Application of Regional Minimum Wage for Enterprises

01:31, 12/07/2024

The regional minimum wage in 2016 increased across all 4 regions. Specifically, the largest increase was in Region I, with a monthly rate of VND 3,500,000.

The regional minimum wage applied to employees working in enterprises, cooperatives, cooperative unions, partnerships, farms, households, individuals, and agencies and organizations that employ workers under labor contracts in accordance with the current Labor Code.

Decree 122/2015/ND-CP stipulates the regional minimum wage applied to enterprises as follows:

- 3,500,000 VND/month, applied to enterprises operating in Region I;- 3,100,000 VND/month, applied to enterprises operating in Region II;- 2,700,000 VND/month, applied to enterprises operating in Region III;- 2,400,000 VND/month, applied to enterprises operating in Region IV.

Compared to before, the regional minimum wage in 2016 is approximately 250,000-400,000 VND/month higher than the regional minimum wage in 2015.

* The areas under Region I, Region II, Region III, and Region IV are specified in the annex issued along with. See the annex here.

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