Minimum wage in vietnam. That was effective July 1st, 2024.

Minimum wage in vietnam. Jul 1, 2024 · Vietnam’s evolving labor market has made minimum wage policies a crucial factor for businesses, employees, and policymakers alike. Sep 2, 2024 · The national minimum wage has increased over the years following regular adjustments made by the National Wage Council. According to a resolution passed by the National Assembly, the basic and minimum wages will be increased, bringing significant changes for millions of people. The increase is expected to align with workers' living costs. During this period, the average real minimum wage increas Apr 25, 2025 · Minimum Wage Requirements and Regulations Vietnam implements a regional minimum wage system, dividing the country into four regions based on socio-economic development and cost of living. Thus, from July 1, the new regional minimum wage will be adjusted. Mar 5, 2025 · Discover the average salary in Vietnam for 2025, with insights on wages, regional variations, and how it impacts the local job market. Jul 25, 2024 · In this Legal Update, we emphasize the significant changes in basic salary and minimum salaries stipulated in Decree 73 and Decree 74, as well as their major impact on enterprises wage policies and employee welfare in Vietnam. Nov 30, 2023 · The minimum wage in Việt Nam is categorized into different regions, considering the cost of living variations across the country. Minimum wage The government mandated minimum wage in Vietnam varies by region, ranging from 3,250,000 Vietnamese dong (127 EUR) to 4,420,000 (183 EUR) Vietnamese dong per month. Region II? Whoa, that’s a hefty 4,410,000 Vietnamese Dong. It is VNĐ3. Jul 25, 2011 · What is average wage in Vietnam? Average Wages in Vietnam decreased to 7000 VND Thou/Month (286. As of 2024, the minimum wage varies by region, ranging from 4. Subjects of application of statutory minimum wages in Vietnam 4. Earlier, in late March, the MOLISA proposed a 6 percent increase to Viet Nam's regional minimum wage, equivalent to VND200,000 -280,000 per month, effective from July 1, 2024. 93) depending on the region. Jan 12, 2025 · Labor Costs in Vietnam: Regional Variations and Minimum Wages Vietnam’s labor market is characterized by regional disparities in hourly wages, reflecting differences in economic development and urbanization. This change holds particular importance for CEOs and HR managers, as aligning the company’s payroll systems with the new standards will be crucial for compliance and effective workforce management. org). Feb 16, 2025 · Minimum and Median Salary in Vietnam Minimum Wage (2024): The government sets regional minimum wages between 4,680,000 VND and 5,000,000 VND ($185 – $200) per month. 96 M VND /Month on 7/1/2024. 2% increase in the regional minimum wage for 2026. Jun 27, 2025 · The minimum wage in 34 provinces and cities after the administrative unit arrangement from July 1, 2025 is specifically regulated in Decree 128/2025/ND-CP. This guide provides a comprehensive overview of the recent increase, regional variations, and key considerations for ensuring you meet your legal obligations Jul 2, 2024 · The Statutory minimum wages per hour is the lowest wage used as a basis for negotiating and paying employees under hourly wage agreements, ensuring that the hourly wage or job title fulfillments for an employee within one hour, meeting the labor standards or agreed tasks, is not lower than the Statutory minimum wages. Jan 9, 2024 · Regional minimum wage (VND 4,680,000 to VND 4,160,000) for non-state enterprises based on zones The regional minimum wage varies depending on the location of the enterprise. Jul 7, 2025 · HÀ NỘI — The Việt Nam General Confederation of Labour (VGCL) has proposed raising the minimum wage for all regions, arguing that a raise of up to 9. This adjustment responds to economic improvements, inflationary pressures, administrative changes, and public sector salary reforms aimed at maintaining equitable wage standards amidst evolving socio-economic dynamics Jul 31, 2024 · In Vietnam, the regional minimum wage represents the lowest permissible wage level, serving as the foundation for businesses to negotiate and remunerate their labour force. Get insights into average wages, job market conditions, and industry comparisons on TimeCamp. 42 million (US $191). Jun 18, 2025 · Meanwhile, the hourly minimum wage shall be between VND 16,600 (US$0. Jul 2, 2024 · Below is the content of 74/2024/ND-CP dated June 30, 2024 on the statutory minimum wages for employees working under employment contracts in Vietnam. The minimum wage in Vietnam is a crucial indicator of the country's economic health and living standards. This will affect workers who are employed under the labour code in Vietnam. Country comparison, you can compare any two countries and see the data side by side. 73/2024/ND-CP (" Decree No. Statutory Minimum Wage in Vietnam from July 1, 2022 From July 01, 2022, the statutory minimum wage is as following table (Decree No. In Hanoi and Ho Chi Minh City the minimum wage per month is VNĐ4. 96 million dong, up from a range of 3. 86), depending on the region, beginning in July. Regional minimum wage is applied to employees working in enterprises, cooperatives, farms, households, individuals and institutions and organizations that use employees under labor contract in accordance with the provisions of the Labor Code. VGCL living wage estimate and minimum wage demand (Region 1) (net): 4,885,153. Earlier, the Government issued Decree 74/2024/ND-CP dated June 30, 2024 providing for regional minimum wage, applicable from July 1, 2024. For Region 1, we estimate a living wage of VND 8,545,680 (USD Jan 12, 2025 · Understanding the regional minimum wage and hourly wage variations in Vietnam is crucial for businesses considering operating in the country. The minimum wage is categorized into different levels based on the region where the employee works. 36). Jan 4, 2024 · The GLWC and Anker Research Institute are pleased to share brand new Living Wage and Living Income Benchmark reports and 2023 update reports for all four Minimum Wage regions of Vietnam. Aug 8, 2024 · Explore Vietnam's 2024 minimum wage and basic salary rates, and understand their implications for different sectors and roles. The country’s wages are divided into four regions and are according to the local cost of living with higher urban centers and less rural. Compared to last year, the rate has not changed. On January 1, 2020, region-based minimum wages for non-state employees in Vietnam will increase by an average of 5. The minimum wage is defined in the Labor Code and is applicable to all employers and employees in Vietnam. Minimum Wage in Vietnam Labor Law Vietnam has minimum wage laws, but the minimum wage itself differs by region, as a result of a law change at the start of 2020. This was the required take-home pay for workers for May 5, 2024 · Vietnam Labor Watch has obtained actual pay stubs from 1996 and 1997 that confirm CBS News’ report that Nike violates Vietnamese laws regarding minimum wage and forced overtime. Aug 15, 2024 · Explore the 2025 average salary in Vietnam, including wage differences across industries and regions, plus insights on minimum wage and employee benefits. This isn't just a legal requirement businesses must comply with—it's an important signal about compensation adjustment trends as the economy recovers. Hence, the employees need to know about the regulations on regional minimum wages in Vietnam to best protect their rights and interests. Since July 2024, minimum wages in Viet Nam range from VND 3,450,000 to VND 4,960,000, depending on the region. May 26, 2023 · Prepare your business for global compliance with this complete guide to the minimum wage by country, ranking every country from highest to lowest. By factoring in these differences, companies can accurately estimate labor costs and make informed decisions about their workforce. The average worker in FLA affiliate factories in Vietnam earns significantly more than double the minimum wage and well above the World Bank International Poverty Line, the National Poverty Line, and the legal minimum Jun 19, 2025 · Insights Vietnam's new regional minimum wage policy will be effective from July 1, when the two-tier local administration system comes into effect. 38/2022/ND-CP will come into effect on July 1. Jan 1, 2024 · In Vietnam, what is the newest region-based statutory minimum wage in 2024? According to Resolution 104/2023/QH15 on the state budget estimate for 2024 issued by the National Assembly, from July 1, 2024 it will implement the overall salary policy reform according to Resolution 27-NQ/TW in 2018. 5%. Recently, the objectives, criteria, and mechanisms for determining minimum wages in Vietnam follow the provisions, conventions, and recommendations of ILO. The proposal was made at a meeting in June with representatives 2 days ago · Salary Range, Minimum Wage, and Starting Salary Salaries in Vietnam range from 4,360,000 VND (starting salary) to 76,900,000 VND (maximum average salary, actual maximum is higher). Read an articel and found that there are 4 regions kind of, which have different minimum wages. The country is divided into four regions, with Region One having the highest minimum wage and Region Four the lowest. This analysis focuses on the recalculated 2023 minimum wage in Vietnam’s Regional minimum wage levels and the list of districts in each minimum wage region are adjusted and issued in annual government decrees (Government of Vietnam, 2012-2019). Jun 19, 2025 · Minimum wage is the lowest wage paid to workers doing the simplest work under normal working conditions, to ensure the minimum living standard of workers and their families, in accordance with socio -economic development conditions. Jul 2, 2024 · Vietnam’s monthly and hourly minimum wages increased July 1 under a decree published June 30. 53) to 4. 73 "), regulating the basic salary ("lương cơ sở") for cadres, civil servants, public employees and the armed forces - which is also known as the general minimum wage (GMW), and Decree 74/2024/ND-CP (" Decree No. It equates to roughly 200 US dollars per month. Jun 26, 2025 · As of July 1, 2025, Vietnam’s regional minimum wage will be officially applied in 34 provinces and centrally run cities following the province merger. 68 million VND/month (according to Take-Profit. Region 2 is one of 4 regions used by the Government of Vietnam for seting minimum wages and is mostly comprised of major urban areas in Northern, Central, and Southern Vietnam, excluding Ho Chi Minh City and Hanoi. Since 2009, this wage has been adjusted 16 times. MOLISA is proposing an increase of 6% compared to the current level, applicable from 1 July 2024. From 1/1/2008 to 1/1/2025, the average GDP in Vietnam was 3. Jun 26, 2025 · Vietnam Trade Union proposes to increase minimum wage from July 1, 2026 On the morning of June 26, at the first meeting of the National Wage Council, a representative of the Vietnam General Confederation of Labor (VGCL) proposed to increase the regional minimum wage from July 1, 2026, with the highest increase being 9. Jul 16, 2024 · Starting from July 2024, Vietnam will implement a series of important wage policy reforms aimed at improving the livelihoods of workers and… The minimum wage in Vietnam is a crucial indicator of the country's economic health and living standards. As a minimum, you are required to provide: Minimum wage In Vietnam, the monthly minimum wage varies by I was curious if there was a minimum in Vietnam. The VGCL has suggested two options for the regional minimum wage increase: by 9. However, this report shows a significant living wage gap persists. National Regulations on Minimum Wage As of 2023, the minimum wage in Vietnam is regulated by the government and is subject to periodic adjustments. While nominal wages increased over the period, real wage growth was uneven due to fluctuations in inflation, with a slight decline in Q2 2025. The all-time high was reached on 1/1/2024 with 4. 96 M VND /Month. Jul 9, 2025 · Vietnam Minimum Wage: What is the monthly minimum wage in Vietnam? Okay, so Vietnam’s minimum wage, right? It’s a bit of a mess to figure out. The Minimum Wages in Vietnam decreased to 4. Aug 28, 2024 · 3. If the draft decree is approved, monthly minimum wages will be adjusted across four regions. Workers currently receive 3. Dec 8, 2022 · 1. Jul 11, 2025 · Vietnam proposes a 7. The base wage will increase from 1,800,000 VND to 2,340,000 VND. 489 USD/Month) in the second quarter of 2023. I was looking at this just the other day, August 6th to be exact. 68 million dong that was in effect since July 1, 2022. The National Wage Council voted unanimously on Wednesday to raise the Southeast Asian nation’s monthly floor to between 3. That said, the minimum wage does not necessarily rise every year. Mar 7, 2025 · Vietnam’s minimum wage may be adjusted in 2025 to better reflect living costs and economic growth. 96 million dong ($141. 68 million VND (approximately 190 USD) in high-cost areas like Hanoi and Ho Chi Minh City to 3. Jul 4, 2024 · Vietnam is poised to implement a 6% increase in minimum wages starting July 1, 2024, mandated by the Vietnamese Ministry of Labour, War Invalids and Social Affairs (MOLISA). Jul 1, 2024 · Vietnam's workers' minimum monthly salaries are increased by 6%, or up to VND280,000 ($11), starting Monday. The current national minimum wage stands at 4. 45 million-4. Aug 8, 2025 · In 2024, the monthly minimum wage in Vietnam reached approximately *** million Vietnamese dong. 80-$203. Jul 2, 2024 · With reference to the announcement by the authority in Vietnam, kindly be informed about the upcoming changes in the base and regional minimum wages in Vietnam, effective 1st July 2024. 25 million-4. Principles of applying statutory/regional minimum wages in Vietnam Enterprises and employees may agree on wages, but in all cases, even with the employee’s consent, enterprises and employers are not allowed to pay employees less than the regional minimum wage per month or hour. What are statutory minimum wages? 2. 2 per cent or by 8. 58-$192. This year Vietnam increased its minimum wage by an average of 5. Data prior 2011 refer to minimum wage for domestic enterprises only. Aug 8, 2024 · On June 30, 2024, the Vietnamese government issued Decree 74/2024/ND-CP, which established new minimum wage rates for employees working under employment contracts, effective July 1, 2024. The new rates came into effect in January and range from US$132 to US$190 depending on the region. The regional minimum wage will rise from 4,680,000 VND to 4,960,000 VND. com Jul 8, 2024 · The Vietnamese Government has recently issued Decree 73 formally approving increases to the Minimum Basic Wage and Minimum Monthly Wage, effective from 1 July Jun 22, 2025 · From July 1, regional minimum wage according to new commune-level administrative units According to Decree No. At the first session of the National Wage Council on June 26, the Vietnam General Confederation of Labor proposed two options for increasing the minimum wage - by 9. Starting from July 2024, Vietnam will implement a series of important wage policy reforms aimed at improving the livelihoods of workers and pensioners. It emphasizes the importance of understanding these rights for both employees and employers, promoting a fair and equitable workplace environment. Le Van In society, the employees need to know about their basic rights such as minimum wages. Jun 16, 2025 · Updated regional minimum wage regulations 2025 from $135-$195 monthly. Here you have the comparison of United States vs Viet Nam, Minimum wages Dec 21, 2023 · Vietnam is set to raise its minimum wage by 6 percent next year, pending government approval. This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country. Jul 1, 2024 · The regional minimum wage increase for 2025 aims to improve workers’ living standards and align wage policies with economic growth and evolving administrative boundaries. Speaking at the conclusion of the meeting, after listening to the opinions of relevant parties, Mr. Needs of workers and their families The rules of the minimum wage system refer to the needs of workers and their families, and there are mechanisms in place to consider a rate that covers these needs. As of July 1, 2025, Vietnam's regional minimum wage has been applied in 34 provinces and centrally run cities following the merger of localities. BackgroundThe Vietnamese Labor Code provides that wages may not fall below a minimum level, which will be adjusted periodically based on various market conditions upon the recommendations of the National Apr 4, 2024 · Staying compliant with Vietnam's minimum wage regulations is crucial for employers in 2024. The move comes after unanimous approval from the National Wage Council. For example, during COVID minimum wage rises were put on hold. 7 percent. However, this progress has slowed recently, as almost 12% of workers earn below the The minimum wage is the lowest salary paid to employees performing the simplest jobs under normal working conditions to ensure a minimum standard of living for them and their families, in line with the country’s socio-economic development. Find out how to hire and manage employees in Vietnam with RecruitGo's payroll and hiring services. That was effective July 1st, 2024. Enterprises and employers must pay social insurance for employees at least equal to the statutory minimum wage. Jul 1, 2024 · Accordingly, this Decree regulates the monthly minimum wage and hourly minimum wage applicable to employees working under labor contracts. Minimum wage expected to rise from July 1, 2025 Jul 1, 2024 · Minimum Wage in Vietnam - 2025 AugustMinimum Wage – Vietnam Valid on August 2025 Minimum wage with effect from July 1, 2024 The amounts are in Vietnamese Dong. Jun 1, 2024 · The living wage estimate for Minimum wage region 2 of Vietnam is available from the Global Living Wage Coalition. In addition, Vietnam is also known for its abundant labor supply at low wages. The E covis experts explain the details. One of Vietnam’s advantages making it a preferred destination for investors is its competitive minimum wages as compared to other countries in the region. Accordingly, the highest minimum wage is 4. Jan 10, 2025 · The minimum wage rate is determined on hourly, daily, and monthly basis for different sectors and regions. For In 2025, the base salary for employees in state-owned organizations and enterprises, or the common minimum wage, is VND 2,340,000/month. The Aug 8, 2025 · In 2022, the monthly minimum wage in Vietnam reached *********** Vietnamese dong for Region I. Jul 11, 2025 · On July 11 in Hanoi, the National Wage Council concluded its second meeting of 2025 by voting to propose a 7. Le Van Thanh This report estimates a living wage for minimum wage Region 1 of Vietnam using the Anker Methodology. Jul 8, 2025 · Review Vietnam’s revised minimum wage rates effective 1 July 2025 and how they impact employer payroll calculations. Region III is lower, 3,860,000 Dong, also from July 1st. Region 3 is one of four regions used by the Government of Vietnam for seting minimum wages and includes districts in three main areas: the Red River Delta in the north (around Hanoi), the Central Coast, and across the southeast Jul 2, 2024 · Starting July 1, 2024, Vietnam will implement significant updates to its minimum wage structure, impacting companies across various industries. This is despite Vietnam increasing its minimum wage rates every year. 4%. gov. Decree 74/2024/NĐ-CP (Vietnamese) sets monthly minimum wages for each of four regions from 3. The guide also covers dispute resolution mechanisms and Jan 14, 2025 · Calculating a Living Wage in Vietnam: 2023 Minimum Wage in Region 1 Vietnam’s economic landscape is rapidly evolving, and with it, the financial needs of its workers. Official salary and general information about Vietnam. On 12 June 2022, the Government issued a new order (Decree 38/2022/ND-CP) prescribing statutory minimum wages paid to employees working under labour contracts. Feb 14, 2025 · Can an employee's salary be lower than the statutory minimum wage in Vietnam? Pursuant to Article 90 of the Labor Code 2019 on wages: Article 90. 65) to VND 23,800 (US$0. It has increased the national minimum wage since then. 96 million VND/month and the lowest is 3. New Minimum Wage Rates The Government issued Decree The minimum wage in Vietnam is a crucial indicator of the country's economic health and living standards. 96 M VND /Month, while the lowest value was recorded on 1/1/2008 with 1 M VND /Month. Specifically, in the informal economy, low incomes and exceeding working hours prevail The proposed Minimum Wage Adjustment for 2016, the third since the establishment of the National Wage Council under the revised Labour Code of 2012, is about 12. 96 million Vietnamese dong per month depending on the region, which is equivalent to 135-195 US dollars at the current exchange rate. Median Salary: The median salary in Vietnam is around 12,000,000 VND ($500) per month, meaning half of the workforce earns above this figure while the other half earns less. Jun 18, 2025 · The new regional minimum wage under four regions will take effect from July 1, 2025 when the two-tier local administrations officially come into operation The minimum wage, the lowest amount an employer is legally required to pay workers for simple jobs under normal working conditions, targeting to ensure that workers can meet their most basic needs. Therefore, an increase in the minimum wage is a sensitive This report estimates a living wage for minimum wage Region 3 of Vietnam using the Anker Methodology. 128/2025, dated June 11, 2025 of the Government regulating decentralization and delegation in state management of the internal affairs sector, effective from July 1, 2025, the determination of regional minimum wages implemented according to district-level administrative units will be Aug 19, 2022 · Statutory Minimum Wage per Month There has been an increase of the statutory minimum wage per month in Vietnam [1]. 41 M VND /Month. Guidelines for the application of statutory minimum wages in Vietnam 5. Explore the latest 2024 salary trends in Vietnam with our detailed guide. Feb 1, 2022 · Many people have heard about the term 'minimum wages' in Vietnam. 38/2022/ND-CP dated June 12, 2022) Dec 1, 2024 · This comprehensive guide delves into employee rights in Vietnam, highlighting key aspects such as minimum wage laws, working hours, leave entitlements, and protections against unfair dismissal. Discover the latest update on regional minimum wages in Vietnam. Aug 12, 2024 · Of note, the National Wage Council meets at least once a year to discuss the minimum wage in Vietnam. Vietnam General Confederation of Labor: Proposal to Increase Wages in March 2025 The Vietnam General Confederation of Labor is expected to propose a regional minimum wage increase in early March 2025, after completing surveys and assessments of the socio-economic situation. [7] However, labour laws are not always effectively enforced in Vietnam, where overtime is a recurrent problem in most factories. BackgroundThe Vietnamese Labor Code provides that wages may not fall below a minimum level, which will be adjusted periodically based on various market conditions upon the recommendations of the National Jun 3, 2024 · Minimum wage Vietnam: 6% increase from 1 July 2024The Vietnamese Ministry of Labour, War Invalids and Social Affairs (MOLISA) is drafting a decree regulating the minimum wage for contracted employees. This problem gets many concerns from employees, especially after the increase in basic wage from July 01, 2023. The difference bewtween them is massive! I really don‘t understand this system. The increase was passed by Vietnam’s National Wage Council on July 11, 2019, and approved by the prime minister on November 17 of the same year. There are four different regions, with Region One being the highest and Region Four the lowest in terms of minimum wages and living wages. Aug 19, 2024 · In Vietnam, the minimum salary varies by region to match the cost of living. Ngo Duy Hieu, deputy head of the Vietnam General Confederation of Labor, which heads labor unions across the country, said the hike was suitable and would meet minimum livelihood demands of workers. These expenses were divided by 1. Region 1 is one of four regions used by the Government of Vietnam for seting minimum wages and covers the two largest cities – Ho Chi Minh City and Hanoi. Aug 9, 2025 · Vietnam Vietnam has also made notable progress under the ILO’s Decent Work Agenda. The region based minimum wage levels are applicable to the labourers working under labour contract for companies, enterprises, cooperatives, cooperative groups, farms, households, individuals, agencies, and organizations employing labourers. Dec 22, 2022 · Region-based minimum wage levels in 2023. So, what are the Regulations on regional minimum wages in Vietnam? Jan 3, 2025 · The minimum wage in Vietnam is established by the government and varies depending on the region. The new regulation, Decree No. It will be submitted to the Government for discussion and approval at the next regular meeting, and go into effect on Jan 1, 2016. In this report, FLA compared the average net wage against wage benchmarks in Region One, as it has the highest minimum wage Nov 11, 2024 · In addition to average salaries, the Vietnam minimum wage is also a crucial metric. 3 per cent. 92 million ($167) for those in significant urban areas in Can Tho, Da Nang, and Apr 23, 2013 · The living expenses for a basic but decent standard of living for a reference family in the original living wage country report was estimated at VND 13,310,752 for Minimum Wage Region 1, Vietnam, in November 2022. Vietnam’s average salary and minimum wage policies in 2024 reveal a competitive labor market, attracting FDI with evolving wages and a young, skilled workforce. Similarly, as Vietnam’s economy struggled in 2023 minimum wage hikes were delayed until 2024 Vietnam raises minimum wage by 6%Vietnam's workers' minimum monthly salaries are increased by 6%, or up to VND280,000 ($11), starting Monday. Wages Wage is the amount paid to the employee by the employer under agreement to perform work, including the wage according to the job or title, wage allowance, and other supplementary amounts. Feb 5, 2025 · So what kind of benefits should you offer your Vietnamese workforce? Statutory and common employee benefits in Vietnam As in most countries, certain employee benefits — such as leave entitlement and minimum wage — are protected by law. Feb 22, 2025 · Ha Minh Vi, the Permanent Vice Chairman of the Trade Union of Industrial Zones in Bac Giang province, has told reporters that he would like to see the minimum wage in Vietnam increase by 7 percent this year. The minimum wage depends on the employee’s region: Region I (urban HCMC (Ho Chi Minh City) and Hanoi): 4,420,000 VND/month. Jun 1, 2024 · The living wage estimate for Minimum wage region 1 in Vietnam is available from the Global Living Wage Coalition. 81 Average monthly wage for manufacturing: 4,460,002. This guide explores the factors influencing minimum wages, regional variations, and related regulations. Consequently, many employees may be paid under the minimum wages - a violating action by the employers. 65) and VND 23,800 (US$0. Current monthly and hourly statutory minimum wages in Vietnam According to Article 3 of Decree 38/2022/ND-CP stipulating the monthly minimum wage and the hourly minimum wage as follows: - The region-based statutory minimum wages per month and per hour paid to employees are provided for as follows: Jun 30, 2024 · In brief On 30 June 2024, the Vietnamese government issued both Decree No. Dec 22, 2023 · From July 1, 2024: To increase the region-based minimum wages in Vietnam by 6% to nearly 5 million VND/month? On the morning of December 20, the National Wage Council met for the second session in 2023, to discuss and negotiate a plan to adjust region-based minimum wages in 2024. Mar 28, 2025 · Learn about the minimum wage regulations, social contributions, and regional variations in Vietnam. Jun 12, 2022 · I. Mar 14, 2025 · Vietnam’s Ministry of Home Affairs is preparing to adjust the regional minimum wage in 2025, considering changes in administrative divisions. Feb 21, 2025 · Explore the minimum wage in Vietnam in 2025 per hour, per month and in relation to Vietnam's key low-cost labour competitors in Southeast Asia. With a rising economy and growing foreign investment, the government frequently revises wage structures to balance competitiveness with fair compensation. May 24, 2025 · The Ministry of Home Affairs will develop a minimum wage plan after merging communes and provinces from July 1. The wage according to the job or title must not be lower Apr 13, 2024 · Vietnam revised the regional minimum wages on July 1, 2022, by an average of 6%. 68 million dong ($133. Nike executives insist that they have no plans to cut back their workforce in Vietnam, which numbers more than 45,000 at five factories owned and operated by Nike. Jul 1, 2024 · Meanwhile, a 6 percent increase is also applied to the hourly minimum wage, which would range from VND 16,600 (US$0. Understanding the cost of living and the minimum wage required for basic needs is crucial for assessing the economic well-being of the population. Jun 16, 2025 · Regional minimum wage rates for 2025 have been established under Decree 74/2024/ND-CP, effective from July 1, 2024. Data published Quarterly by General Statistics Office. Employers in Vietnam are advised to pay attention to the cost impact of the statutory pay rate and the minimum regional wage. This report presents wages and compares the pay earned by apparel and footwear workers in Vietnam to the living wage targets that have been developed by several expert groups . 25 million VND (130 USD) in rural provinces Aug 8, 2024 · On June 30, 2024, the Vietnamese government issued Decree 74/2024/ND-CP, which established new minimum wage rates for employees working under employment contracts, effective July 1, 2024. Find out how the government implemented new wage rates. 2% minimum wage increase starting January 2026 to support worker income. The last regional minimum wage increase was introduced in July 2022, targeting to reduce the impacts of the Covid-19 pandemic. Based on these minimum rates, employers can negotiate with their employees over actual monthly salaries that must not be lower than the minimum wage in each region. 2 per cent is necessary to improve workers’ quality of life. Currently, the minimum wage for contracted employees is Discover the average salary in Vietnam, wage comparisons by profession, minimum wage insights, and how Vietnam's salaries stack up globally. As of July 1, 2024, a 6% increase in minimum wages will take effect, impacting social insurance May 15, 2023 · 3. The current value of the Minimum Wages in Vietnam is 4. If you need technical support, please contact InsightPlusSupport@bakermckenzie. This comes amid reports the Ministry of Labor, Invalids and Social Affairs is preparing to conduct a wages survey to use as a basis for discussing the next minimum wage adjustment. May 17, 2023 · What are the regulations on the list of regions applying the regional minimum wage in Vietnam? What is the regional minimum wage in 2023? The minimum wage is adjusted based on the minimum living standards of employees and their families; the relationship between the minimum wage and wages in the market; the consumer price index, economic growth rate; labor supply and demand; employment and unemployment; labor productivity; and the ability of businesses to pay. Dec 21, 2023 · The hourly minimum wage is the lowest wage as a basis for agreement and payment to employees applying the hourly wage method, ensuring a salary according to the job or title of the employee working in the workplace and complete the agreed labor or work quota which must not be lower than the hourly minimum wage in Vietnam. . Accordingly, the statutory minimum wage per month has increased by an average of 6% (from VND 180,000/month to VND Explore the minimum wage in Vietnam, including legal requirements, sector standards, and what they mean for employers. The Regional Minimum Wages In 2024 Before July 1 The regional minimum Jan 21, 2022 · 4. Mar 23, 2024 · The Ministry of Labor, War Invalids and Social Affairs has proposed a 6% increase to Vietnam's regional minimum wage, effective July 1, 2024. Minimum wage The minimum wage in Vietnam is 4. Employers are legally required to pay employees at least the minimum wage corresponding to the region where the work is performed. At a glance On 30 June, the Government issued Decree 73/2024/ND-CP on new basic salary and Decree 74/2024/ND-CP on new minimum salaries which will come into effect from 1 July 2024. 45 million VND/month. According to statistics from the labor management agency, in nearly 10 years (2016-2024), the minimum wage has been periodically adjusted with an average increase rate of 5. Dec 20, 2023 · The National Wage Council voted Wednesday to have minimum wages in the country rise by 6% starting July 1, 2024. 45 to 4. Sep 4, 2024 · In this study, we examine the impact of minimum wages in Vietnam using individual-level data from the annual Labor Force Surveys (2012–20). However, there are regional variations within the country. Smart compensation strategies help CEOs retain talent and boost competitiveness. The studies estimates the living wage that a typical worker would need to receive each month to afford a basic but decent living, as […]Continue Reading Apr 15, 2024 · Illustration photo The Ministry of Home Affairs agreed with a proposal of the Ministry of Labor, Invalids and Social Affairs (MOLISA) on the schedule of the regional minimum wage hike. What are the penalties for paying employees salaries lower than the statutory minimum wages in Vietnam? 1. 96%/year. Minimum salary in Vietnam According to the Vietnamese government, the official minimum wage in Vietnam in 2025 varies from 3. However, not all understand the definition of this term and what their rights are. Shouldn‘t be the minimum wage the same throughout the whole country? And how is it decided, which regions get more? Jul 3, 2024 · From July 1, 2024, the statutory minimum wages per month of employees in Vietnam will increase. 37 Dec 19, 2024 · Minimum Wage in Vietnam The Vietnamese government frequently updates and modifies the minimum wage so that workers will have an opportunity to meet their most basic needs. 25 million dong to 4. Jun 26, 2025 · Minimum wage adjustment could begin July 1, 2025, if labor union proposals are approved. Makes sense, different regions Jun 13, 2022 · Regional minimum wage to increase starting in July 06/13/2022 View by font size: A A (Molisa. 76 full-time worker equivalents per family to obtain the net living wage of VND 7,562,927. With the new policy, monthly minimum wage Mar 6, 2024 · Vietnam’s minimum wage has been revised four times since 2019. In Vietnam, the regional minimum wage is divided into four different economic zones. The maximum rate of average wage for employees was 7199 VND Thou/Month and minimum was 1399 VND Thou/Month. 3%. 74 "), regulating the regional minimum wage (RMW) for employees working This report estimates a living wage for minimum wage Region 2 of Vietnam using the Anker Methodology. Jun 18, 2025 · Details of regional minimum wages by commune-level administrative units in 34 new provinces and cities from July 1 From July 1, the determination of regional minimum wages will be shifted to determining according to commune-level administrative units, instead of district-level as at present, and the list arranged according to 4 regions will also be adjusted. Jul 5, 2025 · Vietnam’s inflation-adjusted average monthly wage (VND) Source: Vietnam’s National Statistics Office This chart tracks Vietnam’s inflation-adjusted average monthly wage from Q1 2023 to Q1 2025. 2%. Jun 18, 2025 · Regional minimum wage according to commune-level administrative units in 34 new provinces and cities from July 1 From July 1, the determination of regional minimum wages will be shifted to determining according to commune-level administrative units, instead of district-level as at present, and the list arranged according to 4 regions will also be adjusted. Feb 22, 2025 · Preparing a plan to increase regional minimum wages in 2025DNVN - The Ministry of Labor, War Invalids and Social Affairs has requested localities to update the areas where the minimum wage is applied in order to prepare a plan to propose to the Government to adjust the regional minimum wage in 2025. With inflation and expenses rising, labor unions are pushing for a significant increase. 2% and 8. 96 M VND /Month on 1/1/2025, after it was 4. Vietnam is a member of the ILO and is also among the majority of members that regulate minimum wages. During the first phase of the Decent Work Country Program, Vietnam reformed its labor code with the ILO’s support. 45 million dong (US$135. Feb 25, 2025 · The regional minimum wage increase for 2025 aims to improve workers’ living standards and align wage policies with economic growth and evolving administrative boundaries. Meanwhile, the regional minimum wage for employees in non-state organizations and enterprises ranges from VND 3,450,000 to 4,960,000/month, categorized in 4 regions. The new wage levels are set to take effect on January 1, 2026. Mar 13, 2025 · The regional minimum wage directly affects the income of workers working under labor contracts. vn) - A new Decree raising the regional minimum wage for labourers was approved on June 12 by Deputy Prime Minister Pham Binh Minh. From 1 July 2024, the Vietnamese government sets new minimum wages through Decree 74/2024/ND-CP. 68 million Vietnamese dong (VND) per month, approximately equivalent to 200 US dollars (USD). kecwuf upjucg bgufyw mmbgo sndg zqviz snuwjy gblqkw unglrr yyjevf