New Region Minimum Wage from 01/01/2013

Ho Chi Minh 3381

New region minimum wage from 01/01/2013

If you have any questions, do not hesitate to contact HR2B Payroll Services in Vietnam

December 04 2012, Today the government announced a 16-18% increase in the minimum wage applicable to all private business in Viet Nam.

Where Current From 1/1/2013 % Increase
Region I 2,000,000 2,350,000 17.5%
Region II 1,780,000 2,100,000 17.98%
Region III 1,550,000 1,800,000 16.13%
Region IV 1,400,000 1,650,000 17.86%

From 01/01/2013, the minimum wage applicable to private business will increase from 16% to 18% compared to the old.Specifically, the Region minimum wage is applicable to businesses operating in the Region I, will increase from VND2,000,000 to VND2,350,000, an increase of VND350,000.Similarly, the business operating in the Region II, will be applied the minimum wage was VND2,100,000, an increase of VND320,000.Enterprises of Region III will apply the salary of VND1.800.000 and Region IV is VND1,650,000, up from the previous VND250,000.

See Decree 103/2012/ND-CP.

The minimum wage covers employees working in enterprises, cooperatives, cooperative groups, farms, households and individuals and the agencies and organizations that hire employee.

HR Professional check list

  1. 1. Identify who in your organisation needs to adjust salary.
  2. 2. Prepare a proposal for your board of directors / management to ensure there are salary funds available for the increase;
  3. 3. Communicate the change to your affected staff.
  4. 4. Check January payroll for compliance.
If you are the customer of HR2B, you do not need to do anything. HR2B will take care of all the legal procedures to support your employees and make sure everything is done correctly and in accordance with law. If you are not a client of HR2B, please call us to know HR2B can help you what and regularly update the latest changes of the regime of the law of Vietnam.
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