Minimum wage vietnam. Jun 18, 2025 · From July 1, the determination of regional minimum wages will be shifted to determining according to commune-level administrative units, instead of district-level as at present, and the list arranged according to 4 regions will also be adjusted. Learn more. Aug 8, 2024 · Explore Vietnam's 2024 minimum wage and basic salary rates, and understand their implications for different sectors and roles. This adjustment responds to economic improvements, inflationary pressures, administrative changes, and public sector salary reforms aimed at maintaining equitable wage standards amidst evolving socio-economic dynamics Jun 13, 2022 · The resolution also defines minimum wage as the lowest amount that can be paid to an employee, which is the basis for negotiation and compensation, in the form of a monthly salary. Jun 30, 2024 · In brief On 30 June 2024, the Vietnamese government issued both Decree No. Check meanings, examples, usage tips, pronunciation, domains, and related words. Region II? Whoa, that’s a hefty 4,410,000 Vietnamese Dong. org Jun 27, 2025 · The minimum wage in 34 provinces and cities after the administrative unit arrangement from July 1, 2025 is specifically regulated in Decree 128/2025/ND-CP. Define minimum. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. The increase is expected to align with workers' living costs. Since July 2024, minimum wages in Viet Nam range from VND 3,450,000 to VND 4,960,000, depending on the region. Makes sense, different regions Jul 2, 2024 · Vietnam’s monthly and hourly minimum wages increased July 1 under a decree published June 30. Mar 13, 2025 · The regional minimum wage directly affects the income of workers working under labor contracts. Accordingly, the highest minimum wage is 4. How to use minimum in a sentence. With inflation and expenses rising, labor unions are pushing for a significant increase. Wages Wage is the amount paid to the employee by the employer under agreement to perform work, including the wage according to the job or title, wage allowance, and other supplementary amounts. Minimum Wages in Vietnam remained unchanged at 4960 VND Thousand/Month in 2025 from 4960 VND Thousand/Month in 2024. Despite this, the country remains among Asia's most affordable for business. pl. According to statistics from the labor management agency, in nearly 10 years (2016-2024), the minimum wage has been periodically adjusted with an average increase rate of 5. Meanwhile, the regional minimum wage for employees in non-state organizations and enterprises ranges from VND 3,450,000 to 4,960,000/month, categorized in 4 regions. 5 days ago · 2021 April 16, Judy Berman, “Kate Winslet's Mare of Easttown Is the Rare Crime Drama That Cares About Its Characters”, in Time [1]: Realism might be the hardest aesthetic to do well. 96 million dong, up from a range of 3. See full list on minimum-wage. Jul 11, 2025 · The National Wage Council approves a 7. Based on these minimum rates, employers can negotiate with their employees over actual monthly salaries that must not be lower than the minimum wage in each region. Speaking at the conclusion of the meeting, after listening to the opinions of relevant parties, Mr. Jul 4, 2024 · Vietnam is poised to implement a 6% increase in minimum wages starting July 1, 2024, mandated by the Vietnamese Ministry of Labour, War Invalids and Social Affairs (MOLISA). Mar 7, 2025 · Vietnam’s minimum wage may be adjusted in 2025 to better reflect living costs and economic growth. MINIMUM meaning: 1. Region III is lower, 3,860,000 Dong, also from July 1st. 73/2024/ND-CP (" Decree No. BackgroundThe Vietnamese Labor Code provides that wages may not fall below a minimum level, which will be adjusted periodically based on various market conditions upon the recommendations of the National Aug 8, 2025 · In 2024, the monthly minimum wage in Vietnam reached approximately *** million Vietnamese dong. n. Jun 26, 2025 · As of July 1, 2025, Vietnam's regional minimum wage will be applied in 34 provinces and centrally run cities following the province merger. Minimum definition: smallest amount or level possible or allowed. 45 million VND/month. 53) to 4. Decree 74/2024/NĐ-CP (Vietnamese) sets monthly minimum wages for each of four regions from 3. At a glance On 30 June, the Government issued Decree 73/2024/ND-CP on new basic salary and Decree 74/2024/ND-CP on new minimum salaries which will come into effect from 1 July 2024. Mar 14, 2025 · Vietnam’s Ministry of Home Affairs is preparing to adjust the regional minimum wage in 2025, considering changes in administrative divisions. Aug 8, 2024 · On June 30, 2024, the Vietnamese government issued Decree 74/2024/ND-CP, which established new minimum wage rates for employees working under employment contracts, effective July 1, 2024. As of July 1, 2024, a 6% increase in minimum wages will take effect, impacting social insurance Sep 2, 2024 · The national minimum wage has increased over the years following regular adjustments made by the National Wage Council. The least possible quantity or degree. Important information for your business. Le Van Thanh Apr 4, 2024 · Staying compliant with Vietnam's minimum wage regulations is crucial for employers in 2024. Minimum can be a noun or an adjective and it has several more specific meanings, all of which are related in some way to its primary meaning. Jul 1, 2024 · Minimum Wage in Vietnam - 2025 AugustMinimum Wage – Vietnam Valid on August 2025 Minimum wage with effect from July 1, 2024 The amounts are in Vietnamese Dong. The wage according to the job or title must not be lower Jul 31, 2024 · Decree 74 provides explicit guidelines for converting weekly/daily salaries into monthly/hourly salaries, ensuring consistency and compliance with the statutory minimum wage requirements. 2% raise in Vietnam’s regional minimum wage for 2026. As of July 1, 2025, Vietnam's regional minimum wage has been applied in 34 provinces and centrally run cities following the merger of localities. Since 2009, this wage has been adjusted 16 times. Jul 1, 2024 · Vietnam’s evolving labor market has made minimum wage policies a crucial factor for businesses, employees, and policymakers alike. Jul 8, 2025 · Review Vietnam’s revised minimum wage rates effective 1 July 2025 and how they impact employer payroll calculations. I was looking at this just the other day, August 6th to be exact. Mar 28, 2025 · Stay informed about the minimum wage in Vietnam. Minimum salary in Vietnam According to the Vietnamese government, the official minimum wage in Vietnam in 2025 varies from 3. b. Feb 14, 2025 · Can an employee's salary be lower than the statutory minimum wage in Vietnam? Pursuant to Article 90 of the Labor Code 2019 on wages: Article 90. Feb 21, 2025 · Explore the minimum wage in Vietnam in 2025 per hour, per month and in relation to Vietnam's key low-cost labour competitors in Southeast Asia. Jul 2, 2024 · From July 1, 2024, the statutory minimum wages for employees will change as per the provisions of Decree 74/2024/ND-CP. 73 "), regulating the basic salary ("lương cơ sở") for cadres, civil servants, public employees and the armed forces - which is also known as the general minimum wage (GMW), and Decree 74/2024/ND-CP (" Decree No. The lowest degree or amount reached or recorded; the lower limit of variation. The performances have to be genuinely moving and the setting vividly evoked; bonkers twists must be kept to a minimum. If you do the minimum amount of work at your job, you might not get fired — but you definitely won't get promoted. 96 million Vietnamese dong per month depending on the region, which is equivalent to 135-195 US dollars at the current exchange rate. Jun 16, 2025 · Current regulations minimum wage 2025 in Vietnam As the economy undergoes major transformation, accurately understanding current regulations and forecasting future trends becomes crucial for businesses to shape long-term human resource strategies. 2% increase in the regional minimum wage for 2026. It can also refer to the lowest limit or point, or the least amount required or permitted. Jun 18, 2025 · The new regional minimum wage under four regions will take effect from July 1, 2025 when the two-tier local administrations officially come into operation The minimum wage, the lowest amount an employer is legally required to pay workers for simple jobs under normal working conditions, targeting to ensure that workers can meet their most basic needs. In 2025, the base salary for employees in state-owned organizations and enterprises, or the common minimum wage, is VND 2,340,000/month. . Discover expressions like "at the minimum", "keep something to a minimum", "minimum wage". On July 11 in Hanoi, the National Wage Council concluded its second meeting of 2025 by voting to propose a 7. Definition of minimum noun in Oxford Advanced Learner's Dictionary. This page provides - Vietnam Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. With a rising economy and growing foreign investment, the government frequently revises wage structures to balance competitiveness with fair compensation. 45 million dong (US$135. 45 to 4. 4% (1,691,574 VND, or $69. Discover rates, regulations, and how it affects employers and employees. Apr 13, 2024 · Vietnam revised the regional minimum wages on July 1, 2022, by an average of 6%. That was effective July 1st, 2024. The meaning of MINIMUM is the least quantity assignable, admissible, or possible. used to describe something that is the…. The minimum is the lowest or smallest amount possible or acceptable. Jul 9, 2025 · Vietnam Minimum Wage: What is the monthly minimum wage in Vietnam? Okay, so Vietnam’s minimum wage, right? It’s a bit of a mess to figure out. minimum synonyms, minimum pronunciation, minimum translation, English dictionary definition of minimum. 25 million dong to 4. the smallest amount or number allowed or possible: 2. This guide provides a comprehensive overview of the recent increase, regional variations, and key considerations for ensuring you meet your legal obligations Mar 6, 2024 · Vietnam’s minimum wage has been revised four times since 2019. If you say that something is a particular amount minimum, you mean that this is the smallest amount it should be or could possibly be, although a larger amount is acceptable or very possible. The new wage levels are set to take effect on January 1, 2026. 74 "), regulating the regional minimum wage (RMW) for employees working Dec 22, 2023 · From July 1, 2024: To increase the region-based minimum wages in Vietnam by 6% to nearly 5 million VND/month? On the morning of December 20, the National Wage Council met for the second session in 2023, to discuss and negotiate a plan to adjust region-based minimum wages in 2024. Sep 6, 2024 · New updates enforce a 6% increase in the minimum wage in Vietnam. min·i·mums or min·i·ma 1. Principles of applying statutory/regional minimum wages in Vietnam Enterprises and employees may agree on wages, but in all cases, even with the employee’s consent, enterprises and employers are not allowed to pay employees less than the regional minimum wage per month or hour. With the new policy, monthly minimum wage Understand Vietnam's minimum wage structure: a common wage and zone-based wages for non-state employees. 68 million dong that was in effect since July 1, 2022. This will affect workers who are employed under the labour code in Vietnam. However, this report shows that the average monthly net wage for workers from FLA member companies shows a significant living wage gap of 22. 96 million VND/month and the lowest is 3. Jul 2, 2024 · Below is the content of 74/2024/ND-CP dated June 30, 2024 on the statutory minimum wages for employees working under employment contracts in Vietnam. Minimum means the lowest amount or level of something. These changes by the Vietnamese government ensure that minimum wages for workers in the garment sector have increased steadily coming out of the COVID-19 pandemic. Compared to last year, the rate has not changed. Aug 28, 2024 · Find out the average salary in Vietnam, salary comparison and what makes Vietnam an attractive outsourcing destination. This amount corresponds to the workload and job title in designated work hours, given that the employee fulfils their tasks as assigned. Vietnam’s monthly minimum wage differs across four different regions, depending on the cost of living. a. Jul 1, 2024 · Vietnam's workers' minimum monthly salaries are increased by 6%, or up to VND280,000 ($11), starting Monday. Minimum refers to the smallest or lowest quantity, degree, or value achievable or recorded in a set of data, series, or range. 96%/year. rnaoqt qzou xbx ezhw uinfr joi phefdfn qnwt axab gilxyj