Minimum wage in Vietnam is an issue that always receives the attention of both employees and employers. The following are some regulations on the minimum wage in the Labor Code.
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Regulations on the minimum wage in Vietnam
Accordingly, the content of the minimum wage is specified in Article 91 of the Labor Code of Vietnam:
- Minimum wage is the lowest salary paid to employees who do the simplest jobs in normal working conditions in order to ensure a minimum standard of living for employees and their families, in accordance with working conditions. social economic development.
- Minimum wages are set by region, set by month and hour.
- Minimum wages are adjusted based on the minimum standard of living of workers and their families; the correlation between the minimum wage and the market wage; consumer price index, economic growth rate; labor supply and demand relationships; employment and unemployment; labor productivity; the company's ability to pay.
- The Government shall detail the above contents; decide and announce the minimum wage on the basis of recommendations of the National Wage Council.
Currently, the Government of Vietnam has only issued a Decree on the monthly regional minimum wage (Decree No. 90/2019/ND-CP) but there is no fixed hourly minimum wage.
However, recently in the draft decree on regional minimum wage 2022, the Ministry of Labor, War Invalids and Social Affairs has proposed a minimum hourly wage. Specifically, the proposed minimum hourly wage according to 4 regions in Vietnam is as follows:
- Region I is 22,500 VND/hour;
- Region II is 20,000 VND/hour;
- Region III is 17,500 VND/hour;
- Region IV is 15,600 VND/hour.
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- the minimum wage in Vietnam
