From July 1, 2024, what is the expected region-based minimum wage in Region III after increasing region-based minimum wages in Vietnam?
From July 1, 2024, what is the expected region-based minimum wage in Region III after increasing region-based minimum wages in Vietnam?
On December 20th, the Vietnam National Salary Council held a vote and finalized the proposal to increase region-based minimum wages by 6% starting from July 1st, 2024.
Mr. Ngo Duy Hieu, Vice Chairman of the Vietnam General Confederation of Labor and Vice Chairman of the Vietnam National Salary Council, assessed that the 6% increase is appropriate considering the challenges faced by both workers and businesses.
If approved, the expected increases in region-based minimum wages are as follows:
- Region I will increase from 4.68 million VND/month to about 4.96 million VND/month (an additional 280,000 VND).
- Region II will increase from 4.16 million VND/month to about 4.41 million VND/month (an increase of 250,000 VND).
- Region III will increase from 3.64 million VND/month to about 3.86 million VND/month (an increase of 220,000 VND).
- Region IV will increase from 3.25 million VND/month to about 3.45 million VND/month (an increase of 200,000 VND).
For region-based minimum wages per hour, the Vietnam National Salary Council also agreed on a 6% increase starting from July 1st, 2024. The expected increases are as follows:
Region I will increase from 22,500 VND/hour to about 23,800 VND/hour.
Region II will increase from 20,000 VND/hour to about 21,000 VND/hour.
Region III will increase from 17,500 VND/hour to about 18,600 VND/hour.
Region IV will increase from 15,600 VND/hour to about 16,600 VND/hour.
Therefore, according to the proposed plan agreed upon by the Vietnam National Salary Council, region-based minimum wages per hour will increase by 6% starting from July 1st, 2024.
Based on this, the expected region-based minimum wages in Region III are as follows
Region | Region-based minimum wages per month (Unit: VND/month) | Region-based minimum wages per hour (Unit: VND/hour) |
Region III | 3.858.400 | 18.600 |
From July 1, 2024, what is the expected region-based minimum wage in Region III after increasing region-based minimum wages in Vietnam? (Image from the Internet)
What are the region-based minimum wages after the salary reform in Vietnam in 2024?
Based on the provisions in Section II of Resolution 27-NQ/TW in 2018 regarding salary reform in 2024, the reform for region-based minimum wages can be summarized as follows:
- Continuously improve policies regarding region-based minimum wages per month.
- Adjust region-based minimum wages to ensure the minimum living standards of workers and their families, taking into account the relationship with labor market factors and socio-economic development (labor supply and demand, economic growth rate, consumer price index, labor productivity, employment, unemployment, and the payment capacity of businesses).
- Reorganize the functions, tasks, and organizational structure of the National Salary Council; supplement independent experts to participate in the Council.
Vietnam: What subregions does the Region III include?
Pursuant to the regulations in the List of subregions to which statutory minimum wages are applied from july 01, 2022 in the Appendix issued with Decree 38/2022/ND-CP, Region III includes the following subregions:
- Remaining provincial cities (except provincial cities of region I and region II);
- Kinh Mon Town and suburban districts of Hai Duong Province, including: Cam Giang, Nam Sach, Kim Thanh, Gia Loc, Binh Giang and Tu Ky;
- Suburban districts of Vinh Phuc Province, including: Vinh Tuong, Tam Dao, Tam Duong, Lap Thach and Song Lo;
- Phu Tho Town and suburban districts of Phu Tho Province, including: Phu Ninh, Lam Thao, Thanh Ba and Tam Nong;
- Suburban districts of Bac Giang Province, including: Viet Yen, Yen Dung, Hiep Hoa, Tan Yen and Lang Giang;
- Suburban districts of Quang Ninh Province, including: Van Don, Hai Ha, Dam Ha and Tien Yen;
- Sa Pa Town and Bao Thang suburban district of Lao Cai Province;
- Remaining suburban districts of Hung Yen Province;
- Suburban districts of Thai Nguyen Province, including: Phu Binh, Phu Luong, Dong Hy and Dai Tu;
- Remaining suburban districts of Nam Dinh Province;
- Duy Tien Town and Kim Bang suburban district of Ha Nam Province;
- Suburban districts of Ninh Binh Province, including: Gia Vien, Yen Khanh and Hoa Lu;
- Bim Son Town, Nghi Son Town and suburban districts of Thanh Hoa Province, including Dong Son and Quang Xuong;
- Thai Hoa Town, Hoang Mai Town, and other suburban districts of Nghe An Province, including: Quynh Luu, Yen Thanh, Dien Chau, Do Luong, Nam Dan, Nghia Dan.
- Ky Anh Town of Ha Tinh Province;
- Huong Thuy Town, Huong Tra Town and suburban districts of Thua Thien Hue Province, including: Phu Loc, Phong Dien, Quang Dien and Phu Vang;
- Dien Ban Town and suburban districts of Quang Nam Province, including: Dai Loc, Duy Xuyen, Nui Thanh, Que Son, Thang Binh and Phu Ninh;
- Two suburban districts of Quang Ngai Province, including: Binh Son and Son Tinh;
- Song Cau Town and Dong Hoa Town of Phu Yen Province;
- Two suburban districts of Ninh Thuan Province, including: Ninh Hai and Thuan Bac;
- Ninh Hoa Town and suburban districts of Khanh Hoa Province, including: Cam Lam, Dien Khanh and Van Ninh;
- Dak Ha suburban district of Kon Tum Province;
- Two suburban districts of Lam Dong Province, including Duc Trong and Di Linh;
- La Gi Town and two suburban districts of Binh Thuan Province, including Ham Thuan Bac and Ham Thuan Nam;
- Phuoc Long Town, Binh Long Town and suburban districts of Binh Phuoc Province, including: Hon Quan, Loc Ninh and Phu Rieng;
- Remaining suburban districts of Tay Ninh Province;
- Remaining suburban districts of Dong Nai Province;
- Suburban districts of Ba Ria - Vung Tau Province, including: Long Dien, Dat Do, Xuyen Moc, Chau Duc and Con Dao;
- Kien Tuong Town and suburban districts of Long An Province, including: Duc Hue, Chau Thanh, Tan Tru and Thanh Hoa;
- Go Cong Town, Cai Lay Town, and two suburban districts of Tien Giang Province, including Cho Gao and Tan Phuoc;
- Suburban districts of Ben Tre Province, including: Ba Tri, Binh Dai and Mo Cay Nam;
- Two suburban districts of Vinh Long Province, including: Mang Thit and Long Ho;
- Suburban districts of Can Tho City;
- Suburban districts of Kien Giang Province, including: Kien Luong, Kien Hai and Chau Thanh;
- Tan Chau Town and suburban districts of An Giang Province, including: Chau Phu, Chau Thanh and Thoai Son;
- Suburban districts of Hau Giang Province, including Chau Thanh and Chau Thanh A;
- Duyen Hai Town of Tra Vinh Province;
- Gia Rai Town and Hoa Binh suburban district of Bac Lieu Province;
- Vinh Chau Town and Nga Nam Town of Soc Trang Province;
- Suburban districts of Ca Mau Province, including: Nam Can, Cai Nuoc, U Minh and Tran Van Thoi;
- Suburban districts, including Le Thuy, Quang Ninh, Bo Trach and Quang Trach, and Ba Don Town of Quang Binh Province.
LawNet