Business cost in Vietnam

Note:

  • The following information is from the source of Ministry of Planning and Investment
  • The content below contains many tables, for the best experience, it is recommended that you should view this page on your computer (desktop) instead of your mobile phone.
Starting a Business

No.

Procedure

Associated Costs

1

Check the proposed company name; obtain a business registration certificate as well as a tax registration certificate from the local business registration office under the Department of Planning and Investment

$9.52

2

Make a company seal

$7.85–$17.61for bronze seal

3

Registration of the seal-sample at the Police Department

$2.38

4

Open a bank account

No charge

5

Publish the registration contents on the National Business Registration Portal (NBRP)

$33.33

6

Pay Business license tax

$47.61

7

Buy electronic invoices

Approximately$36.71per 300 invoices

8

Register with the local labor office to declare use of labor

(Municipal Department for Labor, Invalids and Social Affairs)

No charge

9

Register employees with the Social Insurance Fund for the payment of health insurance and social insurance

No charge

10

Register for trade union with Vietnam General Confederation of Labor

No charge


Office & Factory Lease Cost

Lease Cost

Hanoi

Ho Chi Minh city

Da Nang

Officespace

(per sqm /month)

Grade A

$39 - $43

 

$30 - $35

$18

Grade B

$26

$17 - $20

$12

Grade C

$9-$15

$9 - $15

$8 - $12

Industrial Land Rentals

(per sqm/month)

$0.13 - $0.19

$0.26 - $0.42

$0.09 - $0.11


Manpower Cost

 

Zone

 

Area I

(Hanoi, HCM, HaiPhong, …)

Area II

(Hai Duong, Vinh Yen, Hung Yen, BacNinh,…)

Area III

(VinhPhuc, PhuTho, BacGiang,…)

Area IV

(Anywhere else)

Minimum Salary

(Monthly)*

$190

$169

$148

$132

*Based on decree 90/2019/ND/CP

 

Average Salary

Industrial Workers

Industrial Engineers

Industrial Managers

Non-Industrial Workers

Non-Industrial Managers

Hanoi

$155

$355

$773

$389

$957

Ho Chi Minh

$173

$347

$810

$512

$1,193

Da Nang

$121

$218

$499

$285

$903

Water Tariff

Use

Cost ($/m3)

Households

$ 0.1476 - $ 0.3286

Infrastructure Facilities

$ 0.2238

Manufacturers

$ 0.2895

Businesses

$ 0.3714


Electricity Cost

Use

Cost (USD/m3)

Manufacturers

$ 0.424 - $0.452

Services

$ 0.5 - $ 0.643


Freight Cost

From/ To Saigon, Vietnam

Commodity

From/To

Agriculture

Apparel

Computer hardware,

software

Health & Medical Supplies

Home Appliances

Textiles & Leather Products

Yokohama,

Japan

FCL 20 ft

$ 876 - $968

$775 - $857

$868 - $960

$868 - $960

$775 - $857

$775 - $857

FCL 40 ft

$1,308 - $1,446

$1,157 - $1,279

$1,296 - $1,433

$1,296 - $1,433

$1,157 - $1,279

$1,157 - $1,279

FCL 45 ft

$1,439 - $1,590

$1,273 -$1,407

$1,426 -$1,576

$1,426 -$1,576

$1,273 - $1,407

$1,273 - $1,407

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Singapore,

Singapore

FCL 20 ft

$798 - $882

$706 - $780

$ 791 - $874

$791 - $874

$706 - $780

$706 - $780

FCL 40 ft

$1,191 - $1.316

$1,054 - $1,165

$1,180 -$1,304

$1,180 - $1,304

$1,054 - $1,165

$1,054 - $1,165

FCL 45 ft

$1,310 - $1,448

$1,159 -$1,281

$1,298 - $1,435

$1,298 - $1,435

$1,159 - $1,281

$1,159 - $1,281

LCL

$220 - $243

$194 -$215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Busan, South Korea

FCL 20 ft

$678 - $750

$600 - $664

$672 - $743

$672 - $743

$600 - $664

$600 - $664

FCL 40 ft

$1,013 - $1,119

$896 - $991

$1,004 - $1,110

$1,004 - $1,110

$896 - $991

$896 - $991

FCL 45 ft

$1,114 - $1,231

$986 - $1,090

$1,104 - $1,221

$1,104 - $1,221

$986 - $1,090

$986 - $1,090

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Hamburg, Germany

FCL 20 ft

$2,140 - $2,365

$1,894 - $2,093

$2,121 - $2,344

$2,121- $2,344

$1,894 - $2,093

$1,894 - $2,093

FCL 40 ft

$3,194 - $3,531

$2,827 - $3,124

$ 3,166 - $3,499

$3,166 - $3,499

$2,827 - $3,124

$2,827 - $3,124

FCL 45 ft

$3,514 - $3,884

$3,110 - $3,437

$3,483 - $3,849

$3,483 - $3,849

$3,110 - $3,437

$3,110 - $3,437

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Long Beach, USA

FCL 20 ft

$1,914 - $2,116

$1,694 - $1,872

$1,897 - $2,097

$1,897 - $2,097

$1,694 - $1,872

$1,694 - $1,872

FCL 40 ft

$2,858 - $3,158

$2,529 - $2,795

$2,832 -$3,130

$2,832 - $3,130

$2,529 - $2,795

$2,529 - $2,795

FCL 45 ft

$3,143 - $3,474

$2,782 - $3,075

$3,116 - $3,444

$3,116 - $3,444

$2,782 - $3,075

$2,782 - $3,075

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Rotterdam, Netherlands

FCL 20 ft

$2,134 - $2,359

$1,889 - $2,087

$2,115 - $2,338

$2,115 - $2,338

$1,889 - $2,087

$1,889 -$2,087

FCL 40 ft

$3,186 - $3,521

$2,819 - $3,116

$3,157 - $3,490

$3,157 - $3,490

$2,819 - $3,116

$3,157 - $3,490

FCL 45 ft

$3,504 - $3.873

$3,101 - $3,427

$3,473 - $3,839

$3,473 - $3,839

$3,101 - $3,427

$3,101 - $3,427

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Osaka, Japan

FCL 20 ft

$790 - $873

$699 - $773

$783 - $865

$783 - $865

$699 - $773

$699 - $773

FCL 40 ft

$1,179 - $1,303

$1,043 - $1,153

$1,169 - $1,292

$1,169 - $1,292

$1,043 - $1,153

$1,043 - $1,153

FCl 45 ft

$1,297 - $1,434

$1,148 - $1,269

$1,286 - $1,421

$1,286 - $1,421

$1,148 - $1,269

$1,148 - $1,269

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Hong Kong, Hong Kong

FCL 20 ft

$678 - $750

$600 - $664

$672 - $743

$672 - $743

$600 - $664

$883 - $976

FCL 40 ft

$1,013 -

$1,119

$896 - $991

$1,004 - $1,110

$1,004 - $1,110

$896 - $991

$896 - $991

FCL 45 ft

$1,114 - $1,231

$986 - $1,090

$1,104 - $1,221

$1,104 - $1,221

$986 - $1,090

$986 - $1,090

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Shanghai, China

FCL 20 ft

$710 - $784

$628 - $694

$703 - $777

$703 - $777

$628 - $694

$628 - $694

FCL 40 ft

$1,059 - $1,171

$937 - $1,036

$1,050 - $1,161

$1,050 - $1,161

$937 - $1,036

$937 - $1,036

FCL 45 ft

$1,165 - $1,288

$1,031 - $1,140

$1,155 - $1,277

$1,155 - $1,277

$1,031 - $1,140

$1,031 - $1,140

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

*For reference only

From/ To HaiPhong,Vietnam

Commodity

From/To

Agriculture

Apparel

Computer hardware, software

Health & Medical Supplies

Home Appliances

Textiles & Leather Products

Yokohama,

Japan

FCL 20 ft

$993 - $1,098

$879 - $971

$984 - $1,088

$984 - $1,088

$879 - $971

$879 - $971

FCL 40 ft

$1,482 - $1,639

$1,312 - $1,650

$1,469 - $1,624

$1,469 - $1,624

$1,312 -$1,450

$1,312 - $1,450

FCL 45 ft

$1,631 - $1,802

$1,443 - $1,595

$1,616 - $1,787

$1,616 - $1,787

$1,443 - $1,595

$1,443 - $1,595

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Singapore,

Singapore

FCl 20 ft

$743 - $821

$657 - $727

$736 - $814

$736 - $814

$657 - $727

$657 - $727

FCL 40 ft

$1,109 - $1,226

$982 - $1,085

$1,099 - $1,215

$1,099 - $1,215

$982 - $1,085

$982 - $1,085

FCL 45 ft

$1,220 - $1,349

$1,080 - $1,193

$1,209 - $1,337

$1,209 - $1,337

$1,080 - $1,193

$1,080 - $1,193

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Busan, South Korea

FCL 20 ft

$795 - $879

$704 - $778

$788 - $871

$788 - $871

$704 - $778

$704 - $778

FCL 40 ft

$1,187 - $1,312

$1,051 - $1,161

$1,177 - $1,301

$1,177 - $1,301

$1,051 - $1,161

$1,051 - $1,161

FCL 45 ft

$1,306 - $1,444

$1,156 - $1,278

$1,295 - $1,431

$1,295 - $1,431

$1,156 -$1,278

$1,156 - $1,278

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Hamburg, Germany

FCL 20 ft

$1,358 - $1,501

$1,202 -$1,329

$1,346 - $1,488

$1,346 - $1,488

$1,202 - $1,329

$1,202 - $1,329

FCL 40 ft

$2,028 - $2,241

$1,794 - $1,983

$2,010 - $2,221

$2,010 - $2,221

$1,794 - $1,983

$1,794 -$1,983

FCL 45 ft

$2,231 - $2,465

$1,974 -$1,982

$2,211 - $2,444

$2,211 - $2,444

$1,974 - $2,182

$1,974 - $2,182

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Long Beach, USA

FCL 20 ft

$1,206 - $1,333

$1,068 -$1,180

$1,196 - $1,322

$1,196 - $1,322

$1,068 - $1,180

$1,068 - $1,180

FCL 40 ft

$1,801 - $1,990

$1,594 - $1,761

$1,785 - $1,973

$1,785 - $1,973

$1,594 - $1,761

$1,594 - $1,761

FCL 45 ft

$1,981 - $2,190

$1,753 - $1,938

$1,963 - $2,170

$1,963 - $2,170

$1,753 - $1,938

$1,753 - $1,938

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Rotterdam, Netherlands

FCL 20 ft

$1,353 - $1,495

$1,197 - $1,323

$1,341 - $1,482

$1,341 -$1,482

$1,197 -$1,323

$1,197 - $1,323

FCL 40 ft

$2,019 - $2,232

$1,787 - $1,975

$2,001 - $2,212

$2,001 - $2,212

$1,787 - $1,975

$1,787 - $1,975

FCL 45 ft

$2,221 - $2,455

$1,965 - $2,172

$2,201 - $2,433

$2,201 - $2,433

$1,965 - $2,172

$1,965 - $2,172

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Osaka, Japan

FCL 20 ft

$907 - $1,002

$803 - $887

$899 - $994

$899 - $994

$803 - $887

$803 - $887

FCL 40 ft

$1,354 - $1,496

$1,198 - $1,324

$1,342 - $1,483

$1,342 - $1,483

$1,198 - $1,324

$1,198 - $1,324

FCl 45 ft

$1,489 - $1,646

$1,318 - $1,457

$1,476 - $1,631

$1,476 - $1,631

$1,318 - $1,457

$1,318 - $1,457

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Hong Kong, Hong Kong

FCL 20 ft

$384 - $424

$340 - $375

$380 - $420

$380 - $420

$340 -$375

$340 -$375

FCL 40 ft

$573 - $633

$507 - $560

$568 - $628

$568 - $628

$507 - $560

$507 - $560

FCL 45 ft

$630 - $697

$558 - $617

$625 - $691

$625 - $691

$558 - $617

$558 - $617

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Shanghai, China

FCL 20 ft

$827 - $914

$731 - $809

$819 - $906

$819 - $906

$731 - $809

$731 - $809

FCL 40 ft

$1,234 - $1,464

$1,092 - $1,207

$1,223 - $1,352

$1,223 - $1,352

$1,092 - $1,207

$1,092- $1,207

FCL 45 ft

$1,357 - $1,500

$1,201 - $1,328

$1,345 - $1,487

$1,345 - $1,487

$1,201 - $1,328

$1,201 - $1,328

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

*For reference only

Living Cost in Vietnam

Prices in Ho Chi Minh City:

Restaurants

Average.

Meal, Inexpensive Restaurant

$2.58

Meal for 2, Mid-range Restaurant, Three-course

$16.41

Combo Meal at McDonalds or Similar

$3.96

Domestic Beer (0.5 liter draught)

$0.94

Imported Beer (0.33 liter bottle)

$1.88

Cappuccino (regular)

$2.24

Coke/Pepsi (0.33 liter bottle)

$0.49

Water (0.33 liter bottle)

$0.32

Markets

Average.

Milk (regular), (1 liter)

$1.49

Loaf of Fresh White Bread (500g)

$1.07

Rice (white), (1kg)

$0.73

Eggs (12)

$1.16

Local Cheese (1kg)

$8.39

Chicken Breasts (Boneless, Skinless), (1kg)

$3.38

Apples (1kg)

$2.58

Oranges (1kg)

$1.80

Tomato (1kg)

$0.63

Potato (1kg)

$0.75

Lettuce (1 head)

$0.51

Water (1.5 liter bottle)

$0.57

Bottle of Wine (Mid-Range)

$8.20

Domestic Beer (0.5 liter bottle)

$0.67

Imported Beer (0.33 liter bottle)

$1.33

Pack of Cigarettes (Marlboro)

$1.03

Transportation

Average.

One-way Ticket (Local Transport)

$0.23

Monthly Pass (Regular Price)

$7.03

Taxi Start (Normal Tariff)

$0.56

Taxi 1km (Normal Tariff)

$0.66

Taxi 1hour Waiting (Normal Tariff)

$0.91

Gasoline (1 liter)

$1.2 - $1.3

Car Rent (Basic Monthly cost)

 

Toyota Camry (Sedan)

$1,500

Toyota Innova (compact MPV)

$1,300

Utilities (Monthly)

Average.

Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment

$56.28

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

$0.11

Internet (6 Mbps, Unlimited Data, Cable/ADSL)

$14.30

Sports And Leisure

Average.

Fitness Club, Monthly Fee for 1 Adult

$61.61

Tennis Court Rent (1 Hour on Weekend)

$9.38

Cinema, International Release, 1 Seat

$4.11

Rent Per Month (VAT 10% included)

Average.

Saigon Pearl (2 bedrooms, swimming pool, gym)

$1,300 - $1,400

Norfolk Mansion (2 bedrooms, swimming pool, gym)

$3,000

Saigon Sky Garden (2 bedrooms, tennis court, swimming pool, gym)

$3,518 - $3,565

Salaries And Financing

Average.

Average Monthly Disposable Salary (After Tax)

$309.41

Mortgage Interest Rate in Percentages (%), Yearly

11.54

International School Fee

Average

Monthly Fee

$1,419

Monthly Bus Fee

$76 ~ $261

Entrance Fee

$1,118

Japanese School Fee

 

Monthly Fee

$400

Entrance Fee

$500

Bus Fee (monthly)

$130

Hotel

 

5-star

$150 - $217

4-star

$47 - $137

Golf Course(Price included green fee + caddie fee for 1 round 18 hole of golf)

 

Weekdays

$108.76

Weekends

$143.28

Hospital Cost

 

Checkup (no appointment)

$26

Hospital Stay (standard)

$89

 

Prices in Hanoi: 

Restaurants

Average.

 

Meal, Inexpensive Restaurant

$2.11

 

Meal for 2, Mid-range Restaurant, Three-course

$14.06

 

Combo Meal at McDonalds or Similar

$3.75

 

Domestic Beer (0.5 liter draught)

$0.70

 

Imported Beer (0.33 liter bottle)

$1.99

 

Cappuccino (regular)

$2.09

 

Coke/Pepsi (0.33 liter bottle)

$0.50

 

Water (0.33 liter bottle)

$0.37

 

Markets

Avg.

 

Milk (regular), (1 liter)

$1.39

 

Loaf of Fresh White Bread (500g)

$0.65

 

Rice (white), (1kg)

$0.64

 

Eggs (12)

$1.45

 

Local Cheese (1kg)

$8.44

 

Chicken Breasts (Boneless, Skinless), (1kg)

$2.85

 

Apples (1kg)

$3.26

 

Oranges (1kg)

$2.57

 

Tomato (1kg)

$0.74

 

Potato (1kg)

$0.54

 

Lettuce (1 head)

$0.77

 

Water (1.5 liter bottle)

$0.69

 

Bottle of Wine (Mid-Range)

$11.25

 

Domestic Beer (0.5 liter bottle)

$0.56

 

Imported Beer (0.33 liter bottle)

$0.94

 

Pack of Cigarettes (Marlboro)

$1.03

 

Transportation

Avg.

 

One-way Ticket (Local Transport)

$0.23

 

Monthly Pass (Regular Price)

$6.56

 

Taxi Start (Normal Tariff)

$0.56

 

Taxi 1km (Normal Tariff)

$0.60

 

Taxi 1hour Waiting (Normal Tariff)

$4.69

 

Gasoline (1 liter)

$1.2 – $1.3

 

Car Rent (Monthly cost)

 

 

Toyota Camry (Sedan)

$1500

 

Toyota Innova (Compact MPV)

$1333

 

Utilities (Monthly)

Avg.

 

Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment

$45.56

 

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

$0.08

 

Internet (6 Mbps, Unlimited Data, Cable/ADSL)

$13.28

 

Sports And Leisure

Avg.

 

Fitness Club, Monthly Fee for 1 Adult

$78.13

 

Tennis Court Rent (1 Hour on Weekend)

$4.06

 

Cinema, International Release, 1 Seat

$4.64

 

Rent Per Month (VAT 10% included)

Avg.

 

The Manor (3 bedrooms, furniture included)

$1,900 - $2,500

 

Keangnam Hanoi Landmark Tower (3 bedrooms, furniture included)

$1,800 - $2,000

 

Fraser Suite (1 bedroom, furniture included)

$2,296

 

Summerset Grand (2 bedrooms, furniture included)

$3,075- $3,294

 

Salaries And Financing

Avg.

 

Average Monthly Disposable Salary (After Tax)

$315.12

 

Mortgage Interest Rate in Percentages (%), Yearly

12.16

 

International School Fee

Avg.

 

Monthly Fee

$1,583

 

Monthly Bus Fee

$67

 

Entrance Fee

$800

 

Japanese School Fee

 

 

Monthly Fee

$400

 

Entrance Fee

$500

 

Bus Fee (monthly)

$130

 

Golf Course(Price included green fee + caddie fee for 1 round 18 hole of golf)

 

 

Weekdays

$98

 

Weekends

$128

 

Hospital Cost

 

 

Checkup (no appointment)

$38

 

Hospital Stay (standard)

$95.23

 

 

Prices in Danang:

Restaurants

Average.

 

Meal, Inexpensive Restaurant

$1.88

 

Meal for 2, Mid-range Restaurant, Three-course

$7.03

 

Combo Meal at McDonalds or Similar

$3.52

 

Domestic Beer (0.5 liter draught)

$0.68

 

Imported Beer (0.33 liter bottle)

$1.20

 

Cappuccino (regular)

$1.41

 

Coke/Pepsi (0.33 liter bottle)

$0.44

 

Water (0.33 liter bottle)

$0.41

 

Markets

Avg.

 

Loaf of Fresh White Bread (500g)

$0.75

 

Rice (white), (1kg)

$0.48

 

Local Cheese (1kg)

$3.00

 

Tomato (1kg)

$0.80

 

Transportation

Avg.

 

One-way Ticket (Local Transport)

$0.47

 

Monthly Pass (Regular Price)

$6.36

 

Taxi Start (Normal Tariff)

$0.48

 

Taxi 1km (Normal Tariff)

$0.50

 

Taxi 1hour Waiting (Normal Tariff)

$0.85

 

Gasoline (1 liter)

$1.2 - $1.3

 

Car Rent (Monthly)

 

Toyota Camry (Sedan)

$1500

 

Toyota Innova (Compact MPV)

$1300

 

 

 

 

Utilities (Monthly)

Avg.

 

Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment

$50.62

 

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

$0.19

 

Internet (6 Mbps, Unlimited Data, Cable/ADSL)

$14.28

 

Sports And Leisure

Avg.

 

Fitness Club, Monthly Fee for 1 Adult

$25.00

 

Tennis Court Rent (1 Hour on Weekend)

$4.00

 

Cinema, International Release, 1 Seat

$5.14

 

Rent Per Month (VAT 10% included)

Avg.

 

Vinh Trung Plaza

$800 - $1,300

 

Azura Da Nang

$900 - $1,800

 

Salaries And Financing

Avg.

 

Average Monthly Disposable Salary (After Tax)

$450.00

 

Mortgage Interest Rate in Percentages (%), Yearly

14.00

 

International School Fee

Avg.

 

Monthly School Fee

$986

 

Monthly Bus Fee

$70

 

Entrance Fee

$204

 

Hotel

 

 

5-star

$142 - $250

 

4-star

$42 – $118

 

Golf Course(Price included green fee + caddie fee for 1 round 18 hole of golf)

 

 

Weekdays

$110.23

 

Weekends

$152.85

 

Hospital Cost

 

 

Checkup (no appointment)

$27

 

Hospital Stay (standard)

$83

 

Crowe Vietnam delivers a full-service package in all business phases including Market Entry, Establishment, Operation, Expansion, M&A and Exit. To view our services in detail.