Guidance on Determining Construction Labor Unit Prices

14:06, 11/07/2024

According to Circular 05/2016/TT-BXD guiding the determination of labor unit prices in investment construction cost management, the statutory pay rate for determining construction labor unit prices is stipulated as follows:

- Region I: ranging from 2,350,000 VND to 2,530,000 VND.

- Region II: ranging from 2,150,000 VND to 2,320,000 VND.

- Region III: ranging from 2,000,000 VND to 2,154,000 VND.

- Region IV: ranging from 1,900,000 VND to 2,050,000 VND.

The areas to which these wage rates apply are stipulated according to the regional minimum wage levels determined by the Government of Vietnam.

The above-mentioned initial statutory pay rate is determined by taking the actual average surveyed wage and dividing it by the corresponding hierarchical coefficient as specified in Appendix 2 of this Circular.

The actual average surveyed wage has already included the insurance amounts that employees must pay to the state, and does not yet include the insurance amounts that employers must pay to the state (social insurance, health insurance, trade union fees, unemployment insurance).

Circular 05/2016/TT-BXD takes effect from May 1, 2016, and replaces Circular 01/2015/TT-BXD.

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