On June 12th, 2022, the Government issued Decree No. 38/ND-CP stipulating the regional minimum wage for employees working under labor contracts. The Decree takes effect from July 1st, 2022. According to the Decree, the regional minimum wage increases at an average of 6% (from 180,000 VND to 260,000 VND respectively), specifically as follows:
|
Region |
Monthly minimum Wage (VND) |
Increase (VND) |
|
|
Prior to July 1st, 2022 |
From July 1st, 2022 |
||
|
Region I |
4,420,000 |
4,680,000 |
260,000 |
|
Region II |
3,920,000 |
4,160,000 |
240,000 |
|
Region III |
3,430,000 |
3,640,000 |
210,000 |
|
Region IV |
3,070,000 |
3,250,000 |
180,000 |