11 January, 2018
On December 7, 2017, the government issued Decree No. 141/2017/ND-CP stipulating new minimum wage requirements for employees working under labor contracts (Decree 141). Under the provisions of Decree 141, which will apply from January 1, 2018, the monthly minimum wage will be increased by VND 180,000 to 230,000 (USD 7.92 to 10.13), depending on the region.
Levels of Increase
Decree 141 determines four minimum wage rates in Vietnam for four different regions (cumulatively covering the whole country). Each region is evaluated according to its socio-economic development, costs of living, and location. The specific level of minimum wage increase applied in each region is summarized in the table below:
Please click on the table to enlarge.
As such, by January 1, 2018, the average minimum wage will increase by about 6.5 percent.
For further information, please contact:
Thomas J. Treutler, Partner, Tilleke & Gibbins
thomas.t@tilleke.com
