Another year is about to pass, putting aside the many worries and concerns of life. Every Tet occasion, families and neighborhoods in Vietnam bustle with preparations for a warm and joyful Tet. Another year will shortly end, and a new year is welcoming with much good news for employees, especially matters related to wages.
The region-based minimum wage and statutory pay rate are two basic types of wages mentioned in statutory legal documents. The region-based minimum wage and statutory pay rate are fundamentally different concepts in terms of nature, applicable subjects, and specific wage levels. However, many people often confuse these two types of wages.
The region-based minimum wage is the lowest wage level used as the basis for enterprises to determine the wage levels in their wage scales and payrolls; agree on the wage level in the employment contract and pay wages to employees. According to the regulations, enterprises operating in any area shall apply the region-based minimum wage stipulated for that area.
This is the noteworthy content of Official Dispatch 2717/BHXH-QLT issued by Ho Chi Minh City Social Insurance, sent to employers in Ho Chi Minh City regarding the guidance on contributing to Social Insurance, Health Insurance, Unemployment Insurance, and Occupational Accident - Occupational Disease Insurance from January 1, 2019.
Increasing the region-based minimum wage in Vietnam in 2017 is an issue that has garnered significant attention from the public because it greatly impacts the lives of workers as well as the activities of enterprises.
The issues related to salary and bonus are always of particular concern to employees as they directly affect their rights and benefits. Below, Thu Ky Luat would like to send to our esteemed members the payrolls,statutory pay rate chart, and region-based minimum wage in Vietnam over the years over the years to observe the changes in wage levels over the years.
The Ministry of Labor, Invalids and Social Affairs (MOLISA) will advise the Government of Vietnam to issue a decree stipulating the minimum wage for employees working under employment contract applicable for the year 2024.
Due to the impact of the Covid-19 epidemic, the salary policy in 2021 according to Resolution 27 will be postponed. So, how will the region-based minimum wages in 2021 of 63 provinces and cities of Vietnam be changed?
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;