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VietNamNews

Minimum wages set to rise 15% in 2015

Update: November, 15/2014 - 08:56
Region-based monthly minimum wages in Viet Nam will be increased by 15 per cent from January 1 as stipulated in a decree recently issued by the Government. — Photo vnmedia
HA NOI  (VNS) — Region-based monthly minimum wages in Viet Nam will be increased by 15 per cent from January 1 as stipulated in a decree recently issued by the Government.

The wages vary in four different regions based on four separate benchmarks determined by living standards in each area.

In region 1, the most developed which includes urban Ha Noi, Hai Phong and HCM City, the new minimum wage will be VND3.1 million (US$147.6), or VND400,000 higher than the current level.

In region 2, including provinces of Hai Duong, Thai Nguyen and Phu Tho, the wage will be VND2.75 million ($130.9), up by VND350,000.

In region 3, including provinces of Thanh Hoa, Ha Tinh and Quang Ngai the minimum wage level will rise by VND300,000 to VND2.4 million ($114.3).

In region 4, including provinces of Cao Bang, Bac Giang and Quang Nam, the least developed areas, the minimum wage will be VND2.15 million ($102.4) or VND250,000.

The wages will be applied to labourers employed by businesses, co-operatives, farms, households, individuals and organisations, both domestic and foreign. — VNS


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