners. It’s how things get done, unfortunately. My cousin had to bribe someone just to get his business permit. Unbelievable!
• Entertainers: Some singers and actors are rolling in dough, endorsed by big brands, like Son Tung M-TP, just swimming in money.

It’s not a rigid structure, unlike, say, India’s caste system, but wealth talks. Influence buys silence. It’s frustrating.

It isn’t the best system, honestly!

What are the 5 classes of Vietnam?

It’s late. The classes, huh? Five classes… that’s what they told us.

• Intellectuals. Always felt distant from them. Up in their towers.

• Farmers. My grandmother, her hands were always rough. That’s a farmer’s hands. Hard work.

• Workers. My father worked in the factory. Came home tired, every single night. I remember that clearly.

• Entrepreneurs. The new rich. Don’t understand them. Never will, i think.

• Soldiers. My uncle never came back. Just gone. A star for that, huh?

It feels… small, doesn’t it? Five classes. And a golden star, for all of it.

It’s so… simplified. It’s not that simple, things never are. Always more. Like my uncle… how does that fit in five?

What salary is considered wealthy?

Wealth? A fluid concept.

Top 1%? $819,324 in 2024. Or is it? Details below.

5% touch $335,891. Give or take. Who’s counting?

IRS whispers $540,009 for the elite 1% back in…nevermind, doesn’t matter. I got paid way less.

10% reach $151,935. Adequate.

Numbers lie, don’t they?

• Definition of Wealth: Beyond income alone. Includes assets. Investments, property, maybe some Beanie Babies.

• Income Fluctuation: Depends on source data. IRS, surveys, wishful thinking.

• Geographic Factor: San Francisco versus Topeka. Obvious.

• Net Worth Metric: Income versus total accumulated wealth. Inheritances count, sadly.

• Personal Perspective: Rich is relative. Happiness, however? Priceless. Nah, jk, everything has a price.

What salary qualifies as top 1%?

Ah, the 1% club. You want in, eh? So, $794,129.That’s your golden ticket for 2024. Chump change, really (says me, staring at my ramen).

Like, it’s basically a rounding error on Jeff Bezos’ tax return. Just a teensy, tiny, insignificant rounding error.

Think of it: almost 800k. Finally, you can afford that solid gold toilet paper dispenser. Priorities, man, priorities.

• Top 1% Threshold (2024): $794,129 annually.
• Source: Social Security Administration (wage data).
• Note: This is based on individual earnings, not household income. So, if you and your spouse both earn, like, a respectable amount, well, congrats.

Did you know Monaco has the highest concentration of millionaires? Maybe you’ll just move there. Rent’s cheap, right? (Okay, sarcasm alert!) My aunt always told me to aim high. I mean, she also told me to invest in Beanie Babies. But… you get my point.