Recently, the Government of Vietnam issued Decree 157/2018/ND-CP stipulating the region-based minimum wages for employees working under contracts, attached with the appendix of region-based minimum wages applied at localities across the country from January 1, 2019.
Decree 141/2017/ND-CP stipulating the region-based minimum wages in 2018 has been officially issued by the Government of Vietnam recently. Lawnet provides the system of region-based minimum wage tables for 2018 to members, especially enterprises employing employees. To be specific:
From January 1, 2018, numerous regulations regarding salaries, taxes, and social insurance in Vietnam officially come into effect. Below, Lawnet will highlight the 10 most notable regulations, including:
Region-based minimum wages for 2018 consist of four levels: VND 3.98 million (Region I); VND 3.53 million (Region II); VND 3.09 million (Region III); VND 2.76 million (Region IV) applied correspondingly to the following areas:
This is a query from Ms. Nguyen Thi Lien (email: nglienkt**@gmail.com) sent to Lawnet with the content: "I work at a shoe manufacturing enterprise in Ho Chi Minh City. My current salary as the basis for payment of social insurance premiums is 4,300,000 VND/month. So, does the increase in region-based minimum wages lead to increase in social insurance premiums?
From January 01, 2021, there will be changes to several regulations regarding the applicable region-based minimum wages in 2021 in Vietnam when Labor Code 2019 comes into force. Along with the impact of the Covid-19 pandemic, what are the changes in the applicable region-based minimum wages in 2021?
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