Upcoming Supplementary Regulations on Regional Minimum Hourly Wage Levels

Le Thuy

08:22, 11/07/2024

Resolution 27-NQ/TW was issued by the Central Executive Committee XII on May 21, 2018, with the main content on reforming salary policies, emphasizing the workforce working in enterprises.

from 2021, the regional minimum wage will be periodically adjusted with the following specific requirements:

- Supplement regulations on the regional minimum hourly wage;- Adjust the regional minimum wage to ensure the minimum living standards of employees and their families, taking into account the relationship with labor market factors and socio-economic development;- Improve the functions, tasks, and organizational structure of the National Wage Council; include independent experts in the Council.

Additionally, for state enterprises: Wages will be determined based on cost-based wage contracting linked to the production and business tasks of the enterprise until 2025, moving towards contracting the production and business tasks of the enterprise by 2030.

See more regulations at Resolution 27-NQ/TW.

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